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 |
Eversource Energy
ES
|
+$124M |
| 2 |
Equinix
EQIX
|
+$116M |
| 3 |
Qorvo
QRVO
|
+$92.4M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$61.4M |
| 5 |
AbbVie
ABBV
|
+$58.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$901M |
| 2 |
LO
LORILLARD INC COM STK
LO
|
+$182M |
| 3 |
Monster Beverage
MNST
|
+$168M |
| 4 |
PCYC
PHARMACYCLICS INC
PCYC
|
+$89.9M |
| 5 |
TEGNA Inc
TGNA
|
+$66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.43% |
| 2 | Healthcare | 15.33% |
| 3 | Technology | 14.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Starbucks
SBUX
$103B
| $656M | 0.37% |
12,259,734
+132,772
| +1% | +$6.74M |
2013 Q2
8 quarters
|
|
52
Union Pacific
UNP
$165B
| $654M | 0.37% |
6,873,090
-58,315
| -0.8% | -$6.08M |
2013 Q2
8 quarters
|
|
53
Eli Lilly
LLY
$1.05T
| $647M | 0.37% |
7,769,735
-273,949
| -3% | -$20.9M |
2013 Q2
8 quarters
|
|
54
US Bancorp
USB
$88.9B
| $621M | 0.35% |
14,341,314
+14,064
| +0.1% | +$615K |
2013 Q2
8 quarters
|
|
55
Honeywell
HON
$65.8B
| $618M | 0.35% |
6,758,974
-20,690
| -0.3% | -$1.93M |
2013 Q2
8 quarters
|
|
56
DELISTED
Walgreens Boots Alliance
WBA
| $617M | 0.35% |
7,318,008
+139,747
| +2% | +$12M |
2013 Q2
8 quarters
|
|
57
ConocoPhillips
COP
$161B
| $607M | 0.35% |
9,898,965
-10,105
| -0.1% | -$658K |
2013 Q2
8 quarters
|
|
58
Abbott
ABT
$172B
| $596M | 0.34% |
12,163,294
+12,295
| +0.1% | +$590K |
2013 Q2
8 quarters
|
|
59
Nike
NKE
$51.6B
| $589M | 0.34% |
10,919,140
-16,666
| -0.2% | -$854K |
2013 Q2
8 quarters
|
|
|
TWX
60
DELISTED
Time Warner Inc
TWX
| $569M | 0.32% |
6,521,345
-266,699
| -4% | -$22.8M |
2013 Q2
8 quarters
|
|
61
Mondelez International
MDLZ
$77.1B
| $560M | 0.32% |
13,644,997
-141,683
| -1% | -$5.56M |
2013 Q2
8 quarters
|
|
62
American Express
AXP
$208B
| $547M | 0.31% |
7,051,534
+92,265
| +1% | +$7.32M |
2013 Q2
8 quarters
|
|
63
eBay
EBAY
$49.9B
| $547M | 0.31% |
21,612,424
+303,111
| +1% | +$7.56M |
2013 Q2
8 quarters
|
|
64
Kinder Morgan
KMI
$72.3B
| $544M | 0.31% |
14,186,257
+780,809
| +6% | +$32.6M |
2013 Q2
8 quarters
|
|
65
United Parcel Service
UPS
$80.5B
| $529M | 0.3% |
5,471,910
+65,385
| +1% | +$6.5M |
2013 Q2
8 quarters
|
|
|
ESRX
66
DELISTED
Express Scripts Holding Company
ESRX
| $515M | 0.29% |
5,802,582
+120,149
| +2% | +$10.5M |
2013 Q2
8 quarters
|
|
67
Simon Property Group
SPG
$64.5B
| $504M | 0.29% |
2,920,602
-949
| -0% | -$174K |
2013 Q2
8 quarters
|
|
68
MetLife
MET
$62.5B
| $497M | 0.28% |
9,971,238
+5,843
| +0.1% | +$277K |
2013 Q2
8 quarters
|
|
69
Morgan Stanley
MS
$298B
| $492M | 0.28% |
12,718,901
+166,514
| +1% | +$6.34M |
2013 Q2
8 quarters
|
|
70
Lowe's Companies
LOW
$104B
| $487M | 0.28% |
7,287,434
-323,520
| -4% | -$23.1M |
2013 Q2
8 quarters
|
|
71
Booking.com
BKNG
$120B
| $481M | 0.27% |
10,466,375
+398,775
| +4% | +$19M |
2013 Q2
8 quarters
|
|
72
Costco
COST
$420B
| $480M | 0.27% |
3,559,578
+3,717
| +0.1% | +$534K |
2013 Q2
8 quarters
|
|
73
Occidental Petroleum
OXY
$60.1B
| $479M | 0.27% |
6,177,995
-35,335
| -0.6% | -$2.76M |
2013 Q2
8 quarters
|
|
74
Ford
F
$48.5B
| $479M | 0.27% |
31,947,540
+199,072
| +0.6% | +$3.09M |
2013 Q2
8 quarters
|
|
75
Accenture
ACN
$128B
| $476M | 0.27% |
4,928,441
+50,390
| +1% | +$4.82M |
2013 Q2
8 quarters
|
|
Similar funds
Geode Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Geode Capital Management held 4,062 positions worth $175B, up 0.12% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q2 2015 filing shows 109 new, 2,831 increased, 660 reduced and 104 closed positions. Its largest new stake was Eversource Energy: 2,548,587 shares worth $116M. The largest sale was Allergan plc, an estimated $901M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q2 2015 buy was Eversource Energy: 2,548,587 shares worth $116M.
- Geode Capital Management added most to Reynolds American Inc in Q2 2015, an estimated $61.4M increase.
- Geode Capital Management's biggest Q2 2015 reduction was Apple, cutting an estimated $41.7M.
- Geode Capital Management fully exited Allergan plc in Q2 2015, selling an estimated $901M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q2 2015.
- Geode Capital Management opened 109 new positions and closed 104 in Q2 2015.
- Geode Capital Management's portfolio value rose 0.12% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.