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 | |
|---|---|---|---|---|---|---|
|
PAY
876
DELISTED
Verifone Systems Inc
PAY
| $21.6M | 0.01% |
618,463
+62,293
| +11% | +$2.16M |
|
877
Commerce Bancshares
CBSH
$8.41B
| $21.5M | 0.01% |
870,363
+66,266
| +8% | +$1.62M |
|
|
IM
878
DELISTED
Ingram Micro
IM
| $21.5M | 0.01% |
856,823
+5,563
| +0.7% | +$141K |
|
879
Brown & Brown
BRO
$24B
| $21.4M | 0.01% |
1,294,218
+32,706
| +3% | +$528K |
|
880
Bloomin' Brands
BLMN
$944M
| $21.4M | 0.01% |
878,104
+141,209
| +19% | +$3.52M |
|
881
Vail Resorts
MTN
$5.21B
| $21.4M | 0.01% |
206,458
+5,138
| +3% | +$465K |
|
|
ARRS
882
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $21.3M | 0.01% |
735,645
+76,642
| +12% | +$2.18M |
|
883
Bio-Techne
TECH
$11.2B
| $21.2M | 0.01% |
846,100
+109,020
| +15% | +$2.59M |
|
|
THS
884
DELISTED
Treehouse Foods
THS
| $21.1M | 0.01% |
248,267
-14,648
| -6% | -$1.26M |
|
|
ICPT
885
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $21.1M | 0.01% |
74,833
+10,406
| +16% | +$2.25M |
|
886
Toro Company
TTC
$9.4B
| $21.1M | 0.01% |
601,740
-17,702
| -3% | -$586K |
|
|
TWO
887
Two Harbors Investment
TWO
$1.26B
| $21.1M | 0.01% |
248,049
-6,996
| -3% | -$581K |
|
|
CYT
888
DELISTED
CYTEC INDS INC
CYT
| $21M | 0.01% |
389,319
+17,048
| +5% | +$850K |
|
889
Oshkosh
OSK
$9.59B
| $21M | 0.01% |
430,741
+2,436
| +0.6% | +$111K |
|
|
STRZA
890
DELISTED
Starz - Series A
STRZA
| $21M | 0.01% |
610,463
-9,029
| -1% | -$283K |
|
|
RPAI
891
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $21M | 0.01% |
1,309,451
+143,837
| +12% | +$2.41M |
|
|
SF
892
Stifel
SF
$12.6B
| $21M | 0.01% |
847,010
+94,777
| +13% | +$2.19M |
|
|
IPXL
893
DELISTED
Impax Laboratories, Inc.
IPXL
| $21M | 0.01% |
447,204
+29,397
| +7% | +$1.17M |
|
|
ALR
894
DELISTED
Alere Inc
ALR
| $20.9M | 0.01% |
428,416
+20,878
| +5% | +$916K |
|
|
VR
895
DELISTED
Validus Hold Ltd
VR
| $20.7M | 0.01% |
492,863
-3,724
| -0.7% | -$153K |
|
896
Webster Financial
WBS
$12.8B
| $20.7M | 0.01% |
558,939
+97,426
| +21% | +$3.27M |
|
|
BRSL
897
Brightstar Lottery PLC
BRSL
$2.02B
| $20.7M | 0.01% |
1,189,151
-128,025
| -10% | -$2.23M |
|
|
SEMG
898
DELISTED
SEMGROUP CORPORATION
SEMG
| $20.7M | 0.01% |
254,455
+20,865
| +9% | +$1.49M |
|
899
Guidewire Software
GWRE
$14.4B
| $20.7M | 0.01% |
392,731
+26,020
| +7% | +$1.35M |
|
900
Charles River Laboratories
CRL
$13.2B
| $20.6M | 0.01% |
259,860
+14,070
| +6% | +$1.04M |
|
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.