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 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 | 15.39% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 14.37% |
| 4 | Industrials | 10.28% |
| 5 | Consumer Discretionary | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Boeing
BA
$150B
| $717M | 0.36% |
5,447,338
+71,089
| +1% | +$9.36M |
2013 Q2
13 quarters
|
|
52
Eli Lilly
LLY
$1.05T
| $701M | 0.35% |
8,742,422
+384,508
| +5% | +$30.8M |
2013 Q2
13 quarters
|
|
|
CELG
53
DELISTED
Celgene Corp
CELG
| $693M | 0.35% |
6,636,341
+196,600
| +3% | +$21.3M |
2013 Q2
13 quarters
|
|
54
Booking.com
BKNG
$120B
| $683M | 0.34% |
11,618,700
+517,150
| +5% | +$28.8M |
2013 Q2
13 quarters
|
|
55
RTX Corp
RTX
$251B
| $674M | 0.34% |
10,564,775
+440,624
| +4% | +$29.2M |
2013 Q2
13 quarters
|
|
56
Texas Instruments
TXN
$259B
| $673M | 0.34% |
9,603,440
+503,363
| +6% | +$34.3M |
2013 Q2
13 quarters
|
|
57
Biogen
BIIB
$33.3B
| $664M | 0.33% |
2,123,915
+101,816
| +5% | +$30.2M |
2013 Q2
13 quarters
|
|
58
Nike
NKE
$51.6B
| $643M | 0.32% |
12,229,478
+708,446
| +6% | +$40M |
2013 Q2
13 quarters
|
|
59
Simon Property Group
SPG
$64.5B
| $641M | 0.32% |
3,099,661
+229,154
| +8% | +$49.7M |
2013 Q2
13 quarters
|
|
60
DELISTED
Walgreens Boots Alliance
WBA
| $634M | 0.32% |
7,880,793
+211,170
| +3% | +$17.2M |
2013 Q2
13 quarters
|
|
61
United Parcel Service
UPS
$80.5B
| $626M | 0.32% |
5,734,958
+172,904
| +3% | +$18.9M |
2013 Q2
13 quarters
|
|
62
Costco
COST
$420B
| $624M | 0.31% |
4,095,615
+181,425
| +5% | +$29.3M |
2013 Q2
13 quarters
|
|
63
Mondelez International
MDLZ
$77.1B
| $607M | 0.31% |
13,849,114
+571,380
| +4% | +$25.1M |
2013 Q2
13 quarters
|
|
64
US Bancorp
USB
$88.9B
| $590M | 0.3% |
13,782,131
+465,717
| +3% | +$19.8M |
2013 Q2
13 quarters
|
|
65
Colgate-Palmolive
CL
$70.4B
| $576M | 0.29% |
7,786,431
+459,676
| +6% | +$34M |
2013 Q2
13 quarters
|
|
66
Broadcom
AVGO
$1.73T
| $569M | 0.29% |
33,063,960
+2,810,870
| +9% | +$47M |
2013 Q2
13 quarters
|
|
67
Lowe's Companies
LOW
$104B
| $566M | 0.28% |
7,847,949
+192,183
| +3% | +$14.9M |
2013 Q2
13 quarters
|
|
68
Goldman Sachs
GS
$261B
| $542M | 0.27% |
3,365,858
+100,230
| +3% | +$16.3M |
2013 Q2
13 quarters
|
|
69
Abbott
ABT
$172B
| $541M | 0.27% |
12,824,174
+150,716
| +1% | +$6.46M |
2013 Q2
13 quarters
|
|
|
TWX
70
DELISTED
Time Warner Inc
TWX
| $523M | 0.26% |
6,586,303
+202,455
| +3% | +$15.8M |
2013 Q2
13 quarters
|
|
71
DuPont de Nemours
DD
$17.6B
| $519M | 0.26% |
3,961,842
+177,253
| +5% | +$23.6M |
2013 Q2
13 quarters
|
|
72
American International
AIG
$40.3B
| $516M | 0.26% |
8,714,529
-386,363
| -4% | -$22.1M |
2013 Q2
13 quarters
|
|
73
Thermo Fisher Scientific
TMO
$243B
| $507M | 0.26% |
3,195,789
+140,777
| +5% | +$21.7M |
2013 Q2
13 quarters
|
|
74
Duke Energy
DUK
$91B
| $502M | 0.25% |
6,277,808
+275,524
| +5% | +$22.8M |
2013 Q2
13 quarters
|
|
75
NextEra Energy
NEE
$161B
| $498M | 0.25% |
16,308,180
+854,624
| +6% | +$26.9M |
2013 Q2
13 quarters
|
|
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 $6.98B of net new capital in Q3 2016, opening 137 new positions and adding to 3,050 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 Healthcare and Financials.
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.