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 | |
|---|---|---|---|---|---|---|
1176
HEICO Corp Class A
HEI.A
$37B
| $17.5M | 0.01% |
628,760
+20,039
| +3% | +$521K |
|
|
ARI
1177
Apollo Commercial Real Estate
ARI
$880M
| $17.5M | 0.01% |
1,050,879
+346,633
| +49% | +$5.82M |
|
1178
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$144M
| – | – |
0
| – | – |
|
1179
Empire State Realty Trust
ESRT
$802M
| $17.4M | 0.01% |
864,222
+78,586
| +10% | +$1.56M |
|
|
CRZO
1180
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $17.4M | 0.01% |
465,726
+33,148
| +8% | +$1.28M |
|
1181
H.B. Fuller
FUL
$3.34B
| $17.3M | 0.01% |
358,078
+17,338
| +5% | +$804K |
|
|
B
1182
DELISTED
Barnes Group Inc.
B
| $17.3M | 0.01% |
364,788
+19,464
| +6% | +$848K |
|
1183
iShares MSCI Taiwan ETF
EWT
$11.2B
| – | – |
0
| – | – |
|
1184
CVB Financial
CVBF
$4.02B
| $17.2M | 0.01% |
751,645
+24,897
| +3% | +$493K |
|
1185
BGC Group
BGC
$4.8B
| $17.2M | 0.01% |
2,617,684
+406,350
| +18% | +$2.46M |
|
1186
TransUnion
TRU
$15.4B
| $17.2M | 0.01% |
556,595
+28,041
| +5% | +$882K |
|
1187
Allegiant Air
ALGT
$2.37B
| $17.2M | 0.01% |
103,290
-608
| -0.6% | -$95.1K |
|
|
HI
1188
DELISTED
Hillenbrand
HI
| $17.1M | 0.01% |
446,877
+18,046
| +4% | +$610K |
|
1189
Itron
ITRI
$4.52B
| $17.1M | 0.01% |
272,563
+8,324
| +3% | +$502K |
|
1190
Advanced Energy
AEIS
$13.1B
| $17.1M | 0.01% |
312,491
+7,230
| +2% | +$370K |
|
1191
RLI Corp
RLI
$5.87B
| $17.1M | 0.01% |
541,872
+30,104
| +6% | +$932K |
|
|
CHS
1192
DELISTED
Chicos FAS, Inc.
CHS
| $17M | 0.01% |
1,184,154
+302,620
| +34% | +$4.17M |
|
|
VRNT
1193
DELISTED
Verint Systems
VRNT
| $17M | 0.01% |
948,351
+76,846
| +9% | +$1.43M |
|
1194
Mueller Industries
MLI
$15.1B
| $17M | 0.01% |
1,703,688
+42,028
| +3% | +$371K |
|
|
SWFT
1195
DELISTED
Swift Transportation Company
SWFT
| $17M | 0.01% |
698,028
+120,685
| +21% | +$2.82M |
|
|
QTS
1196
DELISTED
QTS REALTY TRUST, INC.
QTS
| $17M | 0.01% |
342,407
+19,132
| +6% | +$924K |
|
|
SAFM
1197
DELISTED
Sanderson Farms Inc
SAFM
| $16.9M | 0.01% |
179,515
+36,022
| +25% | +$3.19M |
|
|
SCS
1198
DELISTED
Steelcase
SCS
| $16.9M | 0.01% |
943,189
+207,115
| +28% | +$3.12M |
|
|
WDR
1199
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $16.9M | 0.01% |
864,670
+209,298
| +32% | +$3.89M |
|
|
PRAH
1200
DELISTED
PRA Health Sciences, Inc.
PRAH
| $16.9M | 0.01% |
306,009
+67,058
| +28% | +$3.68M |
|
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.