Manning & Napier Advisors, Inc Buys Bristol-Myers Squibb Company, Regeneron Pharmaceuticals Inc, Biomarin Pharmaceutical Inc, Sells Time Warner Inc, Qualcomm Inc, Cerner Corp

• New Purchases: BMY, REGN, CPB, JNK, SFM, ZTS, CTSH, INCY, CXW, MNST,
• Added Positions: BMRN, NLSN, ALXN, VRTX, NVS, NOW, FB, SWKS, HYG, AMZN,
• Reduced Positions: TWX, QCOM, CERN, YUM, TRIP, AAPL, RYAAY, EA, DVA, SLM,
• Sold Out: RLGY, AZPN, LVLT, PCTY, EVTC, TEF, FLT, CMG, BNFT, PEI,

For the details of Manning & Napier Advisors, Inc's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Manning+%26+Napier+Advisors%2C+Inc

1. Schlumberger Ltd (SLB) - 6,052,538 shares, 3.32% of the total portfolio. Shares reduced by 5.41%
2. Medtronic PLC (MDT) - 6,772,888 shares, 3.16% of the total portfolio. Shares added by 1.71%
3. ServiceNow Inc (NOW) - 6,133,757 shares, 2.98% of the total portfolio. Shares added by 20.40%
4. Unilever PLC (UL) - 10,896,727 shares, 2.9% of the total portfolio. Shares added by 1.25%
5. Monsanto Co (MON) - 4,138,663 shares, 2.85% of the total portfolio. Shares reduced by 3.36%

Manning & Napier Advisors, Inc initiated holdings in Bristol-Myers Squibb Company. The purchase prices were between $49.23 and $59.61, with an estimated average price of $54.67. The stock is now traded at around $50.07. The impact to the portfolio due to this purchase was 1.17%. The holdings were 3,060,280 shares as of 2016-12-31.

Manning & Napier Advisors, Inc initiated holdings in Regeneron Pharmaceuticals Inc. The purchase prices were between $336.01 and $444.52, with an estimated average price of $380.27. The stock is now traded at around $355.94. The impact to the portfolio due to this purchase was 1.06%. The holdings were 440,316 shares as of 2016-12-31.

Manning & Napier Advisors, Inc initiated holdings in Campbell Soup Co. The purchase prices were between $52.61 and $60.95, with an estimated average price of $56.05. The stock is now traded at around $62.86. The impact to the portfolio due to this purchase was 0.76%. The holdings were 1,921,950 shares as of 2016-12-31.

Manning & Napier Advisors, Inc initiated holdings in SPDR Bloomberg Barclays High Yield Bond. The purchase prices were between $35.13 and $36.87, with an estimated average price of $36.25. The stock is now traded at around $36.72. The impact to the portfolio due to this purchase was 0.41%. The holdings were 1,731,100 shares as of 2016-12-31.

Manning & Napier Advisors, Inc initiated holdings in Sprouts Farmers Market Inc. The purchase prices were between $18.92 and $22.57, with an estimated average price of $21.01. The stock is now traded at around $18.91. The impact to the portfolio due to this purchase was 0.23%. The holdings were 1,819,340 shares as of 2016-12-31.

Manning & Napier Advisors, Inc initiated holdings in Zoetis Inc. The purchase prices were between $47.25 and $53.78, with an estimated average price of $50.84. The stock is now traded at around $53.75. The impact to the portfolio due to this purchase was 0.1%. The holdings were 290,660 shares as of 2016-12-31.

Manning & Napier Advisors, Inc added to the holdings in Biomarin Pharmaceutical Inc by 1324.01%. The purchase prices were between $78.62 and $95.92, with an estimated average price of $86. The stock is now traded at around $83.30. The impact to the portfolio due to this purchase was 1.02%. The holdings were 2,027,930 shares as of 2016-12-31.

Manning & Napier Advisors, Inc added to the holdings in Nielsen Holdings PLC by 225.90%. The purchase prices were between $41.95 and $54.93, with an estimated average price of $45.95. The stock is now traded at around $40.55. The impact to the portfolio due to this purchase was 0.98%. The holdings were 5,164,979 shares as of 2016-12-31.

Manning & Napier Advisors, Inc added to the holdings in Alexion Pharmaceuticals Inc by 1142.33%. The purchase prices were between $110.01 and $135.59, with an estimated average price of $122.36. The stock is now traded at around $131.81. The impact to the portfolio due to this purchase was 0.97%. The holdings were 1,324,444 shares as of 2016-12-31.

Manning & Napier Advisors, Inc added to the holdings in Vertex Pharmaceuticals Inc by 1391.53%. The purchase prices were between $72.02 and $95.36, with an estimated average price of $81.37. The stock is now traded at around $80.38. The impact to the portfolio due to this purchase was 0.95%. The holdings were 2,126,020 shares as of 2016-12-31.

Manning & Napier Advisors, Inc added to the holdings in Novartis AG by 48.02%. The purchase prices were between $67.59 and $79.13, with an estimated average price of $72.39. The stock is now traded at around $70.15. The impact to the portfolio due to this purchase was 0.86%. The holdings were 5,554,008 shares as of 2016-12-31.

Manning & Napier Advisors, Inc added to the holdings in ServiceNow Inc by 20.40%. The purchase prices were between $74.34 and $87.91, with an estimated average price of $80.69. The stock is now traded at around $82.63. The impact to the portfolio due to this purchase was 0.5%. The holdings were 6,133,757 shares as of 2016-12-31.

Manning & Napier Advisors, Inc sold out the holdings in Realogy Holdings Corp. The sale prices were between $22.2 and $27.19, with an estimated average price of $24.74.

Manning & Napier Advisors, Inc sold out the holdings in Aspen Technology Inc. The sale prices were between $46.07 and $55.09, with an estimated average price of $50.6.

Manning & Napier Advisors, Inc sold out the holdings in Level 3 Communications Inc. The sale prices were between $45.09 and $57.2, with an estimated average price of $52.82.

Manning & Napier Advisors, Inc sold out the holdings in Paylocity Holding Corp. The sale prices were between $30.01 and $46.02, with an estimated average price of $37.23.

Manning & Napier Advisors, Inc sold out the holdings in Evertec Inc. The sale prices were between $14.2 and $18.5, with an estimated average price of $16.55.

Manning & Napier Advisors, Inc sold out the holdings in Benefitfocus Inc. The sale prices were between $24.8 and $42.2, with an estimated average price of $31.9.

Manning & Napier Advisors, Inc reduced to the holdings in Time Warner Inc by 72.81%. The sale prices were between $78.57 and $96.74, with an estimated average price of $89.02. The stock is now traded at around $96.23. The impact to the portfolio due to this sale was -2.02%. Manning & Napier Advisors, Inc still held 1,549,365 shares as of 2016-12-31.

Manning & Napier Advisors, Inc reduced to the holdings in Qualcomm Inc by 95.37%. The sale prices were between $64.16 and $70.09, with an estimated average price of $67.18. The stock is now traded at around $55.61. The impact to the portfolio due to this sale was -1.89%. Manning & Napier Advisors, Inc still held 219,275 shares as of 2016-12-31.

Manning & Napier Advisors, Inc reduced to the holdings in Cerner Corp by 52.78%. The sale prices were between $47.37 and $61.79, with an estimated average price of $53.08. The stock is now traded at around $50.85. The impact to the portfolio due to this sale was -1.63%. Manning & Napier Advisors, Inc still held 3,870,904 shares as of 2016-12-31.

Manning & Napier Advisors, Inc reduced to the holdings in Yum Brands Inc by 72.2%. The sale prices were between $59.7 and $65.25, with an estimated average price of $62.77. The stock is now traded at around $63.93. The impact to the portfolio due to this sale was -1.09%. Manning & Napier Advisors, Inc still held 755,941 shares as of 2016-12-31.

Manning & Napier Advisors, Inc reduced to the holdings in TripAdvisor Inc by 90.07%. The sale prices were between $46.28 and $65.87, with an estimated average price of $54.99. The stock is now traded at around $51.33. The impact to the portfolio due to this sale was -0.79%. Manning & Napier Advisors, Inc still held 226,650 shares as of 2016-12-31.

Manning & Napier Advisors, Inc reduced to the holdings in Apple Inc by 25.85%. The sale prices were between $105.71 and $118.25, with an estimated average price of $113.4. The stock is now traded at around $119.87. The impact to the portfolio due to this sale was -0.63%. Manning & Napier Advisors, Inc still held 2,621,056 shares as of 2016-12-31.