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 | |
|---|---|---|---|---|---|---|---|
|
HAR
601
DELISTED
Harman International Industries
HAR
| $41.6M | 0.02% |
580,069
+2,608
| +0.5% | +$203K |
2013 Q2
12 quarters
|
|
602
Navient
NAVI
$897M
| $41.5M | 0.02% |
3,480,895
-510,176
| -13% | -$6.49M |
2014 Q2
8 quarters
|
|
603
Brunswick
BC
$4.25B
| $41.4M | 0.02% |
913,201
+22,756
| +3% | +$1.08M |
2013 Q2
12 quarters
|
|
604
DELISTED
Nordstrom
JWN
| $41.2M | 0.02% |
1,083,720
-6,094
| -0.6% | -$271K |
2013 Q2
12 quarters
|
|
605
Trimble
TRMB
$14.2B
| $41M | 0.02% |
1,685,038
+21,164
| +1% | +$530K |
2013 Q2
12 quarters
|
|
606
Brixmor Property Group
BRX
$8.42B
| $41M | 0.02% |
1,550,485
+114,703
| +8% | +$2.94M |
2013 Q4
10 quarters
|
|
607
RPM International
RPM
$12.8B
| $40.9M | 0.02% |
818,965
+17,420
| +2% | +$873K |
2013 Q2
12 quarters
|
|
608
Domino's
DPZ
$9.97B
| $40.9M | 0.02% |
311,445
+7,996
| +3% | +$1.02M |
2013 Q2
12 quarters
|
|
609
DELISTED
Warner Bros
WBD
| $40.8M | 0.02% |
1,619,805
+149,193
| +10% | +$4.08M |
2013 Q2
12 quarters
|
|
|
LSI
610
DELISTED
Life Storage, Inc.
LSI
| $40.5M | 0.02% |
579,290
+34,647
| +6% | +$2.52M |
2013 Q2
12 quarters
|
|
611
Factset
FDS
$10.7B
| $40.4M | 0.02% |
250,109
-17,902
| -7% | -$2.77M |
2013 Q2
12 quarters
|
|
612
Reinsurance Group of America
RGA
$17.2B
| $40.2M | 0.02% |
414,713
+2,343
| +0.6% | +$225K |
2013 Q2
12 quarters
|
|
|
FLIR
613
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $40.1M | 0.02% |
1,297,913
+127,545
| +11% | +$3.98M |
2013 Q2
12 quarters
|
|
614
Antero Resources
AR
$11.2B
| $40.1M | 0.02% |
1,543,037
+370,964
| +32% | +$10.1M |
2013 Q4
10 quarters
|
|
|
CIT
615
DELISTED
CIT Group Inc.
CIT
| $40M | 0.02% |
1,254,546
+58,320
| +5% | +$1.89M |
2013 Q2
12 quarters
|
|
616
NVR
NVR
$15.8B
| $40M | 0.02% |
22,466
+97
| +0.4% | +$166K |
2013 Q2
12 quarters
|
|
617
CDW
CDW
$19.3B
| $40M | 0.02% |
998,230
+50,274
| +5% | +$2.09M |
2013 Q3
11 quarters
|
|
618
Align Technology
ALGN
$10.6B
| $39.8M | 0.02% |
494,705
+21,608
| +5% | +$1.65M |
2013 Q2
12 quarters
|
|
619
Cboe Global Markets
CBOE
$32.2B
| $39.8M | 0.02% |
598,007
+12,944
| +2% | +$830K |
2013 Q2
12 quarters
|
|
620
Openlane
OPLN
$4.51B
| $39.8M | 0.02% |
2,520,236
+17,237
| +0.7% | +$258K |
2013 Q2
12 quarters
|
|
621
NRG Energy
NRG
$21.6B
| $39.6M | 0.02% |
2,648,235
+85,719
| +3% | +$1.27M |
2013 Q2
12 quarters
|
|
622
DELISTED
Ultimate Software Group Inc
ULTI
| $39.6M | 0.02% |
188,380
+8,342
| +5% | +$1.66M |
2013 Q2
12 quarters
|
|
|
PBCT
623
DELISTED
People's United Financial Inc
PBCT
| $39.5M | 0.02% |
2,696,392
-2,432
| -0.1% | -$37.7K |
2013 Q2
12 quarters
|
|
|
SRC
624
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $39.3M | 0.02% |
686,793
+86,483
| +14% | +$4.52M |
2013 Q2
12 quarters
|
|
625
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $39.2M | 0.02% |
+1,666,967
| New | +$39.8M |
2016 Q2
0 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.