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 |
Kinder Morgan
KMI
|
+$304M |
| 2 |
Microsoft
MSFT
|
+$131M |
| 3 |
Meta Platforms (Facebook)
META
|
+$127M |
| 4 |
Apple
AAPL
|
+$106M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agilent Technologies
A
|
+$35.5M |
| 2 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$31M |
| 3 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$30.1M |
| 4 |
Automatic Data Processing
ADP
|
+$25.7M |
| 5 |
URS
URS CORP
URS
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.59% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 14.21% |
| 4 | Industrials | 10.66% |
| 5 | Consumer Discretionary | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Broadridge
BR
$18.9B
| $27.7M | 0.02% |
600,868
+24,731
| +4% | +$1.08M |
|
|
WR
702
DELISTED
Westar Energy Inc
WR
| $27.7M | 0.02% |
671,828
+8,833
| +1% | +$337K |
|
|
RAX
703
DELISTED
Rackspace Hosting Inc
RAX
| $27.7M | 0.02% |
591,203
+17,151
| +3% | +$707K |
|
|
SPR
704
DELISTED
Spirit AeroSystems
SPR
| $27.6M | 0.02% |
641,904
+3,042
| +0.5% | +$123K |
|
705
First Solar
FSLR
$25.4B
| $27.4M | 0.02% |
614,496
+44,625
| +8% | +$2.27M |
|
706
SS&C Technologies
SSNC
$18.6B
| $27.3M | 0.02% |
934,854
+27,006
| +3% | +$669K |
|
707
Urban Outfitters
URBN
$6.67B
| $27.3M | 0.02% |
777,572
+17,523
| +2% | +$568K |
|
|
PL
708
DELISTED
PROTECTIVE LIFE CORP
PL
| $27.1M | 0.02% |
389,284
-20,964
| -5% | -$1.46M |
|
709
NNN REIT
NNN
$9.01B
| $27.1M | 0.02% |
687,672
+71,270
| +12% | +$2.7M |
|
710
JetBlue
JBLU
$2.4B
| $27M | 0.02% |
1,703,745
+120,022
| +8% | +$1.56M |
|
|
TMH
711
DELISTED
Team Health Holdings Inc
TMH
| $26.8M | 0.02% |
465,772
+13,186
| +3% | +$760K |
|
712
NVR
NVR
$17B
| $26.6M | 0.02% |
20,819
-10
| -0% | -$12.1K |
|
|
BMR
713
DELISTED
BIOMED REALTY TRUST INC
BMR
| $26.5M | 0.02% |
1,231,844
+9,247
| +0.8% | +$197K |
|
714
Essential Utilities
WTRG
$11.2B
| $26.4M | 0.02% |
988,641
+34,270
| +4% | +$881K |
|
|
WDR
715
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $26.4M | 0.02% |
529,719
+28,263
| +6% | +$1.35M |
|
|
SIRO
716
DELISTED
SIRONA DENTAL SYSTEMS INC COM STK
SIRO
| $26.3M | 0.02% |
300,525
+5,534
| +2% | +$457K |
|
717
Steel Dynamics
STLD
$38.1B
| $26.3M | 0.02% |
1,329,804
-15,797
| -1% | -$341K |
|
|
MFA
718
MFA Financial
MFA
$920M
| $26.2M | 0.02% |
819,926
+45,180
| +6% | +$1.49M |
|
719
Howard Hughes
HHH
$3.92B
| $26.1M | 0.02% |
209,716
+2,892
| +1% | +$386K |
|
|
AZPN
720
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $26M | 0.02% |
742,000
+28,801
| +4% | +$1.01M |
|
|
WOOF
721
DELISTED
VCA Inc.
WOOF
| $26M | 0.02% |
532,455
+7,361
| +1% | +$331K |
|
|
WRI
722
DELISTED
Weingarten Realty Investors
WRI
| $26M | 0.02% |
743,506
+6,256
| +0.8% | +$218K |
|
723
Domino's
DPZ
$12.1B
| $25.8M | 0.02% |
274,098
+1,256
| +0.5% | +$113K |
|
|
QEP
724
DELISTED
QEP RESOURCES, INC.
QEP
| $25.7M | 0.02% |
1,272,088
+42,512
| +3% | +$991K |
|
725
Reliance Steel & Aluminium
RS
$21.5B
| $25.6M | 0.02% |
418,632
-4,476
| -1% | -$284K |
|
Similar funds
Geode Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Geode Capital Management held 4,051 positions worth $168B, up 9% from $154B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $5.23B of net new capital in Q4 2014, opening 130 new positions and adding to 2,924 existing holdings. Its largest new stake was CDK Global, Inc.: 836,934 shares worth $34.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Agilent Technologies, an estimated $35.5M trimmed.
- Geode Capital Management's largest Q4 2014 buy was CDK Global, Inc.: 836,934 shares worth $34.1M.
- Geode Capital Management added most to Kinder Morgan in Q4 2014, an estimated $304M increase.
- Geode Capital Management's biggest Q4 2014 reduction was Agilent Technologies, cutting an estimated $35.5M.
- Geode Capital Management fully exited CONCUR TECHNOLOGIES INC in Q4 2014, selling an estimated $31M.
- Geode Capital Management's ten largest holdings make up 15% of its $168B portfolio in Q4 2014.
- Geode Capital Management opened 130 new positions and closed 76 in Q4 2014.
- Geode Capital Management's portfolio value rose 9% quarter-over-quarter to $168B.
Based on Geode Capital Management's 13F filing for Q4 2014, filed 12 Feb 2015.