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 | |
|---|---|---|---|---|---|---|---|
401
BioMarin Pharmaceuticals
BMRN
$10.7B
| $82.2M | 0.04% |
1,056,429
+45,519
| +5% | +$3.87M |
2013 Q2
12 quarters
|
|
402
Akamai
AKAM
$14.6B
| $81.8M | 0.04% |
1,464,603
-5,674
| -0.4% | -$299K |
2013 Q2
12 quarters
|
|
|
QVCGA
403
DELISTED
QVC Group Inc Series A
QVCGA
| $81.7M | 0.04% |
66,343
+1,547
| +2% | +$1.94M |
2013 Q2
12 quarters
|
|
404
Masco
MAS
$13.6B
| $81.5M | 0.04% |
2,638,710
+2,925
| +0.1% | +$92.3K |
2013 Q2
12 quarters
|
|
405
Textron
TXT
$13B
| $81.4M | 0.04% |
2,229,818
-20,667
| -0.9% | -$787K |
2013 Q2
12 quarters
|
|
406
Snap-on
SNA
$18.7B
| $81M | 0.04% |
514,331
+23,566
| +5% | +$3.74M |
2013 Q2
12 quarters
|
|
407
DELISTED
WestRock Company
WRK
| $80.3M | 0.04% |
2,068,707
-277,381
| -12% | -$10.4M |
2015 Q3
3 quarters
|
|
408
Oneok
OKE
$58B
| $79.9M | 0.04% |
1,686,702
-28,995
| -2% | -$1.15M |
2013 Q2
12 quarters
|
|
409
DELISTED
Juniper Networks
JNPR
| $78.7M | 0.04% |
3,506,359
-24,642
| -0.7% | -$573K |
2013 Q2
12 quarters
|
|
|
KSU
410
DELISTED
Kansas City Southern
KSU
| $78.7M | 0.04% |
875,018
-14,073
| -2% | -$1.28M |
2013 Q2
12 quarters
|
|
411
Iron Mountain
IRM
$34.3B
| $77.1M | 0.04% |
1,940,426
+327,509
| +20% | +$11.9M |
2015 Q2
4 quarters
|
|
412
NiSource
NI
$19.8B
| $76.5M | 0.04% |
2,889,280
+46,006
| +2% | +$1.1M |
2013 Q2
12 quarters
|
|
|
TSS
413
DELISTED
Total System Services, Inc.
TSS
| $76.1M | 0.04% |
1,435,648
-17,643
| -1% | -$915K |
2013 Q2
12 quarters
|
|
|
XL
414
DELISTED
XL Group Ltd.
XL
| $76.1M | 0.04% |
2,287,473
-102,256
| -4% | -$3.49M |
2013 Q2
12 quarters
|
|
415
Pinnacle West Capital
PNW
$12.1B
| $76M | 0.04% |
939,215
-1,447
| -0.2% | -$108K |
2013 Q2
12 quarters
|
|
416
F5
FFIV
$26.8B
| $75.8M | 0.04% |
666,868
+884
| +0.1% | +$95K |
2013 Q2
12 quarters
|
|
417
Annaly Capital Management
NLY
$13.8B
| $75.1M | 0.04% |
1,697,712
+57,675
| +4% | +$2.45M |
2013 Q2
12 quarters
|
|
418
DELISTED
Hanesbrands
HBI
| $75M | 0.04% |
2,991,017
-110,457
| -4% | -$3.01M |
2013 Q2
12 quarters
|
|
419
CarMax
KMX
$7.2B
| $74.9M | 0.04% |
1,530,576
-27,431
| -2% | -$1.41M |
2013 Q2
12 quarters
|
|
420
The Mosaic Company
MOS
$5.99B
| $74.5M | 0.04% |
2,848,994
-200,667
| -7% | -$5.32M |
2013 Q2
12 quarters
|
|
421
DELISTED
Interpublic Group of Companies
IPG
| $74.4M | 0.04% |
3,225,120
+8,735
| +0.3% | +$205K |
2013 Q2
12 quarters
|
|
422
Alliant Energy
LNT
$17.2B
| $74.2M | 0.04% |
1,870,970
+487,124
| +35% | +$18.1M |
2013 Q2
12 quarters
|
|
|
VAR
423
DELISTED
Varian Medical Systems, Inc.
VAR
| $73.6M | 0.04% |
1,022,908
+25,088
| +3% | +$1.82M |
2013 Q2
12 quarters
|
|
424
Albemarle
ALB
$11.6B
| $73.5M | 0.04% |
927,694
+235,500
| +34% | +$17.3M |
2013 Q2
12 quarters
|
|
425
Alibaba
BABA
$276B
| $73.3M | 0.04% |
926,244
+664,185
| +253% | +$52M |
2015 Q4
2 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.