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 | |
|---|---|---|---|---|---|---|
701
Owens Corning
OC
$12.2B
| $29.1M | 0.02% |
694,682
+25,293
| +4% | +$1.11M |
|
702
Tenet Healthcare
THC
$20.9B
| $29M | 0.02% |
786,094
+28,365
| +4% | +$1.47M |
|
703
Albemarle
ALB
$15.5B
| $29M | 0.02% |
656,895
+15,503
| +2% | +$757K |
|
|
CPN
704
DELISTED
Calpine Corporation
CPN
| $28.9M | 0.02% |
1,983,534
+48,920
| +3% | +$803K |
|
|
PNRA
705
DELISTED
Panera Bread Co
PNRA
| $28.9M | 0.02% |
149,591
+3,064
| +2% | +$571K |
|
706
Essential Utilities
WTRG
$11.3B
| $28.8M | 0.02% |
1,088,225
+33,553
| +3% | +$859K |
|
|
DHC
707
Diversified Healthcare Trust
DHC
$2.04B
| $28.8M | 0.02% |
1,793,795
+67,140
| +4% | +$1.11M |
|
|
SFG
708
DELISTED
STANCORP FINL GRP
SFG
| $28.8M | 0.02% |
251,790
+14,177
| +6% | +$1.48M |
|
|
MIC
709
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $28.7M | 0.02% |
384,849
+357,407
| +1,302% | +$28.5M |
|
|
INVX
710
Innovex International
INVX
$2.04B
| $28.6M | 0.02% |
491,287
+58,376
| +13% | +$3.72M |
|
711
NNN REIT
NNN
$8.8B
| $28.6M | 0.02% |
787,708
+17,291
| +2% | +$627K |
|
|
DNKN
712
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $28.3M | 0.02% |
576,659
+8,506
| +1% | +$441K |
|
|
BEAV
713
DELISTED
B/E Aerospace Inc
BEAV
| $28.1M | 0.02% |
640,691
+27,278
| +4% | +$1.36M |
|
714
Brunswick
BC
$5.21B
| $28M | 0.02% |
585,326
+28,977
| +5% | +$1.47M |
|
715
First Solar
FSLR
$25.7B
| $27.8M | 0.02% |
650,707
+10,968
| +2% | +$507K |
|
|
PF
716
DELISTED
Pinnacle Foods, Inc.
PF
| $27.7M | 0.02% |
661,170
+1,262
| +0.2% | +$57K |
|
|
TMH
717
DELISTED
Team Health Holdings Inc
TMH
| $27.7M | 0.02% |
512,419
+21,202
| +4% | +$1.32M |
|
|
HNT
718
DELISTED
HEALTH NET INC
HNT
| $27.6M | 0.02% |
457,540
-253,886
| -36% | -$16.8M |
|
|
AZPN
719
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $27.5M | 0.02% |
725,940
+33,906
| +5% | +$1.29M |
|
720
Avis
CAR
$4.9B
| $27.5M | 0.02% |
628,914
+18,779
| +3% | +$814K |
|
|
WRI
721
DELISTED
Weingarten Realty Investors
WRI
| $27.5M | 0.02% |
829,191
+2,369
| +0.3% | +$79.3K |
|
|
DST
722
DELISTED
DST Systems Inc.
DST
| $27.4M | 0.02% |
521,896
+10,130
| +2% | +$563K |
|
|
FCE.A
723
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $27.3M | 0.02% |
1,355,281
+39,905
| +3% | +$880K |
|
724
A.O. Smith
AOS
$8.48B
| $27.3M | 0.02% |
836,700
+19,230
| +2% | +$657K |
|
725
Carter's
CRI
$1.48B
| $27.2M | 0.02% |
300,156
+10,884
| +4% | +$1.09M |
|
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.