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 | |
|---|---|---|---|---|---|---|
|
FARM
2326
DELISTED
Farmer Brothers
FARM
| $3.1M | ﹤0.01% |
84,414
+6,530
| +8% | +$221K |
|
2327
Beazer Homes USA
BZH
$874M
| $3.09M | ﹤0.01% |
232,198
+47,529
| +26% | +$587K |
|
|
ACRE
2328
Ares Commercial Real Estate
ACRE
$264M
| $3.08M | ﹤0.01% |
224,124
+9,328
| +4% | +$124K |
|
2329
Mistras Group
MG
$560M
| $3.07M | ﹤0.01% |
119,664
+9,110
| +8% | +$208K |
|
2330
Sonida Senior Living
SNDA
$1.92B
| $3.07M | ﹤0.01% |
12,757
+315
| +3% | +$74.5K |
|
2331
Citizens
CIA
$201M
| $3.07M | ﹤0.01% |
312,728
+22,975
| +8% | +$213K |
|
2332
Daktronics
DAKT
$1B
| $3.07M | ﹤0.01% |
286,963
+6,691
| +2% | +$63.9K |
|
2333
Regenxbio
RGNX
$714M
| $3.07M | ﹤0.01% |
165,397
+4,668
| +3% | +$89.2K |
|
2334
Nutanix
NTNX
$17.7B
| $3.06M | ﹤0.01% |
+115,392
| New | +$3.44M |
|
|
GPX
2335
DELISTED
GP Strategies Corp.
GPX
| $3.06M | ﹤0.01% |
106,969
+2,131
| +2% | +$56.4K |
|
2336
Mesa Laboratories
MLAB
$640M
| $3.06M | ﹤0.01% |
24,913
+2,368
| +11% | +$296K |
|
|
ARII
2337
DELISTED
American Railcar Industries, Inc.
ARII
| $3.06M | ﹤0.01% |
67,522
+3,850
| +6% | +$163K |
|
2338
NACCO Industries
NC
$320M
| $3.05M | ﹤0.01% |
147,614
+3,059
| +2% | +$58.3K |
|
|
CARB
2339
DELISTED
Carbonite Inc
CARB
| $3.04M | ﹤0.01% |
185,332
+44,995
| +32% | +$767K |
|
2340
Houlihan Lokey
HLI
$8.72B
| $3.03M | ﹤0.01% |
97,420
+3,813
| +4% | +$103K |
|
|
BHR
2341
Braemar Hotels & Resorts
BHR
$140M
| $3.03M | ﹤0.01% |
223,903
-6,540
| -3% | -$86.8K |
|
|
TARO
2342
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $3.03M | ﹤0.01% |
28,784
-603
| -2% | -$63.2K |
|
2343
Ceco Environmental
CECO
$4.64B
| $3.02M | ﹤0.01% |
216,844
+3,248
| +2% | +$39.6K |
|
|
OB
2344
DELISTED
Onebeacon Insurance Group Ltd
OB
| $3.02M | ﹤0.01% |
188,469
+10,224
| +6% | +$154K |
|
2345
Acushnet Holdings
GOLF
$5.28B
| $3.02M | ﹤0.01% |
+153,178
| New | +$2.94M |
|
|
DNI
2346
DELISTED
Dividend and Income Fund
DNI
| $3.01M | ﹤0.01% |
254,091
+96,982
| +62% | +$1.1M |
|
2347
Axcelis
ACLS
$4.44B
| $3.01M | ﹤0.01% |
206,768
+6,685
| +3% | +$91K |
|
2348
Glaukos
GKOS
$11B
| $3M | ﹤0.01% |
87,555
+8,062
| +10% | +$276K |
|
2349
Hingham Institution for Saving
HIFS
$695M
| $3M | ﹤0.01% |
15,234
+4,697
| +45% | +$758K |
|
2350
Kratos Defense & Security Solutions
KTOS
$12B
| $3M | ﹤0.01% |
405,053
+67,848
| +20% | +$458K |
|
Similar funds
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.