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 |
SNDK
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 | |
|---|---|---|---|---|---|---|---|
51
RTX Corp
RTX
$251B
| $652M | 0.35% |
10,124,151
-417,987
| -4% | -$26.7M |
2013 Q2
12 quarters
|
|
52
Union Pacific
UNP
$165B
| $641M | 0.35% |
7,353,842
+157,862
| +2% | +$13.3M |
2013 Q2
12 quarters
|
|
|
WBA
53
DELISTED
Walgreens Boots Alliance
WBA
| $638M | 0.35% |
7,669,623
+66,961
| +0.9% | +$5.4M |
2013 Q2
12 quarters
|
|
54
Accenture
ACN
$128B
| $635M | 0.35% |
5,617,640
+92,982
| +2% | +$10.8M |
2013 Q2
12 quarters
|
|
55
Nike
NKE
$51.6B
| $635M | 0.35% |
11,521,032
-72,689
| -0.6% | -$4.14M |
2013 Q2
12 quarters
|
|
|
CELG
56
DELISTED
Celgene Corp
CELG
| $634M | 0.34% |
6,439,741
-491,977
| -7% | -$50.9M |
2013 Q2
12 quarters
|
|
57
Simon Property Group
SPG
$64.5B
| $622M | 0.34% |
2,870,507
-120,953
| -4% | -$24.7M |
2013 Q2
12 quarters
|
|
58
Costco
COST
$420B
| $614M | 0.33% |
3,914,190
+31,649
| +0.8% | +$4.79M |
2013 Q2
12 quarters
|
|
59
Lowe's Companies
LOW
$104B
| $605M | 0.33% |
7,655,766
-194,451
| -2% | -$15M |
2013 Q2
12 quarters
|
|
60
Mondelez International
MDLZ
$77.1B
| $603M | 0.33% |
13,277,734
-376,663
| -3% | -$16.4M |
2013 Q2
12 quarters
|
|
61
United Parcel Service
UPS
$80.5B
| $598M | 0.33% |
5,562,054
-44,373
| -0.8% | -$4.62M |
2013 Q2
12 quarters
|
|
62
Texas Instruments
TXN
$259B
| $569M | 0.31% |
9,100,077
+123,851
| +1% | +$7.36M |
2013 Q2
12 quarters
|
|
63
Booking.com
BKNG
$120B
| $553M | 0.3% |
11,101,550
+119,075
| +1% | +$6.18M |
2013 Q2
12 quarters
|
|
64
US Bancorp
USB
$88.9B
| $536M | 0.29% |
13,316,414
-277,968
| -2% | -$11.6M |
2013 Q2
12 quarters
|
|
65
Colgate-Palmolive
CL
$70.4B
| $535M | 0.29% |
7,326,755
+91,122
| +1% | +$6.49M |
2013 Q2
12 quarters
|
|
66
Duke Energy
DUK
$91B
| $514M | 0.28% |
6,002,284
+132,600
| +2% | +$10.6M |
2013 Q2
12 quarters
|
|
67
Lockheed Martin
LMT
$118B
| $514M | 0.28% |
2,074,899
-201,562
| -9% | -$47.5M |
2013 Q2
12 quarters
|
|
68
NextEra Energy
NEE
$161B
| $503M | 0.27% |
15,453,556
+195,800
| +1% | +$5.88M |
2013 Q2
12 quarters
|
|
69
Abbott
ABT
$172B
| $497M | 0.27% |
12,673,458
+268,429
| +2% | +$10.7M |
2013 Q2
12 quarters
|
|
70
Danaher
DHR
$155B
| $489M | 0.27% |
7,223,072
-28,364
| -0.4% | -$1.86M |
2013 Q2
12 quarters
|
|
71
Biogen
BIIB
$33.3B
| $488M | 0.27% |
2,022,099
+27,097
| +1% | +$7.14M |
2013 Q2
12 quarters
|
|
72
Goldman Sachs
GS
$261B
| $484M | 0.26% |
3,265,628
-121,725
| -4% | -$19M |
2013 Q2
12 quarters
|
|
73
Chubb
CB
$132B
| $484M | 0.26% |
3,709,137
-522
| -0% | -$64.3K |
2013 Q2
12 quarters
|
|
74
American International
AIG
$40.3B
| $480M | 0.26% |
9,100,892
-370,625
| -4% | -$20.5M |
2013 Q2
12 quarters
|
|
75
DuPont de Nemours
DD
$17.6B
| $476M | 0.26% |
3,784,589
-1,679
| -0% | -$221K |
2013 Q2
12 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.