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 | |
|---|---|---|---|---|---|---|
426
CenterPoint Energy
CNP
$26.6B
| $68.8M | 0.04% |
3,376,742
+70,600
| +2% | +$1.54M |
|
427
Darden Restaurants
DRI
$24.6B
| $68.7M | 0.04% |
1,109,735
-8,436
| -0.8% | -$472K |
|
428
Robert Half
RHI
$4.3B
| $68.5M | 0.04% |
1,132,989
+62,160
| +6% | +$3.74M |
|
429
Bunge Global
BG
$21.4B
| $68.2M | 0.04% |
828,382
-23,659
| -3% | -$2.02M |
|
|
SWN
430
DELISTED
Southwestern Energy Company
SWN
| $67.9M | 0.04% |
2,932,899
+337,114
| +13% | +$8.37M |
|
431
United Rentals
URI
$71.6B
| $67.3M | 0.04% |
739,850
+9,521
| +1% | +$856K |
|
432
NRG Energy
NRG
$25.3B
| $67.3M | 0.04% |
2,674,291
+110,304
| +4% | +$2.79M |
|
|
ETFC
433
DELISTED
E*Trade Financial Corporation
ETFC
| $67.2M | 0.04% |
2,357,011
+103,836
| +5% | +$2.65M |
|
434
L3Harris
LHX
$54.5B
| $67.1M | 0.04% |
853,789
+28,284
| +3% | +$2.06M |
|
435
Unum
UNM
$14.5B
| $67.1M | 0.04% |
1,992,542
+38,400
| +2% | +$1.27M |
|
436
PVH
PVH
$4.03B
| $67.1M | 0.04% |
630,370
+22,784
| +4% | +$2.47M |
|
437
AES
AES
$10.5B
| $66.8M | 0.04% |
5,203,072
+189,137
| +4% | +$2.37M |
|
438
Liberty Global Class A
LBTYA
$3.47B
| $66.6M | 0.04% |
1,568,976
+78,813
| +5% | +$3.29M |
|
|
MWV
439
DELISTED
MEADWESTVACO CORP
MWV
| $66.2M | 0.04% |
1,329,458
+47,877
| +4% | +$2.38M |
|
440
Fluor
FLR
$7.62B
| $66.1M | 0.04% |
1,159,105
+1,109
| +0.1% | +$63K |
|
|
TGNA
441
DELISTED
TEGNA Inc
TGNA
| $66M | 0.04% |
3,404,291
+103,797
| +3% | +$1.83M |
|
442
Martin Marietta Materials
MLM
$33B
| $65.8M | 0.04% |
471,154
+16,973
| +4% | +$2.18M |
|
443
Range Resources
RRC
$9.29B
| $65.7M | 0.04% |
1,264,859
+25,823
| +2% | +$1.28M |
|
|
ATVI
444
DELISTED
Activision Blizzard
ATVI
| $65.6M | 0.04% |
2,886,798
+28,706
| +1% | +$629K |
|
445
News Corp Class A
NWSA
$15.4B
| $65.6M | 0.04% |
4,100,684
+93,945
| +2% | +$1.52M |
|
|
TRW
446
DELISTED
TRW AUTOMOTIVE HOLDINGS CORP
TRW
| $65.4M | 0.04% |
623,638
+37,769
| +6% | +$3.92M |
|
|
FL
447
DELISTED
Foot Locker
FL
| $65.1M | 0.04% |
1,034,424
+80,377
| +8% | +$4.56M |
|
448
Cincinnati Financial
CINF
$27.1B
| $65.1M | 0.04% |
1,223,087
+66,037
| +6% | +$3.46M |
|
|
CMA
449
DELISTED
Comerica
CMA
| $64.3M | 0.04% |
1,426,638
+30,540
| +2% | +$1.36M |
|
450
Voya Financial
VOYA
$9.28B
| $64M | 0.04% |
1,484,989
+305,941
| +26% | +$12.9M |
|
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.