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 | |
|---|---|---|---|---|---|---|
|
PFPT
1201
DELISTED
Proofpoint, Inc.
PFPT
| $12.5M | 0.01% |
211,527
+9,765
| +5% | +$526K |
|
1202
HEICO Corp
HEI
$51.3B
| $12.5M | 0.01% |
499,888
+55,198
| +12% | +$1.36M |
|
|
IBKC
1203
DELISTED
IBERIABANK Corp
IBKC
| $12.5M | 0.01% |
198,053
+9,558
| +5% | +$584K |
|
|
TPH
1204
DELISTED
Tri Pointe Homes
TPH
| $12.5M | 0.01% |
808,507
+18,132
| +2% | +$272K |
|
1205
Monro
MNRO
$365M
| $12.5M | 0.01% |
191,619
+16,068
| +9% | +$984K |
|
1206
Novavax
NVAX
$1.31B
| $12.5M | 0.01% |
75,317
+6,993
| +10% | +$1.14M |
|
|
ADVS
1207
DELISTED
Advent Software Inc
ADVS
| $12.5M | 0.01% |
282,410
-71,569
| -20% | -$2.94M |
|
1208
Cirrus Logic
CRUS
$6.11B
| $12.5M | 0.01% |
374,462
-43,007
| -10% | -$1.25M |
|
1209
Grand Canyon Education
LOPE
$3.76B
| $12.4M | 0.01% |
287,274
+15,000
| +6% | +$672K |
|
|
EXAS
1210
DELISTED
Exact Sciences
EXAS
| $12.4M | 0.01% |
564,677
+48,832
| +9% | +$1.24M |
|
|
TMX
1211
DELISTED
Terminix Global Holdings, Inc.
TMX
| $12.4M | 0.01% |
549,615
+250,068
| +83% | +$5.26M |
|
1212
UMB Financial
UMBF
$11.2B
| $12.4M | 0.01% |
234,152
+2,384
| +1% | +$124K |
|
1213
Avista
AVA
$3.22B
| $12.4M | 0.01% |
362,189
-10,745
| -3% | -$375K |
|
1214
Astronics
ATRO
$3.7B
| $12.4M | 0.01% |
306,324
+18,484
| +6% | +$630K |
|
|
ACH
1215
Accendra Health
ACH
$96.5M
| $12.4M | 0.01% |
365,498
+3,373
| +0.9% | +$118K |
|
1216
CACI
CACI
$14.8B
| $12.3M | 0.01% |
137,308
+10,985
| +9% | +$959K |
|
1217
Empire State Realty Trust
ESRT
$802M
| $12.3M | 0.01% |
655,686
+106,517
| +19% | +$1.93M |
|
|
VRE
1218
DELISTED
Veris Residential
VRE
| $12.3M | 0.01% |
638,502
+24,012
| +4% | +$464K |
|
|
PNK
1219
DELISTED
Pinnacle Entertainment Inc.
PNK
| $12.3M | 0.01% |
340,486
+30,916
| +10% | +$827K |
|
1220
Group 1 Automotive
GPI
$3.17B
| $12.3M | 0.01% |
142,248
+20,382
| +17% | +$1.68M |
|
|
EDR
1221
DELISTED
Education Realty Trust Inc
EDR
| $12.3M | 0.01% |
346,774
+40,535
| +13% | +$1.46M |
|
1222
Mueller Industries
MLI
$15.1B
| $12.2M | 0.01% |
1,356,024
-147,484
| -10% | -$1.25M |
|
|
RDC
1223
DELISTED
Rowan Companies Plc
RDC
| $12.2M | 0.01% |
688,827
+24,724
| +4% | +$527K |
|
|
AVNS
1224
DELISTED
Avanos Medical
AVNS
| $12.2M | 0.01% |
247,885
+1,808
| +0.7% | +$83.8K |
|
|
MINI
1225
DELISTED
Mobile Mini Inc
MINI
| $12.2M | 0.01% |
285,983
+23,145
| +9% | +$923K |
|
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.