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 | |
|---|---|---|---|---|---|---|
|
CALY
1776
Callaway Golf Company
CALY
$2.95B
| $7.36M | ﹤0.01% |
671,290
+40,868
| +6% | +$463K |
|
1777
OceanFirst Financial
OCFC
$1.88B
| $7.36M | ﹤0.01% |
245,016
+82,274
| +51% | +$1.92M |
|
|
PPBI
1778
DELISTED
Pacific Premier Bancorp
PPBI
| $7.33M | ﹤0.01% |
207,523
+22,694
| +12% | +$682K |
|
|
KE
1779
Kimball Electronics
KE
$626M
| $7.33M | ﹤0.01% |
402,743
+72,744
| +22% | +$1.17M |
|
|
EPAY
1780
DELISTED
Bottomline Technologies Inc
EPAY
| $7.32M | ﹤0.01% |
292,638
+9,068
| +3% | +$215K |
|
|
BFS
1781
Saul Centers
BFS
$865M
| $7.32M | ﹤0.01% |
109,886
+1,919
| +2% | +$122K |
|
1782
Builders FirstSource
BLDR
$7.91B
| $7.32M | ﹤0.01% |
667,020
+44,428
| +7% | +$482K |
|
1783
Primoris Services
PRIM
$4.35B
| $7.31M | ﹤0.01% |
321,048
+34,609
| +12% | +$761K |
|
|
CRAY
1784
DELISTED
Cray, Inc.
CRAY
| $7.3M | ﹤0.01% |
352,673
+20,995
| +6% | +$432K |
|
1785
Helix Energy Solutions
HLX
$1.49B
| $7.27M | ﹤0.01% |
824,222
+149,064
| +22% | +$1.44M |
|
|
DCOM
1786
DELISTED
Dime Community Bancshares
DCOM
| $7.24M | ﹤0.01% |
360,133
+26,208
| +8% | +$474K |
|
1787
Washington Trust Bancorp
WASH
$767M
| $7.23M | ﹤0.01% |
128,958
+6,648
| +5% | +$326K |
|
1788
McGrath RentCorp
MGRC
$2.94B
| $7.23M | ﹤0.01% |
184,384
+17,269
| +10% | +$603K |
|
|
VASC
1789
DELISTED
Vascular Solutions Inc
VASC
| $7.22M | ﹤0.01% |
128,728
-5,370
| -4% | -$274K |
|
|
MNTA
1790
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $7.2M | ﹤0.01% |
478,588
+14,557
| +3% | +$192K |
|
1791
Liberty Latin America Class A
LILA
$1.67B
| $7.18M | ﹤0.01% |
510,540
+19,595
| +4% | +$298K |
|
|
OPB
1792
DELISTED
Opus Bank Common Stock
OPB
| $7.18M | ﹤0.01% |
238,852
+61,535
| +35% | +$1.64M |
|
1793
Cato Corp
CATO
$66.7M
| $7.17M | ﹤0.01% |
238,460
+40,029
| +20% | +$1.23M |
|
1794
SPX Corp
SPXC
$10.6B
| $7.17M | ﹤0.01% |
302,298
+18,798
| +7% | +$412K |
|
1795
Universal Electronics
UEIC
$66.6M
| $7.16M | ﹤0.01% |
110,924
+7,491
| +7% | +$509K |
|
1796
AMC Entertainment Holdings
AMC
$2.35B
| $7.15M | ﹤0.01% |
21,261
+5,656
| +36% | +$1.86M |
|
|
UBNK
1797
DELISTED
United Financial Bancorp, Inc.
UBNK
| $7.14M | ﹤0.01% |
393,051
+18,259
| +5% | +$292K |
|
|
USCR
1798
DELISTED
U S Concrete, Inc.
USCR
| $7.13M | ﹤0.01% |
108,913
+10,059
| +10% | +$560K |
|
1799
Central Pacific Financial
CPF
$1B
| $7.13M | ﹤0.01% |
226,795
+12,846
| +6% | +$363K |
|
1800
National Bank Holdings
NBHC
$1.94B
| $7.11M | ﹤0.01% |
222,984
-92,863
| -29% | -$2.49M |
|
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.