Manning & Napier Advisors LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 27, 2025), Manning & Napier Advisors LLC reported 445 stock positions worth $7.8 billion. Its top holding was Microsoft (MSFT) at 4.3% of the portfolio, followed by Unitedhealth (UNH, 3.8%) and Taiwan Semiconductor-SP ADR (TSM, 3.5%). Compared with Q2 2025, it opened 164 new positions, sold out of 23, added to 63 and reduced 207. The biggest buy was a new position in Albemarle (ALB) and the biggest sale Chipotle Mexican Grill (CMG, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- Fairport, NY
- CIK
- 0000062039
- Portfolio Value
- $7.8B (Q3 2025)
- SEC Filing
- 0001999371-25-016177 ↗ filed Oct 27, 2025
Holdings Value
Holdings 445 stocks · $7.8B
| MSFT Microsoft Corp. | 4.26% | 645,204 | $334.2M | Reduce -4.0% |
| UNH Unitedhealth Group Inc. | 3.81% | 865,966 | $299.0M | Add +40.2% |
| TSM Taiwan Semiconductor-SP ADR | 3.53% | 992,259 | $277.1M | Add +30.2% |
| NVDA Nvidia Corp. | 3.49% | 1,465,923 | $273.5M | Add +11.0% |
| CDNS Cadence Design SYS Inc. | 3.22% | 719,318 | $252.7M | Reduce -2.3% |
| AMZN Amazon.com Inc. | 3.17% | 1,119,822 | $248.8M | Reduce -6.8% |
| GOOGL Alphabet Inc. Class A | 3.04% | 977,825 | $238.6M | Reduce -31.4% |
| LHX L3HARRIS Technologies Inc. | 2.94% | 754,454 | $230.4M | Reduce -5.7% |
| MA Mastercard Inc. Class A | 2.89% | 398,259 | $226.5M | Reduce -4.5% |
| META Meta Platforms Inc. Class A | 2.85% | 300,241 | $223.2M | Reduce -4.7% |
| NOW ServiceNow Inc. | 2.60% | 216,346 | $203.5M | Add +37.0% |
| VRTX Vertex Pharmaceuticals Inc. | 2.39% | 474,822 | $187.7M | Add +103.3% |
| V Visa Inc. Class A | 2.03% | 466,914 | $159.4M | Reduce -5.4% |
| CBRE CBRE Group Inc. Class A | 1.80% | 887,837 | $141.1M | Reduce -17.6% |
| TMO Thermo Fisher Scientific Inc. | 1.80% | 290,896 | $141.1M | Reduce -6.9% |
| SQM Quimica Y Minera Chil-SP ADR filed as SOCIEDAD QUIMICA Y MINERA DE | 1.79% | 3,168,322 | $140.0M | Add +6.3% |
| ALB Albemarle Corp. | 1.77% | 1,596,717 | $138.7M | New |
| AZN Astrazeneca PLC-Spons ADR | 1.72% | 1,762,193 | $135.2M | Reduce -18.1% |
| RACE Ferrari NV | 1.69% | 273,092 | $132.5M | Add +2.0% |
| WDAY Workday Inc. Class A | 1.59% | 503,573 | $124.7M | Reduce -2.3% |
| MCO Moody's Corp. | 1.59% | 258,461 | $124.3M | Reduce -5.3% |
| KO The Coca-Cola Co. | 1.58% | 1,873,650 | $124.3M | Reduce -25.3% |
| BSY Bentley Systems Inc. Class B | 1.56% | 2,347,598 | $122.0M | New |
| TRU Transunion | 1.55% | 1,429,864 | $121.9M | Reduce -5.5% |
| HDB HDFC Bank Ltd.-ADR | 1.51% | 3,467,459 | $118.4M | Add +0.5% |
| WFG West Fraser Timber Co. Ltd. | 1.45% | 1,671,846 | $113.7M | Add +91.6% |
| ISRG Intuitive Surgical Inc. | 1.37% | 240,493 | $107.6M | Reduce -3.8% |
| SPGI S&P Global Inc. | 1.16% | 185,233 | $91.0M | Reduce -4.6% |
| NU Nu Holdings Ltd./Cayman Isl-A filed as NU HLDGS LTD | 1.12% | 5,487,582 | $87.9M | Reduce -3.6% |
| VOO Vanguard S&P 500 ETF | 1.10% | 141,093 | $86.4M | Add +2.3% |
| GSK GSK PLC-Spon ADR | 1.02% | 1,851,569 | $79.9M | Add +910.2% |
| APH Amphenol Corp. Class A | 1.00% | 631,373 | $78.1M | Reduce -36.3% |
| TEAM Atlassian Corp. Class A | 1.00% | 472,102 | $78.0M | Add +55.4% |
| SBS Cia Saneamento Basico DE-ADR filed as COMPANHIA DE SANEAMENTO BASI | 0.98% | 3,089,290 | $76.9M | Add +444.8% |
| ROL Rollins Inc. | 0.98% | 1,307,691 | $76.8M | Add +1.9% |
| NDAQ Nasdaq Inc. | 0.97% | 861,664 | $76.4M | Reduce -5.7% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.96% | 521,332 | $75.4M | New |
| MELI MercadoLibre Inc. | 0.87% | 27,242 | $68.1M | Reduce -1.7% |
| SHW The Sherwin-Williams Co. | 0.87% | 196,106 | $67.9M | Reduce -6.1% |
| ICE Intercontinental Exchange Inc. | 0.82% | 381,993 | $64.4M | Add +0.0% |
| HEI.A Heico Corp. Class A | 0.79% | 242,332 | $61.6M | Reduce -48.0% |
| BLK BlackRock Inc. | 0.78% | 52,124 | $61.3M | Reduce -53.8% |
| CWAN Clearwater Analytics HDS-A | 0.74% | 3,194,969 | $58.1M | Add +4.8% |
| SPTI SS SPDR P Int Term TSY ETF | 0.73% | 1,982,008 | $57.3M | Add +8.1% |
| CRM Salesforce Inc. | 0.72% | 231,414 | $56.7M | Reduce -4.0% |
| ZTS Zoetis Inc. | 0.72% | 385,723 | $56.4M | Reduce -4.2% |
| MUB iShares National Muni Bond E | 0.66% | 483,367 | $51.5M | Reduce -4.4% |
| JPM JPMorgan Chase & Co. | 0.55% | 135,446 | $42.8M | Reduce -68.2% |
| VEA Vanguard Ftse Developed ETF | 0.43% | 564,719 | $33.8M | Add +0.9% |
| BND Vanguard Total Bond Market | 0.40% | 425,997 | $31.7M | Reduce -4.5% |
| MBB iShares MBS ETF | 0.40% | 328,643 | $31.3M | Reduce -6.3% |
| VMBS Vanguard Mortgage-Backed Sec | 0.37% | 611,806 | $28.8M | Add +4.8% |
| JNJ Johnson & Johnson | 0.35% | 147,340 | $27.3M | Reduce -43.8% |
| VTEB Vanguard Tax-Exempt Bond ETF | 0.33% | 510,044 | $25.5M | Reduce -6.8% |
| XOM Exxon Mobil Corp. | 0.32% | 218,324 | $24.9M | Reduce -40.7% |
| RSP Invesco S&P 500 Equal Weight | 0.31% | 127,623 | $24.2M | Add +2.1% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.30% | 452,900 | $23.7M | Reduce -33.2% |
| VWO Vanguard Ftse Emerging Marke | 0.29% | 425,801 | $23.1M | Add +3.5% |
| WFC Wells Fargo & Co. | 0.28% | 262,143 | $22.2M | Reduce -45.8% |
| RMOP Rockefeller Opport Muni ETF | 0.27% | 849,300 | $21.2M | Reduce -1.7% |
| USIG iShares Broad Usd Investment | 0.26% | 396,799 | $20.7M | Reduce -7.4% |
| CAT Caterpillar Inc. | 0.26% | 42,140 | $20.1M | Reduce -47.3% |
| SCHD Schwab US DVD Equity ETF | 0.25% | 731,649 | $20.0M | Add +2.0% |
| C Citigroup Inc. | 0.23% | 177,814 | $18.3M | Reduce -51.5% |
| VTI VG Morningstar TS MKT ETF-US | 0.23% | 54,561 | $17.9M | Reduce -1.6% |
| VGLT Vanguard Long-Term Treasury | 0.23% | 309,745 | $17.6M | Add +17.8% |
| MRK Merck & Co. Inc. | 0.20% | 186,754 | $15.7M | Reduce -27.6% |
| ET Energy Transfer LP | 0.20% | 900,000 | $15.4M | Add +30.4% |
| SPSB SS SPDR P St C Corp. ETF | 0.19% | 504,406 | $15.3M | Reduce -5.8% |
| SHEL Shell PLC-ADR | 0.19% | 210,156 | $15.2M | Reduce -5.2% |
| OR Or Royalties Inc. | 0.19% | 374,114 | $15.0M | New |
| SGOV iShares 0-3 Month Treasury B | 0.19% | 147,068 | $14.8M | Add +4.7% |
| SPB Spectrum Brands Holdings Inc. | 0.18% | 275,000 | $14.4M | Add +19.6% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.18% | 21,666 | $14.4M | Reduce -0.4% |
| SPTS SS SPDR P St Term TSY ETF | 0.18% | 490,296 | $14.4M | Add +16.6% |
| QCOM Qualcomm Inc. | 0.17% | 82,388 | $13.7M | Reduce -16.4% |
| GILD Gilead Sciences Inc. | 0.17% | 121,237 | $13.7M | Reduce -46.9% |
| WWW Wolverine World Wide Inc. | 0.16% | 462,577 | $12.7M | Reduce -43.3% |
| PGR Progressive Corp. | 0.16% | 49,629 | $12.3M | Reduce -27.2% |
| COP Conocophillips | 0.16% | 126,832 | $12.2M | Reduce -43.0% |
| LMT Lockheed Martin Corp. | 0.15% | 23,622 | $11.8M | Reduce -45.5% |
| GIGB Goldman Sachs Inv GRD Corp. | 0.15% | 248,309 | $11.6M | Reduce -4.5% |
| NVS Novartis AG-Sponsored ADR | 0.14% | 88,478 | $11.3M | Reduce -7.8% |
| VB Vanguard Most SM-Cap ETF-Usd | 0.14% | 44,217 | $11.2M | Add +3.9% |
| MDT Medtronic PLC | 0.14% | 116,674 | $11.1M | Reduce -49.2% |
| NEM Newmont Corp. | 0.14% | 125,938 | $10.6M | Reduce -29.4% |
| SCCO Southern Copper Corp. | 0.13% | 87,003 | $10.6M | Reduce -25.9% |
| OWL Blue Owl Capital Inc. | 0.13% | 600,000 | $10.2M | Add +57.9% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.13% | 182,201 | $10.1M | Reduce -10.8% |
| GSIE Goldman Sachs Activebeta Int | 0.13% | 242,294 | $10.0M | Add +4.4% |
| USHY iShares Broad Usd High Yield | 0.13% | 260,794 | $9.9M | Reduce -74.0% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.12% | 32,553 | $9.6M | Add +4.9% |
| BMY Bristol-Myers Squibb Co. | 0.12% | 211,054 | $9.5M | Reduce -46.4% |
| VTRS Viatris Inc. | 0.12% | 960,000 | $9.5M | Reduce 0.0% |
| BTI British American Tob-SP ADR | 0.12% | 178,788 | $9.5M | Reduce -5.5% |
| USB US Bancorp | 0.12% | 193,202 | $9.5M | Reduce -44.3% |
| SNY Sanofi-ADR | 0.12% | 196,003 | $9.3M | Add +18.8% |
| BAX Baxter International Inc. | 0.12% | 404,514 | $9.2M | Reduce -11.2% |
| MPC Marathon Petroleum Corp. | 0.11% | 44,337 | $8.7M | Reduce -44.2% |
| EQH Equitable Holdings Inc. | 0.11% | 170,000 | $8.6M | Add +126.7% |
Lines left out (4) · $31 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| IWP iShares Russell Mid-Cap Grow | RUS MD CP GR ETF | 0 | $10 |
| VSS Vanguard Ftse All Wo X-US SC | FTSE SMCAP ETF | 0 | $10 |
| QVAL Alpha Arch US QNT Value ETF | US QUAN VALUE | 0 | $9 |
| CNK Cinemark Holdings Inc. | COM | 0 | $2 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $7.8B.
Portfolio Sells Q2 2025 → Q3 2025
| CMG Chipotle Mexican Grill Inc. | Reduce -99.9% | 0.00% | −1.67 |
| FISV Fiserv Inc. | Reduce -99.9% | 0.00% | −1.60 |
| CNI Canadian Natl Railway Co. | Reduce -99.8% | 0.00% | −1.01 |
| JPM JPMorgan Chase & Co. | Reduce -68.2% | 0.55% | −0.93 |
| CSX CSX Corp. | Reduce -91.6% | 0.10% | −0.90 |
| SNPS Synopsys Inc. | Reduce -99.5% | 0.00% | −0.85 |
| NSC Norfolk Southern Corp. | Reduce -99.7% | 0.00% | −0.81 |
| EXR Extra Space Storage Inc. | Reduce -99.7% | 0.00% | −0.77 |
| UNP Union Pacific Corp. | Reduce -99.8% | 0.00% | −0.72 |
| HEI.A Heico Corp. Class A | Reduce -48.0% | 0.79% | −0.65 |
| BLK BlackRock Inc. | Reduce -53.8% | 0.78% | −0.63 |
| KO The Coca-Cola Co. | Reduce -25.3% | 1.58% | −0.53 |
| CDW CDW Corp. | Reduce -90.3% | 0.04% | −0.37 |
| USHY iShares Broad Usd High Yield | Reduce -74.0% | 0.13% | −0.32 |
| CP Canadian Pacific Kansas City | Reduce -100.0% | 0.00% | −0.26 |
| ISRG Intuitive Surgical Inc. | Reduce -3.8% | 1.37% | −0.25 |
| MSCI MSCI Inc. | Reduce -75.7% | 0.07% | −0.19 |
| WFC Wells Fargo & Co. | Reduce -45.8% | 0.28% | −0.18 |
| APH Amphenol Corp. Class A | Reduce -36.3% | 1.00% | −0.17 |
| XOM Exxon Mobil Corp. | Reduce -40.7% | 0.32% | −0.16 |
| C Citigroup Inc. | Reduce -51.5% | 0.23% | −0.14 |
| RTX RTX Corp. | Reduce -77.6% | 0.05% | −0.13 |
| CVX Chevron Corp. | Reduce -72.7% | 0.06% | −0.13 |
| JNJ Johnson & Johnson | Reduce -43.8% | 0.35% | −0.13 |
| GILD Gilead Sciences Inc. | Reduce -46.9% | 0.17% | −0.13 |
| DE Deere & Co. | Reduce -79.5% | 0.03% | −0.12 |
| CAT Caterpillar Inc. | Reduce -47.3% | 0.26% | −0.11 |
| MDLZ Mondelez International Inc. Class A | Reduce -51.2% | 0.10% | −0.11 |
| MDT Medtronic PLC | Reduce -49.2% | 0.14% | −0.10 |
| BMY Bristol-Myers Squibb Co. | Reduce -46.4% | 0.12% | −0.10 |
| LMT Lockheed Martin Corp. | Reduce -45.5% | 0.15% | −0.09 |
| COP Conocophillips | Reduce -43.0% | 0.16% | −0.08 |
| MMM 3M Co. | Reduce -80.4% | 0.02% | −0.08 |
| BAC Bank of America Corp. | Reduce -33.2% | 0.30% | −0.08 |
| EMR Emerson Electric Co. | Reduce -47.4% | 0.10% | −0.08 |
| ELV Elevance Health Inc. | Reduce -36.7% | 0.10% | −0.08 |
| EOG EOG Resources Inc. | Reduce -44.2% | 0.10% | −0.08 |
| HD Home Depot Inc. | Reduce -96.6% | 0.00% | −0.07 |
| CPRT Copart Inc. | Reduce -99.0% | 0.00% | −0.07 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -18.1% | 1.72% | −0.07 |
| CBOE Cboe Global Markets Inc. | Sold out | 0.00% | −0.07 |
| USB US Bancorp | Reduce -44.3% | 0.12% | −0.07 |
| TRV The Travelers Cos Inc. | Reduce -45.6% | 0.10% | −0.07 |
| ALL Allstate Corp. | Reduce -47.1% | 0.09% | −0.06 |
| PGR Progressive Corp. | Reduce -27.2% | 0.16% | −0.06 |
| TFC Truist Financial Corp. | Reduce -44.8% | 0.10% | −0.06 |
| CTSH Cognizant Tech Solutions-A | Reduce -44.3% | 0.06% | −0.06 |
| CRM Salesforce Inc. | Reduce -4.0% | 0.72% | −0.06 |
| DK Delek US Holdings Inc. | Sold out | 0.00% | −0.06 |
| SPGI S&P Global Inc. | Reduce -4.6% | 1.16% | −0.06 |
Portfolio Buys Q2 2025 → Q3 2025
| ALB Albemarle Corp. | New | 1.77% | +1.77 |
| BSY Bentley Systems Inc. Class B | New | 1.56% | +1.56 |
| UNH Unitedhealth Group Inc. | Add +40.2% | 3.81% | +1.52 |
| TSM Taiwan Semiconductor-SP ADR | Add +30.2% | 3.53% | +1.48 |
| VRTX Vertex Pharmaceuticals Inc. | Add +103.3% | 2.39% | +1.16 |
| NVDA Nvidia Corp. | Add +11.0% | 3.49% | +1.00 |
| TJX TJX Companies Inc. | New | 0.96% | +0.96 |
| GSK GSK PLC-Spon ADR | Add +910.2% | 1.02% | +0.94 |
| SBS Cia Saneamento Basico DE-ADR | Add +444.8% | 0.98% | +0.83 |
| WFG West Fraser Timber Co. Ltd. | Add +91.6% | 1.45% | +0.69 |
| NOW ServiceNow Inc. | Add +37.0% | 2.60% | +0.66 |
| SQM Quimica Y Minera Chil-SP ADR | Add +6.3% | 1.79% | +0.53 |
| TEAM Atlassian Corp. Class A | Add +55.4% | 1.00% | +0.26 |
| OR Or Royalties Inc. | New | 0.19% | +0.19 |
| VOO Vanguard S&P 500 ETF | Add +2.3% | 1.10% | +0.17 |
| RACE Ferrari NV | Add +2.0% | 1.69% | +0.12 |
| ROL Rollins Inc. | Add +1.9% | 0.98% | +0.12 |
| SPTI SS SPDR P Int Term TSY ETF | Add +8.1% | 0.73% | +0.10 |
| FCPT Four Corners Property Trust | New | 0.09% | +0.09 |
| LBRT Liberty Energy Inc. | Add +199.9% | 0.09% | +0.07 |
| CLS Celestica Inc. | New | 0.06% | +0.06 |
| EQH Equitable Holdings Inc. | Add +126.7% | 0.11% | +0.06 |
| VGIT Vanguard Intermediate-Term T | Add +1589.9% | 0.06% | +0.05 |
| VWO Vanguard Ftse Emerging Marke | Add +3.5% | 0.29% | +0.05 |
| VEA Vanguard Ftse Developed ETF | Add +0.9% | 0.43% | +0.05 |
| TGT Target Corp. | Add +225.0% | 0.07% | +0.05 |
| VGLT Vanguard Long-Term Treasury | Add +17.8% | 0.23% | +0.05 |
| ET Energy Transfer LP | Add +30.4% | 0.20% | +0.05 |
| VMBS Vanguard Mortgage-Backed Sec | Add +4.8% | 0.37% | +0.04 |
| TFII Tfi International Inc. | New | 0.04% | +0.04 |
| O Realty Income Corp. | Add +62.0% | 0.09% | +0.04 |
| OWL Blue Owl Capital Inc. | Add +57.9% | 0.13% | +0.04 |
| SEE Sealed Air Corp. | Add +130.3% | 0.06% | +0.04 |
| SPB Spectrum Brands Holdings Inc. | Add +19.6% | 0.18% | +0.04 |
| RSP Invesco S&P 500 Equal Weight | Add +2.1% | 0.31% | +0.04 |
| SPTS SS SPDR P St Term TSY ETF | Add +16.6% | 0.18% | +0.04 |
| OC Owens Corning | Add +332.3% | 0.04% | +0.03 |
| TFI SS SPDR N Ice Muni Bond ETF | New | 0.03% | +0.03 |
| SCHD Schwab US DVD Equity ETF | Add +2.0% | 0.25% | +0.03 |
| SCMB Schwab Municipal Bond ETF | New | 0.03% | +0.03 |
| CLBT Cellebrite Di Ltd. | Add +156.3% | 0.04% | +0.02 |
| VCIT Vanguard Int-Term Corporate | Add +24.7% | 0.09% | +0.02 |
| GPN Global Payments Inc. | Add +39.5% | 0.07% | +0.02 |
| VB Vanguard Most SM-Cap ETF-Usd | Add +3.9% | 0.14% | +0.02 |
| SNY Sanofi-ADR | Add +18.8% | 0.12% | +0.02 |
| SGOV iShares 0-3 Month Treasury B | Add +4.7% | 0.19% | +0.02 |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | Add +4.9% | 0.12% | +0.02 |
| MTB M & T Bank Corp. | Add +79.9% | 0.04% | +0.02 |
| GSIE Goldman Sachs Activebeta Int | Add +4.4% | 0.13% | +0.02 |
| JACK Jack in the Box Inc. | Add +0.4% | 0.09% | +0.02 |
Notes & Other Activity Q2 2025 → Q3 2025
| IWP iShares Russell Mid-Cap Grow | RUS MD CP GR ETF | New | 0 | $10 |
| VSS Vanguard Ftse All Wo X-US SC | FTSE SMCAP ETF | New | 0 | $10 |
| QVAL Alpha Arch US QNT Value ETF | US QUAN VALUE | New | 0 | $9 |
| CNK Cinemark Holdings Inc. | COM | New | 0 | $2 |
| FE Firstenergy Corp. | COM | New | 0 | $0 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 859 | $7.8B | NVDA, MSFT, TSM, AMZN, MA |
| Q1 2026 | 610 | $7.1B | NVDA, MSFT, AMZN, TSM, MA |
| Q4 2025 | 547 | $7.7B | NVDA, MSFT, AMZN, TSM, MA |
| Q3 2025 | 445 | $7.8B | MSFT, UNH, TSM, NVDA, CDNS |
| Q2 2025 | 304 | $8.4B | MSFT, AMZN, GOOGL, MA, META |
| Q1 2025 | 287 | $8.1B | META, MSFT, MA, AMZN, GOOGL |
| Q4 2024 | 273 | $8.8B | META, AMZN, MSFT, MA, GOOGL |
| Q3 2024 | 292 | $9.1B | META, AMZN, MA, GOOGL, JNJ |
| Q2 2024 | 272 | $8.9B | AMZN, GOOGL, META, MA, JNJ |