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
|
+$963M |
| 2 |
Kraft Heinz
KHC
|
+$367M |
| 3 |
PayPal
PYPL
|
+$328M |
| 4 |
AT&T
T
|
+$279M |
| 5 |
Monster Beverage
MNST
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$394M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$366M |
| 3 |
eBay
EBAY
|
+$327M |
| 4 |
Comcast
CMCSA
|
+$172M |
| 5 |
Baxter International
BAX
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.36% |
| 2 | Healthcare | 14.66% |
| 3 | Technology | 14.28% |
| 4 | Industrials | 10.17% |
| 5 | Consumer Discretionary | 9.53% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Cavco Industries
CVCO
$4.6B
| $3.74M | ﹤0.01% |
54,976
+2,531
| +5% | +$184K |
|
|
FNBC
2002
DELISTED
First NBC Bank Holding Company
FNBC
| $3.73M | ﹤0.01% |
106,620
+53,932
| +102% | +$1.95M |
|
2003
Gibraltar Industries
ROCK
$1.46B
| $3.73M | ﹤0.01% |
203,477
-473
| -0.2% | -$8.66K |
|
|
PIR
2004
DELISTED
Pier 1 Imports, Inc.
PIR
| $3.73M | ﹤0.01% |
27,039
+241
| +0.9% | +$52.6K |
|
2005
Unitil
UTL
$984M
| $3.73M | ﹤0.01% |
101,136
+10,646
| +12% | +$376K |
|
|
WAC
2006
DELISTED
Walter Investment Mgt Corp
WAC
| $3.73M | ﹤0.01% |
229,514
+6,645
| +3% | +$120K |
|
2007
Materion
MTRN
$5.9B
| $3.72M | ﹤0.01% |
124,003
+5,940
| +5% | +$190K |
|
2008
Central Pacific Financial
CPF
$997M
| $3.72M | ﹤0.01% |
177,375
+19,699
| +12% | +$434K |
|
2009
TriNet
TNET
$3.07B
| $3.72M | ﹤0.01% |
221,361
+46,831
| +27% | +$958K |
|
2010
TTEC Holdings
TTEC
$77.4M
| $3.72M | ﹤0.01% |
138,739
+6,565
| +5% | +$179K |
|
|
FTD
2011
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $3.71M | ﹤0.01% |
124,604
+5,587
| +5% | +$165K |
|
2012
Biglari Holdings Class B
BH
$1.23B
| $3.7M | ﹤0.01% |
15,174
-1,155
| -7% | -$311K |
|
2013
Quanex
NX
$1B
| $3.69M | ﹤0.01% |
203,391
-9,523
| -4% | -$187K |
|
|
PGI
2014
DELISTED
PREMIERE GLOBAL SERVICES, INC.
PGI
| $3.69M | ﹤0.01% |
268,862
-18,796
| -7% | -$211K |
|
2015
National Beverage
FIZZ
$2.9B
| $3.69M | ﹤0.01% |
240,360
+38,492
| +19% | +$493K |
|
|
RATE
2016
DELISTED
Bankrate Inc
RATE
| $3.69M | ﹤0.01% |
356,205
+2,372
| +0.7% | +$23.8K |
|
2017
Unisys
UIS
$206M
| $3.67M | ﹤0.01% |
308,753
+4,037
| +1% | +$62.1K |
|
|
AVTA
2018
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3.67M | ﹤0.01% |
266,489
+4,411
| +2% | +$63.2K |
|
2019
Center Bancorp
CNOB
$1.81B
| $3.67M | ﹤0.01% |
190,009
+7,639
| +4% | +$155K |
|
|
KCG
2020
DELISTED
KCG Holdings, Inc.
KCG
| $3.67M | ﹤0.01% |
334,365
-4,751
| -1% | -$52.9K |
|
2021
Tidewater
TDW
$4.56B
| $3.67M | ﹤0.01% |
8,651
+78
| +0.9% | +$44.9K |
|
2022
Motorcar Parts of America
MPAA
$230M
| $3.66M | ﹤0.01% |
116,810
+1,918
| +2% | +$59.1K |
|
|
SHPG
2023
DELISTED
Shire pic
SHPG
| $3.65M | ﹤0.01% |
17,813
+286
| +2% | +$68K |
|
2024
QuidelOrtho
QDEL
$1.02B
| $3.65M | ﹤0.01% |
193,226
+11,035
| +6% | +$236K |
|
2025
John B. Sanfilippo & Son
JBSS
$989M
| $3.63M | ﹤0.01% |
70,898
+2,310
| +3% | +$119K |
|
Similar funds
Geode Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Geode Capital Management held 4,216 positions worth $165B, down 5.9% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q3 2015 filing shows 234 new, 2,897 increased, 624 reduced and 88 closed positions. Its largest new stake was Allergan plc: 3,134,775 shares worth $850M. The largest sale was KRAFT FOODS GROUP INC COM STK (VA), an estimated $394M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q3 2015 buy was Allergan plc: 3,134,775 shares worth $850M.
- Geode Capital Management added most to AT&T in Q3 2015, an estimated $279M increase.
- Geode Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $327M.
- Geode Capital Management fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $394M.
- Geode Capital Management's ten largest holdings make up 15% of its $165B portfolio in Q3 2015.
- Geode Capital Management opened 234 new positions and closed 88 in Q3 2015.
- Geode Capital Management's portfolio value fell 5.9% quarter-over-quarter to $165B.
Based on Geode Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.