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 | |
|---|---|---|---|---|---|---|
|
OPLN
651
Openlane
OPLN
$4.58B
| $33.7M | 0.02% |
2,344,252
+418,599
| +22% | +$5.67M |
|
652
Community Health Systems
CYH
$415M
| $33.5M | 0.02% |
776,440
+40,270
| +5% | +$1.67M |
|
653
Middleby
MIDD
$5.89B
| $33.3M | 0.02% |
324,887
+20,362
| +7% | +$2.07M |
|
|
SUNE
654
DELISTED
SUNEDISON, INC COM
SUNE
| $33.3M | 0.02% |
1,388,130
+88,106
| +7% | +$1.89M |
|
|
ACC
655
DELISTED
American Campus Communities, Inc.
ACC
| $33.2M | 0.02% |
774,433
+77,752
| +11% | +$3.33M |
|
656
East-West Bancorp
EWBC
$18.1B
| $33.2M | 0.02% |
820,164
+45,108
| +6% | +$1.76M |
|
|
VAL
657
DELISTED
Valspar
VAL
| $33.1M | 0.02% |
394,350
+3,094
| +0.8% | +$266K |
|
|
HCC
658
DELISTED
HCC INSURANCES HOLDINGS INC
HCC
| $33.1M | 0.02% |
583,485
+29,991
| +5% | +$1.66M |
|
659
Equity Lifestyle Properties
ELS
$12.5B
| $33M | 0.02% |
1,200,916
+58,150
| +5% | +$1.59M |
|
|
WCN
660
Waste Connections
WCN
$41.9B
| $32.8M | 0.02% |
1,023,324
+53,805
| +6% | +$1.64M |
|
661
Arrow Electronics
ARW
$10.3B
| $32.8M | 0.02% |
536,994
+820
| +0.2% | +$48.8K |
|
662
Synchrony
SYF
$25.4B
| $32.6M | 0.02% |
1,074,868
+100,665
| +10% | +$3.14M |
|
663
Albemarle
ALB
$15.5B
| $32.6M | 0.02% |
616,523
+44,771
| +8% | +$2.45M |
|
|
DRC
664
DELISTED
DRESSER-RAND GROUP INC
DRC
| $32.6M | 0.02% |
405,152
+17,629
| +5% | +$1.43M |
|
|
BMR
665
DELISTED
BIOMED REALTY TRUST INC
BMR
| $32.5M | 0.02% |
1,435,257
+203,413
| +17% | +$4.67M |
|
|
HUB.B
666
DELISTED
HUBBELL INC CL-B
HUB.B
| $32.5M | 0.02% |
296,464
+9,900
| +3% | +$1.09M |
|
|
LVNTA
667
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $32.5M | 0.02% |
772,571
+24,057
| +3% | +$934K |
|
668
Global Payments
GPN
$22.8B
| $32.4M | 0.02% |
706,942
+1,828
| +0.3% | +$81.5K |
|
669
GameStop
GME
$8.43B
| $32.3M | 0.02% |
3,410,988
+100,020
| +3% | +$940K |
|
670
Dick's Sporting Goods
DKS
$19.2B
| $32.3M | 0.02% |
566,468
-10,548
| -2% | -$578K |
|
671
Maximus
MMS
$2.9B
| $32.2M | 0.02% |
482,964
+96,075
| +25% | +$5.71M |
|
672
Dana Inc
DAN
$3.21B
| $32.1M | 0.02% |
1,518,428
+135,980
| +10% | +$2.94M |
|
673
IDEX
IEX
$17.2B
| $32.1M | 0.02% |
423,710
+6,932
| +2% | +$522K |
|
674
Lincoln Electric
LECO
$15.1B
| $32M | 0.02% |
490,108
+30,068
| +7% | +$2.04M |
|
675
Fossil Group
FOSL
$317M
| $32M | 0.02% |
388,617
+18,475
| +5% | +$1.7M |
|
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.