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 |
Apple
AAPL
|
+$202M |
| 2 |
Microsoft
MSFT
|
+$177M |
| 3 |
ExxonMobil
XOM
|
+$151M |
| 4 |
Amazon
AMZN
|
+$143M |
| 5 |
Johnson & Johnson
JNJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$322M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$143M |
| 3 |
Alcoa
AA
|
+$99.8M |
| 4 |
Yum! Brands
YUM
|
+$76.8M |
| 5 |
ITC
ITC HOLDINGS CORP
ITC
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.15% |
| 2 | Technology | 14.96% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.62% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NXEOW
2151
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
| $4.11M | ﹤0.01% |
5,878,142
+5,509,000
| +1,492% | +$3.19M |
|
|
ORBC
2152
DELISTED
ORBCOMM, Inc.
ORBC
| $4.09M | ﹤0.01% |
494,909
+14,425
| +3% | +$127K |
|
2153
Extreme Networks
EXTR
$3.22B
| $4.09M | ﹤0.01% |
813,051
+26,018
| +3% | +$118K |
|
2154
Biglari Holdings Class B
BH
$1.23B
| $4.08M | ﹤0.01% |
12,950
+320
| +3% | +$97K |
|
|
PSTB
2155
DELISTED
Park Sterling Corp.
PSTB
| $4.07M | ﹤0.01% |
376,797
+31,409
| +9% | +$293K |
|
|
RESI
2156
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $4.07M | ﹤0.01% |
368,240
+8,534
| +2% | +$94K |
|
|
ACTA
2157
DELISTED
Actua Corp
ACTA
| $4.04M | ﹤0.01% |
288,712
+32,987
| +13% | +$435K |
|
2158
TETRA Technologies
TTI
$1.29B
| $4.04M | ﹤0.01% |
804,012
+214,031
| +36% | +$1.16M |
|
|
CCRN
2159
DELISTED
Cross Country Healthcare
CCRN
| $4.03M | ﹤0.01% |
258,413
+34,668
| +15% | +$475K |
|
2160
AdvanSix
ASIX
$443M
| $4.03M | ﹤0.01% |
+182,154
| New | +$3.27M |
|
|
AIMT
2161
DELISTED
Aimmune Therapeutics
AIMT
| $4.02M | ﹤0.01% |
196,749
+6,028
| +3% | +$123K |
|
2162
Marcus & Millichap
MMI
$1.18B
| $4.02M | ﹤0.01% |
150,410
+13,705
| +10% | +$356K |
|
|
SP
2163
DELISTED
SP Plus Corporation
SP
| $4.02M | ﹤0.01% |
142,743
+10,588
| +8% | +$281K |
|
2164
National Presto Industries
NPK
$988M
| $4.01M | ﹤0.01% |
37,725
+2,498
| +7% | +$232K |
|
|
OKSB
2165
DELISTED
Southwest Bancorp Inc/OK
OKSB
| $4.01M | ﹤0.01% |
138,189
+3,967
| +3% | +$87.3K |
|
|
SRDX
2166
DELISTED
Surmodics
SRDX
| $3.98M | ﹤0.01% |
156,845
+10,993
| +8% | +$289K |
|
|
HAYN
2167
DELISTED
Haynes International, Inc.
HAYN
| $3.98M | ﹤0.01% |
92,565
+2,130
| +2% | +$84.5K |
|
2168
Gorman-Rupp
GRC
$2.13B
| $3.98M | ﹤0.01% |
128,459
+4,471
| +4% | +$126K |
|
|
ITCI
2169
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $3.96M | ﹤0.01% |
262,759
+15,767
| +6% | +$223K |
|
|
AHRT
2170
AH Realty Trust
AHRT
$506M
| $3.95M | ﹤0.01% |
271,136
+16,552
| +7% | +$230K |
|
2171
Motorcar Parts of America
MPAA
$236M
| $3.94M | ﹤0.01% |
146,277
+15,399
| +12% | +$406K |
|
|
VRTV
2172
DELISTED
VERITIV CORPORATION
VRTV
| $3.94M | ﹤0.01% |
73,225
+18,141
| +33% | +$940K |
|
|
ICON
2173
DELISTED
Iconix Brand Group, Inc.
ICON
| $3.93M | ﹤0.01% |
42,109
+1,044
| +3% | +$90.9K |
|
2174
Peapack-Gladstone Financial
PGC
$823M
| $3.93M | ﹤0.01% |
127,320
+15,014
| +13% | +$387K |
|
|
IXYS
2175
DELISTED
IXYS Corp
IXYS
| $3.92M | ﹤0.01% |
329,689
+23,502
| +8% | +$267K |
|
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Geode Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Geode Capital Management held 4,166 positions worth $215B, up 8.3% from $199B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $9B of net new capital in Q4 2016, opening 143 new positions and adding to 3,245 existing holdings. Its largest new stake was Howmet Aerospace: 5,172,703 shares worth $73.5M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alcoa, an estimated $99.8M trimmed.
- Geode Capital Management's largest Q4 2016 buy was Howmet Aerospace: 5,172,703 shares worth $73.5M.
- Geode Capital Management added most to Apple in Q4 2016, an estimated $202M increase.
- Geode Capital Management's biggest Q4 2016 reduction was Alcoa, cutting an estimated $99.8M.
- Geode Capital Management fully exited DONNELLEY R R & SONS CO in Q4 2016, selling an estimated $322M.
- Geode Capital Management's ten largest holdings make up 15% of its $215B portfolio in Q4 2016.
- Geode Capital Management opened 143 new positions and closed 131 in Q4 2016.
- Geode Capital Management's portfolio value rose 8.3% quarter-over-quarter to $215B.
Based on Geode Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.