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
|
+$227M |
| 2 |
Microsoft
MSFT
|
+$183M |
| 3 |
Meta Platforms (Facebook)
META
|
+$179M |
| 4 |
PepsiCo
PEP
|
+$149M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$138M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$243M |
| 2 |
LVLT
Level 3 Communications Inc
LVLT
|
+$163M |
| 3 |
KITE
Kite Pharma, Inc.
KITE
|
+$85.5M |
| 4 |
SFR
Starwood Waypoint Homes
SFR
|
+$45.3M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.85% |
| 2 | Financials | 16.38% |
| 3 | Healthcare | 13.22% |
| 4 | Industrials | 10.47% |
| 5 | Consumer Discretionary | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
iShares Core S&P 500 ETF
IVV
$904B
| – | – |
0
| – | – |
|
1202
Liberty Broadband Class A
LBRDA
$5.16B
| $21.9M | 0.01% |
256,923
+3,992
| +2% | +$352K |
|
1203
Murphy USA
MUSA
$9.61B
| $21.9M | 0.01% |
271,917
-9,913
| -4% | -$749K |
|
1204
Old National Bancorp
ONB
$10.2B
| $21.8M | 0.01% |
1,250,757
-4,542
| -0.4% | -$81.6K |
|
1205
Unifirst Corp
UNF
$5.25B
| $21.8M | 0.01% |
132,313
+2,579
| +2% | +$411K |
|
1206
Delek US
DK
$3.58B
| $21.8M | 0.01% |
624,082
-8,923
| -1% | -$263K |
|
|
ODP
1207
DELISTED
ODP
ODP
| $21.8M | 0.01% |
615,027
-7,925
| -1% | -$274K |
|
|
NAV
1208
DELISTED
Navistar International
NAV
| $21.7M | 0.01% |
506,696
+2,217
| +0.4% | +$92.2K |
|
|
FMBI
1209
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $21.7M | 0.01% |
904,833
+116,428
| +15% | +$2.76M |
|
1210
Columbia Sportswear
COLM
$2.94B
| $21.7M | 0.01% |
301,898
+24,356
| +9% | +$1.6M |
|
1211
Itron
ITRI
$4.54B
| $21.6M | 0.01% |
316,988
+9,050
| +3% | +$647K |
|
|
MDR
1212
DELISTED
McDermott International
MDR
| $21.6M | 0.01% |
1,095,213
+8,006
| +0.7% | +$169K |
|
1213
Insmed
INSM
$28.6B
| $21.6M | 0.01% |
691,982
+19,710
| +3% | +$582K |
|
1214
Builders FirstSource
BLDR
$8.04B
| $21.5M | 0.01% |
987,602
+35,921
| +4% | +$681K |
|
1215
HealthEquity
HQY
$8.75B
| $21.5M | 0.01% |
459,841
-12,158
| -3% | -$602K |
|
1216
Azenta
AZTA
$1.48B
| $21.4M | 0.01% |
898,297
+48,589
| +6% | +$1.38M |
|
1217
Pilgrim's Pride
PPC
$6.54B
| $21.4M | 0.01% |
689,521
-89,164
| -11% | -$2.91M |
|
1218
HEICO Corp
HEI
$51.4B
| $21.4M | 0.01% |
442,883
+17,213
| +4% | +$803K |
|
1219
Plexus
PLXS
$7.23B
| $21.4M | 0.01% |
351,846
-44,878
| -11% | -$2.72M |
|
|
ESV
1220
DELISTED
Ensco Rowan plc
ESV
| $21.4M | 0.01% |
903,676
+279,134
| +45% | +$6.19M |
|
|
ARI
1221
Apollo Commercial Real Estate
ARI
$885M
| $21.4M | 0.01% |
1,157,524
+22,274
| +2% | +$411K |
|
|
MDP
1222
DELISTED
Meredith Corporation
MDP
| $21.3M | 0.01% |
323,152
+12,466
| +4% | +$752K |
|
1223
Ormat Technologies
ORA
$6.65B
| $21.3M | 0.01% |
333,548
-30,832
| -8% | -$1.96M |
|
1224
Protolabs
PRLB
$2.13B
| $21.3M | 0.01% |
206,953
+5,862
| +3% | +$526K |
|
|
CVSA
1225
Covista Inc
CVSA
$4.8B
| $21.3M | 0.01% |
506,392
+24,158
| +5% | +$947K |
|
Similar funds
Geode Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Geode Capital Management held 4,142 positions worth $294B, up 8.7% from $271B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management's Q4 2017 filing shows 98 new, 2,556 increased, 827 reduced and 120 closed positions. Its largest new stake was Delphi Technologies PLC Ordinary Shares: 742,921 shares worth $39M. The largest sale was CR Bard Inc., an estimated $243M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 742,921 shares worth $39M.
- Geode Capital Management added most to Apple in Q4 2017, an estimated $227M increase.
- Geode Capital Management's biggest Q4 2017 reduction was Goldman Sachs, cutting an estimated $23.7M.
- Geode Capital Management fully exited CR Bard Inc. in Q4 2017, selling an estimated $243M.
- Geode Capital Management's ten largest holdings make up 17% of its $294B portfolio in Q4 2017.
- Geode Capital Management opened 98 new positions and closed 120 in Q4 2017.
- Geode Capital Management's portfolio value rose 8.7% quarter-over-quarter to $294B.
Based on Geode Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.