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 | |
|---|---|---|---|---|---|---|
2351
Lifecore Biomedical
LFCR
$181M
| $2.2M | ﹤0.01% |
158,046
+5,037
| +3% | +$69.6K |
|
|
ZEP
2352
DELISTED
ZEP INC COM STK (DE)
ZEP
| $2.19M | ﹤0.01% |
128,890
+9,422
| +8% | +$154K |
|
2353
Builders FirstSource
BLDR
$7.79B
| $2.19M | ﹤0.01% |
328,720
+5,828
| +2% | +$36.4K |
|
|
BV
2354
DELISTED
Bazaarvoice, Inc.
BV
| $2.18M | ﹤0.01% |
386,704
+90,453
| +31% | +$696K |
|
|
TBHC
2355
DELISTED
The Brand House Collective
TBHC
| $2.18M | ﹤0.01% |
91,880
+1,548
| +2% | +$37.1K |
|
2356
DHI Group
DHX
$166M
| $2.18M | ﹤0.01% |
244,027
+1,661
| +0.7% | +$15.1K |
|
|
NVRO
2357
DELISTED
NEVRO CORP.
NVRO
| $2.17M | ﹤0.01% |
45,363
+27,811
| +158% | +$1.21M |
|
|
AFAM
2358
DELISTED
Almost Family Inc
AFAM
| $2.17M | ﹤0.01% |
48,636
+2,254
| +5% | +$75.5K |
|
|
CTWS
2359
DELISTED
Connecticut Water Service Inc
CTWS
| $2.17M | ﹤0.01% |
59,836
+3,735
| +7% | +$137K |
|
|
WSR
2360
DELISTED
Whitestone REIT
WSR
| $2.17M | ﹤0.01% |
136,444
+3,536
| +3% | +$55.5K |
|
|
SFE
2361
DELISTED
Safeguard Scientifics, Inc.
SFE
| $2.17M | ﹤0.01% |
119,769
+1,085
| +0.9% | +$20.1K |
|
2362
Heron Therapeutics
HRTX
$64.7M
| $2.16M | ﹤0.01% |
148,780
+23,296
| +19% | +$263K |
|
|
TPLM
2363
DELISTED
Triangle Petroleum Corporation
TPLM
| $2.16M | ﹤0.01% |
430,508
-1,532
| -0.4% | -$7.79K |
|
2364
El Pollo Loco
LOCO
$463M
| $2.16M | ﹤0.01% |
84,457
+13,660
| +19% | +$340K |
|
|
SYNH
2365
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $2.16M | ﹤0.01% |
66,013
+12,323
| +23% | +$340K |
|
2366
Wayfair
W
$14.1B
| $2.16M | ﹤0.01% |
67,203
+5,795
| +9% | +$144K |
|
2367
The Bancorp
TBBK
$2.83B
| $2.15M | ﹤0.01% |
238,677
+7,532
| +3% | +$68.6K |
|
2368
Middlesex Water
MSEX
$1.1B
| $2.15M | ﹤0.01% |
94,570
+8,838
| +10% | +$198K |
|
|
MCF
2369
DELISTED
Contango Oil & Gas Co.
MCF
| $2.15M | ﹤0.01% |
97,748
+609
| +0.6% | +$15.7K |
|
|
OB
2370
DELISTED
Onebeacon Insurance Group Ltd
OB
| $2.14M | ﹤0.01% |
140,887
+31,357
| +29% | +$490K |
|
|
EBSB
2371
DELISTED
Meridian Bancorp, Inc.
EBSB
| $2.14M | ﹤0.01% |
162,378
+17,866
| +12% | +$218K |
|
|
UCTT
2372
Ultra Clean Holdings
UCTT
$4.1B
| $2.13M | ﹤0.01% |
298,479
+54,284
| +22% | +$478K |
|
2373
Pacific Biosciences
PACB
$345M
| $2.13M | ﹤0.01% |
365,097
+22,072
| +6% | +$152K |
|
|
RNET
2374
DELISTED
RigNet, Inc.
RNET
| $2.13M | ﹤0.01% |
74,434
+3,742
| +5% | +$123K |
|
|
BBBY
2375
Bed Bath & Beyond
BBBY
$403M
| $2.13M | ﹤0.01% |
116,837
+13,453
| +13% | +$234K |
|
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.