First Manhattan Co. Llc Portfolio Shifts in Q2 2026: Focus on Technology and Selective Sectors

As reported by insiderset.com for the period ending June 30, 2026, First Manhattan Co. Llc has shown active buying and selling patterns within its portfolio.

Prominent Purchases This Quarter

The investor's most significant acquisition appears to be in the Technology sector, where they substantially increased their stake in UBER TECHNOLOGIES INC (UBER). The position allocation grew from an unknown previous level to 0.63% of the portfolio as of June 30, 2026.

Furthermore, First Manhattan Co. Llc boosted its holdings in BOOKING HOLDINGS INC (BKNG), increasing shares by a remarkable 2545.4%, which pushed its allocation to 0.49%. This indicates strong confidence or strategic interest in the travel technology company.

The investor also showed notable buying activity with QXO INC (QXO). The stake increased significantly, representing nearly a doubling of holdings over the quarter, as evidenced by an almost 196% increase in shares. Similarly, despite slight share decreases elsewhere, the Technology sector saw continued investment through purchases like MICROSOFT CORP (MSFT), where the allocation remained steady at 4.13%, and new positions established with stocks such as VANGUARD INDEX FDS (VO) which increased its position by over 300%.

Significant Reductions in Holdings

In contrast, First Manhattan Co. Llc divested from several companies this quarter. BOSTON SCIENTIFIC CORP (BSX), a player in the Healthcare sector, experienced a substantial reduction of over 65% in its share count.

AMAT, part of the Technology holdings, also saw a significant decrease with an almost 17.6% drop in shares held by First Manhattan Co. Llc.

The Consumer Cyclical sector faced exits from COPART INC (CPRT), which experienced nearly a two-thirds reduction (-62.68%) in its share count during the quarter.

Overall Portfolio Context

First Manhattan Co. Llc's portfolio, valued at $38.07 billion as of June 30, 2026, remains heavily concentrated in Financial Services (40.68%) and Technology (21.12%). The top five holdings by weight account for approximately 41.29% of the total portfolio value.

The investor holds a diverse range of stocks across various sectors including Healthcare, Consumer Cyclical, Communication Services, Energy, Industrials, Utilities, and Consumer Defensive, as listed in their filing data.