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 | |
|---|---|---|---|---|---|---|
|
CDK
526
DELISTED
CDK Global, Inc.
CDK
| $45.7M | 0.03% |
956,989
+28,075
| +3% | +$1.42M |
|
527
Mid-America Apartment Communities
MAA
$15.4B
| $45.5M | 0.03% |
555,395
+5,242
| +1% | +$414K |
|
528
UGI
UGI
$7.29B
| $45.3M | 0.03% |
1,301,975
-8,704
| -0.7% | -$304K |
|
|
IHS
529
DELISTED
IHS INC CL-A COM STK
IHS
| $45.1M | 0.03% |
388,874
+3,698
| +1% | +$448K |
|
530
Avery Dennison
AVY
$13.5B
| $45M | 0.03% |
797,684
+31,532
| +4% | +$1.9M |
|
531
Gentex
GNTX
$5.02B
| $44.8M | 0.03% |
2,888,399
+218,177
| +8% | +$3.47M |
|
532
United Rentals
URI
$70.8B
| $44.7M | 0.03% |
745,526
+4,873
| +0.7% | +$338K |
|
533
Alexandria Real Estate Equities
ARE
$8.32B
| $44.6M | 0.03% |
527,290
+5,454
| +1% | +$490K |
|
534
ResMed
RMD
$31.9B
| $44.6M | 0.03% |
876,472
+105,959
| +14% | +$5.7M |
|
535
Leggett & Platt
LEG
$1.29B
| $44.4M | 0.03% |
1,077,807
+24,983
| +2% | +$1.17M |
|
|
BRCD
536
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
| $44.3M | 0.03% |
4,270,308
+462,448
| +12% | +$4.85M |
|
|
MDVN
537
DELISTED
MEDIVATION, INC.
MDVN
| $44.2M | 0.03% |
1,040,814
+22,122
| +2% | +$1.1M |
|
|
HCC
538
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $43.8M | 0.03% |
565,479
+9,784
| +2% | +$757K |
|
539
Fortune Brands Innovations
FBIN
$5.73B
| $43.6M | 0.03% |
1,074,884
+30,047
| +3% | +$1.24M |
|
540
Flowserve
FLS
$10.1B
| $43.6M | 0.03% |
1,061,378
+12,851
| +1% | +$588K |
|
541
AGNC Investment
AGNC
$12.8B
| $43.4M | 0.03% |
2,323,179
-150,825
| -6% | -$2.9M |
|
542
Regency Centers
REG
$13.9B
| $43.4M | 0.03% |
698,092
+3,845
| +0.6% | +$237K |
|
543
Range Resources
RRC
$9.41B
| $43.1M | 0.03% |
1,345,888
+33,215
| +3% | +$1.3M |
|
544
Acuity Brands
AYI
$10.6B
| $43.1M | 0.03% |
245,569
+10,510
| +4% | +$2.04M |
|
|
NFX
545
DELISTED
Newfield Exploration
NFX
| $43.1M | 0.03% |
1,311,070
+29,935
| +2% | +$1M |
|
546
Assurant
AIZ
$14.2B
| $43M | 0.03% |
545,478
+2,170
| +0.4% | +$162K |
|
547
Kilroy Realty
KRC
$4.32B
| $43M | 0.03% |
659,172
+18,680
| +3% | +$1.28M |
|
548
Global Payments
GPN
$22.8B
| $42.9M | 0.03% |
748,510
+22,584
| +3% | +$1.25M |
|
549
Allegion
ALLE
$14.1B
| $42.8M | 0.03% |
743,312
+12,485
| +2% | +$761K |
|
550
Mettler-Toledo International
MTD
$28.6B
| $42.6M | 0.03% |
149,843
-2,227
| -1% | -$704K |
|
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.