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 |
S&P Global
SPGI
|
+$216M |
| 2 |
Charter Communications
CHTR
|
+$192M |
| 3 |
SLB Ltd
SLB
|
+$79.3M |
| 4 |
IBM
IBM
|
+$70.2M |
| 5 |
Newell Brands
NWL
|
+$67.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AFFX
Affymetrix Inc
AFFX
|
+$7.53B |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$447M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$229M |
| 4 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$208M |
| 5 |
SANDISK CORP
SNDK
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.87% |
| 2 | Technology | 14.38% |
| 3 | Financials | 13.98% |
| 4 | Industrials | 10.32% |
| 5 | Consumer Discretionary | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
376
Capri Holdings
CPRI
$1.7B
| $89.7M | 0.05% |
1,814,419
+51,723
| +3% | +$2.54M |
2013 Q2
12 quarters
|
|
377
Incyte
INCY
$22.8B
| $89.4M | 0.05% |
1,117,938
+49,702
| +5% | +$3.86M |
2013 Q2
12 quarters
|
|
378
Ametek
AME
$57.8B
| $88.9M | 0.05% |
1,925,630
+56,878
| +3% | +$2.74M |
2013 Q2
12 quarters
|
|
379
Mattel
MAT
$4.8B
| $88.6M | 0.05% |
2,834,902
-80,002
| -3% | -$2.54M |
2013 Q2
12 quarters
|
|
380
Dover
DOV
$25.9B
| $87.9M | 0.05% |
1,572,969
+897
| +0.1% | +$48.3K |
2013 Q2
12 quarters
|
|
381
Eastman Chemical
EMN
$7.16B
| $87.2M | 0.05% |
1,286,550
+16,687
| +1% | +$1.23M |
2013 Q2
12 quarters
|
|
382
Hormel Foods
HRL
$10.5B
| $86.7M | 0.05% |
2,371,626
+25,671
| +1% | +$960K |
2013 Q2
12 quarters
|
|
|
SCG
383
DELISTED
Scana
SCG
| $86.6M | 0.05% |
1,146,772
-38,777
| -3% | -$2.72M |
2013 Q2
12 quarters
|
|
384
Cintas
CTAS
$81.6B
| $85.8M | 0.05% |
3,504,124
+279,424
| +9% | +$6.43M |
2013 Q2
12 quarters
|
|
385
Invesco
IVZ
$12.9B
| $85.8M | 0.05% |
3,366,626
-38,069
| -1% | -$1.13M |
2013 Q2
12 quarters
|
|
386
LKQ Corp
LKQ
$5.56B
| $85.5M | 0.05% |
2,702,692
+722,318
| +36% | +$23.5M |
2013 Q2
12 quarters
|
|
387
Markel Group
MKL
$22B
| $85.5M | 0.05% |
89,762
+4,890
| +6% | +$4.55M |
2013 Q2
12 quarters
|
|
388
Western Union
WU
$1.91B
| $85.4M | 0.05% |
4,461,877
+17,719
| +0.4% | +$344K |
2013 Q2
12 quarters
|
|
389
International Flavors & Fragrances
IFF
$21.6B
| $85.3M | 0.05% |
677,446
-216
| -0% | -$26.7K |
2013 Q2
12 quarters
|
|
390
Pentair
PNR
$8.44B
| $85M | 0.05% |
2,176,081
-44,648
| -2% | -$1.74M |
2013 Q2
12 quarters
|
|
391
T-Mobile US
TMUS
$163B
| $84.9M | 0.05% |
1,962,090
+24,185
| +1% | +$992K |
2013 Q2
12 quarters
|
|
392
Lincoln National
LNC
$7.81B
| $84.4M | 0.05% |
2,179,833
+23,080
| +1% | +$979K |
2013 Q2
12 quarters
|
|
393
L3Harris
LHX
$44.3B
| $84.4M | 0.05% |
1,012,945
+2,857
| +0.3% | +$226K |
2013 Q2
12 quarters
|
|
|
CPGX
394
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| $84.3M | 0.05% |
3,314,465
-17,606
| -0.5% | -$449K |
2015 Q3
3 quarters
|
|
395
D.R. Horton
DHI
$37.7B
| $84.1M | 0.05% |
2,677,142
-69,660
| -3% | -$2.13M |
2013 Q2
12 quarters
|
|
396
Expeditors International
EXPD
$25.2B
| $84.1M | 0.05% |
1,717,533
+45,208
| +3% | +$2.19M |
2013 Q2
12 quarters
|
|
397
CenterPoint Energy
CNP
$25.6B
| $84.1M | 0.05% |
3,508,461
-88,425
| -2% | -$1.95M |
2013 Q2
12 quarters
|
|
398
DELISTED
Hologic
HOLX
| $83.5M | 0.05% |
2,416,274
+87,948
| +4% | +$3.05M |
2013 Q2
12 quarters
|
|
399
Hasbro
HAS
$13.3B
| $82.5M | 0.04% |
983,411
-2,486
| -0.3% | -$210K |
2013 Q2
12 quarters
|
|
400
KeyCorp
KEY
$21.5B
| $82.2M | 0.04% |
7,447,204
-29,244
| -0.4% | -$349K |
2013 Q2
12 quarters
|
|
Similar funds
Geode Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Geode Capital Management held 4,187 positions worth $184B, down 2.4% from $188B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management withdrew a net $8.49B in Q2 2016, closing 127 positions and reducing 984 holdings. Its most notable exit was Affymetrix Inc, an estimated $7.53B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Technology and Financials.
Against the trend, Geode Capital Management opened a new position in S&P Global worth $215M.
- Geode Capital Management's largest Q2 2016 buy was S&P Global: 2,009,728 shares worth $215M.
- Geode Capital Management added most to Charter Communications in Q2 2016, an estimated $192M increase.
- Geode Capital Management's biggest Q2 2016 reduction was GE Aerospace, cutting an estimated $72.2M.
- Geode Capital Management fully exited Affymetrix Inc in Q2 2016, selling an estimated $7.53B.
- Geode Capital Management's ten largest holdings make up 15% of its $184B portfolio in Q2 2016.
- Geode Capital Management opened 96 new positions and closed 127 in Q2 2016.
- Geode Capital Management's portfolio value fell 2.4% quarter-over-quarter to $184B.
Based on Geode Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.