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 |
Johnson & Johnson
JNJ
|
+$150M |
| 2 |
Johnson Controls International
JCI
|
+$145M |
| 3 |
ExxonMobil
XOM
|
+$135M |
| 4 |
Apple
AAPL
|
+$129M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC CORPORATION
EMC
|
+$437M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$146M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$108M |
| 4 |
Danaher
DHR
|
+$103M |
| 5 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$84.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.39% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 14.37% |
| 4 | Industrials | 10.28% |
| 5 | Consumer Discretionary | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
226
Omnicom Group
OMC
$22.4B
| $184M | 0.09% |
2,165,405
+108,881
| +5% | +$9.13M |
2013 Q2
13 quarters
|
|
227
Aptiv
APTV
$9.51B
| $183M | 0.09% |
2,568,610
+124,915
| +5% | +$8.43M |
2013 Q2
13 quarters
|
|
228
Amphenol
APH
$198B
| $182M | 0.09% |
22,414,440
+1,258,312
| +6% | +$9.56M |
2013 Q2
13 quarters
|
|
229
Williams Companies
WMB
$85.5B
| $179M | 0.09% |
5,840,456
+233,264
| +4% | +$6.19M |
2013 Q2
13 quarters
|
|
230
Vertex Pharmaceuticals
VRTX
$129B
| $178M | 0.09% |
2,046,369
+58,820
| +3% | +$5.56M |
2013 Q2
13 quarters
|
|
231
Healthpeak Properties
DOC
$13.2B
| $178M | 0.09% |
5,152,646
+372,854
| +8% | +$13M |
2013 Q2
13 quarters
|
|
232
HCA Healthcare
HCA
$101B
| $178M | 0.09% |
2,354,507
+40,168
| +2% | +$3.08M |
2013 Q2
13 quarters
|
|
233
Analog Devices
ADI
$196B
| $177M | 0.09% |
2,753,741
+125,142
| +5% | +$7.76M |
2013 Q2
13 quarters
|
|
234
Vornado Realty Trust
VNO
$6.25B
| $176M | 0.09% |
2,153,271
+109,808
| +5% | +$9.1M |
2013 Q2
13 quarters
|
|
235
American Airlines Group
AAL
$8.14B
| $174M | 0.09% |
4,755,161
-177,357
| -4% | -$6.27M |
2013 Q4
11 quarters
|
|
236
Dollar General
DG
$29.8B
| $173M | 0.09% |
2,474,790
-59,045
| -2% | -$5M |
2013 Q2
13 quarters
|
|
237
Molson Coors Class B
TAP
$7.39B
| $172M | 0.09% |
1,571,677
+88,389
| +6% | +$8.98M |
2013 Q2
13 quarters
|
|
238
Progressive
PGR
$126B
| $171M | 0.09% |
5,424,506
+126,807
| +2% | +$4.13M |
2013 Q2
13 quarters
|
|
239
Estee Lauder
EL
$38.9B
| $171M | 0.09% |
1,928,312
+84,097
| +5% | +$7.67M |
2013 Q2
13 quarters
|
|
240
Viatris
VTRS
$21B
| $170M | 0.09% |
4,467,962
+695,690
| +18% | +$30.9M |
2013 Q2
13 quarters
|
|
241
Monster Beverage
MNST
$90.3B
| $169M | 0.08% |
13,799,880
-117,696
| -0.8% | -$1.53M |
2015 Q3
4 quarters
|
|
242
International Paper
IP
$18.3B
| $168M | 0.08% |
3,711,798
+188,492
| +5% | +$8.31M |
2013 Q2
13 quarters
|
|
243
DELISTED
Kellanova
K
| $168M | 0.08% |
2,312,991
+86,243
| +4% | +$6.6M |
2013 Q2
13 quarters
|
|
|
CXO
244
DELISTED
CONCHO RESOURCES INC.
CXO
| $168M | 0.08% |
1,222,593
+164,232
| +16% | +$20.8M |
2013 Q2
13 quarters
|
|
245
WEC Energy
WEC
$34.9B
| $167M | 0.08% |
2,798,915
+143,231
| +5% | +$8.94M |
2013 Q2
13 quarters
|
|
246
Conagra Brands
CAG
$6.85B
| $167M | 0.08% |
4,570,146
+74,913
| +2% | +$2.69M |
2013 Q2
13 quarters
|
|
247
Stanley Black & Decker
SWK
$14.2B
| $167M | 0.08% |
1,361,204
+92,334
| +7% | +$11.1M |
2013 Q2
13 quarters
|
|
248
Keurig Dr Pepper
KDP
$47B
| $167M | 0.08% |
1,832,652
+105,847
| +6% | +$10M |
2013 Q2
13 quarters
|
|
249
Micron Technology
MU
$1.01T
| $167M | 0.08% |
9,382,022
+476,990
| +5% | +$7.28M |
2013 Q2
13 quarters
|
|
250
Western Digital
WDC
$127B
| $166M | 0.08% |
3,771,604
+137,799
| +4% | +$5.19M |
2013 Q2
13 quarters
|
|
Similar funds
Geode Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Geode Capital Management held 4,151 positions worth $199B, up 8% from $184B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $6.98B of net new capital in Q3 2016, opening 137 new positions and adding to 3,050 existing holdings. Its largest new stake was Fortive: 4,005,895 shares worth $128M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was Danaher, an estimated $103M trimmed.
- Geode Capital Management's largest Q3 2016 buy was Fortive: 4,005,895 shares worth $128M.
- Geode Capital Management added most to Johnson & Johnson in Q3 2016, an estimated $150M increase.
- Geode Capital Management's biggest Q3 2016 reduction was Danaher, cutting an estimated $103M.
- Geode Capital Management fully exited EMC CORPORATION in Q3 2016, selling an estimated $437M.
- Geode Capital Management's ten largest holdings make up 15% of its $199B portfolio in Q3 2016.
- Geode Capital Management opened 137 new positions and closed 123 in Q3 2016.
- Geode Capital Management's portfolio value rose 8% quarter-over-quarter to $199B.
Based on Geode Capital Management's 13F filing for Q3 2016, filed 10 Nov 2016.