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 | |
|---|---|---|---|---|---|---|
1501
Provident Financial Services
PFS
$3.25B
| $7.89M | ﹤0.01% |
404,580
+59,632
| +17% | +$1.14M |
|
1502
Zillow
ZG
$7.43B
| $7.88M | ﹤0.01% |
274,648
-520,187
| -65% | -$13.9M |
|
1503
S&T Bancorp
STBA
$1.81B
| $7.88M | ﹤0.01% |
241,647
+38,288
| +19% | +$1.17M |
|
|
TLN
1504
DELISTED
Talen Energy Corporation
TLN
| $7.88M | ﹤0.01% |
+780,352
| New | +$11.4M |
|
|
FRGI
1505
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $7.87M | ﹤0.01% |
173,494
+6,674
| +4% | +$344K |
|
1506
Westamerica Bancorp
WABC
$1.38B
| $7.87M | ﹤0.01% |
177,033
+1,082
| +0.6% | +$51.3K |
|
|
NGHC
1507
DELISTED
National General Holdings Corp
NGHC
| $7.85M | ﹤0.01% |
406,856
+41,411
| +11% | +$851K |
|
1508
Heritage Insurance Holdings
HRTG
$981M
| $7.83M | ﹤0.01% |
397,173
+214,360
| +117% | +$4.56M |
|
1509
Astronics
ATRO
$4.32B
| $7.83M | ﹤0.01% |
353,445
+34,454
| +11% | +$1.07M |
|
1510
Boyd Gaming
BYD
$6.01B
| $7.82M | ﹤0.01% |
479,952
+27,881
| +6% | +$462K |
|
|
HRG
1511
DELISTED
HRG Group, Inc.
HRG
| $7.82M | ﹤0.01% |
666,467
+15,483
| +2% | +$202K |
|
|
ACOR
1512
DELISTED
Acorda Therapeutics
ACOR
| $7.81M | ﹤0.01% |
2,456
+26
| +1% | +$101K |
|
1513
Mine Safety
MSA
$7.45B
| $7.81M | ﹤0.01% |
195,453
+5,078
| +3% | +$236K |
|
|
MDAS
1514
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $7.8M | ﹤0.01% |
389,050
+17,582
| +5% | +$375K |
|
|
VWR
1515
DELISTED
VWR Corporation
VWR
| $7.78M | ﹤0.01% |
302,873
+15,523
| +5% | +$407K |
|
1516
Wabash National
WNC
$500M
| $7.75M | ﹤0.01% |
732,375
+111,248
| +18% | +$1.37M |
|
|
AYR
1517
DELISTED
Aircastle Ltd
AYR
| $7.73M | ﹤0.01% |
375,061
+4,144
| +1% | +$91K |
|
1518
Exelixis
EXEL
$12.7B
| $7.72M | ﹤0.01% |
1,376,465
+223,018
| +19% | +$1.21M |
|
1519
Cogent Communications
CCOI
$552M
| $7.72M | ﹤0.01% |
284,219
+4,418
| +2% | +$130K |
|
|
SWFT
1520
DELISTED
Swift Transportation Company
SWFT
| $7.7M | ﹤0.01% |
512,640
+8,515
| +2% | +$179K |
|
1521
Olin
OLN
$2.12B
| $7.69M | ﹤0.01% |
457,667
-23,113
| -5% | -$488K |
|
1522
Northwest Natural Holdings
NWN
$2.11B
| $7.69M | ﹤0.01% |
167,700
+2,175
| +1% | +$95.6K |
|
|
PCH
1523
DELISTED
PotlatchDeltic
PCH
| $7.68M | ﹤0.01% |
266,851
+13,247
| +5% | +$444K |
|
1524
Ingles Markets
IMKTA
$1.67B
| $7.68M | ﹤0.01% |
160,530
+4,543
| +3% | +$224K |
|
|
SYNH
1525
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $7.68M | ﹤0.01% |
191,959
+70,581
| +58% | +$3.08M |
|
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.