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
|
+$321M |
| 2 |
Medtronic
MDT
|
+$290M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$101M |
| 5 |
Microsoft
MSFT
|
+$97.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWS
SWS GROUP INC
SWS
|
+$970M |
| 2 |
AGN
Allergan Inc
AGN
|
+$459M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$349M |
| 4 |
Eversource Energy
ES
|
+$130M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$93.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.99% |
| 2 | Financials | 14.59% |
| 3 | Technology | 14.54% |
| 4 | Industrials | 10.59% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1426
Tetra Tech
TTEK
$9.06B
| $9.32M | 0.01% |
1,940,050
+60,940
| +3% | +$301K |
|
1427
Matthews International
MATW
$733M
| $9.32M | 0.01% |
180,912
+9,927
| +6% | +$479K |
|
1428
Pinnacle Financial Partners Inc
PNFP
$16B
| $9.32M | 0.01% |
209,574
+3,979
| +2% | +$160K |
|
|
ARIA
1429
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $9.32M | 0.01% |
1,130,765
+88,751
| +9% | +$656K |
|
1430
Nelnet
NNI
$4.48B
| $9.29M | 0.01% |
196,394
+9,064
| +5% | +$418K |
|
|
MNDT
1431
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $9.29M | 0.01% |
236,785
+25,536
| +12% | +$987K |
|
1432
International Bancshares
IBOC
$4.48B
| $9.28M | 0.01% |
356,537
+3,359
| +1% | +$82.6K |
|
|
CYS
1433
DELISTED
CYS Investments Inc.
CYS
| $9.25M | 0.01% |
1,038,332
-121,689
| -10% | -$1.08M |
|
1434
Dorman Products
DORM
$3.95B
| $9.24M | 0.01% |
185,779
+15,474
| +9% | +$728K |
|
1435
Clearway Energy Class C
CWEN
$7.08B
| $9.22M | 0.01% |
363,716
+20,710
| +6% | +$538K |
|
1436
St. Joe Company
JOE
$3.89B
| $9.22M | 0.01% |
496,937
+20,680
| +4% | +$355K |
|
|
EE
1437
DELISTED
El Paso Electric Company
EE
| $9.21M | 0.01% |
238,332
+1,926
| +0.8% | +$74.3K |
|
|
FSP
1438
Franklin Street Properties
FSP
$45.8M
| $9.2M | 0.01% |
717,943
+41,625
| +6% | +$533K |
|
1439
Power Integrations
POWI
$3.54B
| $9.17M | 0.01% |
352,112
+5,244
| +2% | +$141K |
|
1440
Churchill Downs
CHDN
$6.18B
| $9.17M | 0.01% |
478,428
+8,292
| +2% | +$142K |
|
1441
TFS Financial
TFSL
$4.83B
| $9.15M | 0.01% |
623,330
+25,444
| +4% | +$365K |
|
|
PMT
1442
PennyMac Mortgage Investment
PMT
$824M
| $9.14M | 0.01% |
429,201
+17,084
| +4% | +$369K |
|
1443
Watts Water Technologies
WTS
$12.8B
| $9.13M | 0.01% |
165,903
+3,860
| +2% | +$220K |
|
|
WSTC
1444
DELISTED
West Corporation
WSTC
| $9.12M | 0.01% |
270,530
+76,791
| +40% | +$2.55M |
|
|
RFP
1445
DELISTED
Resolute Forest Products Inc.
RFP
| $9.11M | 0.01% |
527,914
+13,756
| +3% | +$237K |
|
1446
ICU Medical
ICUI
$4.55B
| $9.1M | 0.01% |
97,712
-340
| -0.3% | -$29.7K |
|
|
OVTI
1447
DELISTED
OMNIVISION TECHNOLOGIES INC
OVTI
| $9.08M | 0.01% |
344,251
+13,848
| +4% | +$371K |
|
|
IPHS
1448
DELISTED
Innophos Holdings, Inc.
IPHS
| $9.05M | 0.01% |
160,627
+13,570
| +9% | +$792K |
|
1449
Ormat Technologies
ORA
$7.04B
| $9.03M | 0.01% |
237,564
+122,998
| +107% | +$3.86M |
|
1450
Kaiser Aluminum
KALU
$3.16B
| $9.03M | 0.01% |
117,431
+4,340
| +4% | +$318K |
|
Similar funds
Geode Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Geode Capital Management held 4,062 positions worth $175B, up 4.1% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 4.8%. Geode Capital Management opened 82 new positions and exited 115, leaving the 4,062-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Financials and Technology.
- Geode Capital Management's largest Q1 2015 buy was TRIBUNE MEDIA COMPANY CLASS A: 453,455 shares worth $27.6M.
- Geode Capital Management added most to Allergan plc in Q1 2015, an estimated $321M increase.
- Geode Capital Management's biggest Q1 2015 reduction was Vornado Realty Trust, cutting an estimated $8.04M.
- Geode Capital Management fully exited SWS GROUP INC in Q1 2015, selling an estimated $970M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q1 2015.
- Geode Capital Management opened 82 new positions and closed 115 in Q1 2015.
- Geode Capital Management's portfolio value rose 4.1% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q1 2015, filed 14 May 2015.