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 |
Meta Platforms (Facebook)
META
|
+$272M |
| 2 |
ExxonMobil
XOM
|
+$152M |
| 3 |
Apple
AAPL
|
+$112M |
| 4 |
Johnson & Johnson
JNJ
|
+$107M |
| 5 |
GE Aerospace
GE
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DELL
DELL INC
DELL
|
+$142M |
| 2 |
NYX
NYSE EURONEXT INC
NYX
|
+$72.4M |
| 3 |
ONXX
ONYX PHARMACEUTICALS INC
ONXX
|
+$42.4M |
| 4 |
MOLX
MOLEX INC
MOLX
|
+$37.2M |
| 5 |
Trane Technologies
TT
|
+$25.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.27% |
| 2 | Technology | 13.72% |
| 3 | Healthcare | 12.85% |
| 4 | Industrials | 11.23% |
| 5 | Energy | 9.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Walt Disney
DIS
$171B
| $944M | 0.65% |
12,361,068
+478,806
| +4% | +$33.2M |
|
27
Walmart Inc
WMT
$907B
| $944M | 0.65% |
36,001,914
+1,179,327
| +3% | +$30.5M |
|
28
PepsiCo
PEP
$196B
| $934M | 0.65% |
11,260,519
+294,537
| +3% | +$24.5M |
|
29
Cisco
CSCO
$451B
| $930M | 0.64% |
41,438,137
+2,247,295
| +6% | +$49.7M |
|
30
SLB Ltd
SLB
$73.3B
| $875M | 0.61% |
9,708,808
+291,599
| +3% | +$26.3M |
|
31
Gilead Sciences
GILD
$166B
| $864M | 0.6% |
11,506,707
+409,251
| +4% | +$28.5M |
|
32
Home Depot
HD
$340B
| $856M | 0.59% |
10,394,718
+159,760
| +2% | +$12.4M |
|
33
Visa
V
$699B
| $832M | 0.58% |
14,948,260
+285,296
| +2% | +$14.4M |
|
34
McDonald's
MCD
$192B
| $709M | 0.49% |
7,304,343
+203,888
| +3% | +$19.6M |
|
35
RTX Corp
RTX
$295B
| $707M | 0.49% |
9,872,061
+338,655
| +4% | +$23.1M |
|
36
Boeing
BA
$171B
| $699M | 0.48% |
5,122,284
+159,816
| +3% | +$20.8M |
|
|
37
Meta Platforms (Facebook)
META
$1.51T
| $680M | 0.47% |
12,440,753
+5,416,679
| +77% | +$272M |
|
38
3M
MMM
$92.4B
| $666M | 0.46% |
5,681,205
+146,262
| +3% | +$15.6M |
|
39
ConocoPhillips
COP
$144B
| $653M | 0.45% |
9,249,003
+519,740
| +6% | +$37.3M |
|
40
Amgen
AMGN
$210B
| $647M | 0.45% |
5,671,972
+195,658
| +4% | +$22.3M |
|
41
CVS Health
CVS
$136B
| $647M | 0.45% |
9,042,984
+223,177
| +3% | +$14.3M |
|
42
Bristol-Myers Squibb
BMY
$130B
| $644M | 0.45% |
12,116,379
+428,148
| +4% | +$21.8M |
|
43
Mastercard
MA
$499B
| $641M | 0.44% |
7,670,430
+246,530
| +3% | +$18.3M |
|
44
AbbVie
ABBV
$470B
| $622M | 0.43% |
11,773,798
+432,980
| +4% | +$21.3M |
|
45
American Express
AXP
$226B
| $619M | 0.43% |
6,824,626
+189,354
| +3% | +$15.6M |
|
46
Occidental Petroleum
OXY
$55.6B
| $578M | 0.4% |
6,348,260
+352,403
| +6% | +$32.2M |
|
47
UnitedHealth
UNH
$384B
| $574M | 0.4% |
7,625,933
+361,124
| +5% | +$25.9M |
|
48
Union Pacific
UNP
$173B
| $571M | 0.4% |
6,800,806
+182,058
| +3% | +$14.4M |
|
49
Goldman Sachs
GS
$294B
| $569M | 0.39% |
3,209,080
+198,540
| +7% | +$32.7M |
|
50
American International
AIG
$42.5B
| $567M | 0.39% |
11,109,043
+590,162
| +6% | +$29.4M |
|
Similar funds
Geode Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Geode Capital Management held 3,826 positions worth $144B, up 16% from $125B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Geode Capital Management deployed $6.87B of net new capital in Q4 2013, opening 169 new positions and adding to 3,008 existing holdings. Its largest new stake was Allegion: 648,283 shares worth $28.6M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Trane Technologies, an estimated $25.5M trimmed.
- Geode Capital Management's largest Q4 2013 buy was Allegion: 648,283 shares worth $28.6M.
- Geode Capital Management added most to Meta Platforms (Facebook) in Q4 2013, an estimated $272M increase.
- Geode Capital Management's biggest Q4 2013 reduction was Trane Technologies, cutting an estimated $25.5M.
- Geode Capital Management fully exited DELL INC in Q4 2013, selling an estimated $142M.
- Geode Capital Management's ten largest holdings make up 16% of its $144B portfolio in Q4 2013.
- Geode Capital Management opened 169 new positions and closed 66 in Q4 2013.
- Geode Capital Management's portfolio value rose 16% quarter-over-quarter to $144B.
Based on Geode Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.