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Institutional Investment Manager
MANNING & NAPIER ADVISORS LLC
MANNING & NAPIER ADVISORS LLC (CIK: 0000062039) incorporated in Delaware, located at 290 Woodcliff Drive, Fairport, NY. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q4)
Portfolio Summary: 376 holdings with a total value of $22,660,369,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 HERSHEY CO 113,700 11,816,000 0.05%
152 SWIFT TRANSN CO 408,700 11,699,000 0.05%
153 CBL & ASSOC PPTYS INC 602,299 11,696,000 0.05%
154 HEARTLAND EXPRESS INC COM 432,090 11,669,000 0.05%
155 BOEING CO 88,643 11,521,000 0.05%
156 NETEASE INC 112,370 11,139,000 0.05%
157 FMC 193,560 11,037,000 0.05%
158 KIMBERLY CLARK CORP 95,009 10,976,000 0.05%
159 CHESAPEAKE LODGING TRUSTSH BEN INT 282,972 10,528,000 0.05%
160 CONCHO RESOURCES 105,450 10,517,000 0.05%
161 LILLY ELI & CO 151,482 10,450,000 0.05%
162 ORACLE CORP 231,280 10,400,000 0.05%
163 FRESENIUS MED CARE AG&CO KGA 279,080 10,364,000 0.05%
164 CONTINENTAL RESOURE 268,760 10,308,000 0.05%
165 KITE RLTY GROUP TR 351,384 10,097,000 0.04%
166 PHYSICIANS RLTY TR 603,658 10,019,000 0.04%
167 UNITED PARCEL SERVICE INC 90,118 10,016,000 0.04%
168 PIONEER NAT RES CO 67,210 10,003,000 0.04%
169 LIFE STORAGE 114,199 9,959,000 0.04%
170 LASALLE HOTEL PPTYS 245,983 9,953,000 0.04%
171 DDR CORP 536,413 9,846,000 0.04%
172 KIMCO RLTY CORP 385,459 9,689,000 0.04%
173 Alcatel Lucent Adr 2,699,310 9,582,000 0.04%
174 LAMAR ADVERTISING CO NEW CL A 178,493 9,573,000 0.04%
175 DOW CHEM CO 208,586 9,512,000 0.04%
176 HOST HOTELS & RESORTS INC 392,487 9,328,000 0.04%
177 AGREE RLTY CORP COM 298,844 9,290,000 0.04%
178 PUBLIC STORAGE 48,650 8,991,000 0.04%
179 ALEX REAL ESTATE EQ 98,984 8,783,000 0.04%
180 DIGITAL RLTY TR INC 131,158 8,695,000 0.04%
181 Zillow, Inc. 80,660 8,539,000 0.04%
182 APARTMENT INVT & MGMT CO 223,033 8,284,000 0.04%
183 MID AMER APT CMNTYS INC 109,829 8,200,000 0.04%
184 DIREXION SHS ETF TRUST DAILY 20 YR TREASURY BEAR 257,014 8,154,000 0.04% PRN
185 FLOWSERVE CORP 134,010 8,015,000 0.04%
186 ASSOCIATED ESTATES 342,486 7,948,000 0.04%
187 HYATT HOTELS CORP COM CL A 130,880 7,878,000 0.03%
188 GENERAL GROWTH 278,223 7,825,000 0.03%
189 ESSEX PPTY TR INC 37,836 7,815,000 0.03%
190 EQUITY RESIDENTIAL 107,974 7,755,000 0.03%
191 COLGATE PALMOLIVE CO 111,128 7,688,000 0.03%
192 Equity One Inc Com 301,369 7,641,000 0.03%
193 STATOIL ASA 430,326 7,577,000 0.03%
194 Nielsen Holdings B.V. 168,790 7,549,000 0.03%
195 NTT Domoco Inc 514,290 7,508,000 0.03%
196 DUKE REALTY CORP 371,705 7,506,000 0.03%
197 OCCIDENTAL PETE CORP DEL 92,513 7,457,000 0.03%
198 UDR INC 241,793 7,450,000 0.03%
199 EDUCATION RLTY TR INC 203,243 7,435,000 0.03%
200 AVALONBAY COMM 45,052 7,360,000 0.03%
Page 4 of 8

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0000950123-15-000687, filed 2015.02.02).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.