FM Compounders Equity ETF
FMCE
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 750 N. Saint Paul Street, Suite 250 Dallas TX United States of America 75201
- IPO Date
- Nov 15, 2024
- Website
- inspireetf.com
- Similar Companies
- Business
- FM Compounders Equity ETF (FMCE) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing in 25-35 U.S. publicly traded equities selected through rigorous fundamental research and bottom-up stock picking; the fund targets highly resilient businesses capable of reliably generating and compounding free cash flow, with a focus on high-quality companies, management teams, and durable earnings streams underpinned by competitive advantages. FMCE employs a non-transparent structure utilizing Precidian technology for tax efficiency and competitive fees, providing investors access to First Manhattan's research-driven approach without minimum investment requirements; top holdings include Berkshire Hathaway Inc. Class B, American Express Co., Progressive Corp., Visa Inc. Class A, and Mastercard Inc. Class A, alongside diversified exposure across sectors such as financials, technology, industrials, and consumer staples. The ETF trades on NYSE Arca and is available through broker-dealers, investment advisers, and financial services firms. Launched on November 11, 2024, FMCE represents First Manhattan's second ETF offering following the April 2022 debut of FM Focus Equity ETF (FMCX), marking a strategic expansion into actively managed non-transparent ETFs to broaden access to the firm's $34 billion+ AUM investment advisory platform. Headquartered in New York and founded in 1964, First Manhattan serves as the investment adviser, leveraging a dedicated team of 10 professionals led by Portfolio Manager Himayani Puri, who brings nearly three decades of value-oriented investing experience; the firm maintains a long-term horizon with extensive due diligence, including over 115 annual management meetings and 100 industry expert consultations. No major acquisitions, partnerships, funding rounds, or operational reorganizations have been reported for FMCE in the past year, with portfolio composition reflecting ongoing active management and recent updates to holdings as of mid-2025.