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 | |
|---|---|---|---|---|---|---|
1051
Spectrum Brands
SPB
$2.02B
| $20.9M | 0.01% |
170,604
-3,677
| -2% | -$470K |
|
1052
National Health Investors
NHI
$3.39B
| $20.9M | 0.01% |
281,191
+36,531
| +15% | +$2.68M |
|
|
JOY
1053
DELISTED
Joy Global Inc
JOY
| $20.8M | 0.01% |
742,258
+28,125
| +4% | +$786K |
|
1054
B&G Foods
BGS
$277M
| $20.7M | 0.01% |
473,515
+19,460
| +4% | +$864K |
|
1055
Wendy's
WEN
$1.44B
| $20.7M | 0.01% |
1,531,272
-1,385
| -0.1% | -$16.7K |
|
1056
Pebblebrook Hotel Trust
PEB
$2.01B
| $20.7M | 0.01% |
695,531
+96,430
| +16% | +$2.67M |
|
1057
MillerKnoll
MLKN
$1.62B
| $20.7M | 0.01% |
604,561
+106,041
| +21% | +$3.3M |
|
1058
Grand Canyon Education
LOPE
$3.76B
| $20.6M | 0.01% |
351,776
+13,046
| +4% | +$667K |
|
1059
EastGroup Properties
EGP
$10.8B
| $20.5M | 0.01% |
277,175
+11,844
| +4% | +$820K |
|
|
XHR
1060
Xenia Hotels & Resorts
XHR
$1.72B
| $20.5M | 0.01% |
1,053,623
+111,291
| +12% | +$1.9M |
|
1061
Erie Indemnity
ERIE
$13.4B
| $20.4M | 0.01% |
181,317
+8,057
| +5% | +$857K |
|
|
BCPC
1062
Balchem Corp
BCPC
$5.71B
| $20.4M | 0.01% |
242,845
+13,943
| +6% | +$1.1M |
|
1063
iShares Core S&P 500 ETF
IVV
$902B
| – | – |
0
| – | – |
|
|
TXNM
1064
TXNM Energy Inc
TXNM
$5.91B
| $20.3M | 0.01% |
591,891
-748
| -0.1% | -$24.3K |
|
1065
Pilgrim's Pride
PPC
$6.4B
| $20.3M | 0.01% |
1,067,965
+276,910
| +35% | +$5.41M |
|
1066
Axos Financial
AX
$5.68B
| $20.2M | 0.01% |
708,440
+63,789
| +10% | +$1.52M |
|
1067
Cleveland-Cliffs
CLF
$7.08B
| $20.2M | 0.01% |
2,404,139
+129,359
| +6% | +$974K |
|
1068
Cooper-Standard Automotive
CPS
$487M
| $20.2M | 0.01% |
195,331
+29,701
| +18% | +$2.86M |
|
1069
Timken Company
TKR
$8.91B
| $20.2M | 0.01% |
508,099
+39,103
| +8% | +$1.45M |
|
|
BLUE
1070
DELISTED
bluebird bio
BLUE
| $20.2M | 0.01% |
25,214
+3,678
| +17% | +$2.92M |
|
1071
NETGEAR
NTGR
$648M
| $20.1M | 0.01% |
370,748
+43,329
| +13% | +$2.31M |
|
1072
Acadia Pharmaceuticals
ACAD
$5.07B
| $20.1M | 0.01% |
697,411
+25,728
| +4% | +$681K |
|
|
ELLI
1073
DELISTED
Ellie Mae Inc
ELLI
| $20.1M | 0.01% |
240,284
+18,899
| +9% | +$1.74M |
|
|
WCC
1074
WESCO International
WCC
$17.8B
| $20.1M | 0.01% |
301,676
+19,630
| +7% | +$1.25M |
|
|
MDR
1075
DELISTED
McDermott International
MDR
| $20M | 0.01% |
903,965
+121,845
| +16% | +$2.27M |
|
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.