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 |
Apple
AAPL
|
+$202M |
| 2 |
Microsoft
MSFT
|
+$177M |
| 3 |
ExxonMobil
XOM
|
+$151M |
| 4 |
Amazon
AMZN
|
+$143M |
| 5 |
Johnson & Johnson
JNJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$322M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$143M |
| 3 |
Alcoa
AA
|
+$99.8M |
| 4 |
Yum! Brands
YUM
|
+$76.8M |
| 5 |
ITC
ITC HOLDINGS CORP
ITC
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.15% |
| 2 | Technology | 14.96% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.62% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
626
Factset
FDS
$10.1B
| $45M | 0.02% |
275,597
+17,354
| +7% | +$2.77M |
|
627
Sun Communities
SUI
$14.4B
| $45M | 0.02% |
587,032
+68,803
| +13% | +$5.14M |
|
628
Avnet
AVT
$7.99B
| $45M | 0.02% |
944,816
+34,795
| +4% | +$1.55M |
|
629
Toro Company
TTC
$9.4B
| $44.9M | 0.02% |
803,138
+88,672
| +12% | +$4.53M |
|
630
H&R Block
HRB
$5.82B
| $44.9M | 0.02% |
1,955,142
+18,528
| +1% | +$424K |
|
631
RenaissanceRe
RNR
$13.2B
| $44.9M | 0.02% |
329,532
+22
| +0% | +$2.82K |
|
632
MDU Resources
MDU
$4.29B
| $44.6M | 0.02% |
4,074,007
+407,087
| +11% | +$4.21M |
|
633
CoStar Group
CSGP
$12.8B
| $44.4M | 0.02% |
2,358,560
+150,900
| +7% | +$2.96M |
|
|
BEAV
634
DELISTED
B/E Aerospace Inc
BEAV
| $44.3M | 0.02% |
736,866
-29,244
| -4% | -$1.68M |
|
|
TGNA
635
DELISTED
TEGNA Inc
TGNA
| $44.2M | 0.02% |
3,233,802
+121,638
| +4% | +$1.66M |
|
|
DHC
636
Diversified Healthcare Trust
DHC
$2.04B
| $44.2M | 0.02% |
2,333,824
+39,126
| +2% | +$758K |
|
637
Nordson
NDSN
$17.2B
| $43.9M | 0.02% |
391,428
+28,615
| +8% | +$3M |
|
|
LSXMK
638
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $43.8M | 0.02% |
1,697,790
+34,520
| +2% | +$895K |
|
639
Old Dominion Freight Line
ODFL
$44.1B
| $43.8M | 0.02% |
1,532,883
+115,263
| +8% | +$3.09M |
|
|
MFA
640
MFA Financial
MFA
$919M
| $43.8M | 0.02% |
1,435,698
+115,880
| +9% | +$3.48M |
|
641
West Pharmaceutical
WST
$24.8B
| $43.8M | 0.02% |
516,115
+18,315
| +4% | +$1.44M |
|
642
Liberty Broadband Class C
LBRDK
$5.18B
| $43.5M | 0.02% |
588,025
+65,756
| +13% | +$4.62M |
|
|
ENH
643
DELISTED
Endurance Specialty Holdings Ltd
ENH
| $43.5M | 0.02% |
470,389
+8,910
| +2% | +$817K |
|
|
ARRS
644
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $43.5M | 0.02% |
1,442,195
+101,653
| +8% | +$2.95M |
|
645
Cboe Global Markets
CBOE
$29.8B
| $43.2M | 0.02% |
585,178
-14,395
| -2% | -$991K |
|
646
Vail Resorts
MTN
$5.21B
| $43M | 0.02% |
266,527
+20,385
| +8% | +$3.24M |
|
647
Highwoods Properties
HIW
$3.41B
| $42.9M | 0.02% |
841,884
+46,814
| +6% | +$2.29M |
|
648
Gaming and Leisure Properties
GLPI
$12.5B
| $42.9M | 0.02% |
1,401,314
+112,410
| +9% | +$3.52M |
|
|
OPLN
649
Openlane
OPLN
$4.58B
| $42.6M | 0.02% |
2,642,254
+132,602
| +5% | +$2.12M |
|
650
American Eagle Outfitters
AEO
$3.07B
| $42.5M | 0.02% |
2,801,628
+572,402
| +26% | +$9.79M |
|
Similar funds
Geode Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Geode Capital Management held 4,166 positions worth $215B, up 8.3% from $199B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $9B of net new capital in Q4 2016, opening 143 new positions and adding to 3,245 existing holdings. Its largest new stake was Howmet Aerospace: 5,172,703 shares worth $73.5M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alcoa, an estimated $99.8M trimmed.
- Geode Capital Management's largest Q4 2016 buy was Howmet Aerospace: 5,172,703 shares worth $73.5M.
- Geode Capital Management added most to Apple in Q4 2016, an estimated $202M increase.
- Geode Capital Management's biggest Q4 2016 reduction was Alcoa, cutting an estimated $99.8M.
- Geode Capital Management fully exited DONNELLEY R R & SONS CO in Q4 2016, selling an estimated $322M.
- Geode Capital Management's ten largest holdings make up 15% of its $215B portfolio in Q4 2016.
- Geode Capital Management opened 143 new positions and closed 131 in Q4 2016.
- Geode Capital Management's portfolio value rose 8.3% quarter-over-quarter to $215B.
Based on Geode Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.