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 | |
|---|---|---|---|---|---|---|
|
CALD
1976
DELISTED
Callidus Software, Inc.
CALD
| $4M | ﹤0.01% |
315,311
+37,624
| +14% | +$547K |
|
1977
Travere Therapeutics
TVTX
$5.86B
| $4M | ﹤0.01% |
166,801
+37,769
| +29% | +$576K |
|
|
DVAX
1978
DELISTED
Dynavax Technologies
DVAX
| $3.97M | ﹤0.01% |
177,152
+29,198
| +20% | +$560K |
|
|
RATE
1979
DELISTED
Bankrate Inc
RATE
| $3.95M | ﹤0.01% |
348,769
+30,856
| +10% | +$384K |
|
|
MNR
1980
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $3.94M | ﹤0.01% |
354,632
+33,692
| +10% | +$386K |
|
|
RSO
1981
DELISTED
Resource Capital Corp.
RSO
| $3.94M | ﹤0.01% |
216,735
-24,685
| -10% | -$474K |
|
|
SAAS
1982
DELISTED
inContact, Inc.
SAAS
| $3.93M | ﹤0.01% |
361,002
+14,153
| +4% | +$142K |
|
1983
MarineMax
HZO
$1.15B
| $3.93M | ﹤0.01% |
148,292
+950
| +0.6% | +$23.2K |
|
1984
Winnebago Industries
WGO
$915M
| $3.93M | ﹤0.01% |
184,902
-40,396
| -18% | -$871K |
|
|
UDF
1985
DELISTED
UNITED DEV FDG IV COM SHS OF BENE INT (TX)
UDF
| $3.92M | ﹤0.01% |
223,922
+6,316
| +3% | +$108K |
|
1986
Washington Trust Bancorp
WASH
$750M
| $3.91M | ﹤0.01% |
102,482
+4,183
| +4% | +$159K |
|
|
SD
1987
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $3.91M | ﹤0.01% |
2,198,364
+103,615
| +5% | +$174K |
|
|
ISEE
1988
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $3.91M | ﹤0.01% |
84,065
+2,066
| +3% | +$107K |
|
|
JRN
1989
DELISTED
JOURNAL COMMUNICATIONS INC CL-A
JRN
| $3.9M | ﹤0.01% |
263,426
+22,968
| +10% | +$268K |
|
|
ATRI
1990
DELISTED
Atrion Corp
ATRI
| $3.9M | ﹤0.01% |
11,287
+1,649
| +17% | +$550K |
|
|
TRST
1991
Trustco Bank Corp NY
TRST
$963M
| $3.9M | ﹤0.01% |
113,332
+8,644
| +8% | +$292K |
|
1992
Tompkins Financial
TMP
$1.44B
| $3.87M | ﹤0.01% |
71,933
+1,622
| +2% | +$85.3K |
|
|
FFIC
1993
DELISTED
Flushing Financial
FFIC
| $3.87M | ﹤0.01% |
192,585
+1,841
| +1% | +$36K |
|
|
SHPG
1994
DELISTED
Shire pic
SHPG
| $3.82M | ﹤0.01% |
15,958
-753
| -5% | -$173K |
|
1995
Kforce
KFRC
$1.03B
| $3.81M | ﹤0.01% |
170,897
+1,713
| +1% | +$39.8K |
|
|
STNR
1996
DELISTED
STEINER LEISURE LTD
STNR
| $3.8M | ﹤0.01% |
80,237
-822
| -1% | -$37.7K |
|
|
GNCMA
1997
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $3.8M | ﹤0.01% |
241,301
+64,973
| +37% | +$953K |
|
|
ORIT
1998
DELISTED
Oritani Financial Corp. New
ORIT
| $3.79M | ﹤0.01% |
260,796
+11,467
| +5% | +$166K |
|
1999
Intrepid Potash
IPI
$490M
| $3.79M | ﹤0.01% |
32,778
+212
| +0.7% | +$27.9K |
|
2000
Cavco Industries
CVCO
$4.6B
| $3.77M | ﹤0.01% |
50,305
+6,446
| +15% | +$477K |
|
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.