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 | |
|---|---|---|---|---|---|---|
1951
Lakeland Financial Corp
LKFN
$1.55B
| $4.17M | ﹤0.01% |
153,977
+11,228
| +8% | +$300K |
|
|
SASR
1952
DELISTED
Sandy Spring Bancorp Inc
SASR
| $4.16M | ﹤0.01% |
158,628
+14,804
| +10% | +$379K |
|
1953
Cleveland-Cliffs
CLF
$6.99B
| $4.14M | ﹤0.01% |
860,787
+65,161
| +8% | +$420K |
|
|
UBA
1954
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $4.13M | ﹤0.01% |
178,969
+28,609
| +19% | +$657K |
|
|
GRUB
1955
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $4.13M | ﹤0.01% |
45,460
+1,207
| +3% | +$97.2K |
|
1956
United Fire Group
UFCS
$1.37B
| $4.12M | ﹤0.01% |
129,749
+6,169
| +5% | +$181K |
|
1957
Advanced Drainage Systems
WMS
$10.6B
| $4.12M | ﹤0.01% |
137,736
+3,496
| +3% | +$91K |
|
1958
RPC Inc
RES
$1.4B
| $4.12M | ﹤0.01% |
321,831
-25,854
| -7% | -$324K |
|
1959
MYR Group
MYRG
$5.18B
| $4.11M | ﹤0.01% |
131,092
+1,194
| +0.9% | +$32.4K |
|
|
RKUS
1960
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $4.1M | ﹤0.01% |
318,666
+14,448
| +5% | +$162K |
|
1961
Regis Corp
RGS
$69.3M
| $4.09M | ﹤0.01% |
12,494
+396
| +3% | +$129K |
|
1962
Primoris Services
PRIM
$4.39B
| $4.08M | ﹤0.01% |
237,339
+22,107
| +10% | +$432K |
|
1963
Quad
QUAD
$507M
| $4.08M | ﹤0.01% |
177,363
+33,250
| +23% | +$736K |
|
|
TVTY
1964
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $4.07M | ﹤0.01% |
206,508
+3,808
| +2% | +$79.6K |
|
|
ENT
1965
DELISTED
Global Eagle Entertainment Inc.
ENT
| $4.05M | ﹤0.01% |
12,187
+102
| +0.8% | +$35.9K |
|
1966
Southside Bancshares
SBSI
$979M
| $4.05M | ﹤0.01% |
159,657
+8,665
| +6% | +$219K |
|
1967
TherapeuticsMD
TXMD
$24.1M
| $4.05M | ﹤0.01% |
13,382
+315
| +2% | +$76.9K |
|
|
RRTS
1968
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $4.05M | ﹤0.01% |
6,408
+582
| +10% | +$349K |
|
|
AEGN
1969
DELISTED
Aegion Corp
AEGN
| $4.05M | ﹤0.01% |
224,295
-6,867
| -3% | -$117K |
|
|
INSY
1970
DELISTED
Insys Therapeutics, Inc.
INSY
| $4.04M | ﹤0.01% |
138,950
+8,974
| +7% | +$237K |
|
|
QTS
1971
DELISTED
QTS REALTY TRUST, INC.
QTS
| $4.01M | ﹤0.01% |
110,206
+26,623
| +32% | +$986K |
|
|
TBRG
1972
DELISTED
TruBridge
TBRG
| $4.01M | ﹤0.01% |
73,915
+2,275
| +3% | +$125K |
|
|
BBT
1973
Beacon Financial Corp
BBT
$2.69B
| $4M | ﹤0.01% |
144,516
+11,461
| +9% | +$300K |
|
1974
Quanex
NX
$1B
| $4M | ﹤0.01% |
202,659
+1,577
| +0.8% | +$30.4K |
|
1975
Daktronics
DAKT
$997M
| $4M | ﹤0.01% |
369,868
+59,961
| +19% | +$695K |
|
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.