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 | |
|---|---|---|---|---|---|---|
651
Vail Resorts
MTN
$5.3B
| $38.6M | 0.02% |
246,142
+15,949
| +7% | +$2.43M |
|
652
Lennox International
LII
$15.2B
| $38.6M | 0.02% |
245,803
+7,014
| +3% | +$1.09M |
|
|
WOOF
653
DELISTED
VCA Inc.
WOOF
| $38.6M | 0.02% |
551,370
+17,601
| +3% | +$1.23M |
|
|
EGN
654
DELISTED
Energen
EGN
| $38M | 0.02% |
658,237
+39,299
| +6% | +$2.05M |
|
655
NVR
NVR
$17.1B
| $38M | 0.02% |
23,166
+700
| +3% | +$1.19M |
|
|
ARRS
656
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $38M | 0.02% |
1,340,542
+116,783
| +10% | +$3.12M |
|
657
Burlington
BURL
$23.2B
| $37.9M | 0.02% |
468,389
+20,018
| +4% | +$1.55M |
|
|
CIM
658
Chimera Investment
CIM
$1.01B
| $37.9M | 0.02% |
791,615
+29,532
| +4% | +$1.45M |
|
659
Teradata
TDC
$2.55B
| $37.7M | 0.02% |
1,217,329
+109,967
| +10% | +$3.27M |
|
|
WRI
660
DELISTED
Weingarten Realty Investors
WRI
| $37.6M | 0.02% |
964,677
+102,520
| +12% | +$4.23M |
|
661
Fortinet
FTNT
$117B
| $37.5M | 0.02% |
5,080,205
+268,765
| +6% | +$1.88M |
|
662
Trinity Industries
TRN
$2.38B
| $37.5M | 0.02% |
2,152,126
+107,529
| +5% | +$1.77M |
|
663
Allison Transmission
ALSN
$9.73B
| $37.4M | 0.02% |
1,304,142
-13,359
| -1% | -$377K |
|
664
Avnet
AVT
$7.94B
| $37.3M | 0.02% |
910,021
+62,501
| +7% | +$2.55M |
|
665
Liberty Broadband Class C
LBRDK
$5.18B
| $37.3M | 0.02% |
522,269
+30,910
| +6% | +$2.06M |
|
|
PF
666
DELISTED
Pinnacle Foods, Inc.
PF
| $37.3M | 0.02% |
743,239
+38,901
| +6% | +$1.93M |
|
|
ENDP
667
DELISTED
Endo International plc
ENDP
| $37.3M | 0.02% |
1,852,142
+58,719
| +3% | +$1.17M |
|
|
PDCO
668
DELISTED
Patterson Companies, Inc.
PDCO
| $37.2M | 0.02% |
811,696
+32,110
| +4% | +$1.52M |
|
669
Hubbell
HUBB
$27.3B
| $37.2M | 0.02% |
345,488
+8,941
| +3% | +$950K |
|
670
American Homes 4 Rent
AMH
$12.5B
| $37.2M | 0.02% |
1,717,228
+350,420
| +26% | +$7.59M |
|
671
ON Semiconductor
ON
$19.4B
| $37.2M | 0.02% |
3,016,114
+194,456
| +7% | +$2.01M |
|
672
West Pharmaceutical
WST
$24.9B
| $37.1M | 0.02% |
497,800
+11,008
| +2% | +$874K |
|
673
Sensata Technologies
ST
$6.82B
| $37M | 0.02% |
955,675
+28,731
| +3% | +$1.09M |
|
674
Keysight
KEYS
$58.2B
| $37M | 0.02% |
1,167,858
+75,283
| +7% | +$2.24M |
|
675
Essential Utilities
WTRG
$11.4B
| $37M | 0.02% |
1,213,839
+36,730
| +3% | +$1.19M |
|
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.