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 | |
|---|---|---|---|---|---|---|
1001
Federated Hermes
FHI
$4.75B
| $17.5M | 0.01% |
515,643
+10,498
| +2% | +$348K |
|
1002
First Industrial Realty Trust
FR
$8.32B
| $17.4M | 0.01% |
812,439
+72,030
| +10% | +$1.54M |
|
|
AMSG
1003
DELISTED
Amsurg Corp
AMSG
| $17.4M | 0.01% |
282,426
-47,604
| -14% | -$2.75M |
|
1004
Delek US
DK
$3.88B
| $17.3M | 0.01% |
435,894
+95,602
| +28% | +$3.16M |
|
|
TGI
1005
DELISTED
Triumph Group
TGI
| $17.3M | 0.01% |
289,610
+15,928
| +6% | +$957K |
|
1006
Viasat
VSAT
$11.6B
| $17.2M | 0.01% |
289,334
+38,811
| +15% | +$2.36M |
|
|
AOL
1007
DELISTED
AOL INC COMMON STOCK
AOL
| $17.2M | 0.01% |
435,126
+25,050
| +6% | +$1.07M |
|
1008
HNI Corp
HNI
$3.62B
| $17.2M | 0.01% |
311,902
+17,863
| +6% | +$916K |
|
1009
American Homes 4 Rent
AMH
$12.2B
| $17.1M | 0.01% |
1,031,965
+77,090
| +8% | +$1.29M |
|
1010
U-Haul Holding Co
UHAL
$14.5B
| $17.1M | 0.01% |
516,910
+26,440
| +5% | +$817K |
|
1011
Timken Company
TKR
$8.91B
| $17M | 0.01% |
402,739
+1,416
| +0.4% | +$58.7K |
|
1012
Adeia
ADEA
$3.07B
| $17M | 0.01% |
1,591,123
+416,930
| +36% | +$4.26M |
|
|
HMHC
1013
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $16.9M | 0.01% |
721,798
+86,872
| +14% | +$1.79M |
|
1014
Celldex Therapeutics
CLDX
$3.45B
| $16.9M | 0.01% |
40,513
+5,690
| +16% | +$2.04M |
|
1015
Sanmina
SANM
$10.9B
| $16.9M | 0.01% |
698,078
+61,939
| +10% | +$1.42M |
|
1016
Emcor
EME
$36.3B
| $16.9M | 0.01% |
363,285
-7,206
| -2% | -$313K |
|
|
LXK
1017
DELISTED
Lexmark Intl Inc
LXK
| $16.8M | 0.01% |
395,722
-68,519
| -15% | -$2.82M |
|
|
PNY
1018
DELISTED
PIEDMONT NATURAL GAS CO INC(NC
PNY
| $16.7M | 0.01% |
452,599
+9,486
| +2% | +$362K |
|
|
VISN
1019
Vistance Networks Inc
VISN
$2.66B
| $16.7M | 0.01% |
584,784
+125,225
| +27% | +$3.49M |
|
|
WELL.PRI
1020
DELISTED
Welltower Inc.
WELL.PRI
| – | – |
0
| – | – |
|
|
UIL
1021
DELISTED
UIL HOLDINGS
UIL
| $16.6M | 0.01% |
323,170
+17,565
| +6% | +$820K |
|
1022
EnerSys
ENS
$6.95B
| $16.6M | 0.01% |
258,535
+566
| +0.2% | +$35.3K |
|
|
CVA
1023
DELISTED
Covanta Holding Corporation
CVA
| $16.6M | 0.01% |
739,111
+122,740
| +20% | +$2.63M |
|
|
ANAC
1024
DELISTED
ANACOR PHARMACEUTICALS INC COM
ANAC
| $16.6M | 0.01% |
286,550
+22,107
| +8% | +$939K |
|
1025
Portland General Electric
POR
$5.65B
| $16.6M | 0.01% |
446,507
+20,598
| +5% | +$777K |
|
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.