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 | |
|---|---|---|---|---|---|---|
1201
RBC Bearings
RBC
$17.5B
| $16.8M | 0.01% |
181,447
+4,641
| +3% | +$374K |
|
1202
Universal Corp
UVV
$1.15B
| $16.8M | 0.01% |
264,028
+39,647
| +18% | +$2.26M |
|
1203
SouthState Bank Corp
SSB
$10.7B
| $16.8M | 0.01% |
192,399
+10,114
| +6% | +$817K |
|
1204
Dorman Products
DORM
$3.95B
| $16.8M | 0.01% |
230,004
+9,178
| +4% | +$627K |
|
1205
LXP Industrial Trust
LXP
$3.58B
| $16.8M | 0.01% |
310,993
+15,697
| +5% | +$800K |
|
1206
Commault Systems
CVLT
$5.78B
| $16.8M | 0.01% |
326,306
+20,966
| +7% | +$1.12M |
|
1207
Smith & Wesson
SWBI
$638M
| $16.7M | 0.01% |
1,033,211
+221,835
| +27% | +$4.09M |
|
|
KATE
1208
DELISTED
Kate Spade & Company
KATE
| $16.7M | 0.01% |
896,180
+98,120
| +12% | +$1.61M |
|
1209
Insperity
NSP
$1.94B
| $16.7M | 0.01% |
471,560
+61,402
| +15% | +$2.22M |
|
1210
American States Water
AWR
$3.47B
| $16.7M | 0.01% |
366,994
+19,087
| +5% | +$796K |
|
1211
Applied Industrial Technologies
AIT
$13B
| $16.7M | 0.01% |
281,331
+8,887
| +3% | +$482K |
|
1212
Lumentum
LITE
$63.8B
| $16.7M | 0.01% |
431,650
+39,082
| +10% | +$1.56M |
|
|
CVSA
1213
Covista Inc
CVSA
$4.31B
| $16.7M | 0.01% |
534,639
+2,402
| +0.5% | +$65K |
|
|
LTXB
1214
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $16.7M | 0.01% |
387,091
+24,706
| +7% | +$922K |
|
1215
Ingevity
NGVT
$2.67B
| $16.6M | 0.01% |
303,488
+13,674
| +5% | +$656K |
|
|
DATA
1216
DELISTED
Tableau Software, Inc.
DATA
| $16.6M | 0.01% |
394,313
+45,945
| +13% | +$2.14M |
|
|
VWR
1217
DELISTED
VWR Corporation
VWR
| $16.6M | 0.01% |
663,277
+33,985
| +5% | +$903K |
|
1218
Matador Resources
MTDR
$6.51B
| $16.6M | 0.01% |
643,798
+76,824
| +14% | +$1.86M |
|
|
VGR
1219
DELISTED
Vector Group Ltd.
VGR
| $16.6M | 0.01% |
1,188,855
+126,116
| +12% | +$1.64M |
|
1220
NBT Bancorp
NBTB
$2.75B
| $16.6M | 0.01% |
395,266
+16,357
| +4% | +$608K |
|
1221
Brookdale Senior Living
BKD
$3B
| $16.5M | 0.01% |
1,331,155
+82,908
| +7% | +$1.11M |
|
1222
ABM Industries
ABM
$2.83B
| $16.5M | 0.01% |
404,718
+17,878
| +5% | +$727K |
|
1223
Sinclair Inc
SBGI
$989M
| $16.5M | 0.01% |
495,588
-30,327
| -6% | -$903K |
|
1224
Globus Medical
GMED
$11.4B
| $16.5M | 0.01% |
665,551
+94,200
| +16% | +$2.14M |
|
|
WPG
1225
DELISTED
Washington Prime Group Inc.
WPG
| $16.5M | 0.01% |
176,204
-6,894
| -4% | -$658K |
|
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.