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 | |
|---|---|---|---|---|---|---|
|
PARA
276
DELISTED
Paramount Global Class B
PARA
| $196M | 0.07% |
3,392,473
+30,636
| +0.9% | +$1.94M |
|
277
Kroger
KR
$35.5B
| $196M | 0.07% |
9,777,468
+31,517
| +0.3% | +$710K |
|
278
Viatris
VTRS
$20.4B
| $192M | 0.07% |
6,136,090
+1,111,522
| +22% | +$37.7M |
|
279
Omnicom Group
OMC
$21.5B
| $192M | 0.07% |
2,595,169
+98,123
| +4% | +$7.56M |
|
280
Mettler-Toledo International
MTD
$28.4B
| $185M | 0.07% |
295,560
+11,980
| +4% | +$7.19M |
|
281
SBA Communications
SBAC
$19B
| $185M | 0.07% |
1,284,038
+352,139
| +38% | +$50.1M |
|
282
Expedia Group
EXPE
$35.5B
| $184M | 0.07% |
1,283,381
+39,017
| +3% | +$5.78M |
|
283
Keurig Dr Pepper
KDP
$42.5B
| $184M | 0.07% |
2,080,646
+54,378
| +3% | +$4.93M |
|
284
Principal Financial Group
PFG
$24.4B
| $181M | 0.07% |
2,817,503
+88,331
| +3% | +$5.68M |
|
285
Host Hotels & Resorts
HST
$17.2B
| $179M | 0.07% |
9,703,168
-47,919
| -0.5% | -$872K |
|
286
APA Corp
APA
$13.1B
| $179M | 0.07% |
3,905,061
+104,750
| +3% | +$4.62M |
|
287
Clorox
CLX
$11.6B
| $176M | 0.06% |
1,335,458
+50,206
| +4% | +$6.75M |
|
288
FirstEnergy
FE
$28B
| $174M | 0.06% |
5,647,101
+311,529
| +6% | +$9.81M |
|
289
Lincoln National
LNC
$8.76B
| $172M | 0.06% |
2,351,127
+38,409
| +2% | +$2.71M |
|
290
Republic Services
RSG
$64.7B
| $171M | 0.06% |
2,598,833
+161,800
| +7% | +$10.5M |
|
291
MGM Resorts International
MGM
$11.4B
| $171M | 0.06% |
5,243,163
+1,647,057
| +46% | +$53M |
|
|
INFO
292
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $170M | 0.06% |
3,864,716
+451,317
| +13% | +$20.8M |
|
293
Hershey
HSY
$35.3B
| $170M | 0.06% |
1,556,334
+71,479
| +5% | +$7.61M |
|
294
United Airlines
UAL
$39.6B
| $169M | 0.06% |
2,772,481
-233,003
| -8% | -$15.5M |
|
295
AutoZone
AZO
$49.3B
| $168M | 0.06% |
282,703
+7,201
| +3% | +$3.84M |
|
296
Realty Income
O
$59.4B
| $165M | 0.06% |
2,992,069
+107,528
| +4% | +$5.97M |
|
297
Huntington Bancshares
HBAN
$34.5B
| $165M | 0.06% |
11,857,505
-143,594
| -1% | -$1.89M |
|
298
Align Technology
ALGN
$12.2B
| $165M | 0.06% |
888,395
+29,658
| +3% | +$5.08M |
|
299
Conagra Brands
CAG
$7B
| $165M | 0.06% |
4,895,033
+605,472
| +14% | +$20.6M |
|
300
T-Mobile US
TMUS
$183B
| $165M | 0.06% |
2,674,746
+44,457
| +2% | +$2.79M |
|
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.