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 |
DuPont de Nemours
DD
|
+$744M |
| 2 |
Baker Hughes
BKR
|
+$156M |
| 3 |
Walt Disney
DIS
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$124M |
| 5 |
Apple
AAPL
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$658M |
| 2 |
RAI
Reynolds American Inc
RAI
|
+$502M |
| 3 |
BHI
Baker Hughes
BHI
|
+$236M |
| 4 |
WFM
Whole Foods Market Inc
WFM
|
+$155M |
| 5 |
SPLS
Staples Inc
SPLS
|
+$73.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.32% |
| 2 | Financials | 16.15% |
| 3 | Healthcare | 13.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
GAP
451
The Gap Inc
GAP
$7.23B
| $105M | 0.04% |
3,572,756
-262,328
| -7% | -$6.45M |
|
452
Snap-on
SNA
$21.2B
| $105M | 0.04% |
707,715
+23,438
| +3% | +$3.52M |
|
453
F5
FFIV
$22.9B
| $105M | 0.04% |
869,215
+20,674
| +2% | +$2.5M |
|
454
Kohl's
KSS
$2.17B
| $104M | 0.04% |
2,288,858
-31,881
| -1% | -$1.31M |
|
455
Alliant Energy
LNT
$18.3B
| $104M | 0.04% |
2,498,478
+106,713
| +4% | +$4.44M |
|
|
XL
456
DELISTED
XL Group Ltd.
XL
| $103M | 0.04% |
2,622,241
+46,496
| +2% | +$1.99M |
|
457
Corpay
CPAY
$25B
| $103M | 0.04% |
665,748
+15,156
| +2% | +$2.22M |
|
458
Xerox
XRX
$386M
| $103M | 0.04% |
3,085,117
-123,396
| -4% | -$3.88M |
|
459
Avery Dennison
AVY
$13B
| $102M | 0.04% |
1,039,706
+42,761
| +4% | +$4.02M |
|
460
Pinnacle West Capital
PNW
$12.2B
| $102M | 0.04% |
1,203,967
+38,531
| +3% | +$3.38M |
|
461
Howmet Aerospace
HWM
$113B
| $101M | 0.04% |
5,327,997
-316,036
| -6% | -$6.05M |
|
462
Owens Corning
OC
$11.2B
| $101M | 0.04% |
1,310,047
-26,072
| -2% | -$1.82M |
|
463
Alaska Air
ALK
$5.29B
| $101M | 0.04% |
1,329,460
+64,396
| +5% | +$5.27M |
|
464
Hormel Foods
HRL
$13.8B
| $101M | 0.04% |
3,146,927
+119,545
| +4% | +$3.91M |
|
465
A.O. Smith
AOS
$8.29B
| $101M | 0.04% |
1,700,219
+426,291
| +33% | +$23.9M |
|
466
PVH
PVH
$4B
| $101M | 0.04% |
799,177
-50,617
| -6% | -$6.17M |
|
467
Fidelity National Financial
FNF
$13.9B
| $100M | 0.04% |
3,339,335
+284,002
| +9% | +$9.29M |
|
468
Nasdaq
NDAQ
$52.7B
| $99.7M | 0.04% |
3,863,835
+173,175
| +5% | +$4.3M |
|
469
NVR
NVR
$16.5B
| $99.4M | 0.04% |
34,843
+1,205
| +4% | +$3.23M |
|
|
TIF
470
DELISTED
Tiffany & Co.
TIF
| $99.3M | 0.04% |
1,083,589
+6,603
| +0.6% | +$605K |
|
|
QVCGA
471
DELISTED
QVC Group Inc Series A
QVCGA
| $98.4M | 0.04% |
86,033
-2,459
| -3% | -$2.76M |
|
472
Kimco Realty
KIM
$17.2B
| $98.3M | 0.04% |
5,034,535
+4,701
| +0.1% | +$92.2K |
|
473
VeriSign
VRSN
$26.2B
| $96.9M | 0.04% |
912,870
+3,654
| +0.4% | +$368K |
|
474
Globe Life
GL
$14.2B
| $96.1M | 0.04% |
1,202,407
+38,264
| +3% | +$2.98M |
|
475
Goodyear
GT
$2B
| $95.3M | 0.04% |
2,871,948
+32,622
| +1% | +$1.06M |
|
Similar funds
Geode Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Geode Capital Management held 4,158 positions worth $271B, up 6.5% from $254B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 4.7%. Geode Capital Management opened 87 new positions and exited 109, leaving the 4,158-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2017 buy was Baker Hughes: 4,388,225 shares worth $160M.
- Geode Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $744M increase.
- Geode Capital Management's biggest Q3 2017 reduction was Hewlett Packard, cutting an estimated $61.7M.
- Geode Capital Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $658M.
- Geode Capital Management's ten largest holdings make up 16% of its $271B portfolio in Q3 2017.
- Geode Capital Management opened 87 new positions and closed 109 in Q3 2017.
- Geode Capital Management's portfolio value rose 6.5% quarter-over-quarter to $271B.
Based on Geode Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.