Manning & Napier 13F annual report
Manning & Napier is an investment fund managing more than $8 billion ran by Sarah Turner. There are currently 189 companies in Mrs. Turner’s portfolio. The largest investments include Amazon.com and Mastercard, together worth $673 million.
$8 billion Assets Under Management (AUM)
As of 8th April 2024, Manning & Napier’s top holding is 2,121,032 shares of Amazon.com currently worth over $383 million and making up 4.8% of the portfolio value.
Relative to the number of outstanding shares of Amazon.com, Manning & Napier owns more than approximately 0.1% of the company.
In addition, the fund holds 602,056 shares of Mastercard worth $290 million, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Alphabet Inc worth $278 million and the next is Taiwan Semiconductor Mfg Ltd worth $256 million, with 1,883,134 shares owned.
Currently, Manning & Napier's portfolio is worth at least $8 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Manning & Napier
The Manning & Napier office and employees reside in Fairport, New York. According to the last 13-F report filed with the SEC, Sarah Turner serves as the Corporate Secretary at Manning & Napier.
Recent trades
In the most recent 13F filing, Manning & Napier revealed that it had opened a new position in
Philip Morris International Inc and bought 1,575,966 shares worth $144 million.
This means they effectively own approximately 0.1% of the company.
Philip Morris International Inc makes up
23.2%
of the fund's Consumer Staples sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Astrazeneca plc by buying
31,857 additional shares.
This makes their stake in Astrazeneca plc total 2,811,069 shares worth $190 million.
Astrazeneca plc dropped approximately 0.1% in the past year.
On the other hand, there are companies that Manning & Napier is getting rid of from its portfolio.
Manning & Napier closed its position in Nike on 15th April 2024.
It sold the previously owned 824,471 shares for $89.5 billion.
Sarah Turner also disclosed a decreased stake in Amazon.com by approximately 0.1%.
This leaves the value of the investment at $383 million and 2,121,032 shares.
One of the smallest hedge funds
The two most similar investment funds to Manning & Napier are Fjarde Ap-fonden fourth Swedish National Pension Fund and Warburg Pincus & Co. They manage $7.99 billion and $7.95 billion respectively.
Sarah Turner investment strategy
Manning & Napier’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Technology — making up 19.4% of
the total portfolio value.
The fund focuses on investments in the United States as
55.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
65% of the total holdings value.
On the other hand, small-cap stocks make up only 1.1% of the portfolio.
The average market cap of the portfolio companies is close to $108 billion.
The complete list of Manning & Napier trades based on 13F SEC filings
These positions were updated on April 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Nike, Inc. |
Closed
824,471
|
$89,512,817,000 | |
| Snowflake Inc. |
Closed
58,374
|
$11,616,426,000 | |
| Rentokil Initial Plc-sp Adr |
Closed
309,318
|
$8,849,588,000 | |
| Lululemon - Adr |
Closed
14,240
|
$7,280,770,000 | |
| Getty Realty Corp. |
Closed
124,910
|
$3,649,870,000 | |
| Apartment Income REIT Corp. |
Closed
92,293
|
$3,205,336,000 | |
| Essex Property Trust, Inc. |
Closed
10,090
|
$2,501,715,000 | |
| Amazon.com Inc. |
3.31%
2,121,032
|
$382,590,000 | 4.78% |
| Mastercard Incorporated |
3.21%
602,056
|
$289,931,000 | 3.62% |
| Alphabet Inc |
0.57%
1,840,138
|
$277,730,000 | 3.47% |
| Taiwan Semiconductor Mfg Ltd |
0.09%
1,883,134
|
$256,198,000 | 3.20% |
| Johnson Johnson |
2.37%
1,585,872
|
$250,868,000 | 3.14% |
| Micron Technology Inc. |
27.25%
2,115,762
|
$249,426,000 | 3.12% |
| L3Harris Technologies Inc |
2.55%
1,034,068
|
$220,358,000 | 2.75% |
| Visa Inc |
0.57%
778,931
|
$217,383,000 | 2.72% |
| Meta Platforms Inc |
21.44%
442,037
|
$214,643,000 | 2.68% |
| Astrazeneca plc |
1.15%
2,811,069
|
$190,448,000 | 2.38% |
| Coca-Cola Co |
1.72%
3,100,925
|
$189,713,000 | 2.37% |
| Electronic Arts, Inc. |
1.15%
1,362,015
|
$180,697,000 | 2.26% |
| Microsoft Corporation |
1.44%
367,855
|
$154,763,000 | 1.93% |
| Moodys Corp |
2.01%
391,783
|
$153,982,000 | 1.92% |
| HDFC Bank Ltd. |
191.20%
2,611,308
|
$146,153,000 | 1.83% |
| Philip Morris International Inc |
Opened
1,575,966
|
$144,388,000 | 1.80% |
| Canadian Natl Ry Co |
46.37%
980,681
|
$129,163,000 | 1.61% |
| Constellation Brands, Inc. |
119.32%
465,867
|
$126,602,000 | 1.58% |
| Intercontinental Exchange In |
11.49%
916,843
|
$126,000,000 | 1.58% |
| Evergy Inc |
0.11%
2,181,289
|
$116,437,000 | 1.46% |
| Medtronic Plc |
13.15%
1,332,282
|
$116,108,000 | 1.45% |
| Jpmorgan Chase Co |
10.81%
532,154
|
$106,589,000 | 1.33% |
| Copart, Inc. |
0.51%
1,829,319
|
$105,953,000 | 1.32% |
| Sp Global Inc |
32.32%
245,041
|
$104,250,000 | 1.30% |
| Union Pac Corp |
4.01%
417,837
|
$102,757,000 | 1.28% |
| Unitedhealth Group Inc |
176.91%
204,445
|
$101,138,000 | 1.26% |
| Novartis AG |
1.39%
1,042,426
|
$100,832,000 | 1.26% |
| Biomarin Pharmaceutical Inc. |
0.76%
1,153,785
|
$100,769,000 | 1.26% |
| Northrop Grumman Corp. |
6.28%
210,218
|
$100,621,000 | 1.26% |
| CSX Corp. |
41.67%
2,683,212
|
$99,465,000 | 1.24% |
| Humana Inc. |
394.02%
285,161
|
$98,870,000 | 1.24% |
| ServiceNow Inc |
31.92%
127,346
|
$97,087,000 | 1.21% |
| Vertex Pharmaceuticals, Inc. |
3.24%
229,630
|
$95,986,000 | 1.20% |
| Masco Corp. |
26.59%
1,176,589
|
$92,809,000 | 1.16% |
| Alcon Ag |
0.51%
1,097,519
|
$91,411,000 | 1.14% |
| Equinix Inc |
10.65%
109,997
|
$90,783,000 | 1.13% |
| Intuitive Surgical Inc |
5.98%
217,264
|
$86,706,000 | 1.08% |
| Thermo Fisher Scientific Inc. |
1.13%
143,805
|
$83,579,000 | 1.04% |
| Mondelez International Inc. |
1.26%
1,117,242
|
$78,206,000 | 0.98% |
| Home Depot, Inc. |
7.87%
171,773
|
$65,890,000 | 0.82% |
| Broadcom Inc. |
9.87%
48,533
|
$64,325,000 | 0.80% |
| Merck Co Inc |
9.30%
433,356
|
$57,180,000 | 0.71% |
| Applied Matls Inc |
7.71%
249,450
|
$51,442,000 | 0.64% |
| Salesforce Inc |
37.96%
162,616
|
$48,976,000 | 0.61% |
| SBA Communications Corp |
0.16%
220,197
|
$47,715,000 | 0.60% |
| Caterpillar Inc. |
8.51%
128,283
|
$47,006,000 | 0.59% |
| Exxon Mobil Corp. |
8.36%
404,094
|
$46,971,000 | 0.59% |
| Qualcomm, Inc. |
8.77%
244,186
|
$41,339,000 | 0.52% |
| NVIDIA Corp |
Opened
45,710
|
$41,301,000 | 0.52% |
| Chevron Corp. |
7.98%
256,740
|
$40,497,000 | 0.51% |
| MercadoLibre Inc |
2.73%
25,717
|
$38,881,000 | 0.49% |
| Bank America Corp |
7.20%
1,024,482
|
$38,847,000 | 0.49% |
| Cisco Sys Inc |
7.27%
775,791
|
$38,717,000 | 0.48% |
| Prologis Inc |
9.24%
278,936
|
$36,322,000 | 0.45% |
| Comcast Corp New |
8.49%
821,007
|
$35,589,000 | 0.44% |
| Honeywell International Inc |
8.19%
151,619
|
$31,119,000 | 0.39% |
| Abbott Labs |
9.01%
272,030
|
$30,918,000 | 0.39% |
| Wells Fargo Co New |
9.32%
529,805
|
$30,706,000 | 0.38% |
| Citigroup Inc |
8.67%
469,431
|
$29,686,000 | 0.37% |
| Intuit Inc |
4.14%
44,992
|
$29,244,000 | 0.37% |
| Norfolk Southn Corp |
1.41%
113,029
|
$28,806,000 | 0.36% |
| Conocophillips |
7.93%
219,721
|
$27,965,000 | 0.35% |
| International Business Machs |
7.88%
141,376
|
$26,997,000 | 0.34% |
| Texas Instrs Inc |
8.07%
154,934
|
$26,990,000 | 0.34% |
| Analog Devices Inc. |
7.24%
133,213
|
$26,347,000 | 0.33% |
| Lockheed Martin Corp. |
8.82%
57,883
|
$26,328,000 | 0.33% |
| Marathon Pete Corp |
8.59%
118,863
|
$23,949,000 | 0.30% |
| Bristol-Myers Squibb Co. |
7.89%
425,781
|
$23,089,000 | 0.29% |
| Idexx Labs Inc |
79.10%
42,423
|
$22,904,000 | 0.29% |
| Pfizer Inc. |
6.16%
820,365
|
$22,764,000 | 0.28% |
| Gilead Sciences, Inc. |
7.90%
307,930
|
$22,555,000 | 0.28% |
| General Dynamics Corp. |
8.99%
76,747
|
$21,680,000 | 0.27% |
| United Parcel Service, Inc. |
7.62%
145,816
|
$21,671,000 | 0.27% |
| RTX Corp |
9.53%
214,243
|
$20,894,000 | 0.26% |
| Colgate-Palmolive Co. |
9.23%
227,797
|
$20,513,000 | 0.26% |
| Emerson Elec Co |
9.05%
174,379
|
$19,778,000 | 0.25% |
| Us Bancorp Del |
6.67%
405,393
|
$18,120,000 | 0.23% |
| Boston Scientific Corp. |
13.84%
258,118
|
$17,677,000 | 0.22% |
| Atlassian Corporation |
15.88%
89,155
|
$17,393,000 | 0.22% |
| Travelers Companies Inc. |
9.95%
74,601
|
$17,168,000 | 0.21% |
| Sony Group Corp |
3.26%
200,114
|
$17,157,000 | 0.21% |
| CVS Health Corp |
56.93%
209,719
|
$16,726,000 | 0.21% |
| Eog Res Inc |
8.18%
128,143
|
$16,381,000 | 0.20% |
| 3M Co. |
7.14%
152,246
|
$16,147,000 | 0.20% |
| Cummins Inc. |
10.48%
53,018
|
$15,620,000 | 0.20% |
| Phillips 66 |
7.42%
93,752
|
$15,312,000 | 0.19% |
| Schlumberger Ltd. |
8.37%
264,731
|
$14,509,000 | 0.18% |
| Public Storage |
0.92%
48,611
|
$14,099,000 | 0.18% |
| Fedex Corp |
8.30%
48,475
|
$14,044,000 | 0.18% |
| Sun Cmntys Inc |
4.52%
107,265
|
$13,790,000 | 0.17% |
| Globant S.A. |
41.65%
67,213
|
$13,568,000 | 0.17% |
| Invitation Homes Inc |
0.38%
378,194
|
$13,466,000 | 0.17% |
| Microchip Technology, Inc. |
7.94%
148,132
|
$13,288,000 | 0.17% |
| Welltower Inc. |
30.21%
140,713
|
$13,147,000 | 0.16% |
| General Mls Inc |
8.83%
183,252
|
$12,821,000 | 0.16% |
| Valero Energy Corp. |
8.61%
73,944
|
$12,620,000 | 0.16% |
| TE Connectivity Ltd |
8.30%
86,277
|
$12,530,000 | 0.16% |
| Truist Finl Corp |
8.23%
280,236
|
$10,922,000 | 0.14% |
| Dow Inc |
8.97%
186,921
|
$10,828,000 | 0.14% |
| Rexford Indl Rlty Inc |
2.41%
213,089
|
$10,716,000 | 0.13% |
| Avalonbay Cmntys Inc |
0.28%
56,868
|
$10,551,000 | 0.13% |
| Archer Daniels Midland Co. |
8.89%
167,805
|
$10,539,000 | 0.13% |
| Shell Plc |
8.59%
154,707
|
$10,371,000 | 0.13% |
| Broadridge Finl Solutions In |
6.84%
49,428
|
$10,125,000 | 0.13% |
| American Tower Corp. |
13.23%
50,102
|
$9,898,000 | 0.12% |
| Netapp Inc |
9.48%
94,238
|
$9,892,000 | 0.12% |
| Fifth Third Bancorp |
6.57%
265,862
|
$9,892,000 | 0.12% |
| Ppg Inds Inc |
7.97%
66,371
|
$9,617,000 | 0.12% |
| Unilever plc |
94.35%
188,179
|
$9,444,000 | 0.12% |
| Terreno Rlty Corp |
20.16%
141,473
|
$9,393,000 | 0.12% |
| Kraft Heinz Co |
9.26%
253,559
|
$9,355,000 | 0.12% |
| Extra Space Storage Inc. |
0.65%
63,165
|
$9,284,000 | 0.12% |
| Sysco Corp. |
9.24%
114,219
|
$9,271,000 | 0.12% |
| Equity Lifestyle Pptys Inc |
7.17%
142,246
|
$9,159,000 | 0.11% |
| Cognizant Technology Solutio |
8.47%
123,512
|
$9,051,000 | 0.11% |
| Genuine Parts Co. |
8.52%
57,905
|
$8,970,000 | 0.11% |
| Devon Energy Corp. |
8.04%
178,587
|
$8,960,000 | 0.11% |
| EBay Inc. |
10.75%
168,040
|
$8,869,000 | 0.11% |
| Halliburton Co. |
8.44%
224,543
|
$8,851,000 | 0.11% |
| LXP Industrial Trust |
24.07%
960,521
|
$8,663,000 | 0.11% |
| TotalEnergies SE |
8.41%
122,229
|
$8,413,000 | 0.11% |
| Regions Financial Corp. |
7.07%
393,218
|
$8,272,000 | 0.10% |
| American Homes 4 Rent |
25.76%
216,774
|
$7,972,000 | 0.10% |
| Progressive Corp. |
5.63%
38,199
|
$7,899,000 | 0.10% |
| Agree Rlty Corp |
15.47%
134,642
|
$7,688,000 | 0.10% |
| Diamondback Energy Inc |
13.31%
37,826
|
$7,495,000 | 0.09% |
| International Flavorsfragra |
7.84%
86,407
|
$7,429,000 | 0.09% |
| Tyson Foods, Inc. |
7.92%
124,104
|
$7,287,000 | 0.09% |
| Sanofi |
9.08%
144,121
|
$7,004,000 | 0.09% |
| Corning, Inc. |
8.79%
211,750
|
$6,978,000 | 0.09% |
| Realty Income Corp. |
11.62%
126,588
|
$6,846,000 | 0.09% |
| Baxter International Inc. |
8.86%
154,031
|
$6,582,000 | 0.08% |
| CRH Plc |
9.71%
74,334
|
$6,412,000 | 0.08% |
| BP plc |
9.25%
169,406
|
$6,383,000 | 0.08% |
| Hartford Finl Svcs Group Inc |
10.64%
60,253
|
$6,208,000 | 0.08% |
| Omnicom Group, Inc. |
7.74%
63,764
|
$6,168,000 | 0.08% |
| Honda Motor |
9.14%
165,542
|
$6,163,000 | 0.08% |
| Equity Residential |
Opened
88,021
|
$5,553,000 | 0.07% |
| Packaging Corp Amer |
7.62%
29,141
|
$5,529,000 | 0.07% |
| Canadian Nat Res Ltd |
9.56%
71,015
|
$5,419,000 | 0.07% |
| Monarch Casino Resort Inc |
0.02%
70,316
|
$5,272,000 | 0.07% |
| Coterra Energy Inc |
9.77%
184,287
|
$5,136,000 | 0.06% |
| British Amern Tob Plc |
7.40%
163,271
|
$4,979,000 | 0.06% |
| Quest Diagnostics, Inc. |
7.88%
37,061
|
$4,932,000 | 0.06% |
| Stellantis N.V |
9.54%
171,371
|
$4,849,000 | 0.06% |
| Digital Rlty Tr Inc |
Opened
33,400
|
$4,810,000 | 0.06% |
| Ventas Inc |
25.91%
106,636
|
$4,641,000 | 0.06% |
| Crown Castle Inc |
0.18%
43,529
|
$4,605,000 | 0.06% |
| Bunge Global SA |
10.44%
44,559
|
$4,567,000 | 0.06% |
| Digitalbridge Group Inc |
Opened
231,088
|
$4,451,000 | 0.06% |
| Skyworks Solutions, Inc. |
6.33%
40,829
|
$4,422,000 | 0.06% |
| Epam Sys Inc |
0.70%
15,779
|
$4,356,000 | 0.05% |
| Americold Realty Trust Inc |
52.92%
174,123
|
$4,338,000 | 0.05% |
| Huntington Bancshares, Inc. |
6.74%
310,929
|
$4,336,000 | 0.05% |
| Campbell Soup Co. |
9.37%
96,999
|
$4,310,000 | 0.05% |
| Equifax, Inc. |
Opened
16,058
|
$4,295,000 | 0.05% |
| Smucker J M Co |
9.15%
34,047
|
$4,284,000 | 0.05% |
| Conagra Brands Inc |
9.68%
143,513
|
$4,253,000 | 0.05% |
| FMC Corp. |
97.00%
66,071
|
$4,208,000 | 0.05% |
| Equinor ASA |
7.97%
151,217
|
$4,087,000 | 0.05% |
| Marriott Vacations Worldwide Corp |
15.14%
37,481
|
$4,036,000 | 0.05% |
| Equity Comwlth |
27.40%
211,664
|
$3,995,000 | 0.05% |
| Marathon Oil Corporation |
9.07%
138,385
|
$3,921,000 | 0.05% |
| Cboe Global Mkts Inc |
94.93%
21,214
|
$3,897,000 | 0.05% |
| Nxp Semiconductors N V |
9.68%
15,419
|
$3,820,000 | 0.05% |
| Eni S P A |
8.15%
119,479
|
$3,789,000 | 0.05% |
| Takeda Pharmaceutical Co |
8.76%
271,786
|
$3,775,000 | 0.05% |
| Kellanova Co |
9.56%
65,857
|
$3,772,000 | 0.05% |
| Suncor Energy, Inc. |
8.75%
100,763
|
$3,719,000 | 0.05% |
| Infosys Ltd |
9.02%
207,189
|
$3,714,000 | 0.05% |
| C.H. Robinson Worldwide, Inc. |
6.86%
45,421
|
$3,457,000 | 0.04% |
| UDR Inc |
0.26%
89,834
|
$3,359,000 | 0.04% |
| TransUnion |
Opened
41,859
|
$3,339,000 | 0.04% |
| Blackrock Inc. |
0.91%
3,934
|
$3,278,000 | 0.04% |
| Mid-amer Apt Cmntys Inc |
29.04%
24,244
|
$3,189,000 | 0.04% |
| First Indl Rlty Tr Inc |
Opened
58,722
|
$3,084,000 | 0.04% |
| Vale S.A. |
8.69%
232,185
|
$2,830,000 | 0.04% |
| Fomento Economico Mexicano S |
9.45%
21,500
|
$2,800,000 | 0.04% |
| Vtex |
Opened
323,831
|
$2,645,000 | 0.03% |
| Imperial Oil Ltd. |
9.41%
38,145
|
$2,636,000 | 0.03% |
| Cenovus Energy Inc |
8.57%
124,046
|
$2,479,000 | 0.03% |
| Nutrien Ltd |
6.18%
44,108
|
$2,395,000 | 0.03% |
| Woodside Energy Group Ltd |
8.67%
113,729
|
$2,271,000 | 0.03% |
| P T Telekomunikasi Indonesia |
6.57%
100,088
|
$2,227,000 | 0.03% |
| Coca-cola Europacific Partne |
9.02%
31,304
|
$2,189,000 | 0.03% |
| Magna International Inc. |
9.10%
38,273
|
$2,085,000 | 0.03% |
| Paramount Global |
6.72%
171,922
|
$2,022,000 | 0.03% |
| Carrier Global Corporation |
No change
7,930
|
$460,000 | 0.01% |
| Otis Worldwide Corporation |
No change
2,424
|
$240,000 | 0.00% |
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Hedge funds similar to Manning & Napier
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