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
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 | 15.06% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 14.12% |
| 4 | Industrials | 10.19% |
| 5 | Consumer Discretionary | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
3026
Preformed Line Products
PLPC
$2.28B
| $738K | ﹤0.01% |
17,524
+266
| +2% | +$11.5K |
|
|
ARGS
3027
DELISTED
Argos Therapeutics, Inc.
ARGS
| $736K | ﹤0.01% |
7,412
+2,776
| +60% | +$290K |
|
|
GLOG
3028
DELISTED
GASLOG LTD
GLOG
| $734K | ﹤0.01% |
50,484
+4,246
| +9% | +$57.7K |
|
|
IPAS
3029
DELISTED
Ipass Inc Common Stock
IPAS
| $731K | ﹤0.01% |
45,419
-948
| -2% | -$14.2K |
|
|
CLSD
3030
DELISTED
Clearside Biomedical
CLSD
| $730K | ﹤0.01% |
+2,805
| New | +$344K |
|
3031
Lifeway Foods
LWAY
$481M
| $729K | ﹤0.01% |
43,061
+9,813
| +30% | +$119K |
|
3032
Information Services Group
III
$248M
| $726K | ﹤0.01% |
182,113
+6,577
| +4% | +$25.4K |
|
|
CHMI
3033
Cherry Hill Mortgage Investment Corp
CHMI
$88.5M
| $725K | ﹤0.01% |
42,412
+1,363
| +3% | +$21.9K |
|
|
OIG
3034
DELISTED
Orbital Infrastructure Group, Inc. Common Stock
OIG
| $724K | ﹤0.01% |
3,107
+2
| +0.1% | +$412 |
|
|
GNCA
3035
DELISTED
Genocea Biosciences, Inc.
GNCA
| $723K | ﹤0.01% |
17,672
+2,753
| +18% | +$108K |
|
|
AREX
3036
DELISTED
Approach Resources Inc.
AREX
| $722K | ﹤0.01% |
213,862
+15,639
| +8% | +$39.6K |
|
3037
Abeona Therapeutics
ABEO
$413M
| $720K | ﹤0.01% |
4,801
+2,358
| +97% | +$231K |
|
3038
Tilly's
TLYS
$128M
| $717K | ﹤0.01% |
76,457
+8,392
| +12% | +$61.7K |
|
3039
Rio Tinto
RIO
$164B
| $716K | ﹤0.01% |
21,444
-6,286
| -23% | -$200K |
|
3040
Champion Homes
SKY
$5.14B
| $716K | ﹤0.01% |
52,358
| – | – |
|
3041
Provident Financial
PROV
$112M
| $714K | ﹤0.01% |
36,526
+28
| +0.1% | +$537 |
|
3042
Blue Bird Corp
BLBD
$2.18B
| $711K | ﹤0.01% |
48,682
+7,388
| +18% | +$103K |
|
3043
AB InBev
BUD
$165B
| $710K | ﹤0.01% |
5,409
+212
| +4% | +$26.8K |
|
3044
Willis Lease Finance
WLFC
$1.29B
| $709K | ﹤0.01% |
89,499
+1,833
| +2% | +$15.2K |
|
3045
FirstService
FSV
$6.32B
| $708K | ﹤0.01% |
15,254
-2,068
| -12% | -$98.9K |
|
|
ZVO
3046
DELISTED
Zovio Inc. Common Stock
ZVO
| $707K | ﹤0.01% |
103,144
+6,143
| +6% | +$45K |
|
|
GIFI
3047
DELISTED
Gulf Island Fabrication
GIFI
| $706K | ﹤0.01% |
76,748
-1,591
| -2% | -$13.2K |
|
|
MRTX
3048
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $706K | ﹤0.01% |
106,922
-2,917
| -3% | -$15.5K |
|
3049
Willdan Group
WLDN
$1.3B
| $705K | ﹤0.01% |
40,182
+5,471
| +16% | +$78.6K |
|
3050
Inseego
INSG
$90.5M
| $701K | ﹤0.01% |
22,403
+4,495
| +25% | +$112K |
|
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 $6.96B of net new capital in Q3 2016, opening 137 new positions and adding to 3,049 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 Financials and Healthcare.
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.