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 | |
|---|---|---|---|---|---|---|
1601
St. Joe Company
JOE
$3.89B
| $9.49M | ﹤0.01% |
499,584
+20,778
| +4% | +$398K |
|
1602
Agree Realty
ADC
$9.34B
| $9.49M | ﹤0.01% |
206,002
+25,906
| +14% | +$1.18M |
|
1603
Emergent Biosolutions
EBS
$230M
| $9.46M | ﹤0.01% |
288,245
+13,426
| +5% | +$403K |
|
|
AXON
1604
Axon Enterprise
AXON
$50B
| $9.46M | ﹤0.01% |
390,270
+19,391
| +5% | +$478K |
|
|
HMHC
1605
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $9.44M | ﹤0.01% |
870,516
+80,004
| +10% | +$937K |
|
|
TGI
1606
DELISTED
Triumph Group
TGI
| $9.39M | ﹤0.01% |
354,432
+7,080
| +2% | +$188K |
|
1607
Ollie's Bargain Outlet
OLLI
$4.7B
| $9.37M | ﹤0.01% |
329,352
+18,374
| +6% | +$530K |
|
1608
ICF International
ICFI
$1.6B
| $9.36M | ﹤0.01% |
169,596
+30,874
| +22% | +$1.57M |
|
1609
MACOM Technology Solutions
MTSI
$23.5B
| $9.32M | ﹤0.01% |
201,330
+31,292
| +18% | +$1.37M |
|
1610
Stock Yards Bancorp
SYBT
$2.64B
| $9.31M | ﹤0.01% |
198,221
+1,575
| +0.8% | +$61.9K |
|
1611
iShares MSCI Emerging Markets ETF
EEM
$30.5B
| – | – |
0
| – | – |
|
1612
Veeco
VECO
$3.28B
| $9.29M | ﹤0.01% |
318,607
+26,019
| +9% | +$651K |
|
|
RYAM.PRA
1613
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
| – | – |
0
| – | – |
|
1614
SPS Commerce
SPSC
$2.86B
| $9.26M | ﹤0.01% |
265,108
+15,878
| +6% | +$543K |
|
|
FLOW
1615
DELISTED
SPX FLOW, Inc.
FLOW
| $9.26M | ﹤0.01% |
288,857
+14,705
| +5% | +$431K |
|
1616
Azenta
AZTA
$1.49B
| $9.25M | ﹤0.01% |
541,896
-41,888
| -7% | -$630K |
|
1617
Repligen
RGEN
$9.45B
| $9.22M | ﹤0.01% |
299,146
+32,487
| +12% | +$1M |
|
1618
AMERISAFE
AMSF
$504M
| $9.2M | ﹤0.01% |
147,563
-15,505
| -10% | -$941K |
|
1619
Huron Consulting
HURN
$2.47B
| $9.17M | ﹤0.01% |
181,015
+21,713
| +14% | +$1.16M |
|
1620
Comfort Systems
FIX
$60.8B
| $9.14M | ﹤0.01% |
274,455
+18,382
| +7% | +$573K |
|
|
CDEVW
1621
DELISTED
Centennial Resource Development, Inc. Warrants Business Combination
CDEVW
| $9.13M | ﹤0.01% |
+1,094,107
| New | +$6.61M |
|
|
IPXL
1622
DELISTED
Impax Laboratories, Inc.
IPXL
| $9.11M | ﹤0.01% |
687,801
+95,391
| +16% | +$1.63M |
|
1623
Andersons Inc
ANDE
$2.21B
| $9.1M | ﹤0.01% |
203,611
+10,262
| +5% | +$401K |
|
|
CBF
1624
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
| $9.1M | ﹤0.01% |
231,731
+56,197
| +32% | +$1.97M |
|
|
INFN
1625
DELISTED
Infinera Corporation Common Stock
INFN
| $9.09M | ﹤0.01% |
1,070,942
+80,405
| +8% | +$689K |
|
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.