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 | |
|---|---|---|---|---|---|---|---|
326
Waters Corp
WAT
$42.9B
| $116M | 0.06% |
732,187
+32,506
| +5% | +$5.03M |
2013 Q2
13 quarters
|
|
327
Microchip Technology
MCHP
$41B
| $116M | 0.06% |
3,725,636
+179,874
| +5% | +$5.23M |
2013 Q2
13 quarters
|
|
|
LVLT
328
DELISTED
Level 3 Communications Inc
LVLT
| $115M | 0.06% |
2,492,133
+128,565
| +5% | +$6.5M |
2013 Q2
13 quarters
|
|
329
Macy's
M
$6.37B
| $115M | 0.06% |
3,113,267
+438,217
| +16% | +$15.9M |
2013 Q2
13 quarters
|
|
330
Fastenal
FAST
$58.2B
| $115M | 0.06% |
11,016,420
+633,276
| +6% | +$6.74M |
2013 Q2
13 quarters
|
|
331
DELISTED
Marathon Oil Corporation
MRO
| $115M | 0.06% |
7,277,561
+375,084
| +5% | +$5.57M |
2013 Q2
13 quarters
|
|
332
Regions Financial
RF
$23.3B
| $115M | 0.06% |
11,648,929
+313,387
| +3% | +$2.93M |
2013 Q2
13 quarters
|
|
333
Freeport-McMoran
FCX
$101B
| $114M | 0.06% |
10,547,925
+404,940
| +4% | +$4.66M |
2013 Q2
13 quarters
|
|
334
Citizens Financial Group
CFG
$26.6B
| $114M | 0.06% |
4,630,512
+93,896
| +2% | +$2.16M |
2014 Q4
7 quarters
|
|
335
Macerich
MAC
$6.51B
| $114M | 0.06% |
1,411,292
+88,604
| +7% | +$7.49M |
2013 Q2
13 quarters
|
|
336
W.W. Grainger
GWW
$62.5B
| $114M | 0.06% |
507,602
+23,743
| +5% | +$5.34M |
2013 Q2
13 quarters
|
|
337
Alcoa
AA
$11.3B
| $114M | 0.06% |
4,673,716
+204,593
| +5% | +$4.99M |
2013 Q2
13 quarters
|
|
338
Chipotle Mexican Grill
CMG
$38B
| $113M | 0.06% |
13,374,000
+650,950
| +5% | +$5.35M |
2013 Q2
13 quarters
|
|
339
Perrigo
PRGO
$2.28B
| $113M | 0.06% |
1,221,047
+58,626
| +5% | +$5.4M |
2013 Q2
13 quarters
|
|
340
Verisk Analytics
VRSK
$24.4B
| $112M | 0.06% |
1,380,009
+69,080
| +5% | +$5.72M |
2013 Q2
13 quarters
|
|
341
Federal Realty Investment Trust
FRT
$9.21B
| $111M | 0.06% |
724,578
+48,425
| +7% | +$7.83M |
2013 Q2
13 quarters
|
|
342
Republic Services
RSG
$70.3B
| $111M | 0.06% |
2,209,961
+88,504
| +4% | +$4.54M |
2013 Q2
13 quarters
|
|
343
Quest Diagnostics
DGX
$25.9B
| $110M | 0.06% |
1,301,962
+43,105
| +3% | +$3.62M |
2013 Q2
13 quarters
|
|
344
McCormick & Company Non-Voting
MKC
$12.4B
| $110M | 0.06% |
2,196,036
+116,322
| +6% | +$5.89M |
2013 Q2
13 quarters
|
|
345
Invesco
IVZ
$12.5B
| $109M | 0.05% |
3,490,546
+123,920
| +4% | +$3.64M |
2013 Q2
13 quarters
|
|
346
Bread Financial
BFH
$3.93B
| $109M | 0.05% |
637,156
+27,214
| +4% | +$4.63M |
2013 Q2
13 quarters
|
|
|
XEC
347
DELISTED
CIMAREX ENERGY CO
XEC
| $108M | 0.05% |
808,605
+43,699
| +6% | +$5.48M |
2013 Q2
13 quarters
|
|
348
SL Green Realty
SLG
$3.33B
| $108M | 0.05% |
1,034,851
+74,302
| +8% | +$8.16M |
2013 Q2
13 quarters
|
|
349
Incyte
INCY
$22.8B
| $108M | 0.05% |
1,143,444
+25,506
| +2% | +$2.15M |
2013 Q2
13 quarters
|
|
350
Royal Caribbean
RCL
$75.5B
| $108M | 0.05% |
1,438,011
+71,822
| +5% | +$5.06M |
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.