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 | |
|---|---|---|---|---|---|---|
|
WAC
2051
DELISTED
Walter Investment Mgt Corp
WAC
| $3.52M | ﹤0.01% |
217,928
+15,240
| +8% | +$257K |
|
|
KRA
2052
DELISTED
Kraton Corporation
KRA
| $3.51M | ﹤0.01% |
173,863
+1,958
| +1% | +$38.7K |
|
2053
BioCryst Pharmaceuticals
BCRX
$2.71B
| $3.51M | ﹤0.01% |
389,008
-30,897
| -7% | -$320K |
|
2054
TTEC Holdings
TTEC
$77.4M
| $3.51M | ﹤0.01% |
137,934
+8,503
| +7% | +$199K |
|
|
CAMP
2055
DELISTED
CalAmp Corp.
CAMP
| $3.51M | ﹤0.01% |
9,423
+902
| +11% | +$372K |
|
2056
Patrick Industries
PATK
$2.79B
| $3.51M | ﹤0.01% |
190,070
+3,270
| +2% | +$49.4K |
|
2057
Phibro Animal Health
PAHC
$1.37B
| $3.5M | ﹤0.01% |
98,964
+4,483
| +5% | +$144K |
|
|
MGI
2058
DELISTED
MoneyGram International, Inc. New
MGI
| $3.49M | ﹤0.01% |
403,719
-37,741
| -9% | -$328K |
|
|
EPIQ
2059
DELISTED
EPIQ SYSTEMS INC
EPIQ
| $3.49M | ﹤0.01% |
194,560
+8,631
| +5% | +$151K |
|
2060
Future Fuel
FF
$257M
| $3.48M | ﹤0.01% |
339,007
+12,155
| +4% | +$145K |
|
2061
DXP Enterprises
DXPE
$3.04B
| $3.48M | ﹤0.01% |
78,918
+4,231
| +6% | +$189K |
|
2062
Geron
GERN
$1.01B
| $3.48M | ﹤0.01% |
921,838
+34,057
| +4% | +$116K |
|
|
PRAH
2063
DELISTED
PRA Health Sciences, Inc.
PRAH
| $3.47M | ﹤0.01% |
120,462
+18,569
| +18% | +$518K |
|
2064
CTS Corp
CTS
$1.82B
| $3.47M | ﹤0.01% |
192,987
+8,697
| +5% | +$148K |
|
|
ATSG
2065
DELISTED
Air Transport Services Group
ATSG
| $3.47M | ﹤0.01% |
376,468
+27,187
| +8% | +$237K |
|
2066
Central Pacific Financial
CPF
$997M
| $3.47M | ﹤0.01% |
150,953
-37,823
| -20% | -$843K |
|
2067
US Physical Therapy
USPH
$1.22B
| $3.46M | ﹤0.01% |
72,740
+11,795
| +19% | +$501K |
|
|
MWW
2068
DELISTED
Monster Worldwide Inc
MWW
| $3.44M | ﹤0.01% |
543,400
+29,926
| +6% | +$164K |
|
2069
Agree Realty
ADC
$9.25B
| $3.43M | ﹤0.01% |
104,095
-2,362
| -2% | -$78.5K |
|
2070
Strategic Education
STRA
$1.81B
| $3.43M | ﹤0.01% |
64,195
+668
| +1% | +$42.9K |
|
|
ARPI
2071
DELISTED
AMERICAN RESIDENTIAL PPTYS INC COM
ARPI
| $3.42M | ﹤0.01% |
190,161
+47,115
| +33% | +$837K |
|
2072
BancFirst
BANF
$3.84B
| $3.41M | ﹤0.01% |
111,710
+1,544
| +1% | +$46K |
|
|
HAYN
2073
DELISTED
Haynes International, Inc.
HAYN
| $3.4M | ﹤0.01% |
76,109
+2,563
| +3% | +$107K |
|
|
WMC
2074
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $3.39M | ﹤0.01% |
22,512
-1,049
| -4% | -$151K |
|
|
IVC
2075
DELISTED
Invacare Corporation
IVC
| $3.39M | ﹤0.01% |
174,741
+20,305
| +13% | +$352K |
|
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.