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 | |
|---|---|---|---|---|---|---|---|
626
Quanta Services
PWR
$97.8B
| $39.1M | 0.02% |
1,693,179
-94,542
| -5% | -$2.19M |
2013 Q2
12 quarters
|
|
627
IDEX
IEX
$17.4B
| $39.1M | 0.02% |
476,034
+7,187
| +2% | +$598K |
2013 Q2
12 quarters
|
|
628
Highwoods Properties
HIW
$3.14B
| $39M | 0.02% |
738,692
-30,388
| -4% | -$1.46M |
2013 Q2
12 quarters
|
|
629
News Corp Class A
NWSA
$15.8B
| $38.3M | 0.02% |
3,383,735
-21,863
| -0.6% | -$263K |
2013 Q3
11 quarters
|
|
|
SVC
630
Service Properties Trust
SVC
$763M
| $38.1M | 0.02% |
264,406
-1,119
| -0.4% | -$148K |
2013 Q2
12 quarters
|
|
631
Diversified Healthcare Trust
DHC
$1.81B
| $37.7M | 0.02% |
1,808,005
-225,500
| -11% | -$4.2M |
2013 Q2
12 quarters
|
|
632
Sun Communities
SUI
$13.9B
| $37.6M | 0.02% |
490,907
+17,828
| +4% | +$1.26M |
2013 Q2
12 quarters
|
|
|
FCE.A
633
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $37.6M | 0.02% |
1,683,992
+11,810
| +0.7% | +$257K |
2016 Q1
1 quarter
|
|
634
Douglas Emmett
DEI
$1.57B
| $37.5M | 0.02% |
1,056,822
-41,892
| -4% | -$1.38M |
2013 Q2
12 quarters
|
|
635
DELISTED
Patterson Companies, Inc.
PDCO
| $37.3M | 0.02% |
779,586
-4,126
| -0.5% | -$190K |
2013 Q2
12 quarters
|
|
636
Allison Transmission
ALSN
$9.04B
| $37.2M | 0.02% |
1,317,501
+1,375
| +0.1% | +$38.2K |
2013 Q2
12 quarters
|
|
637
East-West Bancorp
EWBC
$16.9B
| $37.1M | 0.02% |
1,084,713
+116,554
| +12% | +$4.21M |
2013 Q2
12 quarters
|
|
638
RenaissanceRe
RNR
$14.2B
| $37M | 0.02% |
314,889
+9,856
| +3% | +$1.13M |
2013 Q2
12 quarters
|
|
639
West Pharmaceutical
WST
$26.5B
| $36.9M | 0.02% |
486,792
+6,951
| +1% | +$506K |
2013 Q2
12 quarters
|
|
640
DELISTED
Dun & Bradstreet
DNB
| $36.8M | 0.02% |
302,879
-2,508
| -0.8% | -$294K |
2013 Q2
12 quarters
|
|
641
MarketAxess Holdings
MKTX
$5.79B
| $36.6M | 0.02% |
252,061
-6,385
| -2% | -$849K |
2013 Q2
12 quarters
|
|
642
AXIS Capital
AXS
$7.14B
| $36.6M | 0.02% |
665,836
+11,698
| +2% | +$635K |
2013 Q2
12 quarters
|
|
643
Sabre
SABR
$714M
| $36.5M | 0.02% |
1,364,734
+93,772
| +7% | +$2.63M |
2014 Q2
8 quarters
|
|
644
Omega Healthcare
OHI
$13.8B
| $36.4M | 0.02% |
1,073,337
+45,813
| +4% | +$1.53M |
2013 Q2
12 quarters
|
|
645
MFA Financial
MFA
$662M
| $36.3M | 0.02% |
1,247,820
+33,446
| +3% | +$941K |
2013 Q2
12 quarters
|
|
646
DELISTED
Treehouse Foods
THS
| $36.1M | 0.02% |
351,629
-36,847
| -9% | -$3.4M |
2013 Q2
12 quarters
|
|
647
DELISTED
VCA Inc.
WOOF
| $36.1M | 0.02% |
533,769
+17,913
| +3% | +$1.14M |
2013 Q2
12 quarters
|
|
648
Old Republic International
ORI
$9.26B
| $36M | 0.02% |
1,865,829
+131,336
| +8% | +$2.45M |
2013 Q2
12 quarters
|
|
649
Arrow Electronics
ARW
$11.3B
| $35.9M | 0.02% |
580,876
+1,775
| +0.3% | +$113K |
2013 Q2
12 quarters
|
|
650
Chimera Investment
CIM
$715M
| $35.9M | 0.02% |
762,083
+145,561
| +24% | +$6.43M |
2013 Q2
12 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.