Manning & Napier Advisors Inc. was founded in April 1970 by Bill Manning and Bill Napier. In both the second and third quarters, the guru bought the following stocks:
In the second quarter, the guru increased its stake in CA Inc. by 46.14% and increased it by 0.70% in the third quarter. The guru holds 0.02% of outstanding shares in the company.
CA is a provider of enterprise information technology software and solutions. It develops and delivers software and services that help organizations manage and secure their IT infrastructures and deliver more flexible IT services. Second-quarter revenue increased 1% and GAAP income from continuing operations grew 23% year over year. The company reported a 15% increase in non-GAAP income.
The largest shareholder among the gurus is Jim Simons (Trades, Portfolio) with 0.29% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.28%, Joel Greenblatt (Trades, Portfolio) with 0.25%, Jeremy Grantham (Trades, Portfolio) with 0.11%, Private Capital (Trades, Portfolio) with 0.1%, Ken Fisher (Trades, Portfolio) with 0.07% and John Buckingham (Trades, Portfolio) with 0.05%.
In the second quarter, the guru increased its stake by 46.70% and slightly increased it by 0.82% in the third quarter. The guru holds 0.01% of outstanding shares in the stock. Clorox is engaged in the manufacturing and marketing of consumer and professional products. The company operates through four segments: Cleaning, Household, Lifestyle and International.
Pioneer Investments (Trades, Portfolio) is the largest shareholder among the gurus with 0.32% of outstanding shares followed by Simons with 0.24% and Donald Yacktman (Trades, Portfolio) with 0.06%.
Genuine Parts Co. (GPC, Financial)
During the second quarter, the guru increased its position by 21.14% and increased it by 3.83% in the third quarter. The guru holds 0.02% of outstanding shares in the company. Genuine Parts is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical and electronic materials. Total sales in the second quarter were down 1% from the prior year.
The largest shareholder among the gurus is Mario Gabelli (Trades, Portfolio) with 1.39% of outstanding shares followed by Grantham with 0.27%, Greenblatt with 0.17%, Chuck Royce (Trades, Portfolio) with 0.08% and Dodge & Cox with 0.01%.
In the second quarter, the guru increased its position by 21.14% and again by 3.83% in third quarter. The guru holds 0.02% of outstanding shares in the stock.
Gap is an apparel retail company. It offers apparel, accessories and personal care products for men, women, children and babies under the Gap, Old Navy, Banana Republic, Piperlime, Athleta and Intermix brands. Net sales for the second quarter of fiscal 2016 were $3.85 billion, as compared with $3.90 billion for the second quarter of fiscal 2015.
Edward Lampert (Trades, Portfolio) is the largest shareholder among the gurus with 0.86% of outstanding shares followed by Steven Cohen (Trades, Portfolio) with 0.18%, Louis Moore Bacon (Trades, Portfolio) with 0.15%, Greenblatt with 0.13%, Dalio with 0.09% and Grantham with 0.03%.
In the second quarter, the guru increased its stake in Nucor by 60.11% and by 0.77% in the third quarter. The guru holds 0.01% of outstanding shares in the company.
Nucor, along with its affiliates, manufactures steel and steel products. It also produces direct reduced iron for use in the company's steel mills. Recently, the company announced that it has closed on its acquisition of Independence Tube Corp. for approximately $435 million. In the second quarter, consolidated net earnings were $270.0 million, or 84 cents per diluted share, and net earnings were $233.8 million, or 73 cents per diluted share.
The largest shareholder among the gurus is T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.91% of outstanding shares followed by Simons with 0.29%, Caxton Associates (Trades, Portfolio) with 0.16%, George Soros (Trades, Portfolio) with 0.07%, Stanley Druckenmiller (Trades, Portfolio) with 0.06%, Dalio with 0.06% and Pioneer Investments (Trades, Portfolio) with 0.05%.
Parker Hannifin Corp. (PH, Financial)
In the second quarter, the guru increased its stake by 65.91% and then added 0.54% in the third quarter. The guru holds 0.01% of outstanding shares in the stock. The company is a diversified manufacturer of motion and control technologies and systems that provide precision engineering solutions for the mobile, industrial and aerospace markets.
Richard Pzena (Trades, Portfolio) is the largest shareholder among the gurus with 2.87% of outstanding shares followed by Bill Nygren (Trades, Portfolio) with 1.82%, Hotchkis & Wiley with 1.69%, Diamond Hill Capital (Trades, Portfolio) with 1.65%, Greenblatt with 0.21%, Dalio with 0.1% and Tom Gayner (Trades, Portfolio) with 0.04%.
Rockwell Automation Inc. (ROK, Financial)
In the second quarter, the guru increased its position by 52.35% and again by 0.72% in the third quarter. Manning & Napier holds 0.01% of outstanding shares in the stock.
Rockwell is a provider of industrial automation power, control and information solutions. It operates in two segments: architecture and software and control products and solutions. Third-quarter sales were down 6.4% from the third quarter of fiscal 2015, and organic sales declined 4.8%. Currency translation reduced sales by 1.8%.
The largest shareholder among the gurus is PRIMECAP Management (Trades, Portfolio) with 0.81% of outstanding shares followed by Grantham with 0.44%, Gabelli with 0.25%, Greenblatt with 0.12%, Druckenmiller with 0.1%, Fisher with 0.09%, Gayner with 0.05%, Royce with 0.03% and Dalio with 0.02%.
In the second quarter, the guru increased its position by 17.33% and by 0.70% in the third quarter. The guru holds 0.32% of outstanding shares in the stock.
Cummins designs, manufactures, distributes and services diesel and natural gas engines, electric power generation systems and engine-related component products. During the last quarter, revenues decreased 9% from the same quarter in 2015 and earnings before interest and taxes (EBIT) were $398 million, or 9.5% of sales, in the third quarter.
Hotchkis & Wiley is the largest shareholder among the gurus with 3.45% of outstanding shares followed by Nygren with 1.61%, First Eagle Investment (Trades, Portfolio) with 1.14%, T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.63%, Greenblatt with 0.17% and Buckingham with 0.03%.
Dr Pepper Snapple Group Inc. (DPS, Financial)
During the second quarter, the firm increased its position by 43.38% and increased it by 0.75% in the third quarter. The firm currently holds 0.02% of outstanding shares in the stock. Dr Pepper manufactures and distributes nonalcoholic beverages in the U.S., Canada and Mexico. It products include carbonated soft drinks and non-carbonated beverages such as ready-to-drink teas, juice drinks, mixers and water.
The largest shareholder among the gurus is Grantham with 1.07% of outstanding shares followed by Gabelli with 0.73%, Pioneer with 0.54%, Simons with 0.43%, Greenblatt with 0.16%, Paul Tudor Jones (Trades, Portfolio) with 0.12% and Jeff Auxier (Trades, Portfolio) with 0.04%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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