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 |
Apple
AAPL
|
+$202M |
| 2 |
Microsoft
MSFT
|
+$177M |
| 3 |
ExxonMobil
XOM
|
+$151M |
| 4 |
Amazon
AMZN
|
+$143M |
| 5 |
Johnson & Johnson
JNJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$322M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$143M |
| 3 |
Alcoa
AA
|
+$99.8M |
| 4 |
Yum! Brands
YUM
|
+$76.8M |
| 5 |
ITC
ITC HOLDINGS CORP
ITC
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.15% |
| 2 | Technology | 14.96% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.62% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HIVE
2726
DELISTED
Aerohive Networks
HIVE
| $1.54M | ﹤0.01% |
269,765
+14,657
| +6% | +$81.1K |
|
2727
Oppenheimer Holdings
OPY
$1.23B
| $1.54M | ﹤0.01% |
82,582
-2,184
| -3% | -$36K |
|
2728
FerroAtlántica
GSM
$832M
| $1.53M | ﹤0.01% |
141,771
+30,881
| +28% | +$319K |
|
|
GOLD
2729
DELISTED
Randgold Resources Ltd
GOLD
| $1.53M | ﹤0.01% |
20,096
+1,007
| +5% | +$79.8K |
|
2730
DMC Global
BOOM
$155M
| $1.53M | ﹤0.01% |
96,352
+1,877
| +2% | +$25.2K |
|
|
CETV
2731
DELISTED
Central European Media Enterprises Ltd
CETV
| $1.52M | ﹤0.01% |
598,422
+36,323
| +6% | +$91.3K |
|
|
HUNTU
2732
DELISTED
Hunter Maritime Acquisition Corp. Unit
HUNTU
| $1.52M | ﹤0.01% |
+149,800
| New | +$1.5M |
|
2733
Trade Desk
TTD
$6.34B
| $1.52M | ﹤0.01% |
+548,820
| New | +$1.48M |
|
|
ORC
2734
Orchid Island Capital
ORC
$1.32B
| $1.52M | ﹤0.01% |
27,999
+825
| +3% | +$44K |
|
|
ICD
2735
DELISTED
Independence Contract Drilling, Inc.
ICD
| $1.51M | ﹤0.01% |
11,291
+1,556
| +16% | +$174K |
|
|
QHC
2736
DELISTED
Quorum Health Corporation
QHC
| $1.51M | ﹤0.01% |
207,804
-22,624
| -10% | -$136K |
|
|
ARC
2737
DELISTED
ARC Document Solutions, Inc.
ARC
| $1.51M | ﹤0.01% |
296,728
+14,756
| +5% | +$61.8K |
|
2738
Lantheus
LNTH
$6.57B
| $1.5M | ﹤0.01% |
174,596
+67,655
| +63% | +$604K |
|
2739
Minerva Neurosciences
NERV
$187M
| $1.5M | ﹤0.01% |
15,929
+428
| +3% | +$43.7K |
|
|
PTVCB
2740
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $1.5M | ﹤0.01% |
59,432
+994
| +2% | +$25.2K |
|
|
XTLY
2741
DELISTED
Xactly Corporation
XTLY
| $1.5M | ﹤0.01% |
135,939
+10,370
| +8% | +$135K |
|
2742
Mammoth Energy Services
TUSK
$158M
| $1.49M | ﹤0.01% |
+98,311
| New | +$1.45M |
|
|
CSLT
2743
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $1.48M | ﹤0.01% |
298,310
+7,467
| +3% | +$33.8K |
|
|
LAYN
2744
DELISTED
Layne Christensen Co
LAYN
| $1.48M | ﹤0.01% |
135,842
+4,964
| +4% | +$48K |
|
2745
Atlassian
TEAM
$39.4B
| $1.48M | ﹤0.01% |
61,260
+8,400
| +16% | +$227K |
|
|
TNAV
2746
DELISTED
Telenav Inc.
TNAV
| $1.48M | ﹤0.01% |
209,359
+4,361
| +2% | +$26.6K |
|
2747
Karyopharm Therapeutics
KPTI
$46M
| $1.47M | ﹤0.01% |
10,433
+667
| +7% | +$90.2K |
|
2748
MannKind Corp
MNKD
$1.24B
| $1.47M | ﹤0.01% |
461,991
+15,931
| +4% | +$46.1K |
|
|
AIQ
2749
DELISTED
Alliance Healthcare Services
AIQ
| $1.47M | ﹤0.01% |
153,181
+6,551
| +4% | +$53.3K |
|
2750
XBiotech
XBIT
$75M
| $1.47M | ﹤0.01% |
145,252
+2,212
| +2% | +$29.4K |
|
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Geode Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Geode Capital Management held 4,166 positions worth $215B, up 8.3% from $199B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $9B of net new capital in Q4 2016, opening 143 new positions and adding to 3,245 existing holdings. Its largest new stake was Howmet Aerospace: 5,172,703 shares worth $73.5M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alcoa, an estimated $99.8M trimmed.
- Geode Capital Management's largest Q4 2016 buy was Howmet Aerospace: 5,172,703 shares worth $73.5M.
- Geode Capital Management added most to Apple in Q4 2016, an estimated $202M increase.
- Geode Capital Management's biggest Q4 2016 reduction was Alcoa, cutting an estimated $99.8M.
- Geode Capital Management fully exited DONNELLEY R R & SONS CO in Q4 2016, selling an estimated $322M.
- Geode Capital Management's ten largest holdings make up 15% of its $215B portfolio in Q4 2016.
- Geode Capital Management opened 143 new positions and closed 131 in Q4 2016.
- Geode Capital Management's portfolio value rose 8.3% quarter-over-quarter to $215B.
Based on Geode Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.