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 |
Kinder Morgan
KMI
|
+$304M |
| 2 |
Microsoft
MSFT
|
+$131M |
| 3 |
Meta Platforms (Facebook)
META
|
+$127M |
| 4 |
Apple
AAPL
|
+$106M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agilent Technologies
A
|
+$35.5M |
| 2 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$31M |
| 3 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$30.1M |
| 4 |
Automatic Data Processing
ADP
|
+$25.7M |
| 5 |
URS
URS CORP
URS
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.59% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 14.21% |
| 4 | Industrials | 10.66% |
| 5 | Consumer Discretionary | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
Quest Diagnostics
DGX
$26B
| $73.5M | 0.04% |
1,097,088
+47,080
| +4% | +$2.97M |
|
|
JNPR
402
DELISTED
Juniper Networks
JNPR
| $73.2M | 0.04% |
3,282,289
-45,345
| -1% | -$963K |
|
403
Equifax
EFX
$22B
| $72.8M | 0.04% |
901,778
+1,364
| +0.2% | +$106K |
|
|
CSC
404
DELISTED
Computer Sciences
CSC
| $72.2M | 0.04% |
2,722,158
+23,922
| +0.9% | +$616K |
|
405
CMS Energy
CMS
$23B
| $72.2M | 0.04% |
2,079,899
+59,328
| +3% | +$1.94M |
|
406
Newmont
NEM
$96.2B
| $72.1M | 0.04% |
3,819,336
+173,186
| +5% | +$3.49M |
|
407
Charter Communications
CHTR
$17.3B
| $71.7M | 0.04% |
430,704
+16,870
| +4% | +$2.67M |
|
408
McCormick & Company Non-Voting
MKC
$14B
| $70.9M | 0.04% |
1,911,910
+62,668
| +3% | +$2.24M |
|
|
SWN
409
DELISTED
Southwestern Energy Company
SWN
| $70.7M | 0.04% |
2,595,785
+110,455
| +4% | +$3.55M |
|
410
Ball Corp
BALL
$17.5B
| $70.7M | 0.04% |
2,077,614
+49,544
| +2% | +$1.63M |
|
411
BioMarin Pharmaceuticals
BMRN
$11.9B
| $70.6M | 0.04% |
781,154
+24,679
| +3% | +$2.05M |
|
412
Fluor
FLR
$6.54B
| $70.1M | 0.04% |
1,157,996
+32,209
| +3% | +$2.04M |
|
|
XEC
413
DELISTED
CIMAREX ENERGY CO
XEC
| $69.5M | 0.04% |
656,681
+22,196
| +3% | +$2.46M |
|
414
CBRE Group
CBRE
$43.3B
| $69.5M | 0.04% |
2,032,118
+72,719
| +4% | +$2.33M |
|
415
Expedia Group
EXPE
$36.5B
| $69.4M | 0.04% |
814,384
+35,693
| +5% | +$3.03M |
|
416
NRG Energy
NRG
$26.2B
| $69M | 0.04% |
2,563,987
+102,949
| +4% | +$3.05M |
|
417
AES
AES
$10.6B
| $69M | 0.04% |
5,013,935
+133,739
| +3% | +$1.83M |
|
418
Waters Corp
WAT
$37.3B
| $68.6M | 0.04% |
609,646
+16,317
| +3% | +$1.79M |
|
419
Microchip Technology
MCHP
$38.8B
| $68.5M | 0.04% |
3,043,010
+127,546
| +4% | +$2.77M |
|
|
XL
420
DELISTED
XL Group Ltd.
XL
| $68.2M | 0.04% |
1,987,016
+22,022
| +1% | +$751K |
|
421
Unum
UNM
$13.4B
| $68.1M | 0.04% |
1,954,142
+42,743
| +2% | +$1.44M |
|
422
Huntington Bancshares
HBAN
$34B
| $67M | 0.04% |
6,380,614
+245,626
| +4% | +$2.45M |
|
|
DISCK
423
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $66.7M | 0.04% |
1,980,660
+87,685
| +5% | +$2.99M |
|
424
Range Resources
RRC
$9.33B
| $66.1M | 0.04% |
1,239,036
+53,884
| +5% | +$3.48M |
|
425
Masco
MAS
$14.6B
| $66.1M | 0.04% |
2,987,888
+113,646
| +4% | +$2.35M |
|
Similar funds
Geode Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Geode Capital Management held 4,051 positions worth $168B, up 9% from $154B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $5.23B of net new capital in Q4 2014, opening 130 new positions and adding to 2,924 existing holdings. Its largest new stake was CDK Global, Inc.: 836,934 shares worth $34.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Agilent Technologies, an estimated $35.5M trimmed.
- Geode Capital Management's largest Q4 2014 buy was CDK Global, Inc.: 836,934 shares worth $34.1M.
- Geode Capital Management added most to Kinder Morgan in Q4 2014, an estimated $304M increase.
- Geode Capital Management's biggest Q4 2014 reduction was Agilent Technologies, cutting an estimated $35.5M.
- Geode Capital Management fully exited CONCUR TECHNOLOGIES INC in Q4 2014, selling an estimated $31M.
- Geode Capital Management's ten largest holdings make up 15% of its $168B portfolio in Q4 2014.
- Geode Capital Management opened 130 new positions and closed 76 in Q4 2014.
- Geode Capital Management's portfolio value rose 9% quarter-over-quarter to $168B.
Based on Geode Capital Management's 13F filing for Q4 2014, filed 12 Feb 2015.