FIRST MANHATTAN

13F File No.: Name: portfolio companies for December 2011 quarter

Company (Ticker) Portfolio Weight Share Count Price Last Trade
Reckitt Benckiser Group Gbp Pa 0.04 6.55M 49.41 0.00
Ameren Corporation (AEE) 0.02 4.90M 33.13 41.21
Tyco International Ltd S hs 0.02 2.37M 46.71 0.00
Anheuser-Busch InBev NV (BUD) 0.02 2.04M 60.99 120.72
Skf Frueher Ab Svenska 0.02 5.33M 21.25 0.00
American Express Company (AXP) 0.01 1.76M 47.17 79.39
Abbott Laboratories (ABT) 0.01 801377 56.23 46.40
Apple (AAPL) 0.01 140625 405.00 123.28
Accenture 0.01 1.69M 53.23 0.00
Actuant Corporation (ATU) 0.01 1.68M 22.69 24.35
Approach Resources (AREX) 0.01 1.89M 29.41 6.67
Mitsubishi Tanabe Pharma 0.01 2.56M 15.82 0.00
* America Movil Sab De Cv spon adr l shs 0.00 11867 22.58 0.00
Avatar Hldgs Inc note 4.500% 4/0 0.00 2.16M 1.00 0.00
Aon Corporation (AON) 0.00 254160 46.80 96.00
Ameriprise Financial (AMP) 0.00 43008 49.62 131.20
AGL Resources (AGL) 0.00 229179 42.26 0.00
AT&T; (T) 0.00 110917 30.24 32.70
American Eagle Outfitters (AEO) 0.00 68200 15.28 16.91
Apache Corporation (APA) 0.00 13389 90.52 60.29
Willis Group Holdings 0.00 78476 38.79 0.00
Adobe Systems Incorporated (ADBE) 0.00 496920 28.27 76.64
Transocean 0.00 15425 38.38 0.00
Automatic Data Processing (ADP) 0.00 62551 54.00 85.00
Avery Dennison Corporation (AVY) 0.00 154475 28.68 51.65
Analog Devices (ADI) 0.00 56350 35.78 57.76
Agrium 0.00 340094 67.11 0.00
AstraZeneca (AZN) 0.00 439994 46.29 64.92
Aetna (AET) 0.00 10843 42.15 100.76
Air Products & Chemicals (APD) 0.00 17635 85.17 152.20
Arrow Electronics (ARW) 0.00 27600 37.39 60.53
Alcoa (AA) 0.00 10030 8.57 30.90
Allstate Corporation (ALL) 0.00 62083 27.40 68.72
Altria (MO) 0.00 1.07M 29.65 52.47
Amgen (AMGN) 0.00 382450 64.21 153.92
Anadarko Petroleum Corporation (APC) 0.00 23470 76.31 79.89
BB&T; Corporation (BBT) 0.00 14927 25.12 37.76
Alleghany Corporation (Y) 0.00 7836 285.22 460.40
Agilent Technologies Inc C ommon 0.00 78130 34.93 0.00
Brookfield Infrastructure Part 0.00 917783 27.70 0.00
AutoZone (AZO) 0.00 79621 324.96 644.63
Ascent Media Corporation (ASCMA) 0.00 25380 50.71 42.18
Applied Materials (AMAT) 0.00 32749 10.69 23.76
Aptar (ATR) 0.00 9230 52.11 63.62
Amazon (AMZN) 0.00 1245 172.69 372.62
Avis Budget (CAR) 0.00 180100 10.72 59.56
Amdocs Ltd ord 0.00 347984 28.53 0.00
Avatar Holdings (AVTR) 0.00 1.18M 7.18 0.00
Agilysys (AGYS) 0.00 16850 7.89 9.12
American Reprographics Company (ARP) 0.00 933960 4.59 8.37
AMCOL International Corporation (ACO) 0.00 114364 26.84 0.00
Ingersoll-rand Co Ltd-cl A 0.00 242415 30.47 0.00
Seaspan 0.00 55700 13.66 0.00
ABB (ABB) 0.00 135450 18.83 20.21
American Superconductor Corporation (AMSC) 0.00 25025 3.68 0.79
Alliance Resource Partners (ARLP) 0.00 12480 75.56 35.34
Foster Wheeler Ltd Com Stk 0.00 15100 19.14 0.00
Teekay Lng Partners 0.00 78400 33.16 0.00
Aqua America (WTR) 0.00 178802 22.05 25.80
Agni 0.00 45405 36.32 0.00
Access National Corporation (ANCX) 0.00 198296 8.80 18.32
AMETEK (AME) 0.00 4977 41.99 51.35
AZZ Incorporated (AZZ) 0.00 252350 45.44 42.90
Allegheny Technologies Incorporated (ATI) 0.00 129550 47.80 31.49
GOLAR LNG 0.00 130300 44.44 0.00
CONSOLIDATED WATER CO Inc Com Stk 0.00 30600 8.56 0.00
American Safety Ins Hldgs Lt ord 0.00 322666 21.75 0.00
Asa Limited shs 0.00 57000 26.18 0.00
Nabors Industries Ltd shs 0.00 31556 17.33 0.00
Baltic Trading 0.00 17900 4.75 0.00
Stealthgas Inc shs 0.00 30000 3.83 0.00
Ark Restaurants (ARKR) 0.00 40350 13.38 24.62
B&G; Foods (BGS) 0.00 37425 24.05 27.76
Weatherford International Lt reg 0.00 409500 14.64 0.00
ACMAT Corporation (ACMTA) 0.00 42850 24.25 20.95
China Yuchai Intl 0.00 35800 13.77 0.00
American International (AIG) 0.00 82118 23.20 54.59
Alexander's (ALX) 0.00 1117 369.74 417.49
Alexco Resource 0.00 10000 6.80 0.00
Acme United Corporation (ACU) 0.00 20159 9.47 18.91
Acadia Realty Trust (AKR) 0.00 75546 20.13 33.16
Mind C T I 0.00 20000 1.85 0.00
AllianceBernstein Income Fund (ACG) 0.00 140700 8.07 7.51
Artesian Resources Corporation (ARTNA) 0.00 248325 18.83 20.67
Investor Ab 'b' ord 0.00 13700 18.69 0.00
BCSB Ban (BCSB) 0.00 12500 10.72 24.68
Eurogas Intl 0.00 30830 0.00 0.00
Arch Capital Group Pfd A pfd 0.00 97900 25.46 0.00
Arch Capital Group Pfd B pfd 0.00 40100 25.39 0.00
Magal Security Sys Ltd ord 0.00 14000 3.71 0.00
Advanced Viral Research (ADVR) 0.00 36000 0.00 0.00
Noble 0.00 231784 0.87 0.00
Alliance Bankshares Corporation (ABVA) 0.00 15800 3.42 0.00
Sichuan Expressway Co H C ommon stock 0.00 18620 0.38 0.00
Roche Hldgs Ag Genusscheine Np 0.00 49287 169.58 0.00
Covidien 0.00 306513 45.01 0.00
Te Connectivity Ltd for 0.00 7880 30.71 0.00
Utilico Emerging Mkts Ut Gsp 0.00 159558 2.31 0.00
Vinda International Holdings 0.00 92397 1.28 0.00
Givot Olam Oil Exp. 0.00 700000 0.01 0.00
Avatar Hldgs Inc note 7.500% 2/1 0.00 5.76M 0.90 0.00
Rhj International 0.00 2.20M 4.56 0.00
Alpine 0.00 709746 0.40 0.00
Smiths 0.00 250000 14.89 0.00
America Movil S.a.b. De C.v. 0.00 45236 1.13 0.00
Automated Media Services 0.00 100000 2.50 0.00
Almirall Sa Shs 0.00 319332 6.88 0.00
F M First Hong Kong 0.00 10.00M 1.00 0.00
Acencia Debt Strategies 0.00 786806 1.27 0.00
Geiger Counter Ltd Shs 0.00 87700 0.79 0.00
Intercontinental Hotels 0.00 289100 17.98 0.00
Mccarthy Corporation 0.00 19526 0.00 0.00
Samson Holding Ltd Shs 0.00 325000 0.11 0.00
Socam Development Ltd Shs 0.00 192300 0.92 0.00
Tysan Holdings Ltd Shs 0.00 861100 0.18 0.00
Vectura Group Plc Shs 0.00 1.52M 0.87 0.00
Vostok Gas Ltd Investment 0.00 10500 0.00 0.00
Nobel Biocare Hldg Ag 0.00 233954 11.63 0.00
Petroplus Holdings Ag 0.00 150825 1.86 0.00
Jp Morgan Margin Asset 0.00 18.63M 1.00 0.00
Nippon Shinyaku 0.00 2.52M 12.35 0.00
Mjp Large Cap Fund 0.00 6795 171.16 0.00
Mjp Small Cap Fund 0.00 5587 166.10 0.00
Mjp International Fund 0.00 10582 91.85 0.00
Ca Muni Cash Trust 0.00 16853 0.95 0.00
Mitsubishi Tanabe Pharma Call 0.00 750000 0.12 0.00
Mitsubishi Tanabe Pharma 0.00 750000 0.08 0.00
Mtp 1803 Call Exp 8-9-13 0.00 375000 0.09 0.00
Mtp 1816 Call Exp 8-9-13 0.00 375000 0.09 0.00
Pampa Holding Sa Shs 1 Vote 0.00 150000 0.45 0.00
Fortescue Metal Group Ltd Shs 0.00 59000 4.37 0.00
Mirabela Nickel Ltd Shs 0.00 280250 1.15 0.00
Northern Manganese Ltd Shs 0.00 10000 0.00 0.00
Sp Ausnet Stapled Security 0.00 12000 0.92 0.00
Abg Sundal Collier Asa Shs 0.00 25600 0.59 0.00
Us Savings Bond Series E 0.00 138 2768.12 0.00
Sandvik Ab Shs 0.00 1.83M 12.32 0.00
Nokia A B Ser A 0.00 13900 4.89 0.00
York Select 0.00 61875 10.29 0.00
China Agri Industries Hldgs 0.00 15000 0.73 0.00
Frasers Centrepoint Trust Shs 0.00 100000 1.11 0.00
K Green Trust Units 0.00 122800 0.69 0.00
Singapore Post Ltd Shs 0.00 21000 0.71 0.00
Aet And D Hold No 1 Pty 0.00 3.33M 0.00 0.00
Alliance Bernstein Wealth Fd 0.00 10552 10.71 0.00