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 |
DuPont de Nemours
DD
|
+$744M |
| 2 |
Baker Hughes
BKR
|
+$156M |
| 3 |
Walt Disney
DIS
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$124M |
| 5 |
Apple
AAPL
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$658M |
| 2 |
RAI
Reynolds American Inc
RAI
|
+$502M |
| 3 |
BHI
Baker Hughes
BHI
|
+$236M |
| 4 |
WFM
Whole Foods Market Inc
WFM
|
+$155M |
| 5 |
SPLS
Staples Inc
SPLS
|
+$73.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.32% |
| 2 | Financials | 16.15% |
| 3 | Healthcare | 13.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
701
Range Resources
RRC
$9.38B
| $47.5M | 0.02% |
2,430,462
+328,455
| +16% | +$6.35M |
|
|
AZPN
702
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $47.3M | 0.02% |
753,646
-40,545
| -5% | -$2.55M |
|
|
SNV
703
DELISTED
Synovus
SNV
| $47.3M | 0.02% |
1,026,452
+74,188
| +8% | +$3.22M |
|
704
Encompass Health
EHC
$11B
| $47M | 0.02% |
1,275,694
+181,175
| +17% | +$6.46M |
|
705
Guidewire Software
GWRE
$12.6B
| $47M | 0.02% |
603,537
+21,571
| +4% | +$1.58M |
|
|
DISCK
706
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $47M | 0.02% |
2,322,429
-291,505
| -11% | -$6.54M |
|
707
Lincoln Electric
LECO
$14.2B
| $46.9M | 0.02% |
511,577
+13,848
| +3% | +$1.24M |
|
708
Olin
OLN
$2.11B
| $46.8M | 0.02% |
1,367,536
+50,230
| +4% | +$1.57M |
|
709
Tyler Technologies
TYL
$12.7B
| $46.7M | 0.02% |
267,949
+10,563
| +4% | +$1.82M |
|
|
SGEN
710
DELISTED
Seagen Inc. Common Stock
SGEN
| $46.6M | 0.02% |
856,507
+25,701
| +3% | +$1.32M |
|
711
Teledyne Technologies
TDY
$30.4B
| $46.6M | 0.02% |
292,534
+13,793
| +5% | +$2M |
|
712
Jones Lang LaSalle
JLL
$16.3B
| $46.4M | 0.02% |
376,100
+10,171
| +3% | +$1.26M |
|
713
Brown & Brown
BRO
$23.6B
| $46.4M | 0.02% |
1,926,582
+111,982
| +6% | +$2.51M |
|
714
LPL Financial
LPLA
$28.3B
| $46.4M | 0.02% |
899,593
+233,496
| +35% | +$10.7M |
|
715
Universal Display
OLED
$3.68B
| $46.4M | 0.02% |
359,988
+1,332
| +0.4% | +$161K |
|
716
Booz Allen Hamilton
BAH
$8.39B
| $46.3M | 0.02% |
1,239,449
-67,584
| -5% | -$2.32M |
|
|
ARRS
717
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $46.3M | 0.02% |
1,624,142
+5,099
| +0.3% | +$141K |
|
718
Wintrust Financial
WTFC
$10.8B
| $46.2M | 0.02% |
590,248
+2,405
| +0.4% | +$179K |
|
|
UMPQ
719
DELISTED
Umpqua Holdings Corp
UMPQ
| $46.2M | 0.02% |
2,368,473
+49,720
| +2% | +$906K |
|
720
Commerce Bancshares
CBSH
$8.53B
| $46.1M | 0.02% |
1,239,294
+35,195
| +3% | +$1.28M |
|
|
VVC
721
DELISTED
Vectren Corporation
VVC
| $46.1M | 0.02% |
701,029
+26,373
| +4% | +$1.65M |
|
722
Huntsman Corp
HUN
$1.71B
| $46M | 0.02% |
1,678,635
+72,500
| +5% | +$1.93M |
|
723
Neurocrine Biosciences
NBIX
$16.8B
| $46M | 0.02% |
750,488
+34,097
| +5% | +$1.8M |
|
724
Old Republic International
ORI
$10.5B
| $46M | 0.02% |
2,334,371
+76,750
| +3% | +$1.49M |
|
725
NetEase
NTES
$85.3B
| $45.9M | 0.02% |
873,180
-20,455
| -2% | -$1.17M |
|
Similar funds
Geode Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Geode Capital Management held 4,158 positions worth $271B, up 6.5% from $254B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 4.7%. Geode Capital Management opened 87 new positions and exited 109, leaving the 4,158-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2017 buy was Baker Hughes: 4,388,225 shares worth $160M.
- Geode Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $744M increase.
- Geode Capital Management's biggest Q3 2017 reduction was Hewlett Packard, cutting an estimated $61.7M.
- Geode Capital Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $658M.
- Geode Capital Management's ten largest holdings make up 16% of its $271B portfolio in Q3 2017.
- Geode Capital Management opened 87 new positions and closed 109 in Q3 2017.
- Geode Capital Management's portfolio value rose 6.5% quarter-over-quarter to $271B.
Based on Geode Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.