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 | |
|---|---|---|---|---|---|---|
|
PMC
1751
DELISTED
PharMerica Corporation
PMC
| $5.87M | ﹤0.01% |
208,344
-63,696
| -23% | -$1.58M |
|
|
KG
1752
Kestrel Group
KG
$66.9M
| $5.86M | ﹤0.01% |
19,756
+2,317
| +13% | +$639K |
|
1753
Rush Enterprises Class A
RUSHA
$9.41B
| $5.85M | ﹤0.01% |
481,102
+29,817
| +7% | +$377K |
|
|
WEB
1754
DELISTED
Web.com Group, Inc.
WEB
| $5.84M | ﹤0.01% |
308,156
+16,005
| +5% | +$278K |
|
|
DENN
1755
DELISTED
Denny's
DENN
| $5.84M | ﹤0.01% |
512,078
+7,365
| +1% | +$82.2K |
|
|
UHT
1756
Universal Health Realty Income Trust
UHT
$572M
| $5.83M | ﹤0.01% |
103,667
+6,612
| +7% | +$346K |
|
|
BFS
1757
Saul Centers
BFS
$852M
| $5.83M | ﹤0.01% |
101,872
+4,018
| +4% | +$227K |
|
1758
Crocs
CROX
$6.26B
| $5.82M | ﹤0.01% |
493,222
-6,017
| -1% | -$67.4K |
|
1759
Safety Insurance
SAFT
$1.52B
| $5.82M | ﹤0.01% |
97,459
+6,210
| +7% | +$381K |
|
1760
Kadant
KAI
$3.94B
| $5.82M | ﹤0.01% |
110,601
+6,090
| +6% | +$269K |
|
|
IRBT
1761
DELISTED
iRobot
IRBT
| $5.8M | ﹤0.01% |
177,803
+10,166
| +6% | +$330K |
|
|
IPCC
1762
DELISTED
Infinity Property & Casualty C
IPCC
| $5.77M | ﹤0.01% |
70,333
+3,391
| +5% | +$259K |
|
1763
Movado Group
MOV
$815M
| $5.77M | ﹤0.01% |
202,256
+7,948
| +4% | +$199K |
|
1764
SunCoke Energy
SXC
$800M
| $5.72M | ﹤0.01% |
382,734
+1,932
| +0.5% | +$33K |
|
|
EBIX
1765
DELISTED
Ebix Inc
EBIX
| $5.71M | ﹤0.01% |
188,089
+8,022
| +4% | +$201K |
|
|
TRNX
1766
DELISTED
TORNIER N V SHARES (NLD)
TRNX
| $5.71M | ﹤0.01% |
217,597
+4,220
| +2% | +$107K |
|
|
TBI
1767
Trueblue
TBI
$302M
| $5.69M | ﹤0.01% |
233,667
-279
| -0.1% | -$6.27K |
|
|
KCG
1768
DELISTED
KCG Holdings, Inc.
KCG
| $5.69M | ﹤0.01% |
464,088
| – | – |
|
1769
Marcus & Millichap
MMI
$1.18B
| $5.69M | ﹤0.01% |
151,770
+50,931
| +51% | +$1.82M |
|
1770
Metallus
MTUS
$900M
| $5.68M | ﹤0.01% |
214,475
+4,685
| +2% | +$138K |
|
1771
National CineMedia
NCMI
$207M
| $5.67M | ﹤0.01% |
37,547
+2,606
| +7% | +$388K |
|
|
VG
1772
DELISTED
Vonage Holdings Corporation
VG
| $5.65M | ﹤0.01% |
1,151,829
+109,012
| +10% | +$487K |
|
1773
Alamo Group
ALG
$2.01B
| $5.65M | ﹤0.01% |
89,545
+9,692
| +12% | +$502K |
|
1774
Terreno Realty
TRNO
$7.48B
| $5.65M | ﹤0.01% |
247,900
+33,013
| +15% | +$743K |
|
|
TDAY
1775
USA Today Co
TDAY
$1.01B
| $5.64M | ﹤0.01% |
235,771
+56,249
| +31% | +$1.31M |
|
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.