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 |
Johnson & Johnson
JNJ
|
+$150M |
| 2 |
Johnson Controls International
JCI
|
+$145M |
| 3 |
ExxonMobil
XOM
|
+$135M |
| 4 |
Apple
AAPL
|
+$129M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$437M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$146M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$108M |
| 4 |
Danaher
DHR
|
+$103M |
| 5 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$84.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.06% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 14.12% |
| 4 | Industrials | 10.19% |
| 5 | Consumer Discretionary | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
476
CBRE Group
CBRE
$42.3B
| $68.1M | 0.03% |
2,438,603
+130,745
| +6% | +$3.73M |
|
477
Darden Restaurants
DRI
$24B
| $68.1M | 0.03% |
1,112,305
+137,408
| +14% | +$8.52M |
|
478
Amdocs
DOX
$6.28B
| $68.1M | 0.03% |
1,176,853
+49,349
| +4% | +$2.91M |
|
479
NXP Semiconductors
NXPI
$58.7B
| $68M | 0.03% |
670,096
+24,978
| +4% | +$2.12M |
|
480
Fidelity National Financial
FNF
$14.2B
| $68M | 0.03% |
2,655,526
+162,217
| +7% | +$4.19M |
|
481
Affiliated Managers Group
AMG
$9.9B
| $67.8M | 0.03% |
469,434
+15,870
| +3% | +$2.27M |
|
482
Wynn Resorts
WYNN
$10.6B
| $67.7M | 0.03% |
695,994
+12,191
| +2% | +$1.19M |
|
|
TSS
483
DELISTED
Total System Services, Inc.
TSS
| $67.7M | 0.03% |
1,437,422
+1,774
| +0.1% | +$89K |
|
484
Regency Centers
REG
$14.2B
| $67.5M | 0.03% |
871,124
+103,351
| +13% | +$8.36M |
|
485
Celanese
CE
$4.87B
| $67.2M | 0.03% |
1,010,682
+76,037
| +8% | +$4.97M |
|
|
CDK
486
DELISTED
CDK Global, Inc.
CDK
| $67M | 0.03% |
1,167,874
+46,482
| +4% | +$2.67M |
|
487
Workday
WDAY
$41.8B
| $66.9M | 0.03% |
729,989
+17,328
| +2% | +$1.44M |
|
488
Avery Dennison
AVY
$13.1B
| $66.3M | 0.03% |
853,873
+51,880
| +6% | +$3.96M |
|
489
Cheniere Energy
LNG
$55.4B
| $65.8M | 0.03% |
1,509,016
+58,051
| +4% | +$2.45M |
|
490
United Therapeutics
UTHR
$22.4B
| $65.7M | 0.03% |
556,171
+29,543
| +6% | +$3.55M |
|
|
VER
491
DELISTED
VEREIT, Inc.
VER
| $65.2M | 0.03% |
1,257,184
+128,546
| +11% | +$6.69M |
|
492
VeriSign
VRSN
$26.5B
| $64.3M | 0.03% |
823,393
+17,107
| +2% | +$1.37M |
|
493
Brixmor Property Group
BRX
$9.31B
| $64.1M | 0.03% |
2,306,900
+756,415
| +49% | +$21M |
|
|
DISCK
494
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $64M | 0.03% |
2,437,786
-10,600
| -0.4% | -$263K |
|
495
Jefferies Financial Group
JEF
$13B
| $63.8M | 0.03% |
3,746,378
-138,108
| -4% | -$2.29M |
|
496
Qorvo
QRVO
$8.44B
| $63.6M | 0.03% |
1,142,352
+45,435
| +4% | +$2.58M |
|
497
Globe Life
GL
$14.4B
| $63.3M | 0.03% |
992,517
+48,231
| +5% | +$3.03M |
|
498
Travel + Leisure Co
TNL
$4.75B
| $63.1M | 0.03% |
2,080,505
+75,618
| +4% | +$2.42M |
|
499
Broadridge
BR
$18.7B
| $62.7M | 0.03% |
925,190
+42,426
| +5% | +$2.9M |
|
|
ANSS
500
DELISTED
Ansys
ANSS
| $62.2M | 0.03% |
672,241
+26,978
| +4% | +$2.51M |
|
Similar funds
Geode Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Geode Capital Management held 4,151 positions worth $199B, up 8% from $184B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $6.96B of net new capital in Q3 2016, opening 137 new positions and adding to 3,049 existing holdings. Its largest new stake was Fortive: 4,005,895 shares worth $128M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $103M trimmed.
- Geode Capital Management's largest Q3 2016 buy was Fortive: 4,005,895 shares worth $128M.
- Geode Capital Management added most to Johnson & Johnson in Q3 2016, an estimated $150M increase.
- Geode Capital Management's biggest Q3 2016 reduction was Danaher, cutting an estimated $103M.
- Geode Capital Management fully exited EMC CORPORATION in Q3 2016, selling an estimated $437M.
- Geode Capital Management's ten largest holdings make up 15% of its $199B portfolio in Q3 2016.
- Geode Capital Management opened 137 new positions and closed 123 in Q3 2016.
- Geode Capital Management's portfolio value rose 8% quarter-over-quarter to $199B.
Based on Geode Capital Management's 13F filing for Q3 2016, filed 10 Nov 2016.