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 |
Apple
AAPL
|
+$145M |
| 2 |
Chubb
CB
|
+$135M |
| 3 |
Microsoft
MSFT
|
+$129M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Johnson & Johnson
JNJ
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$271M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$250M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$244M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$89.3M |
| 5 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.29% |
| 2 | Healthcare | 14.04% |
| 3 | Financials | 13.67% |
| 4 | Industrials | 10.08% |
| 5 | Consumer Discretionary | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CA
376
DELISTED
CA, Inc.
CA
| $86.6M | 0.05% |
2,817,633
-103,164
| -4% | -$2.96M |
|
377
SBA Communications
SBAC
$19.1B
| $86.5M | 0.05% |
863,727
+34,139
| +4% | +$3.26M |
|
378
Ulta Beauty
ULTA
$22.7B
| $85.8M | 0.05% |
443,274
+36,093
| +9% | +$6.29M |
|
379
Western Union
WU
$2.04B
| $85.6M | 0.05% |
4,444,158
+196,483
| +5% | +$3.53M |
|
380
Loews
L
$22.2B
| $85M | 0.05% |
2,226,561
-65,885
| -3% | -$2.42M |
|
381
Martin Marietta Materials
MLM
$35.3B
| $84.9M | 0.05% |
533,584
+495
| +0.1% | +$68K |
|
382
Lincoln National
LNC
$8.13B
| $84.4M | 0.04% |
2,156,753
+39,352
| +2% | +$1.54M |
|
383
Goodyear
GT
$1.49B
| $84.1M | 0.04% |
2,554,545
-75,184
| -3% | -$2.27M |
|
384
Williams Companies
WMB
$86.7B
| $84.1M | 0.04% |
5,244,725
+83,270
| +2% | +$1.43M |
|
385
Cincinnati Financial
CINF
$26.2B
| $83.8M | 0.04% |
1,284,690
+24,253
| +2% | +$1.48M |
|
386
Seagate
STX
$178B
| $83.5M | 0.04% |
2,429,601
+93,659
| +4% | +$3.02M |
|
|
CPGX
387
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $83.5M | 0.04% |
3,332,071
+225,223
| +7% | +$4.36M |
|
388
BioMarin Pharmaceuticals
BMRN
$12.5B
| $83.3M | 0.04% |
1,010,910
+47,547
| +5% | +$3.87M |
|
|
CTRA
389
DELISTED
Coterra Energy
CTRA
| $83M | 0.04% |
3,663,410
+430,481
| +13% | +$8.63M |
|
|
SCG
390
DELISTED
Scana
SCG
| $83M | 0.04% |
1,185,549
+34,768
| +3% | +$2.25M |
|
391
D.R. Horton
DHI
$38.7B
| $82.9M | 0.04% |
2,746,802
+139,261
| +5% | +$3.83M |
|
392
Masco
MAS
$13.5B
| $82.7M | 0.04% |
2,635,785
+19,254
| +0.7% | +$530K |
|
393
KeyCorp
KEY
$22.1B
| $82.4M | 0.04% |
7,476,448
+195,301
| +3% | +$2.18M |
|
|
WRK
394
DELISTED
WestRock Company
WRK
| $82.3M | 0.04% |
2,346,088
+23,692
| +1% | +$772K |
|
395
The Mosaic Company
MOS
$7.88B
| $82.2M | 0.04% |
3,049,661
-238,151
| -7% | -$6.22M |
|
396
Textron
TXT
$13.9B
| $81.9M | 0.04% |
2,250,485
+31,559
| +1% | +$1.11M |
|
397
Harley-Davidson
HOG
$2.79B
| $81.6M | 0.04% |
1,593,016
-27,338
| -2% | -$1.19M |
|
398
Microchip Technology
MCHP
$37.8B
| $81.6M | 0.04% |
3,392,920
+57,660
| +2% | +$1.28M |
|
399
Akamai
AKAM
$15B
| $81.5M | 0.04% |
1,470,277
+29,369
| +2% | +$1.49M |
|
400
Dover
DOV
$25.4B
| $81.5M | 0.04% |
1,572,072
+29,545
| +2% | +$1.43M |
|
Similar funds
Geode Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Geode Capital Management held 4,210 positions worth $188B, up 7.4% from $175B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2016: portfolio turnover was 4.2%. Geode Capital Management opened 62 new positions and exited 115, leaving the 4,210-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2016 buy was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3M.
- Geode Capital Management added most to Apple in Q1 2016, an estimated $145M increase.
- Geode Capital Management's biggest Q1 2016 reduction was American International, cutting an estimated $28.8M.
- Geode Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $271M.
- Geode Capital Management's ten largest holdings make up 18% of its $188B portfolio in Q1 2016.
- Geode Capital Management opened 62 new positions and closed 115 in Q1 2016.
- Geode Capital Management's portfolio value rose 7.4% quarter-over-quarter to $188B.
Based on Geode Capital Management's 13F filing for Q1 2016, filed 13 May 2016.