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 | |
|---|---|---|---|---|---|---|
|
HTZ
1476
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $11.3M | 0.01% |
601,046
+30,259
| +5% | +$757K |
|
1477
Pacira BioSciences
PCRX
$924M
| $11.3M | 0.01% |
348,530
+48,078
| +16% | +$1.6M |
|
1478
Employers Holdings
EIG
$871M
| $11.2M | 0.01% |
283,560
+4,897
| +2% | +$166K |
|
1479
Forward Air
FWRD
$682M
| $11.2M | 0.01% |
236,866
+14,514
| +7% | +$664K |
|
|
PINC
1480
DELISTED
Premier
PINC
| $11.2M | 0.01% |
369,264
+35,983
| +11% | +$1.11M |
|
1481
Kearny Financial
KRNY
$604M
| $11.2M | 0.01% |
719,456
+134,541
| +23% | +$1.98M |
|
1482
Enerpac Tool Group
EPAC
$1.89B
| $11.2M | 0.01% |
430,216
+13,729
| +3% | +$344K |
|
|
EXAS
1483
DELISTED
Exact Sciences
EXAS
| $11.2M | 0.01% |
835,261
+45,689
| +6% | +$738K |
|
1484
Kaiser Aluminum
KALU
$2.99B
| $11.1M | 0.01% |
142,598
+11,308
| +9% | +$903K |
|
|
ZEN
1485
DELISTED
ZENDESK INC
ZEN
| $11M | 0.01% |
521,028
+44,864
| +9% | +$1.09M |
|
1486
Boston Beer
SAM
$1.9B
| $11M | 0.01% |
65,022
+1,752
| +3% | +$290K |
|
1487
Walker & Dunlop
WD
$1.47B
| $11M | 0.01% |
353,690
+49,342
| +16% | +$1.38M |
|
1488
Inogen
INGN
$154M
| $11M | 0.01% |
163,786
+14,542
| +10% | +$897K |
|
|
EXPR
1489
DELISTED
Express, Inc.
EXPR
| $11M | 0.01% |
50,915
+15,818
| +45% | +$3.88M |
|
|
ANAT
1490
DELISTED
American National Group, Inc. Common Stock
ANAT
| $10.9M | 0.01% |
87,819
+3,831
| +5% | +$468K |
|
|
RPT.PRD
1491
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| – | – |
0
| – | – |
|
|
ARCH
1492
DELISTED
Arch Resources, Inc.
ARCH
| $10.9M | 0.01% |
+139,997
| New | +$10.6M |
|
1493
HEICO Corp
HEI
$51.9B
| $10.9M | 0.01% |
345,415
+50,666
| +17% | +$1.52M |
|
1494
Mercury Systems
MRCY
$6.59B
| $10.9M | 0.01% |
361,131
-14,168
| -4% | -$402K |
|
|
XXIA
1495
DELISTED
Ixia
XXIA
| $10.9M | 0.01% |
677,837
+161,660
| +31% | +$2.24M |
|
1496
Pegasystems
PEGA
$5.51B
| $10.9M | 0.01% |
605,766
+45,046
| +8% | +$753K |
|
1497
ESCO Technologies
ESE
$7.79B
| $10.9M | 0.01% |
192,238
+7,625
| +4% | +$389K |
|
1498
First Interstate BancSystem
FIBK
$3.7B
| $10.8M | 0.01% |
254,840
+37,320
| +17% | +$1.36M |
|
1499
Knowles
KN
$3.23B
| $10.8M | 0.01% |
643,864
+44,325
| +7% | +$691K |
|
1500
Sarepta Therapeutics
SRPT
$1.95B
| $10.7M | 0.01% |
391,444
+41,926
| +12% | +$1.68M |
|
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.