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 | |
|---|---|---|---|---|---|---|---|
576
A.O. Smith
AOS
$7.79B
| $44.1M | 0.02% |
1,000,580
+108,964
| +12% | +$4.4M |
2013 Q2
12 quarters
|
|
577
Zions Bancorporation
ZION
$8.97B
| $44M | 0.02% |
1,751,796
-6,153
| -0.4% | -$163K |
2013 Q2
12 quarters
|
|
578
Diamondback Energy
FANG
$55.4B
| $43.9M | 0.02% |
480,811
+14,608
| +3% | +$1.26M |
2013 Q2
12 quarters
|
|
579
Polaris
PII
$2.88B
| $43.7M | 0.02% |
534,256
+53,891
| +11% | +$4.78M |
2013 Q2
12 quarters
|
|
580
Garmin
GRMN
$53.6B
| $43.5M | 0.02% |
1,027,443
-10,119
| -1% | -$421K |
2013 Q2
12 quarters
|
|
581
Packaging Corp of America
PKG
$20.4B
| $43.5M | 0.02% |
650,239
-6,245
| -1% | -$408K |
2013 Q2
12 quarters
|
|
582
Targa Resources
TRGP
$62.4B
| $43.4M | 0.02% |
1,030,498
+41,311
| +4% | +$1.62M |
2013 Q2
12 quarters
|
|
583
Alkermes
ALKS
$6.65B
| $43.2M | 0.02% |
1,000,875
+29,046
| +3% | +$1.2M |
2013 Q2
12 quarters
|
|
584
Crown Holdings
CCK
$11.9B
| $43.2M | 0.02% |
853,654
+8,612
| +1% | +$450K |
2013 Q2
12 quarters
|
|
585
Middleby
MIDD
$4.77B
| $43.2M | 0.02% |
375,025
+14,731
| +4% | +$1.69M |
2013 Q2
12 quarters
|
|
586
Carlisle Companies
CSL
$12.8B
| $43M | 0.02% |
406,995
+12,161
| +3% | +$1.23M |
2013 Q2
12 quarters
|
|
587
Norwegian Cruise Line
NCLH
$6.84B
| $42.9M | 0.02% |
1,078,126
+76,103
| +8% | +$3.63M |
2013 Q2
12 quarters
|
|
588
Gaming and Leisure Properties
GLPI
$11.1B
| $42.9M | 0.02% |
1,244,643
+620,060
| +99% | +$20.6M |
2013 Q4
10 quarters
|
|
|
CSC
589
DELISTED
Computer Sciences
CSC
| $42.9M | 0.02% |
863,704
+20,540
| +2% | +$831K |
2013 Q2
12 quarters
|
|
590
H&R Block
HRB
$5.55B
| $42.8M | 0.02% |
1,865,277
-123,899
| -6% | -$2.75M |
2013 Q2
12 quarters
|
|
591
JetBlue
JBLU
$1.18B
| $42.7M | 0.02% |
2,577,647
+29,167
| +1% | +$542K |
2013 Q2
12 quarters
|
|
592
Pediatrix Medical
MD
$2.19B
| $42.7M | 0.02% |
589,595
+17,191
| +3% | +$1.18M |
2013 Q2
12 quarters
|
|
593
Murphy Oil
MUR
$5.62B
| $42.5M | 0.02% |
1,340,137
+1,441
| +0.1% | +$43.6K |
2013 Q2
12 quarters
|
|
594
OGE Energy
OGE
$9.79B
| $42.4M | 0.02% |
1,294,509
+15,659
| +1% | +$469K |
2013 Q2
12 quarters
|
|
595
Raymond James Financial
RJF
$29.9B
| $42.1M | 0.02% |
1,280,711
+93,758
| +8% | +$3.21M |
2013 Q2
12 quarters
|
|
596
Essential Utilities
WTRG
$11.3B
| $42M | 0.02% |
1,177,109
+57,884
| +5% | +$1.88M |
2013 Q2
12 quarters
|
|
597
SITE Centers
SITC
$161M
| $41.8M | 0.02% |
1,789,977
-34,378
| -2% | -$776K |
2013 Q2
12 quarters
|
|
598
W.R. Berkley
WRB
$27.4B
| $41.7M | 0.02% |
2,350,964
+116,778
| +5% | +$1.94M |
2013 Q2
12 quarters
|
|
599
IQVIA
IQV
$43.2B
| $41.7M | 0.02% |
638,454
+59,517
| +10% | +$3.99M |
2013 Q2
12 quarters
|
|
600
DELISTED
TEGNA Inc
TGNA
| $41.7M | 0.02% |
2,815,920
-153,832
| -5% | -$2.25M |
2015 Q3
3 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.