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 | |
|---|---|---|---|---|---|---|
|
HR
926
DELISTED
Healthcare Realty Trust Incorporated
HR
| $19.6M | 0.01% |
704,554
+43,563
| +7% | +$1.24M |
|
|
AVP
927
DELISTED
Avon Products, Inc.
AVP
| $19.5M | 0.01% |
2,445,234
-796,812
| -25% | -$6.62M |
|
928
Wolverine World Wide
WWW
$1.55B
| $19.5M | 0.01% |
583,741
+32,637
| +6% | +$965K |
|
929
Live Nation Entertainment
LYV
$43B
| $19.5M | 0.01% |
772,434
+27,381
| +4% | +$691K |
|
|
X
930
DELISTED
US Steel
X
| $19.5M | 0.01% |
797,931
+10,857
| +1% | +$258K |
|
|
CNL
931
DELISTED
CLECO CRP (HOLDING CO)
CNL
| $19.5M | 0.01% |
356,910
+4,357
| +1% | +$237K |
|
932
Generac Holdings
GNRC
$12.2B
| $19.4M | 0.01% |
399,337
+24,965
| +7% | +$1.19M |
|
|
FEIC
933
DELISTED
FEI COMPANY
FEIC
| $19.4M | 0.01% |
254,575
+11,962
| +5% | +$957K |
|
934
Opko Health
OPK
$1.04B
| $19.4M | 0.01% |
1,369,241
+106,228
| +8% | +$1.38M |
|
|
FMER
935
DELISTED
FIRSTMERIT CORP
FMER
| $19.4M | 0.01% |
1,017,253
+15,400
| +2% | +$279K |
|
936
Gaming and Leisure Properties
GLPI
$12.5B
| $19.3M | 0.01% |
523,884
+31,233
| +6% | +$1.05M |
|
|
LPNT
937
DELISTED
LifePoint Health, Inc.
LPNT
| $19.3M | 0.01% |
262,795
+8,386
| +3% | +$595K |
|
938
SPX Corp
SPXC
$10.6B
| $19.3M | 0.01% |
903,105
+40,969
| +5% | +$880K |
|
|
THOR
939
DELISTED
THORATEC CORPORATION
THOR
| $19.2M | 0.01% |
459,428
-9,868
| -2% | -$377K |
|
940
Sensient Technologies
SXT
$5.51B
| $19.2M | 0.01% |
278,364
-37,956
| -12% | -$2.37M |
|
941
Nu Skin
NUS
$250M
| $19.1M | 0.01% |
317,819
+9,875
| +3% | +$503K |
|
942
Watsco Inc
WSO
$13.5B
| $19.1M | 0.01% |
152,151
+8,344
| +6% | +$957K |
|
943
Avient
AVNT
$4.19B
| $19.1M | 0.01% |
510,127
+9,493
| +2% | +$360K |
|
944
MarketAxess Holdings
MKTX
$5.72B
| $19M | 0.01% |
229,154
+7,499
| +3% | +$594K |
|
945
COPT Defense Properties
CDP
$4.14B
| $18.9M | 0.01% |
643,228
+41,941
| +7% | +$1.24M |
|
|
FNFG
946
DELISTED
FIRST NIAGARA FINANCIAL GROUP INC
FNFG
| $18.9M | 0.01% |
2,136,852
+79,299
| +4% | +$676K |
|
947
BWX Technologies
BWXT
$15.5B
| $18.9M | 0.01% |
821,887
-44,428
| -5% | -$934K |
|
948
Westlake Corp
WLK
$10.1B
| $18.9M | 0.01% |
262,258
-70,397
| -21% | -$4.51M |
|
|
PVTB
949
DELISTED
PrivateBancorp Inc
PVTB
| $18.8M | 0.01% |
535,863
+2,844
| +0.5% | +$96.1K |
|
950
IPG Photonics
IPGP
$3.61B
| $18.8M | 0.01% |
203,177
+12,375
| +6% | +$1.07M |
|
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.