Manning & Napier Advisors - Heavy Selling

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The third quarter portfolio update of Manning & Napier Advisors lists 330 stocks, with 33 new ones. The portfolio's total value is $21.26 billion, with a quarter-over-quarter turnover of 13%. The portfolio is currently weighted with these top three sectors: consumer cyclical at 17.3%, energy at 11.1%, and industrials at 9.7%. The hedge fund has averaged a return of 11.36% over 12 months.

In the third quarter of 2013, Manning & Napier Advisors Inc. sold heavily, reducing or selling out a total of 72 positions. Here's a review of four of the firm's sellouts, as of Sept. 30, 2013.

Rogers Communications Inc. ( RCI ): Sold Out

Up 9% over 12 months, Rogers Communications Inc., the Canadian telecom company, has a market cap of $23.18 billion; its shares were traded at around $45.04 with a P/E of 13.10. The dividend yield is 3.71%.

Guru Action: As of Sept. 30, 2013, of Manning & Napier Advisors Inc. sold out its position, unloading 10,387 shares at an average price of $40.67, gaining 10.7%.

In 12 out of 14 quarters, Manning & Napier made significant gains, most of them double-digit gains 17% or higher. The firm's highest gain was 29.2% in the second quarter of 2010 when it made a new buy of 26,825 shares bought at an average price of $34.87 per share.

Track historical pricing, revenue and net income:



Toyota Motor Corp. ( TM ): Sold Out

Up 64% over 12 months, Toyota Motor Corp. has a market cap of $205.2 billion; its shares were traded at around $129.52 with a P/E of 16.40. The dividend yield is 0.50%.

Guru Action: As of Sept. 30, 2013, of Manning & Napier Advisors Inc. sold out its position, unloading 5,710 shares at an average price of $127.27, gaining 1.8%.

In 10 quarters of gains, Manning & Napier made its highest gain of 97.2% buying 116,836 shares in the fourth quarter of 2011 at an average price of $65.69 per share.

Track historical pricing, revenue and net income:



Tiffany & Co. ( TIF ): Sold Out

Up 22% over 12 months, Tiffany & Co., the jewelry and luxury goods company, has a market cap of $10 billion; its shares were traded at around $78.15 with a P/E of 23.00. The dividend yield is 1.69%.

Guru Action: As of Sept. 30, 2013, of Manning & Napier Advisors Inc. sold out its position, unloading 8,680 shares at an average price of $78.74 per share, for its first loss with the holding of 0.7%.

In seven prior quarters, Manning & Napier made significant gains wit TIF. The firm's highest gain was 272.3% in the first quarter of 2009 when it made a new buy of 93,020 shares bought at an average price of $20.99 per share.

Track historical pricing, revenue and net income:



Astec Industries Inc. ( ASTE ): Sold Out

Up 20% over 12 months, Astec Industries Inc., the farm and construction equipment company, has a market cap of $839.82 million; its shares were traded at around $36.66 with a P/E of 20.10. The dividend yield is 0.54%.

Guru Action: As of Sept. 30, 2013, of Manning & Napier Advisors Inc. sold out its position, unloading 24,670 shares at an average price of $35.60, gaining 3%.

Across 10 quarters of gains, Manning & Napier's highest gain was 28.8% in the third quarter of 2010 when it bought 34,200 shares bought at an average price of $28.46 per share.

Track historical pricing, revenue and net income:



Check out the complete portfolio of Manning & Napier Advisors Inc.



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Stocks

Referenced Stocks: ASTE , RCI , TIF , TM

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