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 | |
|---|---|---|---|---|---|---|
|
ANSS
501
DELISTED
Ansys
ANSS
| $50.4M | 0.03% |
572,423
+19,886
| +4% | +$1.83M |
|
|
TE
502
DELISTED
TECO ENERGY INC
TE
| $49.8M | 0.03% |
1,900,067
+34,665
| +2% | +$776K |
|
503
Pultegroup
PHM
$24.8B
| $49.8M | 0.03% |
2,644,399
+26,543
| +1% | +$540K |
|
504
Fluor
FLR
$7.3B
| $49.4M | 0.03% |
1,168,478
-8,919
| -0.8% | -$418K |
|
505
MGM Resorts International
MGM
$10.9B
| $49.4M | 0.03% |
2,678,466
+299,977
| +13% | +$6M |
|
506
Autoliv
ALV
$8.92B
| $49.1M | 0.03% |
625,927
-2,770
| -0.4% | -$209K |
|
507
Voya Financial
VOYA
$9.09B
| $48.9M | 0.03% |
1,263,033
-189,754
| -13% | -$8.34M |
|
508
Xylem
XYL
$28.3B
| $48.8M | 0.03% |
1,487,070
+25,786
| +2% | +$868K |
|
509
Everest Group
EG
$14.2B
| $48.7M | 0.03% |
281,232
+8,344
| +3% | +$1.51M |
|
510
Wabtec
WAB
$49.7B
| $48.5M | 0.03% |
551,124
+22,628
| +4% | +$2.16M |
|
|
DRE
511
DELISTED
Duke Realty Corp.
DRE
| $48.3M | 0.03% |
2,538,975
+58,631
| +2% | +$1.12M |
|
|
AMTD
512
DELISTED
TD Ameritrade Holding Corp
AMTD
| $48.2M | 0.03% |
1,515,587
+20,285
| +1% | +$711K |
|
513
Centene
CNC
$32.9B
| $47.9M | 0.03% |
1,767,932
+161,224
| +10% | +$5.4M |
|
|
Y
514
DELISTED
Alleghany Corp
Y
| $47.9M | 0.03% |
102,288
+6,222
| +6% | +$2.99M |
|
|
ARG
515
DELISTED
Airgas Inc
ARG
| $47.7M | 0.03% |
534,557
+3,356
| +0.6% | +$333K |
|
516
Jazz Pharmaceuticals
JAZZ
$16.7B
| $47.6M | 0.03% |
358,599
+5,858
| +2% | +$1.01M |
|
517
Zions Bancorporation
ZION
$10.3B
| $47.5M | 0.03% |
1,727,083
+35,682
| +2% | +$1.06M |
|
518
Navient
NAVI
$796M
| $47.4M | 0.03% |
4,225,898
+245,382
| +6% | +$3.59M |
|
|
SNI
519
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
| $47.4M | 0.03% |
965,620
+85,117
| +10% | +$4.91M |
|
520
Polaris
PII
$3.97B
| $47.3M | 0.03% |
394,767
+13,522
| +4% | +$1.84M |
|
521
NiSource
NI
$20B
| $47M | 0.03% |
2,539,278
-3,808,924
| -60% | -$65.2M |
|
522
Camden Property Trust
CPT
$11B
| $47M | 0.03% |
636,547
+2,168
| +0.3% | +$164K |
|
|
FTR
523
DELISTED
Frontier Communications Corp.
FTR
| $46.9M | 0.03% |
659,730
+28,339
| +4% | +$2.15M |
|
|
FLG
524
Flagstar Bank National Association
FLG
$5.84B
| $46.5M | 0.03% |
859,117
+27,554
| +3% | +$1.5M |
|
|
CPGX
525
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $46.2M | 0.03% |
+2,532,709
| New | +$66M |
|
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.