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 | |
|---|---|---|---|---|---|---|
|
JNS
1101
DELISTED
Janus Capital Group Inc
JNS
| $14.5M | 0.01% |
844,519
+19,163
| +2% | +$327K |
|
|
EQY
1102
DELISTED
Equity One
EQY
| $14.5M | 0.01% |
543,442
+92,272
| +20% | +$2.48M |
|
1103
EastGroup Properties
EGP
$10.8B
| $14.5M | 0.01% |
241,097
+33,429
| +16% | +$2.1M |
|
|
DYAX
1104
DELISTED
DYAX CORPORATION
DYAX
| $14.5M | 0.01% |
864,271
-19,337
| -2% | -$301K |
|
|
SNBR
1105
DELISTED
Sleep Number
SNBR
| $14.5M | 0.01% |
420,006
+68,205
| +19% | +$2.12M |
|
1106
NETSCOUT
NTCT
$2.81B
| $14.5M | 0.01% |
329,608
-19,633
| -6% | -$760K |
|
|
TCF
1107
DELISTED
TCF Financial Corporation
TCF
| $14.4M | 0.01% |
918,586
+4,324
| +0.5% | +$66.6K |
|
1108
Dine Brands
DIN
$455M
| $14.4M | 0.01% |
134,817
-143
| -0.1% | -$15.3K |
|
|
ABCO
1109
DELISTED
Advisory Board Co
ABCO
| $14.4M | 0.01% |
270,344
+52,074
| +24% | +$2.66M |
|
1110
NorthWestern Energy
NWE
$4.35B
| $14.4M | 0.01% |
267,307
+22,263
| +9% | +$1.23M |
|
1111
First Citizens BancShares
FCNCA
$25.4B
| $14.3M | 0.01% |
55,163
+12,845
| +30% | +$3.17M |
|
|
PRA
1112
DELISTED
ProAssurance
PRA
| $14.3M | 0.01% |
311,324
+10,957
| +4% | +$498K |
|
|
AXE
1113
DELISTED
Anixter International Inc
AXE
| $14.3M | 0.01% |
187,705
-5,696
| -3% | -$445K |
|
|
DCH
1114
Dauch Corp
DCH
$1.64B
| $14.3M | 0.01% |
552,724
+171,441
| +45% | +$4.21M |
|
1115
Myriad Genetics
MYGN
$307M
| $14.2M | 0.01% |
401,479
+8,167
| +2% | +$292K |
|
1116
WisdomTree
WT
$3.33B
| $14.2M | 0.01% |
661,917
+30,335
| +5% | +$566K |
|
|
CTLT
1117
DELISTED
CATALENT, INC.
CTLT
| $14.2M | 0.01% |
455,952
+141,963
| +45% | +$4.09M |
|
1118
Selective Insurance
SIGI
$5.6B
| $14.2M | 0.01% |
488,519
+41,938
| +9% | +$1.15M |
|
1119
Designer Brands
DBI
$322M
| $14.2M | 0.01% |
384,552
-103,091
| -21% | -$3.78M |
|
|
CRZO
1120
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $14.2M | 0.01% |
285,302
+42,830
| +18% | +$2M |
|
|
DO
1121
DELISTED
Diamond Offshore Drilling
DO
| $14.2M | 0.01% |
529,498
+14,483
| +3% | +$451K |
|
|
JCP
1122
DELISTED
J.C. Penney Company, Inc.
JCP
| $14.2M | 0.01% |
1,682,953
+118,226
| +8% | +$920K |
|
1123
Texas Roadhouse
TXRH
$13.8B
| $14.1M | 0.01% |
388,028
+22,428
| +6% | +$796K |
|
1124
Olin
OLN
$2.18B
| $14.1M | 0.01% |
439,115
+20,382
| +5% | +$547K |
|
1125
GATX Corp
GATX
$6.27B
| $14M | 0.01% |
242,252
+858
| +0.4% | +$50K |
|
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.