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
|
+$128M |
| 2 |
American Airlines Group
AAL
|
+$99.2M |
| 3 |
Navient
NAVI
|
+$54.9M |
| 4 |
Essex Property Trust
ESS
|
+$53.7M |
| 5 |
Broadcom
AVGO
|
+$47.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$219M |
| 2 |
FRX
FOREST LABORATORIES INC
FRX
|
+$161M |
| 3 |
BEAM
BEAM INC COM STK (DE)
BEAM
|
+$103M |
| 4 |
DBLE
DOUBLE EAGLE PETROLEUM CO
DBLE
|
+$85M |
| 5 |
SLM Corp
SLM
|
+$62.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 14.61% |
| 2 | Technology | 13.94% |
| 3 | Healthcare | 13.29% |
| 4 | Industrials | 10.85% |
| 5 | Energy | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DF
1376
DELISTED
Dean Foods Company
DF
| $8.94M | 0.01% |
508,240
+58,882
| +13% | +$963K |
|
1377
Hyster-Yale Materials Handling
HY
$629M
| $8.94M | 0.01% |
100,953
-902
| -0.9% | -$81.8K |
|
1378
Aramark
ARMK
$14.6B
| $8.92M | 0.01% |
477,328
+220,966
| +86% | +$4.31M |
|
|
CIVI
1379
DELISTED
Civitas Resources
CIVI
| $8.92M | 0.01% |
1,397
+29
| +2% | +$164K |
|
1380
Delek US
DK
$3.72B
| $8.92M | 0.01% |
315,855
+126,631
| +67% | +$3.89M |
|
|
PMT
1381
PennyMac Mortgage Investment
PMT
$818M
| $8.91M | 0.01% |
406,217
+51,790
| +15% | +$1.15M |
|
1382
Tronox
TROX
$993M
| $8.9M | 0.01% |
330,847
+44,267
| +15% | +$1.13M |
|
1383
Greif
GEF
$4.97B
| $8.88M | 0.01% |
162,739
+5,904
| +4% | +$318K |
|
1384
FTI Consulting
FCN
$4.17B
| $8.86M | 0.01% |
234,325
+1,821
| +0.8% | +$60.1K |
|
1385
Forward Air
FWRD
$634M
| $8.85M | 0.01% |
184,851
+1,783
| +1% | +$80K |
|
1386
Pricesmart
PSMT
$5.21B
| $8.84M | 0.01% |
101,610
+2,954
| +3% | +$273K |
|
|
NSR
1387
DELISTED
Neustar Inc
NSR
| $8.84M | 0.01% |
339,717
+40,560
| +14% | +$1.1M |
|
|
IMS
1388
DELISTED
IMS HEALTH HLDGS INC COM STK (DE)
IMS
| $8.84M | 0.01% |
+344,162
| New | +$8.27M |
|
|
CNVR
1389
DELISTED
CONVERSANT INC COM STK (DE)
CNVR
| $8.8M | 0.01% |
346,503
-14,859
| -4% | -$371K |
|
1390
Globus Medical
GMED
$11.7B
| $8.79M | 0.01% |
367,643
+17,427
| +5% | +$420K |
|
1391
Cal-Maine
CALM
$3.85B
| $8.77M | 0.01% |
236,128
+26,000
| +12% | +$854K |
|
1392
Chemed
CHE
$7.18B
| $8.74M | 0.01% |
93,274
+613
| +0.7% | +$54.4K |
|
|
ACOR
1393
DELISTED
Acorda Therapeutics
ACOR
| $8.73M | 0.01% |
2,159
+320
| +17% | +$1.3M |
|
1394
Evertec
EVTC
$1.77B
| $8.73M | 0.01% |
360,211
+27,455
| +8% | +$654K |
|
|
HOS
1395
DELISTED
Hornbeck Offshore Services, Inc.
HOS
| $8.72M | 0.01% |
185,881
+25,134
| +16% | +$1.07M |
|
1396
Meritage Homes
MTH
$4.69B
| $8.68M | 0.01% |
411,086
+23,898
| +6% | +$484K |
|
1397
Credit Acceptance
CACC
$6.03B
| $8.65M | 0.01% |
70,274
+1,123
| +2% | +$148K |
|
|
ARR
1398
Armour Residential REIT
ARR
$2.34B
| $8.64M | 0.01% |
49,881
+73
| +0.1% | +$12.4K |
|
1399
Virtus Investment Partners
VRTS
$1.11B
| $8.63M | 0.01% |
40,752
+2,005
| +5% | +$378K |
|
1400
Flotek Industries
FTK
$1.36B
| $8.62M | 0.01% |
44,658
+991
| +2% | +$174K |
|
Similar funds
Geode Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Geode Capital Management held 3,924 positions worth $155B, up 3.7% from $149B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q2 2014 filing shows 119 new, 2,245 increased, 1,145 reduced and 87 closed positions. Its largest new stake was Navient: 3,319,977 shares worth $58.8M. The largest sale was Apple, an estimated $219M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, down from 15% a quarter earlier, followed by Technology and Healthcare.
- Geode Capital Management's largest Q2 2014 buy was Navient: 3,319,977 shares worth $58.8M.
- Geode Capital Management added most to Allergan plc in Q2 2014, an estimated $128M increase.
- Geode Capital Management's biggest Q2 2014 reduction was Apple, cutting an estimated $219M.
- Geode Capital Management fully exited BEAM INC COM STK (DE) in Q2 2014, selling an estimated $103M.
- Geode Capital Management's ten largest holdings make up 15% of its $155B portfolio in Q2 2014.
- Geode Capital Management opened 119 new positions and closed 87 in Q2 2014.
- Geode Capital Management's portfolio value rose 3.7% quarter-over-quarter to $155B.
Based on Geode Capital Management's 13F filing for Q2 2014, filed 13 Aug 2014.