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 | |
|---|---|---|---|---|---|---|
|
MEG
1551
DELISTED
Media General, Inc
MEG
| $7.82M | ﹤0.01% |
474,298
+85,270
| +22% | +$1.33M |
|
1552
Innospec
IOSP
$2.3B
| $7.76M | ﹤0.01% |
167,345
-14,826
| -8% | -$636K |
|
1553
KB Home
KBH
$3.48B
| $7.75M | ﹤0.01% |
496,446
+35,210
| +8% | +$491K |
|
|
RPXC
1554
DELISTED
RPX Corporation
RPXC
| $7.75M | ﹤0.01% |
538,683
+45,349
| +9% | +$624K |
|
1555
Brink's
BCO
$4.63B
| $7.72M | ﹤0.01% |
279,590
+20,269
| +8% | +$521K |
|
1556
BJ's Restaurants
BJRI
$1.45B
| $7.71M | ﹤0.01% |
152,742
+10,504
| +7% | +$517K |
|
1557
Seaboard Corp
SEB
$4.05B
| $7.68M | ﹤0.01% |
1,860
+246
| +15% | +$986K |
|
|
TTPH
1558
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $7.68M | ﹤0.01% |
10,483
+1,832
| +21% | +$1.38M |
|
1559
Granite Construction
GVA
$5.53B
| $7.67M | ﹤0.01% |
218,254
+2,537
| +1% | +$88.2K |
|
1560
NBT Bancorp
NBTB
$2.76B
| $7.66M | ﹤0.01% |
305,820
+10,346
| +4% | +$252K |
|
|
TAL
1561
DELISTED
TAL INTERNATIONAL GROUP, INC.
TAL
| $7.66M | ﹤0.01% |
188,133
-82
| -0% | -$3.4K |
|
1562
Red Robin
RRGB
$149M
| $7.64M | ﹤0.01% |
87,880
+6,852
| +8% | +$555K |
|
|
MORE
1563
DELISTED
Monogram Residential Trust, Inc.
MORE
| $7.64M | ﹤0.01% |
+820,282
| New | +$7.59M |
|
1564
Cato Corp
CATO
$65.9M
| $7.64M | ﹤0.01% |
192,938
+16,434
| +9% | +$698K |
|
1565
NETGEAR
NTGR
$651M
| $7.62M | ﹤0.01% |
231,721
+22,582
| +11% | +$748K |
|
|
UCB
1566
United Community Banks
UCB
$4.37B
| $7.6M | ﹤0.01% |
402,777
-8,443
| -2% | -$156K |
|
|
CKH
1567
DELISTED
Seacor Holdings Inc.
CKH
| $7.6M | ﹤0.01% |
112,809
+107
| +0.1% | +$7.4K |
|
|
MODV
1568
DELISTED
ModivCare
MODV
| $7.59M | ﹤0.01% |
142,985
+5,265
| +4% | +$225K |
|
1569
Park National Corp
PRK
$3.69B
| $7.56M | ﹤0.01% |
88,413
+1,276
| +1% | +$108K |
|
|
LUMO
1570
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
| $7.56M | ﹤0.01% |
15,354
+2,330
| +18% | +$903K |
|
1571
Veeco
VECO
$3.26B
| $7.54M | ﹤0.01% |
246,686
+8,714
| +4% | +$273K |
|
|
AXON
1572
Axon Enterprise
AXON
$49.8B
| $7.53M | ﹤0.01% |
312,418
+17,664
| +6% | +$449K |
|
1573
Clearwater Paper
CLW
$363M
| $7.52M | ﹤0.01% |
115,155
-7,599
| -6% | -$506K |
|
1574
Hope Bancorp
HOPE
$1.82B
| $7.5M | ﹤0.01% |
518,569
+5,376
| +1% | +$73.8K |
|
1575
FerroAtlántica
GSM
$828M
| $7.5M | ﹤0.01% |
396,167
+7,772
| +2% | +$131K |
|
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.