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 | |
|---|---|---|---|---|---|---|
|
PIR
1926
DELISTED
Pier 1 Imports, Inc.
PIR
| $5.92M | ﹤0.01% |
34,647
+6,190
| +22% | +$718K |
|
|
AVXS
1927
DELISTED
AveXis, Inc. Common Stock
AVXS
| $5.92M | ﹤0.01% |
123,937
+32,070
| +35% | +$1.71M |
|
|
CUDA
1928
DELISTED
Barracuda Networks, Inc.
CUDA
| $5.9M | ﹤0.01% |
275,351
+100,294
| +57% | +$2.34M |
|
|
KCG
1929
DELISTED
KCG Holdings, Inc.
KCG
| $5.89M | ﹤0.01% |
444,734
-10,957
| -2% | -$154K |
|
1930
Anika Therapeutics
ANIK
$283M
| $5.88M | ﹤0.01% |
120,164
-3,454
| -3% | -$160K |
|
|
GTS
1931
DELISTED
Triple-S Management Corporation
GTS
| $5.86M | ﹤0.01% |
297,532
+23,959
| +9% | +$499K |
|
|
NWLI
1932
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $5.86M | ﹤0.01% |
18,848
+1,751
| +10% | +$440K |
|
1933
Paylocity
PCTY
$8.1B
| $5.85M | ﹤0.01% |
194,914
+24,353
| +14% | +$907K |
|
1934
Lindsay Corp
LNN
$1.17B
| $5.84M | ﹤0.01% |
78,311
+2,111
| +3% | +$167K |
|
|
GHL
1935
DELISTED
Greenhill & Co., Inc.
GHL
| $5.84M | ﹤0.01% |
210,811
+7,776
| +4% | +$200K |
|
|
SN
1936
DELISTED
Sanchez Energy Corporation
SN
| $5.81M | ﹤0.01% |
643,799
+247,478
| +62% | +$1.98M |
|
|
P
1937
Everpure Inc
P
$39B
| $5.8M | ﹤0.01% |
512,856
+27,379
| +6% | +$355K |
|
|
FFG
1938
DELISTED
FBL Financial Group
FFG
| $5.79M | ﹤0.01% |
74,139
+561
| +0.8% | +$40.3K |
|
|
ARR
1939
Armour Residential REIT
ARR
$2.37B
| $5.78M | ﹤0.01% |
53,265
+3,288
| +7% | +$365K |
|
1940
Fox Factory Holding Corp
FOXF
$886M
| $5.76M | ﹤0.01% |
207,689
+25,651
| +14% | +$612K |
|
1941
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.44B
| $5.76M | ﹤0.01% |
303,428
+35,549
| +13% | +$732K |
|
|
LBAI
1942
DELISTED
Lakeland Bancorp Inc
LBAI
| $5.76M | ﹤0.01% |
295,223
+14,472
| +5% | +$235K |
|
1943
James River Group Holdings
JRVR
$200M
| $5.75M | ﹤0.01% |
138,416
+28,514
| +26% | +$1.11M |
|
1944
Center Bancorp
CNOB
$1.81B
| $5.75M | ﹤0.01% |
221,406
+5,836
| +3% | +$127K |
|
1945
CBIZ
CBZ
$2.96B
| $5.71M | ﹤0.01% |
416,999
+12,296
| +3% | +$149K |
|
|
CWEN.A
1946
DELISTED
Clearway Energy Class A
CWEN.A
| $5.69M | ﹤0.01% |
370,391
+75,037
| +25% | +$1.13M |
|
|
WIN
1947
DELISTED
Windstream Holdings Inc
WIN
| $5.68M | ﹤0.01% |
155,111
+11,297
| +8% | +$440K |
|
|
CNR
1948
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $5.68M | ﹤0.01% |
362,871
-25,236
| -7% | -$394K |
|
|
DPLO
1949
DELISTED
DIPLOMAT PHARMACY, INC.
DPLO
| $5.68M | ﹤0.01% |
450,707
+173,460
| +63% | +$3.23M |
|
|
GTY
1950
Getty Realty Corp
GTY
$2.05B
| $5.68M | ﹤0.01% |
222,678
+17,598
| +9% | +$413K |
|
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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.