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 | |
|---|---|---|---|---|---|---|
|
BRG
2401
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $2.75M | ﹤0.01% |
200,795
+11,600
| +6% | +$148K |
|
|
CARO
2402
DELISTED
Carolina Financial Corp.
CARO
| $2.75M | ﹤0.01% |
89,345
+2,997
| +3% | +$76.9K |
|
|
RRTS
2403
DELISTED
RoadRunner Transportation Systems, Inc.
RRTS
| $2.75M | ﹤0.01% |
10,577
+1,076
| +11% | +$249K |
|
2404
Surgery Partners
SGRY
$2.01B
| $2.75M | ﹤0.01% |
173,302
+19,931
| +13% | +$331K |
|
|
XENT
2405
DELISTED
Intersect ENT, Inc
XENT
| $2.74M | ﹤0.01% |
226,464
+20,494
| +10% | +$265K |
|
|
NSTG
2406
DELISTED
NanoString Technologies, Inc.
NSTG
| $2.73M | ﹤0.01% |
122,626
+24,164
| +25% | +$518K |
|
|
DX
2407
Dynex Capital
DX
$3.22B
| $2.73M | ﹤0.01% |
133,497
+6,458
| +5% | +$133K |
|
|
ARAV
2408
DELISTED
Aravive, Inc. Common Stock
ARAV
| $2.72M | ﹤0.01% |
30,425
+5,521
| +22% | +$418K |
|
|
SREV
2409
DELISTED
ServiceSource International, Inc.
SREV
| $2.72M | ﹤0.01% |
478,657
+11,199
| +2% | +$59.6K |
|
|
INWK
2410
DELISTED
InnerWorkings, Inc.
INWK
| $2.72M | ﹤0.01% |
275,884
+3,786
| +1% | +$35K |
|
|
RFP
2411
DELISTED
Resolute Forest Products Inc.
RFP
| $2.7M | ﹤0.01% |
504,965
-3,411
| -0.7% | -$15.6K |
|
|
FFWM
2412
DELISTED
First Foundation Inc
FFWM
| $2.7M | ﹤0.01% |
189,364
+11,548
| +6% | +$154K |
|
2413
IMAX
IMAX
$2.81B
| $2.69M | ﹤0.01% |
85,765
+10,853
| +14% | +$339K |
|
|
EBTC
2414
DELISTED
Enterprise Bancorp
EBTC
| $2.69M | ﹤0.01% |
71,639
+2,087
| +3% | +$65K |
|
|
REV
2415
DELISTED
Revlon, Inc.
REV
| $2.69M | ﹤0.01% |
92,312
+1,972
| +2% | +$61.6K |
|
2416
Global Indemnity Group
GBLI
$409M
| $2.68M | ﹤0.01% |
70,238
+1,377
| +2% | +$46.8K |
|
2417
SFL Corp
SFL
$1.57B
| $2.68M | ﹤0.01% |
180,471
+105,090
| +139% | +$1.47M |
|
2418
Applied Optoelectronics
AAOI
$11.7B
| $2.67M | ﹤0.01% |
113,998
+7,791
| +7% | +$181K |
|
|
ENT
2419
DELISTED
Global Eagle Entertainment Inc.
ENT
| $2.66M | ﹤0.01% |
16,488
+2,574
| +18% | +$484K |
|
2420
Peoples Financial Services
PFIS
$714M
| $2.65M | ﹤0.01% |
54,417
+1,592
| +3% | +$69.1K |
|
|
REGI
2421
DELISTED
Renewable Energy Group, Inc.
REGI
| $2.65M | ﹤0.01% |
272,807
-26,338
| -9% | -$246K |
|
|
MPG
2422
DELISTED
Metaldyne Performance Group Inc.
MPG
| $2.64M | ﹤0.01% |
115,220
-47,658
| -29% | -$907K |
|
|
MRLN
2423
DELISTED
Marlin Business Services Corp
MRLN
| $2.64M | ﹤0.01% |
126,281
+8,459
| +7% | +$168K |
|
2424
Natera
NTRA
$45.5B
| $2.63M | ﹤0.01% |
224,474
+6,569
| +3% | +$72.3K |
|
|
WUBA
2425
DELISTED
58.com Inc
WUBA
| $2.63M | ﹤0.01% |
94,230
+23,586
| +33% | +$876K |
|
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.