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 | |
|---|---|---|---|---|---|---|
|
NXTM
1301
DELISTED
NxStage Medical Inc.
NXTM
| $14.8M | 0.01% |
563,669
+74,046
| +15% | +$1.83M |
|
|
NYRT
1302
DELISTED
New York REIT, Inc.
NYRT
| $14.8M | 0.01% |
145,957
+4,804
| +3% | +$460K |
|
1303
Skywest
SKYW
$4.12B
| $14.7M | 0.01% |
404,597
+32,631
| +9% | +$1.09M |
|
|
AKRX
1304
DELISTED
Akorn Inc
AKRX
| $14.7M | 0.01% |
674,709
+48,222
| +8% | +$1.11M |
|
1305
Power Integrations
POWI
$3.59B
| $14.7M | 0.01% |
433,764
+17,860
| +4% | +$585K |
|
|
GK
1306
DELISTED
G&K Services Inc
GK
| $14.7M | 0.01% |
152,572
+10,284
| +7% | +$983K |
|
1307
Paycom
PAYC
$9.31B
| $14.7M | 0.01% |
323,446
+28,439
| +10% | +$1.32M |
|
|
HRG
1308
DELISTED
HRG Group, Inc.
HRG
| $14.7M | 0.01% |
944,682
+85,510
| +10% | +$1.31M |
|
1309
Oil States International
OIS
$533M
| $14.7M | 0.01% |
376,075
+32,970
| +10% | +$1.12M |
|
1310
Four Corners Property Trust
FCPT
$2.72B
| $14.6M | 0.01% |
713,680
+171,841
| +32% | +$3.38M |
|
1311
Pricesmart
PSMT
$5.39B
| $14.6M | 0.01% |
174,966
+10,022
| +6% | +$881K |
|
1312
Nektar Therapeutics
NKTR
$2.56B
| $14.6M | 0.01% |
79,249
+12,319
| +18% | +$2.5M |
|
1313
Hecla Mining
HL
$12.1B
| $14.6M | 0.01% |
2,782,375
-802,002
| -22% | -$4.7M |
|
|
MDRX
1314
DELISTED
Veradigm Inc. Common Stock
MDRX
| $14.6M | 0.01% |
1,427,207
+116,891
| +9% | +$1.33M |
|
1315
Simmons First National
SFNC
$3.43B
| $14.6M | 0.01% |
468,812
+18,138
| +4% | +$510K |
|
1316
Churchill Downs
CHDN
$6.12B
| $14.6M | 0.01% |
580,434
+40,386
| +7% | +$987K |
|
|
CVA
1317
DELISTED
Covanta Holding Corporation
CVA
| $14.6M | 0.01% |
932,873
+97,321
| +12% | +$1.45M |
|
1318
Synaptics
SYNA
$4.32B
| $14.5M | 0.01% |
271,541
+6,420
| +2% | +$371K |
|
|
CEB
1319
DELISTED
CEB Inc.
CEB
| $14.5M | 0.01% |
239,710
+17,236
| +8% | +$952K |
|
1320
Independent Bank
INDB
$4.02B
| $14.5M | 0.01% |
205,802
+7,414
| +4% | +$455K |
|
1321
Penske Automotive Group
PAG
$14.3B
| $14.5M | 0.01% |
279,674
+12,583
| +5% | +$613K |
|
1322
Children's Place
PLCE
$54.9M
| $14.5M | 0.01% |
143,395
+8,920
| +7% | +$804K |
|
1323
FTI Consulting
FCN
$4.16B
| $14.4M | 0.01% |
319,728
+24,719
| +8% | +$1.07M |
|
|
KNL
1324
DELISTED
Knoll, Inc.
KNL
| $14.4M | 0.01% |
515,941
+118,623
| +30% | +$2.9M |
|
1325
Armstrong World Industries
AWI
$7.7B
| $14.4M | 0.01% |
344,645
+11,658
| +4% | +$477K |
|
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.