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 |
DuPont de Nemours
DD
|
+$744M |
| 2 |
Baker Hughes
BKR
|
+$156M |
| 3 |
Walt Disney
DIS
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$124M |
| 5 |
Apple
AAPL
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$658M |
| 2 |
RAI
Reynolds American Inc
RAI
|
+$502M |
| 3 |
BHI
Baker Hughes
BHI
|
+$236M |
| 4 |
WFM
Whole Foods Market Inc
WFM
|
+$155M |
| 5 |
SPLS
Staples Inc
SPLS
|
+$73.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.32% |
| 2 | Financials | 16.15% |
| 3 | Healthcare | 13.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
251
Cardinal Health
CAH
$53.5B
| $222M | 0.08% |
3,318,620
+140,563
| +4% | +$9.94M |
|
252
Willis Towers Watson
WTW
$31.6B
| $220M | 0.08% |
1,431,967
+93,554
| +7% | +$14M |
|
253
Freeport-McMoran
FCX
$89B
| $220M | 0.08% |
15,720,039
+2,466,806
| +19% | +$34.7M |
|
254
Dollar Tree
DLTR
$24.6B
| $219M | 0.08% |
2,530,810
+123,729
| +5% | +$9.44M |
|
255
HCA Healthcare
HCA
$86.4B
| $218M | 0.08% |
2,749,087
+63,249
| +2% | +$5.09M |
|
256
Regions Financial
RF
$26.4B
| $218M | 0.08% |
14,332,054
+205,408
| +1% | +$2.95M |
|
257
Gen Digital
GEN
$16.4B
| $217M | 0.08% |
6,614,302
+254,251
| +4% | +$7.75M |
|
258
Northern Trust
NTRS
$22.4B
| $215M | 0.08% |
2,342,742
+49,004
| +2% | +$4.43M |
|
259
Incyte
INCY
$24.3B
| $214M | 0.08% |
1,832,546
+47,232
| +3% | +$5.98M |
|
260
KeyCorp
KEY
$24.3B
| $213M | 0.08% |
11,352,908
+257,030
| +2% | +$4.65M |
|
261
Newell Brands
NWL
$2.47B
| $212M | 0.08% |
4,985,125
+181,269
| +4% | +$8.86M |
|
262
Eversource Energy
ES
$27.3B
| $212M | 0.08% |
3,507,191
+137,923
| +4% | +$8.51M |
|
263
WEC Energy
WEC
$35.9B
| $211M | 0.08% |
3,361,888
+67,645
| +2% | +$4.32M |
|
264
Centene
CNC
$30.8B
| $211M | 0.08% |
4,360,648
+96,320
| +2% | +$4.15M |
|
265
Citizens Financial Group
CFG
$30.3B
| $208M | 0.08% |
5,514,903
+36,895
| +0.7% | +$1.29M |
|
266
Oneok
OKE
$56.3B
| $208M | 0.08% |
3,763,980
-246,971
| -6% | -$13.3M |
|
267
KLA
KLAC
$242B
| $208M | 0.08% |
19,667,600
+457,650
| +2% | +$4.37M |
|
268
Hartford Financial Services
HIG
$39.3B
| $208M | 0.08% |
3,755,747
+97,854
| +3% | +$5.32M |
|
|
RHT
269
DELISTED
Red Hat Inc
RHT
| $207M | 0.08% |
1,873,864
+89,687
| +5% | +$9.18M |
|
|
XLNX
270
DELISTED
Xilinx Inc
XLNX
| $206M | 0.08% |
2,919,882
-33,241
| -1% | -$2.17M |
|
271
Best Buy
BBY
$18.3B
| $203M | 0.08% |
3,573,997
-9,581
| -0.3% | -$549K |
|
272
Nucor
NUE
$58.5B
| $203M | 0.07% |
3,620,691
-76,605
| -2% | -$4.33M |
|
273
Essex Property Trust
ESS
$18.3B
| $202M | 0.07% |
795,576
+25,516
| +3% | +$6.66M |
|
274
DTE Energy
DTE
$29.5B
| $200M | 0.07% |
2,191,860
+42,314
| +2% | +$3.92M |
|
|
CXO
275
DELISTED
CONCHO RESOURCES INC.
CXO
| $199M | 0.07% |
1,516,934
+35,603
| +2% | +$4.28M |
|
Similar funds
Geode Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Geode Capital Management held 4,158 positions worth $271B, up 6.5% from $254B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 4.7%. Geode Capital Management opened 87 new positions and exited 109, leaving the 4,158-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2017 buy was Baker Hughes: 4,388,225 shares worth $160M.
- Geode Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $744M increase.
- Geode Capital Management's biggest Q3 2017 reduction was Hewlett Packard, cutting an estimated $61.7M.
- Geode Capital Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $658M.
- Geode Capital Management's ten largest holdings make up 16% of its $271B portfolio in Q3 2017.
- Geode Capital Management opened 87 new positions and closed 109 in Q3 2017.
- Geode Capital Management's portfolio value rose 6.5% quarter-over-quarter to $271B.
Based on Geode Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.