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 | |
|---|---|---|---|---|---|---|
1626
Tronox
TROX
$989M
| $6.99M | ﹤0.01% |
344,003
+9,063
| +3% | +$193K |
|
1627
Tennant Co
TNC
$1.17B
| $6.97M | ﹤0.01% |
106,637
+4,120
| +4% | +$274K |
|
1628
Northwest Bancshares
NWBI
$2.31B
| $6.96M | ﹤0.01% |
587,574
+30,002
| +5% | +$357K |
|
|
CCC
1629
DELISTED
Calgon Carbon Corp
CCC
| $6.96M | ﹤0.01% |
330,431
+16,139
| +5% | +$327K |
|
|
MFRM
1630
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $6.96M | ﹤0.01% |
99,944
+3,321
| +3% | +$205K |
|
|
UTIW
1631
DELISTED
UTI WORLDWIDE INC
UTIW
| $6.96M | ﹤0.01% |
565,610
+47,624
| +9% | +$589K |
|
|
MDAS
1632
DELISTED
MEDASSETS INC COM STK (DE)
MDAS
| $6.96M | ﹤0.01% |
369,618
+7,689
| +2% | +$146K |
|
|
BLOX
1633
DELISTED
Infoblox Inc
BLOX
| $6.95M | ﹤0.01% |
291,276
+29,231
| +11% | +$628K |
|
1634
AZZ Inc
AZZ
$4.53B
| $6.95M | ﹤0.01% |
149,216
+8,625
| +6% | +$380K |
|
|
RESI
1635
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $6.95M | ﹤0.01% |
333,226
-103,983
| -24% | -$2.01M |
|
|
CONE
1636
DELISTED
CyrusOne Inc Common Stock
CONE
| $6.95M | ﹤0.01% |
223,285
-12,417
| -5% | -$367K |
|
1637
Exponent
EXPO
$3.18B
| $6.93M | ﹤0.01% |
311,984
-2,924
| -0.9% | -$62.6K |
|
|
RPT.PRD
1638
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| – | – |
0
| – | – |
|
|
ELGX
1639
DELISTED
Endologix Inc
ELGX
| $6.92M | ﹤0.01% |
40,561
+2,879
| +8% | +$436K |
|
1640
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$144M
| – | – |
0
| – | – |
|
1641
Diodes
DIOD
$4.9B
| $6.9M | ﹤0.01% |
241,694
+18,937
| +9% | +$530K |
|
|
NTK
1642
DELISTED
NORTEK INC COM NEW (DE)
NTK
| $6.89M | ﹤0.01% |
78,131
+649
| +0.8% | +$52.7K |
|
|
INN
1643
Summit Hotel Properties
INN
$651M
| $6.88M | ﹤0.01% |
489,015
-6,266
| -1% | -$83.3K |
|
1644
Eagle Bancorp
EGBN
$877M
| $6.87M | ﹤0.01% |
178,963
+29,539
| +20% | +$1.05M |
|
|
VRTU
1645
DELISTED
Virtusa Corporation
VRTU
| $6.86M | ﹤0.01% |
165,753
+11,945
| +8% | +$475K |
|
|
COR
1646
DELISTED
Coresite Realty Corporation
COR
| $6.86M | ﹤0.01% |
140,834
+15,586
| +12% | +$715K |
|
1647
First Merchants
FRME
$2.71B
| $6.85M | ﹤0.01% |
291,032
+11,964
| +4% | +$272K |
|
1648
Gogo Inc
GOGO
$383M
| $6.85M | ﹤0.01% |
359,413
+10,823
| +3% | +$184K |
|
1649
SPS Commerce
SPSC
$2.69B
| $6.85M | ﹤0.01% |
204,176
+8,064
| +4% | +$257K |
|
|
TERP
1650
DELISTED
TerraForm Power, Inc
TERP
| $6.83M | ﹤0.01% |
187,101
+56,898
| +44% | +$1.87M |
|
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.