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 | |
|---|---|---|---|---|---|---|
576
Toll Brothers
TOL
$14B
| $41.4M | 0.02% |
1,052,751
+193,017
| +22% | +$7.05M |
|
577
Mid-America Apartment Communities
MAA
$15.4B
| $41.3M | 0.02% |
534,863
+42,228
| +9% | +$3.24M |
|
578
Packaging Corp of America
PKG
$22.7B
| $41.2M | 0.02% |
526,925
+14,898
| +3% | +$1.18M |
|
|
OCR
579
DELISTED
OMNICARE INC
OCR
| $41.2M | 0.02% |
534,660
+3,956
| +0.7% | +$300K |
|
580
Jack Henry & Associates
JKHY
$11B
| $41M | 0.02% |
586,707
+75,569
| +15% | +$4.94M |
|
|
FRC
581
DELISTED
First Republic Bank
FRC
| $41M | 0.02% |
718,080
+67,384
| +10% | +$3.67M |
|
|
CDK
582
DELISTED
CDK Global, Inc.
CDK
| $40.7M | 0.02% |
870,183
+33,249
| +4% | +$1.52M |
|
|
WWAV
583
DELISTED
The WhiteWave Foods Company
WWAV
| $40.4M | 0.02% |
910,902
+38,557
| +4% | +$1.47M |
|
|
SPLK
584
DELISTED
Splunk Inc
SPLK
| $40.4M | 0.02% |
681,802
+48,870
| +8% | +$2.95M |
|
585
SEI Investments
SEIC
$12.6B
| $40.2M | 0.02% |
911,900
+3,382
| +0.4% | +$142K |
|
586
Ryder
R
$9.98B
| $40M | 0.02% |
422,041
+21,079
| +5% | +$1.94M |
|
587
Reinsurance Group of America
RGA
$15.8B
| $39.7M | 0.02% |
426,138
+42,904
| +11% | +$3.79M |
|
|
FLG
588
Flagstar Bank National Association
FLG
$5.84B
| $39.7M | 0.02% |
791,379
+18,937
| +2% | +$921K |
|
589
Crown Holdings
CCK
$13.1B
| $39.7M | 0.02% |
735,244
+38,626
| +6% | +$1.92M |
|
590
Arthur J. Gallagher & Co
AJG
$64.7B
| $39.7M | 0.02% |
848,391
+76,237
| +10% | +$3.56M |
|
591
Warner Bros
WBD
$67.4B
| $39.7M | 0.02% |
1,291,099
+40,327
| +3% | +$1.27M |
|
592
AutoNation
AN
$6.88B
| $39.4M | 0.02% |
613,858
+51,690
| +9% | +$3.17M |
|
|
PBCT
593
DELISTED
People's United Financial Inc
PBCT
| $39.4M | 0.02% |
2,593,352
+210,594
| +9% | +$3.12M |
|
594
SITE Centers
SITC
$158M
| $39.4M | 0.02% |
1,640,450
+195,422
| +14% | +$4.82M |
|
|
HNT
595
DELISTED
HEALTH NET INC
HNT
| $39.4M | 0.02% |
650,526
+49,906
| +8% | +$2.81M |
|
|
WNR
596
DELISTED
Western Refining Inc
WNR
| $39.1M | 0.02% |
791,002
+234,178
| +42% | +$9.78M |
|
597
Trinity Industries
TRN
$2.3B
| $39M | 0.02% |
1,525,161
+93,285
| +7% | +$2.04M |
|
|
SVC
598
Service Properties Trust
SVC
$1.05B
| $38.9M | 0.02% |
237,592
+28,462
| +14% | +$4.54M |
|
599
Gartner
IT
$12.2B
| $38.9M | 0.02% |
464,093
+11,230
| +2% | +$927K |
|
600
UGI
UGI
$7.29B
| $38.8M | 0.02% |
1,190,982
+190,846
| +19% | +$6.69M |
|
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.