Manning & Napier Advisors Inc. was founded in April 1970 by Bill Manning and Bill Napier. In both first-quarter 2017 and fourth-quarter 2016 the guru bought shares in the following stocks:
Xerox Corp. (XRX)
During the fourth quarter, the guru increased the position by 13.03%. In the first quarter, it increased the holding by 14.07%. The guru holds 0.02% of the company’s outstanding shares.
Xerox is engaged in business process outsourcing and document management solutions. It provides services, technology and expertise to small businesses and enterprises that help to run a business and reduce costs.
Carl Icahn (Trades, Portfolio) is the largest shareholder among the gurus with 9.74% of outstanding shares followed by Jim Simons (Trades, Portfolio) with 1.12%, Bernard Horn (Trades, Portfolio) with 0.04%, Paul Tudor Jones (Trades, Portfolio) with 0.04%, Jeremy Grantham (Trades, Portfolio) with 0.02% and Joel Greenblatt (Trades, Portfolio) with 0.01%.
CA Inc. (CA)
The investor increased its stake by 13.13% during the fourth quarter and by 9.63% in the first quarter. The guru holds 0.02% of the company’s outstanding shares.
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.
The largest shareholder among the gurus is Greenblatt with 0.31% of outstanding shares followed by T Rowe Price Equity Income Fund (Trades, Portfolio) with 0.28%, Private Capital (Trades, Portfolio) with 0.09%, Grantham with 0.06%, John Buckingham (Trades, Portfolio) with 0.05% and Ken Fisher (Trades, Portfolio) with 0.05%.
Viacom Inc. Class BĂ‚ (VIAB)
During the fourth quarter, the guru increased its holding by 5.57% and again by 10.69% in the first quarter of 2017. The guru holds 0.01% of the company’s outstanding shares.
Viacom is an entertainment content company. The company produces and distributes television programming, motion pictures and other creative entertainment content. Its segments are Media Networks and Filmed Entertainment.
Donald Yacktman (Trades, Portfolio) is the largest shareholder among the gurus with 1.08% of outstanding shares followed by John Rogers (Trades, Portfolio) with 0.93%, NWQ Managers (Trades, Portfolio) with 0.72%, Grantham with 0.47%, Steven Cohen (Trades, Portfolio) with 0.37% and Simons with 0.29%.
Best Buy Co. Inc. (BBY)
During the fourth quarter, the guru increased its position in the company by 3.46% and in the first quarter of 2017 increased it by 13.81%. The guru holds 0.02% of the company’s outstanding shares.
Best Buy is a retailer of technology products including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
The largest shareholder among the gurus is Simons with 1.16% of outstanding shares followed by Greenblatt with 0.16%, Grantham with 0.08%, Lee Ainslie (Trades, Portfolio) with 0.02% and Mario Gabelli (Trades, Portfolio) with 0.01%.
Eli Lilly and Co. (LLY)
During the fourth quarter, the guru increased its position by 11.16% and in the first quarter of 2017 increased it again by 22.78%.
Eli Lilly is a drug manufacturing company. It discovers, develops, manufactures and sells human pharmaceutical products and animal health products.
PRIMECAP Management (Trades, Portfolio) is the largest shareholder among the gurus with 5.21% of outstanding shares followed by Vanguard Health Care Fund (Trades, Portfolio) with 2.48%, Sarah Ketterer (Trades, Portfolio) with 0.28%, Fisher with 0.23%, Simons with 0.14%, Pioneer Investments (Trades, Portfolio) with 0.12%, Grantham with 1% and Cohen with 0.09%.
Gap Inc. (GPS)
The guru increased its stake by 19.49% during the fourth quarter and by 9.36% in the first quarter. The guru holds 0.02% of the company’s outstanding shares.
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, Athleta and Intermix brands.
The largest shareholder among the gurus is Barrow, Hanley, Mewhinney & Strauss with 0.88% of outstanding shares followed by Cohen with 0.26%, Greenblatt with 0.24%, Ray Dalio (Trades, Portfolio) with 0.1% and Edward Lampert (Trades, Portfolio) with 0.07%.
Clorox Co. (CLX)
During the fourth quarter, the investor increased the position by 11.06% and in the first quarter increased it by 7.11%. The guru holds 0.02% of the company’s outstanding shares.
Clorox is engaged in manufacturing and marketing consumer and professional products. The company sells its products primarily through grocery and mass retail outlets, e-commerce channels, wholesale distributors and medical supply distributors.
Simons is the largest shareholder among the gurus with 0.75% of outstanding shares followed by Pioneer Investments with 0.68%, Yacktman with 0.06%, Dalio with 0.02% and Greenblatt with 0.01%.
Genuine Parts Co. (GPC)
The firm increased its stake by 19.49% during the fourth quarter and in the first quarter of 2017 added to the position by 9.36%. The guru holds 0.02% of the company’s outstanding shares.
Genuine Parts is a service organization engaged in the distribution of automotive replacement parts, industrial replacement parts, office products and electrical and electronic materials.
The largest shareholder among the gurus is Gabelli with 1.31% of outstanding shares followed by Grantham with 0.32%, Greenblatt with 0.14%, Chuck Royce (Trades, Portfolio) with 0.07%, Cohen with 0.05% and Dodge & Cox with 0.01%.
Fifth Third Bancorp (FITB)
During the fourth quarter the guru increased its stake by 3.10% and in the first quarter increased it by 13.51%. The guru holds 0.01% of the company’s outstanding shares.
Fifth Third Bancorp along with its subsidiaries provides financial products and services such as checking, savings and money market accounts and credit products such as credit cards, installment loans, mortgage loans and leases.
Barrow, Hanley, Mewhinney & Strauss is the largest shareholder among the gurus with 1.28% of outstanding shares followed by T Rowe Price Equity Income Fund with 1.1%, Richard Pzena (Trades, Portfolio) with 0.48%, Eric Mindich (Trades, Portfolio) with 0.31%, HOTCHKIS & WILEY with 0.09%, George Soros (Trades, Portfolio) with 0.07% and Charles Brandes (Trades, Portfolio) with 0.04%.
Disclosure: I do not own any shares of any stocks mentioned in this article.
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