Geode Capital Management Portfolio holdings
Geode Capital Management, founded in 2001 and based in Boston, Massachusetts, is a prominent institutional asset management firm known for its expertise in low-cost, systematic index investing. Originally established to manage internal index funds for Fidelity Investments, Geode became an independent entity while retaining a close relationship with Fidelity, focusing on passive investment strategies that track major market indices. The firm oversees hundreds of billions in assets, offering a range of mutual funds and separately managed accounts primarily for institutional clients, such as pension funds and endowments, with an emphasis on minimizing costs and maximizing efficiency. Geode’s disciplined, quantitative approach and avoidance of active management have made it a key player in the rise of index-based investing.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$963M |
| 2 |
Kraft Heinz
KHC
|
+$367M |
| 3 |
PayPal
PYPL
|
+$328M |
| 4 |
AT&T
T
|
+$279M |
| 5 |
Monster Beverage
MNST
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$394M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$366M |
| 3 |
eBay
EBAY
|
+$327M |
| 4 |
Comcast
CMCSA
|
+$172M |
| 5 |
Baxter International
BAX
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.36% |
| 2 | Healthcare | 14.66% |
| 3 | Technology | 14.28% |
| 4 | Industrials | 10.17% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Analog Devices
ADI
$190B
| $149M | 0.09% |
2,648,568
+131,607
| +5% | +$7.65M |
|
227
Xcel Energy
XEL
$48.8B
| $148M | 0.09% |
4,193,789
+49,833
| +1% | +$1.69M |
|
|
GGP
228
DELISTED
GGP Inc.
GGP
| $145M | 0.09% |
5,589,951
-379,224
| -6% | -$9.96M |
|
|
229
Baxter International
BAX
$14.2B
| $145M | 0.09% |
4,410,944
-3,282,518
| -43% | -$124M |
|
|
PXD
230
DELISTED
Pioneer Natural Resource Co.
PXD
| $144M | 0.09% |
1,188,815
+8,612
| +0.7% | +$1.07M |
|
231
Paychex
PAYX
$42.7B
| $144M | 0.09% |
3,022,707
+181,042
| +6% | +$8.44M |
|
232
Illumina
ILMN
$28.4B
| $144M | 0.09% |
839,800
+14,367
| +2% | +$2.9M |
|
|
SIAL
233
DELISTED
SIGMA - ALDRICH CORP
SIAL
| $143M | 0.09% |
1,034,372
+7,090
| +0.7% | +$989K |
|
234
Cummins
CMI
$88.7B
| $143M | 0.09% |
1,322,210
+42,307
| +3% | +$5.23M |
|
235
Macy's
M
$6.68B
| $140M | 0.08% |
2,725,126
-93,893
| -3% | -$5.89M |
|
236
Sherwin-Williams
SHW
$89.8B
| $139M | 0.08% |
1,881,030
-22,512
| -1% | -$1.97M |
|
|
ATVI
237
DELISTED
Activision Blizzard
ATVI
| $139M | 0.08% |
4,515,166
+834,505
| +23% | +$23.3M |
|
|
SE
238
DELISTED
Spectra Energy Corp Wi
SE
| $138M | 0.08% |
5,282,259
+60,478
| +1% | +$1.76M |
|
239
Conagra Brands
CAG
$7.23B
| $138M | 0.08% |
4,397,266
-21,341
| -0.5% | -$716K |
|
240
Moody's
MCO
$82.7B
| $138M | 0.08% |
1,410,779
-9,123
| -0.6% | -$971K |
|
241
Essex Property Trust
ESS
$18.5B
| $138M | 0.08% |
619,446
+1,260
| +0.2% | +$278K |
|
242
Tesla
TSLA
$1.3T
| $137M | 0.08% |
8,294,895
+4,785
| +0.1% | +$81.3K |
|
243
Intuitive Surgical
ISRG
$134B
| $137M | 0.08% |
2,693,385
+31,671
| +1% | +$1.79M |
|
244
Estee Lauder
EL
$32B
| $137M | 0.08% |
1,702,012
+37,717
| +2% | +$3.16M |
|
245
WEC Energy
WEC
$35.1B
| $136M | 0.08% |
2,609,841
-25,184
| -1% | -$1.23M |
|
246
Liberty Global Class C
LBTYK
$3.49B
| $136M | 0.08% |
3,809,105
-153,792
| -4% | -$6.22M |
|
247
Under Armour
UAA
$2.6B
| $135M | 0.08% |
2,789,688
+195,118
| +8% | +$9.27M |
|
|
PARA
248
DELISTED
Paramount Global Class B
PARA
| $134M | 0.08% |
3,369,228
-20,019
| -0.6% | -$971K |
|
|
VIAB
249
DELISTED
Viacom Inc. Class B
VIAB
| $133M | 0.08% |
3,094,221
+232,895
| +8% | +$11.5M |
|
|
BXLT
250
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $133M | 0.08% |
+4,230,083
| New | +$146M |
|
Similar funds
Geode Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Geode Capital Management held 4,216 positions worth $165B, down 5.9% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q3 2015 filing shows 234 new, 2,897 increased, 624 reduced and 88 closed positions. Its largest new stake was Allergan plc: 3,134,775 shares worth $850M. The largest sale was KRAFT FOODS GROUP INC COM STK (VA), an estimated $394M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q3 2015 buy was Allergan plc: 3,134,775 shares worth $850M.
- Geode Capital Management added most to AT&T in Q3 2015, an estimated $279M increase.
- Geode Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $327M.
- Geode Capital Management fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $394M.
- Geode Capital Management's ten largest holdings make up 15% of its $165B portfolio in Q3 2015.
- Geode Capital Management opened 234 new positions and closed 88 in Q3 2015.
- Geode Capital Management's portfolio value fell 5.9% quarter-over-quarter to $165B.
Based on Geode Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.