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 | |
|---|---|---|---|---|---|---|
426
Amdocs
DOX
$6.22B
| $66.9M | 0.04% |
1,176,048
+21,962
| +2% | +$1.26M |
|
|
SPLS
427
DELISTED
Staples Inc
SPLS
| $66.9M | 0.04% |
5,711,336
+444,931
| +8% | +$6.26M |
|
428
Ball Corp
BALL
$16.8B
| $66.7M | 0.04% |
2,150,448
+45,744
| +2% | +$1.55M |
|
429
Palo Alto Networks
PANW
$297B
| $66.7M | 0.04% |
2,328,234
+51,918
| +2% | +$1.53M |
|
430
Masco
MAS
$15.3B
| $66.7M | 0.04% |
2,653,629
-391,471
| -13% | -$10M |
|
431
Lennar Class A
LEN
$21.2B
| $66.6M | 0.04% |
1,457,106
-246
| -0% | -$12.1K |
|
432
Citizens Financial Group
CFG
$30.6B
| $66.3M | 0.04% |
2,778,353
+1,055,152
| +61% | +$27M |
|
433
Church & Dwight Co
CHD
$24.5B
| $66.1M | 0.04% |
1,577,566
-24,490
| -2% | -$1.05M |
|
434
Cheniere Energy
LNG
$52.9B
| $65.5M | 0.04% |
1,356,482
+49,211
| +4% | +$3.04M |
|
435
American Water Works
AWK
$26.9B
| $65.1M | 0.04% |
1,182,710
+25,838
| +2% | +$1.35M |
|
436
International Flavors & Fragrances
IFF
$21.9B
| $65M | 0.04% |
630,776
+5,917
| +0.9% | +$654K |
|
437
Hilton Worldwide
HLT
$71.5B
| $64.8M | 0.04% |
942,035
-7,031
| -0.7% | -$544K |
|
438
Markel Group
MKL
$23.2B
| $64.6M | 0.04% |
80,583
+1,536
| +2% | +$1.3M |
|
|
SCG
439
DELISTED
Scana
SCG
| $64.5M | 0.04% |
1,148,294
+20,690
| +2% | +$1.11M |
|
440
UDR
UDR
$12.3B
| $64.3M | 0.04% |
1,865,136
-10,065
| -0.5% | -$336K |
|
|
ETFC
441
DELISTED
E*Trade Financial Corporation
ETFC
| $64.2M | 0.04% |
2,443,860
+62,789
| +3% | +$1.74M |
|
442
KLA
KLAC
$259B
| $64M | 0.04% |
12,825,520
+2,550
| +0% | +$13.1K |
|
443
Tapestry
TPR
$32.8B
| $63.8M | 0.04% |
2,209,127
+30,272
| +1% | +$936K |
|
444
Digital Realty Trust
DLR
$71.7B
| $63.5M | 0.04% |
972,786
+10,458
| +1% | +$682K |
|
|
GAP
445
The Gap Inc
GAP
$7.37B
| $63.5M | 0.04% |
2,230,470
-134,193
| -6% | -$4.62M |
|
446
Arch Capital
ACGL
$33.6B
| $63.3M | 0.04% |
2,587,737
+18,396
| +0.7% | +$431K |
|
447
Unum
UNM
$14.3B
| $62.9M | 0.04% |
1,963,200
-10,467
| -0.5% | -$361K |
|
448
Darden Restaurants
DRI
$24.4B
| $62.7M | 0.04% |
1,025,535
-110,218
| -10% | -$6.99M |
|
449
CenterPoint Energy
CNP
$26.8B
| $62.2M | 0.04% |
3,455,977
+55,691
| +2% | +$1.04M |
|
450
Ulta Beauty
ULTA
$24.3B
| $62.2M | 0.04% |
381,167
+8,737
| +2% | +$1.44M |
|
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.