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
|
+$321M |
| 2 |
Medtronic
MDT
|
+$290M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$101M |
| 5 |
Microsoft
MSFT
|
+$97.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWS
SWS GROUP INC
SWS
|
+$970M |
| 2 |
AGN
Allergan Inc
AGN
|
+$459M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$349M |
| 4 |
Eversource Energy
ES
|
+$130M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$93.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.99% |
| 2 | Financials | 14.59% |
| 3 | Technology | 14.54% |
| 4 | Industrials | 10.59% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
376
Universal Health Services
UHS
$10.5B
| $85.9M | 0.05% |
731,196
-7,147
| -1% | -$791K |
|
377
Newmont
NEM
$120B
| $85.5M | 0.05% |
3,944,979
+125,643
| +3% | +$2.94M |
|
|
SPLS
378
DELISTED
Staples Inc
SPLS
| $85.3M | 0.05% |
5,247,676
+199,090
| +4% | +$3.34M |
|
|
CTXS
379
DELISTED
Citrix Systems Inc
CTXS
| $85M | 0.05% |
1,674,153
+94,296
| +6% | +$4.64M |
|
|
DISH
380
DELISTED
DISH Network Corp.
DISH
| $84.9M | 0.05% |
1,212,717
+70,321
| +6% | +$5.19M |
|
381
C.H. Robinson
CHRW
$17.6B
| $84.8M | 0.05% |
1,160,230
+52,851
| +5% | +$3.86M |
|
382
SBA Communications
SBAC
$19.2B
| $83.9M | 0.05% |
717,271
+43,231
| +6% | +$5.1M |
|
383
Eastman Chemical
EMN
$8.31B
| $83M | 0.05% |
1,199,773
-11,667
| -1% | -$842K |
|
|
LLL
384
DELISTED
L3 Technologies, Inc.
LLL
| $82.5M | 0.05% |
656,531
+7,082
| +1% | +$901K |
|
385
Newell Brands
NWL
$2.52B
| $81.8M | 0.05% |
2,097,094
+76,841
| +4% | +$2.96M |
|
|
PLL
386
DELISTED
PALL CORP
PLL
| $81.7M | 0.05% |
815,326
+31,266
| +4% | +$3.16M |
|
387
Wynn Resorts
WYNN
$10.4B
| $81.6M | 0.05% |
649,393
+29,264
| +5% | +$4.18M |
|
388
Ameren
AEE
$29.8B
| $81M | 0.05% |
1,921,909
+69,782
| +4% | +$3.04M |
|
389
Republic Services
RSG
$65.6B
| $80.6M | 0.05% |
1,989,185
+57,584
| +3% | +$2.34M |
|
390
Incyte
INCY
$24.6B
| $80.5M | 0.05% |
879,012
+68,162
| +8% | +$5.63M |
|
|
XEC
391
DELISTED
CIMAREX ENERGY CO
XEC
| $79.4M | 0.05% |
690,754
+34,073
| +5% | +$3.66M |
|
392
Waters Corp
WAT
$40.3B
| $78.6M | 0.04% |
633,454
+23,808
| +4% | +$2.84M |
|
393
Navient
NAVI
$838M
| $78.3M | 0.04% |
3,857,456
+294,871
| +8% | +$6.06M |
|
394
Microchip Technology
MCHP
$45.2B
| $77.9M | 0.04% |
3,191,980
+148,970
| +5% | +$3.59M |
|
395
Oneok
OKE
$55.6B
| $77.7M | 0.04% |
1,613,458
+55,148
| +4% | +$2.52M |
|
396
Expeditors International
EXPD
$23.3B
| $77.7M | 0.04% |
1,614,259
+147,097
| +10% | +$6.77M |
|
|
CSC
397
DELISTED
Computer Sciences
CSC
| $76.7M | 0.04% |
2,793,849
+71,691
| +3% | +$1.98M |
|
398
McCormick & Company Non-Voting
MKC
$14.3B
| $76.1M | 0.04% |
1,977,688
+65,778
| +3% | +$2.44M |
|
399
Expedia Group
EXPE
$36.8B
| $76.1M | 0.04% |
809,797
-4,587
| -0.6% | -$407K |
|
|
QVCGA
400
DELISTED
QVC Group Inc Series A
QVCGA
| $75.8M | 0.04% |
53,526
+709
| +1% | +$988K |
|
Similar funds
Geode Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Geode Capital Management held 4,062 positions worth $175B, up 4.1% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 4.8%. Geode Capital Management opened 82 new positions and exited 115, leaving the 4,062-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Financials and Technology.
- Geode Capital Management's largest Q1 2015 buy was TRIBUNE MEDIA COMPANY CLASS A: 453,455 shares worth $27.6M.
- Geode Capital Management added most to Allergan plc in Q1 2015, an estimated $321M increase.
- Geode Capital Management's biggest Q1 2015 reduction was Vornado Realty Trust, cutting an estimated $8.04M.
- Geode Capital Management fully exited SWS GROUP INC in Q1 2015, selling an estimated $970M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q1 2015.
- Geode Capital Management opened 82 new positions and closed 115 in Q1 2015.
- Geode Capital Management's portfolio value rose 4.1% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q1 2015, filed 14 May 2015.