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 | |
|---|---|---|---|---|---|---|
|
COWN
2101
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $3.24M | ﹤0.01% |
155,781
+11,885
| +8% | +$231K |
|
2102
TRI-Continental Corp
TY
$1.91B
| – | – |
0
| – | – |
|
|
RAS
2103
DELISTED
RAIT Financial Trust
RAS
| $3.23M | ﹤0.01% |
470,951
+27,245
| +6% | +$195K |
|
2104
GSK
GSK
$101B
| $3.23M | ﹤0.01% |
55,976
+3,538
| +7% | +$203K |
|
|
FPRX
2105
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $3.23M | ﹤0.01% |
141,241
+69,864
| +98% | +$1.76M |
|
2106
American Public Education
APEI
$826M
| $3.23M | ﹤0.01% |
107,622
+14,005
| +15% | +$467K |
|
|
SCAI
2107
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $3.22M | ﹤0.01% |
93,813
+20,402
| +28% | +$679K |
|
|
BFX
2108
DELISTED
BowFlex Inc.
BFX
| $3.22M | ﹤0.01% |
210,787
+44,296
| +27% | +$670K |
|
|
UAM
2109
DELISTED
Universal American Corp
UAM
| $3.21M | ﹤0.01% |
300,656
+104,988
| +54% | +$987K |
|
2110
Mercury Systems
MRCY
$6.7B
| $3.21M | ﹤0.01% |
206,320
+14,201
| +7% | +$224K |
|
|
LDL
2111
DELISTED
Lydall, Inc.
LDL
| $3.21M | ﹤0.01% |
101,163
+1,543
| +2% | +$47.1K |
|
|
CBPX
2112
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $3.21M | ﹤0.01% |
141,951
+23,306
| +20% | +$429K |
|
2113
Gorman-Rupp
GRC
$2.15B
| $3.2M | ﹤0.01% |
106,932
+5,603
| +6% | +$165K |
|
|
AVTA
2114
DELISTED
Avantax, Inc. Common Stock
AVTA
| $3.2M | ﹤0.01% |
234,222
+4,477
| +2% | +$62.4K |
|
2115
HCI Group
HCI
$2.28B
| $3.2M | ﹤0.01% |
69,698
+12,991
| +23% | +$602K |
|
|
SHOE
2116
Shoe Station Group
SHOE
$420M
| $3.19M | ﹤0.01% |
216,910
+30,946
| +17% | +$384K |
|
2117
Carriage Services
CSV
$535M
| $3.19M | ﹤0.01% |
133,647
+51,524
| +63% | +$1.17M |
|
2118
Acacia Research
ACTG
$455M
| $3.17M | ﹤0.01% |
296,702
+6,452
| +2% | +$84.2K |
|
|
DX
2119
Dynex Capital
DX
$3.22B
| $3.17M | ﹤0.01% |
124,894
+24,777
| +25% | +$621K |
|
2120
Lands' End
LE
$391M
| $3.17M | ﹤0.01% |
88,447
+7,468
| +9% | +$297K |
|
2121
FormFactor
FORM
$10.1B
| $3.17M | ﹤0.01% |
357,034
+43,742
| +14% | +$380K |
|
2122
Cimpress
CMPR
$2.4B
| $3.16M | ﹤0.01% |
37,491
+3,013
| +9% | +$241K |
|
|
RLD
2123
DELISTED
REALD INC COM STK
RLD
| $3.16M | ﹤0.01% |
247,075
+8,870
| +4% | +$106K |
|
|
PBY
2124
DELISTED
PEP BOYS MANNY MOE& JACK
PBY
| $3.16M | ﹤0.01% |
328,077
+16,324
| +5% | +$149K |
|
2125
Cass Information Systems
CASS
$742M
| $3.15M | ﹤0.01% |
74,158
+5,649
| +8% | +$215K |
|
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.