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 | |
|---|---|---|---|---|---|---|
1151
Armstrong World Industries
AWI
$7.89B
| $13.5M | 0.01% |
234,921
+17,363
| +8% | +$930K |
|
1152
Prestige Consumer Healthcare
PBH
$2.54B
| $13.5M | 0.01% |
313,625
+17,148
| +6% | +$654K |
|
1153
Cathay General Bancorp
CATY
$4.25B
| $13.4M | 0.01% |
471,535
+23,263
| +5% | +$600K |
|
1154
Texas Capital Bancshares
TCBI
$4.36B
| $13.4M | 0.01% |
275,207
+26,274
| +11% | +$1.24M |
|
1155
Louisiana-Pacific
LPX
$5.28B
| $13.4M | 0.01% |
810,542
+60,586
| +8% | +$998K |
|
1156
Rollins
ROL
$17.8B
| $13.4M | 0.01% |
1,215,722
+131,189
| +12% | +$1.32M |
|
1157
Telephone and Data Systems
TDS
$3.84B
| $13.4M | 0.01% |
536,636
+9,005
| +2% | +$225K |
|
1158
American States Water
AWR
$3.47B
| $13.4M | 0.01% |
334,976
+1,346
| +0.4% | +$53.5K |
|
|
MW
1159
DELISTED
THE MENS WAREHOUSE INC
MW
| $13.4M | 0.01% |
255,921
+5,209
| +2% | +$253K |
|
|
ALE
1160
DELISTED
Allete
ALE
| $13.4M | 0.01% |
253,153
+26,742
| +12% | +$1.47M |
|
|
CRC
1161
DELISTED
California Resources Corporation
CRC
| $13.3M | 0.01% |
175,415
-92,276
| -34% | -$5.65M |
|
1162
Sinclair Inc
SBGI
$989M
| $13.3M | 0.01% |
424,273
+10,356
| +3% | +$281K |
|
1163
Western Alliance Bancorporation
WAL
$8.89B
| $13.3M | 0.01% |
448,979
+4,039
| +0.9% | +$113K |
|
1164
Haemonetics
HAE
$3.97B
| $13.3M | 0.01% |
295,782
+13,069
| +5% | +$546K |
|
1165
Credit Acceptance
CACC
$5.94B
| $13.3M | 0.01% |
68,102
-4,417
| -6% | -$747K |
|
1166
FNB Corp
FNB
$6.8B
| $13.3M | 0.01% |
1,008,835
+59,853
| +6% | +$763K |
|
1167
Black Hills Corp
BKH
$5.59B
| $13.2M | 0.01% |
262,287
+19,116
| +8% | +$964K |
|
|
HAWK
1168
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $13.2M | 0.01% |
370,911
+76,594
| +26% | +$2.72M |
|
1169
Darling Ingredients
DAR
$9.84B
| $13.2M | 0.01% |
943,223
+57,153
| +6% | +$940K |
|
|
CVG
1170
DELISTED
Convergys
CVG
| $13.2M | 0.01% |
577,665
+30,160
| +6% | +$638K |
|
1171
G-III Apparel Group
GIII
$1.44B
| $13.2M | 0.01% |
234,482
+29,204
| +14% | +$1.5M |
|
1172
Blackbaud
BLKB
$2.06B
| $13.2M | 0.01% |
278,556
+8,260
| +3% | +$371K |
|
|
NUVA
1173
DELISTED
NuVasive, Inc.
NUVA
| $13.2M | 0.01% |
286,742
+23,923
| +9% | +$1.11M |
|
1174
WaFd
WAFD
$2.82B
| $13.1M | 0.01% |
602,579
+9,325
| +2% | +$197K |
|
|
AEL
1175
DELISTED
American Equity Investment Life Holding Company
AEL
| $13.1M | 0.01% |
450,184
+50,294
| +13% | +$1.41M |
|
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.