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 | |
|---|---|---|---|---|---|---|
|
IMGN
1851
DELISTED
Immunogen Inc
IMGN
| $4.92M | ﹤0.01% |
549,687
+16,035
| +3% | +$116K |
|
|
ADAM
1852
Adamas Trust
ADAM
$913M
| $4.92M | ﹤0.01% |
158,430
+6,543
| +4% | +$204K |
|
|
DMND
1853
DELISTED
DIAMOND FOODS, INC.
DMND
| $4.91M | ﹤0.01% |
150,781
+13,386
| +10% | +$377K |
|
1854
QuidelOrtho
QDEL
$1.02B
| $4.89M | ﹤0.01% |
181,207
+13,193
| +8% | +$337K |
|
1855
Iridium Communications
IRDM
$5.26B
| $4.89M | ﹤0.01% |
503,322
+27,458
| +6% | +$256K |
|
1856
First Interstate BancSystem
FIBK
$3.67B
| $4.88M | ﹤0.01% |
175,554
+7,798
| +5% | +$204K |
|
|
CVGW
1857
DELISTED
Calavo Growers
CVGW
| $4.88M | ﹤0.01% |
94,874
+11,051
| +13% | +$495K |
|
1858
Tootsie Roll Industries
TR
$3.05B
| $4.87M | ﹤0.01% |
198,806
+1,776
| +0.9% | +$40.7K |
|
|
BGC
1859
DELISTED
General Cable Corporation
BGC
| $4.87M | ﹤0.01% |
282,496
+13,779
| +5% | +$195K |
|
1860
Astec Industries
ASTE
$994M
| $4.85M | ﹤0.01% |
113,090
+3,321
| +3% | +$131K |
|
|
RAVN
1861
DELISTED
Raven Industries Inc
RAVN
| $4.85M | ﹤0.01% |
236,879
+19,911
| +9% | +$431K |
|
|
WAIR
1862
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $4.84M | ﹤0.01% |
315,886
+17,963
| +6% | +$258K |
|
1863
National Healthcare
NHC
$3.47B
| $4.82M | ﹤0.01% |
75,693
+245
| +0.3% | +$15.6K |
|
1864
Globalstar
GSAT
$10.8B
| $4.81M | ﹤0.01% |
96,324
+1,604
| +2% | +$66.2K |
|
1865
Azenta
AZTA
$1.47B
| $4.81M | ﹤0.01% |
413,405
+28,065
| +7% | +$344K |
|
|
KITE
1866
DELISTED
Kite Pharma, Inc.
KITE
| $4.8M | ﹤0.01% |
83,282
+14,641
| +21% | +$981K |
|
|
IPCM
1867
DELISTED
IPC HEALTHCARE INC COM DTD
IPCM
| $4.8M | ﹤0.01% |
102,873
+1,055
| +1% | +$46K |
|
|
HEES
1868
DELISTED
H&E Equipment Services
HEES
| $4.76M | ﹤0.01% |
190,594
+16,081
| +9% | +$362K |
|
1869
Omeros
OMER
$992M
| $4.76M | ﹤0.01% |
215,939
+33,627
| +18% | +$768K |
|
1870
UNIFI
UFI
$127M
| $4.75M | ﹤0.01% |
131,605
+26,912
| +26% | +$878K |
|
1871
Cooper-Standard Automotive
CPS
$490M
| $4.74M | ﹤0.01% |
80,018
+2,521
| +3% | +$138K |
|
|
MITT
1872
TPG Mortgage Investment Trust
MITT
$213M
| $4.73M | ﹤0.01% |
83,724
+8,916
| +12% | +$499K |
|
|
TGH
1873
DELISTED
Textainer Group Holdings limited
TGH
| $4.73M | ﹤0.01% |
157,613
+39,026
| +33% | +$1.25M |
|
|
SBY
1874
DELISTED
Silver Bay Realty Trust Corp.
SBY
| $4.72M | ﹤0.01% |
292,226
+22,950
| +9% | +$367K |
|
|
LL
1875
DELISTED
LL Flooring Holdings, Inc.
LL
| $4.71M | ﹤0.01% |
153,011
+5,963
| +4% | +$305K |
|
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.