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 | |
|---|---|---|---|---|---|---|
1351
Brady Corp
BRC
$4.45B
| $14M | 0.01% |
371,876
+46,107
| +14% | +$1.66M |
|
1352
Insight Enterprises
NSIT
$4.57B
| $13.9M | 0.01% |
344,415
+55,035
| +19% | +$1.9M |
|
1353
Dillards
DDS
$9.56B
| $13.9M | 0.01% |
222,168
-38,170
| -15% | -$2.51M |
|
|
MRC
1354
DELISTED
MRC Global
MRC
| $13.9M | 0.01% |
686,284
+27,545
| +4% | +$502K |
|
|
JNS
1355
DELISTED
Janus Capital Group Inc
JNS
| $13.9M | 0.01% |
1,047,766
+43,714
| +4% | +$601K |
|
|
SIR
1356
DELISTED
SELECT INCOME REIT
SIR
| $13.9M | 0.01% |
1,254,044
+105,788
| +9% | +$1.15M |
|
|
ICPT
1357
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $13.9M | 0.01% |
127,738
+7,248
| +6% | +$863K |
|
|
DBD
1358
DELISTED
Diebold Nixdorf Incorporated
DBD
| $13.9M | 0.01% |
551,043
+43,184
| +9% | +$1.02M |
|
1359
Prothena Corp
PRTA
$470M
| $13.8M | 0.01% |
281,338
+15,099
| +6% | +$833K |
|
1360
HealthEquity
HQY
$8.78B
| $13.8M | 0.01% |
340,214
+38,168
| +13% | +$1.48M |
|
1361
TFS Financial
TFSL
$4.93B
| $13.7M | 0.01% |
721,441
+33,717
| +5% | +$621K |
|
1362
Genworth Financial
GNW
$3.77B
| $13.7M | 0.01% |
3,600,455
-162,772
| -4% | -$717K |
|
|
KS
1363
DELISTED
KapStone Paper and Pack Corp.
KS
| $13.7M | 0.01% |
621,264
+35,097
| +6% | +$713K |
|
1364
Brink's
BCO
$4.71B
| $13.7M | 0.01% |
331,308
+8,408
| +3% | +$338K |
|
1365
Apogee Enterprises
APOG
$889M
| $13.7M | 0.01% |
254,936
+35,922
| +16% | +$1.66M |
|
1366
Merit Medical Systems
MMSI
$5.43B
| $13.6M | 0.01% |
514,390
+47,871
| +10% | +$1.16M |
|
|
NTUS
1367
DELISTED
Natus Medical Inc
NTUS
| $13.6M | 0.01% |
391,308
+88,365
| +29% | +$3.47M |
|
|
BID
1368
DELISTED
Sotheby's
BID
| $13.6M | 0.01% |
341,587
-5,465
| -2% | -$207K |
|
|
MNDT
1369
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $13.6M | 0.01% |
1,139,274
+63,121
| +6% | +$819K |
|
1370
Renasant Corp
RNST
$3.99B
| $13.6M | 0.01% |
320,951
+19,958
| +7% | +$757K |
|
|
AAT
1371
American Assets Trust
AAT
$1.4B
| $13.5M | 0.01% |
314,475
+33,709
| +12% | +$1.37M |
|
|
GCP
1372
DELISTED
GCP Applied Technologies Inc.
GCP
| $13.5M | 0.01% |
505,996
+21,667
| +4% | +$586K |
|
|
CBM
1373
DELISTED
Cambrex Corporation
CBM
| $13.5M | 0.01% |
250,663
+12,290
| +5% | +$590K |
|
|
NAV
1374
DELISTED
Navistar International
NAV
| $13.5M | 0.01% |
429,680
+2,008
| +0.5% | +$54.4K |
|
1375
Banner Corp
BANR
$2.49B
| $13.5M | 0.01% |
241,184
+52,622
| +28% | +$2.58M |
|
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.