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 | |
|---|---|---|---|---|---|---|---|
|
ATHN
651
DELISTED
Athenahealth, Inc.
ATHN
| $35.7M | 0.02% |
258,557
+12,664
| +5% | +$1.68M |
2013 Q2
12 quarters
|
|
652
Hubbell
HUBB
$24.6B
| $35.5M | 0.02% |
336,547
-2,410
| -0.7% | -$254K |
2015 Q4
2 quarters
|
|
|
WRI
653
DELISTED
Weingarten Realty Investors
WRI
| $35.2M | 0.02% |
862,157
-26,876
| -3% | -$1.02M |
2013 Q2
12 quarters
|
|
|
TCO
654
DELISTED
Taubman Centers Inc.
TCO
| $35.1M | 0.02% |
473,220
-32,525
| -6% | -$2.29M |
2013 Q2
12 quarters
|
|
|
BEAV
655
DELISTED
B/E Aerospace Inc
BEAV
| $35M | 0.02% |
758,643
-19,803
| -3% | -$946K |
2013 Q2
12 quarters
|
|
656
Starwood Property Trust
STWD
$4.67B
| $35M | 0.02% |
1,689,638
-108,480
| -6% | -$2.16M |
2013 Q2
12 quarters
|
|
657
Transocean
RIG
$6.15B
| $34.9M | 0.02% |
2,943,255
+369,301
| +14% | +$3.78M |
2013 Q2
12 quarters
|
|
|
LVNTA
658
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $34.3M | 0.02% |
926,586
+47,774
| +5% | +$1.82M |
2013 Q2
12 quarters
|
|
659
Avnet
AVT
$7.64B
| $34.3M | 0.02% |
847,520
-12,736
| -1% | -$531K |
2013 Q2
12 quarters
|
|
660
CoreCivic
CXW
$3.09B
| $34.3M | 0.02% |
978,159
+13,787
| +1% | +$452K |
2013 Q2
12 quarters
|
|
661
Lennox International
LII
$12.4B
| $34.1M | 0.02% |
238,789
+7,247
| +3% | +$996K |
2013 Q2
12 quarters
|
|
662
Hain Celestial
HAIN
$25.7M
| $33.9M | 0.02% |
682,352
+25,246
| +4% | +$1.17M |
2013 Q2
12 quarters
|
|
663
Innovex International
INVX
$1.92B
| $33.8M | 0.02% |
578,218
-16,081
| -3% | -$972K |
2013 Q2
12 quarters
|
|
664
Carter's
CRI
$1.2B
| $33.8M | 0.02% |
317,129
+6,977
| +2% | +$720K |
2013 Q2
12 quarters
|
|
665
Tyler Technologies
TYL
$14.9B
| $33.8M | 0.02% |
202,494
-10,003
| -5% | -$1.48M |
2013 Q2
12 quarters
|
|
666
Casey's General Stores
CASY
$24.9B
| $33.7M | 0.02% |
256,550
-21,025
| -8% | -$2.44M |
2013 Q2
12 quarters
|
|
667
American Financial Group
AFG
$12.1B
| $33.6M | 0.02% |
454,920
+7,501
| +2% | +$531K |
2013 Q2
12 quarters
|
|
668
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $33.6M | 0.02% |
453,571
+19,484
| +4% | +$1.37M |
2015 Q2
4 quarters
|
|
669
Steris
STE
$21.9B
| $33.5M | 0.02% |
487,486
-85,469
| -15% | -$5.99M |
2013 Q2
12 quarters
|
|
670
Post Holdings
POST
$3.51B
| $33.2M | 0.02% |
614,148
-123,662
| -17% | -$5.98M |
2013 Q2
12 quarters
|
|
|
DCT
671
DELISTED
DCT Industrial Trust Inc.
DCT
| $33.1M | 0.02% |
688,865
-12,184
| -2% | -$518K |
2013 Q2
12 quarters
|
|
|
TMX
672
DELISTED
Terminix Global Holdings, Inc.
TMX
| $33M | 0.02% |
1,236,474
-86,661
| -7% | -$2.2M |
2014 Q3
7 quarters
|
|
673
Copart
CPRT
$25.7B
| $33M | 0.02% |
5,379,264
+14,744
| +0.3% | +$82.8K |
2013 Q2
12 quarters
|
|
|
IM
674
DELISTED
Ingram Micro
IM
| $32.9M | 0.02% |
945,985
-3,295
| -0.3% | -$115K |
2013 Q2
12 quarters
|
|
675
Edgewell Personal Care
EPC
$1.3B
| $32.8M | 0.02% |
389,291
+4,824
| +1% | +$390K |
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.