Manning & Napier Advisors portfolio

What changed this quarter

738 positions with a change (267 new, 227 added to, 229 trimmed, 15 sold); also, 1 entered through an IPO, 5 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• Knight-Swift Transportation Holdings+2.2 ppof portfolioNew
  — → 2.2%
• Tenet Healthcare+2.2 ppof portfolioNew
  — → 2.2%
• Vanguard Intermediate-term T ETF+384%more sharesIncreased
  0.6% → 2.5%
• Vanguard Long-term Treasury ETF+373%more sharesIncreased
  0.5% → 2.2%
• Ametek+1.5 ppof portfolioNew
  — → 1.5%
• Vertex Pharmaceuticals−99%fewer sharesReduced
  1.4% → under 0.1%
• TransUnion−99.8%fewer sharesReduced
  1.2% → under 0.1%
• Cadence Design Systems−55%fewer sharesReduced
  1.4% → 0.8%
• Taiwan Semiconductor Manufacturing−20%fewer sharesReduced
  3.5% → 3.6%
• Companhia De Saneamento Basico DO Estado De SAO Paulo-sabesp−89%fewer sharesReduced
  1.1% → 0.1%
• NVIDIA−15%fewer sharesReduced
  5.3% → 4.7%
• Amazon.com−20%fewer sharesReduced
  3.7% → 3.1%

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• NVIDIANVDA4.7%
• MicrosoftMSFT4.2%
• Taiwan Semiconductor ManufacturingTSM3.6%
• Amazon.comAMZN3.1%
• MastercardMA2.9%
• AlphabetGOOGL2.9%
• VisaV2.7%
• Vanguard Intermediate-term T ETFVGIT2.5%
• Meta PlatformsMETA2.5%
• United Parcel ServiceUPS2.5%
• Applied MaterialsAMAT2.4%
• Knight-Swift Transportation HoldingsKNX2.2%
• Vanguard Long-term Treasury ETFVGLT2.2%
• Tenet HealthcareTHC2.2%
• Nu HoldingsNU2.2%
• ASML HoldingASML2.1%
• Lam ResearchLRCX2.0%
• Molina HealthcareMOH2.0%
• TJXTJX1.9%
• Elevance HealthELV1.8%
• UnitedHealth GroupUNH1.5%
• AmetekAME1.5%
• Vanguard S&P 500 ETFVOO1.5%
• HeicoHEI/A1.5%
• Cooper CompaniesCOO1.4%
• Spotify TechnologySPOT1.3%
• ServiceNowNOW1.3%
• BlackRockBLK1.3%
• CBRE GroupCBRE1.3%
• MercadoLibreMELI1.2%
• Graphic Packaging HoldingGPK1.1%
• West Fraser TimberWFG1.1%
• State Street SPDR P Int Term TSY ETFSPTI1.0%
• AmphenolAPH0.9%
• RollinsROL0.8%
• Cadence Design SystemsCDNS0.8%
• iShares National Muni Bond E ETFMUB0.7%
• SanofiSNY0.7%
• WeyerhaeuserWY0.7%
• Moody'sMCO0.7%
• Booking HoldingsBKNG0.7%
• NasdaqNDAQ0.6%
• Invesco Exchange Traded Fund TRSP0.6%
• Vanguard Ftse Developed ETFVEA0.6%
• Vanguard Total Bond Market ETFBND0.6%
• State Street SPDR P Int C Corp ETFSPIB0.5%
• Vanguard Mortgage-backed Sec ETFVMBS0.5%
• Vanguard Index FundsVTI0.5%
• Vanguard International Equity Index FVWO0.5%
• Vanguard Tax-exempt Bond ETFVTEB0.4%
• State Street SPDR P St C Corp ETFSPSB0.4%
• JPMorgan ChaseJPM0.4%
• Vanguard Most Sm-cap ETF-usd ETFVB0.4%
• Cardinal HealthCAH0.4%
• Schwab US DVD Equity ETFSCHD0.4%
• Spectrum Brands HoldingsSPB0.3%
• iShares Broad USD High Yield ETFUSHY0.3%
• Schwab US Reit ETFSCHH0.3%
• ViatrisVTRS0.3%
• CencoraCOR0.3%
• iShares 0-3 Month Treasury B ETFSGOV0.3%
• McKESSONMCK0.3%
• MerckMRK0.3%
• AbbVieABBV0.3%
• Energy TransferET0.3%
• AppleAAPL0.3%
• State Street SPDR P St Term TSY ETFSPTS0.2%
• Bank of AmericaBAC0.2%
• Tidal Trust IIIRMOP0.2%
• CitigroupC0.2%
• iShares MBS ETFMBB0.2%
• Home DepotHD0.2%
• Dell TechnologiesDELL0.2%
• Wells FargoWFC0.2%
• QualcommQCOM0.2%
• Vaneck ETF TrustEMLC0.2%
• iShares High Yield Systemati ETFHYDB0.2%
• Goldman Sachs INV GRD ETFGIGB0.2%
• Goldman Sachs Activebeta Int ETFGSIE0.2%
• Vanguard Index FundsVO0.2%
• State Str Spdr S&P 500 ETF TSPY0.2%
• GSKGSK0.2%
• Gilead SciencesGILD0.2%
• BroadcomAVGO0.2%
• NovartisNVS0.1%
• Schwab U.s. Tips ETFSCHP0.1%
• Wolverine World WideWWW0.1%
• ProgressivePGR0.1%
• HSBC HoldingsHSBC0.1%
• Verizon CommunicationsVZ0.1%
• British American Tobacco p.l.c.BTI0.1%
• T-mobile USTMUS0.1%
• Vanguard Int-term Corporate ETFVCIT0.1%
• Bristol-myers SquibbBMY0.1%
• Realty IncomeO0.1%
• ConocoPhillipsCOP0.1%
• Four Corners Property TrustFCPT0.1%
• CVS HealthCVS0.1%
• PNC Financial Services GroupPNC0.1%