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 | |
|---|---|---|---|---|---|---|
1601
California Water Service
CWT
$3.1B
| $7.25M | ﹤0.01% |
295,774
+33,583
| +13% | +$830K |
|
1602
Alaunos Therapeutics
TCRT
$4.86M
| $7.22M | ﹤0.01% |
4,471
+623
| +16% | +$923K |
|
1603
Forum Energy Technologies
FET
$927M
| $7.2M | ﹤0.01% |
18,359
+1,236
| +7% | +$447K |
|
|
ALOG
1604
DELISTED
Analogic Corp
ALOG
| $7.19M | ﹤0.01% |
79,110
+4,087
| +5% | +$352K |
|
|
ARI
1605
Apollo Commercial Real Estate
ARI
$886M
| $7.19M | ﹤0.01% |
418,414
+110,621
| +36% | +$1.86M |
|
|
PHH
1606
DELISTED
PHH Corporation
PHH
| $7.18M | ﹤0.01% |
297,089
+821
| +0.3% | +$19.8K |
|
1607
PENN Entertainment
PENN
$2.53B
| $7.17M | ﹤0.01% |
457,829
+33,765
| +8% | +$530K |
|
|
MTSC
1608
DELISTED
MTS Systems Corp
MTSC
| $7.17M | ﹤0.01% |
94,756
+7,332
| +8% | +$532K |
|
1609
Universal Electronics
UEIC
$66.6M
| $7.16M | ﹤0.01% |
126,786
+19,708
| +18% | +$1.2M |
|
1610
World Acceptance Corp
WRLD
$875M
| $7.15M | ﹤0.01% |
98,081
+8,545
| +10% | +$690K |
|
|
VSI
1611
DELISTED
Vitamin Shoppe Inc.
VSI
| $7.14M | ﹤0.01% |
173,352
+6,206
| +4% | +$262K |
|
1612
Independent Bank
INDB
$4.05B
| $7.13M | ﹤0.01% |
162,519
+14,721
| +10% | +$606K |
|
1613
Albany International
AIN
$1.82B
| $7.11M | ﹤0.01% |
178,878
+8,329
| +5% | +$311K |
|
|
STL
1614
DELISTED
Sterling Bancorp
STL
| $7.11M | ﹤0.01% |
530,113
+64,893
| +14% | +$883K |
|
|
PIR
1615
DELISTED
Pier 1 Imports, Inc.
PIR
| $7.09M | ﹤0.01% |
25,377
+243
| +1% | +$70.3K |
|
1616
GoPro
GPRO
$117M
| $7.09M | ﹤0.01% |
163,325
+18,154
| +13% | +$856K |
|
|
HA
1617
DELISTED
Hawaiian Holdings, Inc.
HA
| $7.08M | ﹤0.01% |
321,329
+6,287
| +2% | +$134K |
|
|
UNT
1618
DELISTED
UNIT Corporation
UNT
| $7.07M | ﹤0.01% |
252,699
+15,686
| +7% | +$466K |
|
1619
Scholastic
SCHL
$784M
| $7.04M | ﹤0.01% |
172,033
+15,791
| +10% | +$585K |
|
1620
Standex International
SXI
$3.97B
| $7.03M | ﹤0.01% |
85,618
-59
| -0.1% | -$4.37K |
|
|
CRAY
1621
DELISTED
Cray, Inc.
CRAY
| $7.03M | ﹤0.01% |
250,402
+18,953
| +8% | +$601K |
|
|
GES
1622
DELISTED
Guess Inc
GES
| $7.03M | ﹤0.01% |
378,039
+32,057
| +9% | +$605K |
|
|
MAGN
1623
Magnera Corp
MAGN
$433M
| $7.02M | ﹤0.01% |
19,620
+1,423
| +8% | +$458K |
|
1624
Argan
AGX
$7.84B
| $7.01M | ﹤0.01% |
193,946
-10,274
| -5% | -$335K |
|
1625
First Financial Bancorp
FFBC
$3.6B
| $7M | ﹤0.01% |
393,141
+17,793
| +5% | +$310K |
|
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.