{
  "crd_number": 325281,
  "slug": "first-manhattan-co-llc-new-york-ny-325281",
  "primary_business_name": "FIRST MANHATTAN CO. LLC",
  "legal_name": "FIRST MANHATTAN CO. LLC",
  "dbas": [],
  "city": "New York",
  "state": "NY",
  "country": "United States",
  "cbsa_code": "35620",
  "metro": {
    "cbsa_code": "35620",
    "common_name": "New York",
    "msa_name": "New York-Newark-Jersey City, NY-NJ",
    "path": "/advisors/ny/new-york"
  },
  "registration_type": "sec",
  "registration_status": "Approved",
  "registration_date": "1977-01-13",
  "years_registered": 49,
  "period": "2026-10-01",
  "filing_date": "2026-08-13",
  "carried_forward": false,
  "raum_total": 38086101541.0,
  "raum_discretionary": 35663135874.0,
  "raum_non_discretionary": 2422965667.0,
  "raum_band": "over_5b",
  "raum_band_label": "Over $5 billion",
  "total_employees": 147,
  "advisory_employees": 51,
  "client_count_bucket": null,
  "clients_by_type": {
    "charitable": {
      "raum": 1570837622.0,
      "count": 108
    },
    "individuals": {
      "raum": 629993864.0,
      "count": 2252
    },
    "investment_companies": {
      "raum": 172805171.0,
      "count": 2
    },
    "pension_profit_sharing": {
      "raum": 1510159023.0,
      "count": 95
    },
    "high_net_worth_individuals": {
      "raum": 33283079512.0,
      "count": 3828
    },
    "pooled_investment_vehicles": {
      "raum": 919226349.0,
      "count": 9
    }
  },
  "compensation_types": [
    "percentage_of_aum",
    "performance_based"
  ],
  "advisory_activities": [
    "financial_planning",
    "pension_consulting",
    "portfolio_management_businesses_institutional",
    "portfolio_management_individuals",
    "portfolio_management_investment_companies",
    "portfolio_management_pooled_vehicles"
  ],
  "wrap_fee_participant": true,
  "disclosure_yes_count": 0,
  "states_registered": [
    "AK",
    "AL",
    "AR",
    "AZ",
    "CA",
    "CO",
    "CT",
    "DC",
    "DE",
    "FL",
    "GA",
    "HI",
    "IA",
    "ID",
    "IL",
    "IN",
    "KS",
    "KY",
    "LA",
    "MA",
    "MD",
    "ME",
    "MI",
    "MN",
    "MO",
    "MS",
    "MT",
    "NC",
    "ND",
    "NE",
    "NH",
    "NJ",
    "NM",
    "NV",
    "NY",
    "OH",
    "OK",
    "OR",
    "PA",
    "RI",
    "SC",
    "SD",
    "TN",
    "TX",
    "UT",
    "VA",
    "VT",
    "WA",
    "WI",
    "WV",
    "WY"
  ],
  "websites": [
    "https://facebook.com/firstmanhattan64",
    "https://firstmanhattan.com",
    "https://fmexcelsioretfs.com",
    "https://greenleafstrategies.com",
    "https://instagram.com/_firstmanhattan",
    "https://linkedin.com/company/firstmanhattanco",
    "https://twitter.com/_firstmanhattan"
  ],
  "iapd_url": "https://adviserinfo.sec.gov/firm/summary/325281",
  "city_as_filed": "NEW YORK",
  "url": "https://advisorcensus.com/firm/first-manhattan-co-llc-new-york-ny-325281",
  "display_name": "First Manhattan Co. LLC",
  "summary": "First Manhattan Co. LLC is an SEC-registered investment advisory firm in New York, NY, registered since 1977, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 13, 2026.",
  "citation": "AdvisorCensus. First Manhattan Co. LLC (CRD 325281): Form ADV filing data as of October 2026.",
  "registration_type_label": "SEC-registered investment adviser",
  "compensation_labels": [
    "A percentage of assets under your management",
    "Performance-based fees"
  ],
  "advisory_activity_labels": [
    "Financial planning services",
    "Portfolio management for individuals and/or small businesses",
    "Portfolio management for investment companies (and business development companies)",
    "Portfolio management for pooled investment vehicles (other than investment companies)",
    "Portfolio management for businesses (other than small businesses) or institutional clients",
    "Pension consulting services"
  ],
  "quick_answers": [
    {
      "q": "How is First Manhattan Co. LLC compensated?",
      "a": "On its Form ADV (Item 5.E, October 2026), First Manhattan Co. LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure."
    },
    {
      "q": "Where is First Manhattan Co. LLC located?",
      "a": "First Manhattan Co. LLC's principal office is in New York, NY, according to its Form ADV; the September 2026 filing also lists 4 other offices (Schedule D, Section 1.F)."
    },
    {
      "q": "Is First Manhattan Co. LLC registered with the SEC or a state?",
      "a": "First Manhattan Co. LLC is an SEC-registered investment advisory firm, registered since 1977. Status as filed: Approved. CRD 325281."
    },
    {
      "q": "How much does First Manhattan Co. LLC manage?",
      "a": "First Manhattan Co. LLC reports $38,086,101,541 in regulatory assets under management in its Form ADV filing dated August 13, 2026 (94% discretionary)."
    },
    {
      "q": "How have First Manhattan Co. LLC's assets and staff changed since 2023?",
      "a": "In the Form ADV data for First Manhattan Co. LLC: Regulatory assets under management: $23,591,694,768 in the October 2023 data and $38,086,101,541 in the October 2026 data, up 61%. Total employees: 130 in October 2023 and 147 in October 2026. Assets under management move with markets as well as with clients coming and going."
    },
    {
      "q": "What types of clients does First Manhattan Co. LLC serve?",
      "a": "By number of clients on Form ADV Item 5.D: high net worth individuals (3,828); individuals (other than high net worth individuals) (2,252); charitable organizations (108)."
    },
    {
      "q": "Which custodians does First Manhattan Co. LLC use?",
      "a": "First Manhattan Co. LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Pershing LLC as a custodian holding 10% or more of its separately managed account assets."
    },
    {
      "q": "Does First Manhattan Co. LLC report any disciplinary disclosures?",
      "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/325281"
    },
    {
      "q": "What changed in First Manhattan Co. LLC's recent Form ADV filings?",
      "a": "In the April 2026 filing data: Employees performing advisory functions went from 47 to 51. Regulatory assets under management went from $34,439,571,092 to $38,086,101,541 (+11%). Added an office in Jackson, WY. Added an office in Omaha, NE. Added an office in San Francisco, CA."
    }
  ],
  "filing_history": [
    {
      "period": "2023-10-01",
      "regulatory_assets_under_management": 23591694768.0,
      "total_employees": 130,
      "filing_date": "2023-09-07"
    },
    {
      "period": "2024-10-01",
      "regulatory_assets_under_management": 31826559572.0,
      "total_employees": 133,
      "filing_date": "2024-06-14"
    },
    {
      "period": "2025-10-01",
      "regulatory_assets_under_management": 34439571092.0,
      "total_employees": 132,
      "filing_date": "2025-04-29"
    },
    {
      "period": "2026-10-01",
      "regulatory_assets_under_management": 38086101541.0,
      "total_employees": 147,
      "filing_date": "2026-08-13"
    }
  ],
  "recent_changes": [
    {
      "period": "2026-04-01",
      "period_label": "April 2026",
      "notes": [
        "Employees performing advisory functions went from 47 to 51.",
        "Regulatory assets under management went from $34,439,571,092 to $38,086,101,541 (+11%).",
        "Added an office in Jackson, WY.",
        "Added an office in Omaha, NE.",
        "Added an office in San Francisco, CA."
      ]
    }
  ],
  "fees_from_brochure": null,
  "custodians": [
    {
      "name": "Pershing LLC",
      "name_as_filed": "PERSHING LLC",
      "affiliated": false
    }
  ],
  "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.",
  "markdown_url": "https://advisorcensus.com/firm/first-manhattan-co-llc-new-york-ny-325281.md",
  "clients": [
    {
      "type": "individuals",
      "label": "Individuals (other than high net worth individuals)",
      "count": 2252,
      "fewer_than_5": false,
      "raum": 629993864.0
    },
    {
      "type": "high_net_worth_individuals",
      "label": "High net worth individuals",
      "count": 3828,
      "fewer_than_5": false,
      "raum": 33283079512.0
    },
    {
      "type": "investment_companies",
      "label": "Investment companies",
      "count": 2,
      "fewer_than_5": false,
      "raum": 172805171.0
    },
    {
      "type": "pooled_investment_vehicles",
      "label": "Pooled investment vehicles (other than investment companies and business development companies)",
      "count": 9,
      "fewer_than_5": false,
      "raum": 919226349.0
    },
    {
      "type": "pension_profit_sharing",
      "label": "Pension and profit sharing plans (but not the plan participants or government pension plans)",
      "count": 95,
      "fewer_than_5": false,
      "raum": 1510159023.0
    },
    {
      "type": "charitable",
      "label": "Charitable organizations",
      "count": 108,
      "fewer_than_5": false,
      "raum": 1570837622.0
    }
  ],
  "disclosure_line": "Reports no disclosure items on Form ADV Item 11.",
  "disclosure_items": [],
  "indexable": true,
  "suppressed": false,
  "claimed": false,
  "enhanced": false,
  "provided_by_the_firm": null,
  "source": {
    "name": "Form ADV",
    "as_of": "2026-10-01",
    "iapd_url": "https://adviserinfo.sec.gov/firm/summary/325281",
    "operator": "BH Monitor Services, LLC",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data"
  }
}