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 | |
|---|---|---|---|---|---|---|
876
United Bankshares
UBSI
$6.57B
| $27.4M | 0.01% |
593,113
+104,211
| +21% | +$4.42M |
|
877
Urban Outfitters
URBN
$6.73B
| $27.4M | 0.01% |
963,240
+122,730
| +15% | +$4.14M |
|
|
CST
878
DELISTED
CST Brands, Inc.
CST
| $27.4M | 0.01% |
568,925
+51,782
| +10% | +$2.49M |
|
879
Graphic Packaging
GPK
$3.56B
| $27.4M | 0.01% |
2,194,187
+156,751
| +8% | +$2.03M |
|
|
BIG
880
DELISTED
Big Lots, Inc.
BIG
| $27.3M | 0.01% |
544,671
+121,571
| +29% | +$5.97M |
|
|
PSB
881
DELISTED
PS Business Parks, Inc.
PSB
| $27.3M | 0.01% |
234,564
+11,777
| +5% | +$1.29M |
|
882
Bankunited
BKU
$3.31B
| $27.3M | 0.01% |
725,070
+22,266
| +3% | +$742K |
|
|
UNIT
883
Uniti Group
UNIT
$2.28B
| $27.3M | 0.01% |
1,075,230
+109,180
| +11% | +$2.94M |
|
884
Apple Hospitality REIT
APLE
$3.71B
| $27.3M | 0.01% |
1,367,307
+14,841
| +1% | +$276K |
|
|
EDR
885
DELISTED
Education Realty Trust Inc
EDR
| $27.3M | 0.01% |
644,813
+30,543
| +5% | +$1.25M |
|
|
STOR
886
DELISTED
STORE Capital Corporation
STOR
| $27.2M | 0.01% |
1,101,649
+88,966
| +9% | +$2.3M |
|
887
Bio-Rad Laboratories Class A
BIO
$9.45B
| $27.1M | 0.01% |
148,700
+3,982
| +3% | +$679K |
|
|
HOUS
888
DELISTED
Anywhere Real Estate
HOUS
| $27M | 0.01% |
1,049,430
+47,270
| +5% | +$1.17M |
|
889
Euronet Worldwide
EEFT
$2.66B
| $26.9M | 0.01% |
371,649
+27,566
| +8% | +$2.13M |
|
890
Hancock Whitney
HWC
$6.23B
| $26.9M | 0.01% |
624,437
+81,028
| +15% | +$3.08M |
|
|
CMD
891
DELISTED
Cantel Medical Corporation
CMD
| $26.9M | 0.01% |
341,582
+21,109
| +7% | +$1.64M |
|
|
RICE
892
DELISTED
Rice Energy Inc.
RICE
| $26.9M | 0.01% |
1,259,904
+357,189
| +40% | +$8.51M |
|
|
RPAI
893
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $26.8M | 0.01% |
1,751,229
+39,742
| +2% | +$612K |
|
894
Associated Banc-Corp
ASB
$5.94B
| $26.8M | 0.01% |
1,083,751
+42,528
| +4% | +$936K |
|
895
NewMarket
NEU
$8.41B
| $26.7M | 0.01% |
63,073
+2,019
| +3% | +$833K |
|
896
UMB Financial
UMBF
$11.2B
| $26.7M | 0.01% |
346,519
+30,789
| +10% | +$2.14M |
|
897
Hawaiian Electric Industries
HE
$2.02B
| $26.7M | 0.01% |
806,200
+59,935
| +8% | +$1.83M |
|
|
ODP
898
DELISTED
ODP
ODP
| $26.6M | 0.01% |
589,175
+154,732
| +36% | +$6.41M |
|
899
Chemed
CHE
$7.19B
| $26.4M | 0.01% |
164,805
+15,675
| +11% | +$2.3M |
|
|
MBFI
900
DELISTED
MB Financial Corp
MBFI
| $26.3M | 0.01% |
557,092
+45,364
| +9% | +$1.88M |
|
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.