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
|
+$963M |
| 2 |
Kraft Heinz
KHC
|
+$367M |
| 3 |
PayPal
PYPL
|
+$328M |
| 4 |
AT&T
T
|
+$279M |
| 5 |
Monster Beverage
MNST
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$394M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$366M |
| 3 |
eBay
EBAY
|
+$327M |
| 4 |
Comcast
CMCSA
|
+$172M |
| 5 |
Baxter International
BAX
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.36% |
| 2 | Healthcare | 14.66% |
| 3 | Technology | 14.28% |
| 4 | Industrials | 10.17% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
General Mills
GIS
$19.7B
| $262M | 0.16% |
4,669,640
+52,141
| +1% | +$2.99M |
|
127
Yum! Brands
YUM
$41.1B
| $261M | 0.16% |
4,543,074
+35,149
| +0.8% | +$2.13M |
|
|
SCHW
128
Charles Schwab
SCHW
$187B
| $258M | 0.16% |
9,069,639
+369,271
| +4% | +$11.9M |
|
129
Travelers Companies
TRV
$80.2B
| $258M | 0.16% |
2,594,243
+12,195
| +0.5% | +$1.25M |
|
130
Broadcom
AVGO
$2.04T
| $257M | 0.16% |
20,628,180
+674,410
| +3% | +$8.52M |
|
131
CME Group
CME
$94.8B
| $255M | 0.15% |
2,759,156
+191,864
| +7% | +$18.2M |
|
132
Equity Residential
EQR
$25.1B
| $255M | 0.15% |
3,402,124
-8,965
| -0.3% | -$659K |
|
133
Valero Energy
VLO
$85.9B
| $253M | 0.15% |
4,224,266
-2,667
| -0.1% | -$169K |
|
134
LyondellBasell Industries
LYB
$19.2B
| $252M | 0.15% |
3,030,023
-93,923
| -3% | -$8.35M |
|
|
PCP
135
DELISTED
PRECISION CASTPARTS CORP
PCP
| $250M | 0.15% |
1,089,139
+27,630
| +3% | +$5.93M |
|
|
APC
136
DELISTED
Anadarko Petroleum
APC
| $247M | 0.15% |
4,103,532
+33,617
| +0.8% | +$2.39M |
|
137
Halliburton
HAL
$26.6B
| $243M | 0.15% |
6,885,826
+79,811
| +1% | +$3.14M |
|
138
Northrop Grumman
NOC
$81.2B
| $241M | 0.15% |
1,454,608
-104,645
| -7% | -$17.5M |
|
|
BRCM
139
DELISTED
BROADCOM CORP CL-A
BRCM
| $235M | 0.14% |
4,579,660
+148,550
| +3% | +$7.64M |
|
140
Emerson Electric
EMR
$88.3B
| $231M | 0.14% |
5,232,928
-23,670
| -0.5% | -$1.16M |
|
|
141
eBay
EBAY
$49.8B
| $230M | 0.14% |
9,448,620
-12,163,804
| -56% | -$327M |
|
142
Stryker
SYK
$130B
| $228M | 0.14% |
2,427,671
+153,401
| +7% | +$15.2M |
|
|
CB
143
DELISTED
CHUBB CORPORATION
CB
| $227M | 0.14% |
1,850,995
+24,246
| +1% | +$2.97M |
|
144
Welltower
WELL
$171B
| $226M | 0.14% |
3,339,220
+17,177
| +0.5% | +$1.15M |
|
|
PX
145
DELISTED
Praxair Inc
PX
| $225M | 0.14% |
2,217,398
+17,131
| +0.8% | +$1.89M |
|
146
AvalonBay Communities
AVB
$26.8B
| $224M | 0.14% |
1,282,667
+2,772
| +0.2% | +$470K |
|
147
Ecolab
ECL
$79.9B
| $223M | 0.14% |
2,037,768
+2,913
| +0.1% | +$326K |
|
148
Exelon
EXC
$47B
| $222M | 0.13% |
10,513,769
+874,190
| +9% | +$19.7M |
|
149
Truist Financial
TFC
$64B
| $218M | 0.13% |
6,131,181
+483,400
| +9% | +$18.7M |
|
150
American Electric Power
AEP
$68.4B
| $217M | 0.13% |
3,831,456
+34,638
| +0.9% | +$1.92M |
|
Similar funds
Geode Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Geode Capital Management held 4,216 positions worth $165B, down 5.9% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q3 2015 filing shows 234 new, 2,897 increased, 624 reduced and 88 closed positions. Its largest new stake was Allergan plc: 3,134,775 shares worth $850M. The largest sale was KRAFT FOODS GROUP INC COM STK (VA), an estimated $394M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q3 2015 buy was Allergan plc: 3,134,775 shares worth $850M.
- Geode Capital Management added most to AT&T in Q3 2015, an estimated $279M increase.
- Geode Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $327M.
- Geode Capital Management fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $394M.
- Geode Capital Management's ten largest holdings make up 15% of its $165B portfolio in Q3 2015.
- Geode Capital Management opened 234 new positions and closed 88 in Q3 2015.
- Geode Capital Management's portfolio value fell 5.9% quarter-over-quarter to $165B.
Based on Geode Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.