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 | |
|---|---|---|---|---|---|---|
|
PPS
826
DELISTED
Post Properties
PPS
| $21.4M | 0.01% |
364,487
+3,295
| +0.9% | +$185K |
|
|
CXP
827
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $21.3M | 0.01% |
841,892
+30,289
| +4% | +$762K |
|
828
Maximus
MMS
$3.32B
| $21.2M | 0.01% |
386,889
+2,633
| +0.7% | +$128K |
|
|
NPSP
829
DELISTED
NPS PHARMACEUTICALS INC
NPSP
| $21.2M | 0.01% |
592,487
+10,489
| +2% | +$313K |
|
|
ISBC
830
DELISTED
Investors Bancorp, Inc.
ISBC
| $21.2M | 0.01% |
1,885,952
-4,506
| -0.2% | -$47.9K |
|
|
AHL
831
DELISTED
ASPEN Insurance Holding Limited
AHL
| $21.2M | 0.01% |
483,586
+89,065
| +23% | +$3.86M |
|
832
Lennox International
LII
$15.4B
| $21.1M | 0.01% |
222,427
-440
| -0.2% | -$39.1K |
|
|
NUAN
833
DELISTED
Nuance Communications, Inc.
NUAN
| $21.1M | 0.01% |
1,706,672
+30,224
| +2% | +$388K |
|
|
X
834
DELISTED
US Steel
X
| $21M | 0.01% |
787,074
+5
| +0% | +$167 |
|
|
WNR
835
DELISTED
Western Refining Inc
WNR
| $21M | 0.01% |
556,824
+135,646
| +32% | +$5.61M |
|
|
CBI
836
DELISTED
Chicago Bridge & Iron Nv
CBI
| $20.9M | 0.01% |
498,710
-16,075
| -3% | -$792K |
|
837
RenaissanceRe
RNR
$13.4B
| $20.9M | 0.01% |
215,292
-1,454
| -0.7% | -$145K |
|
838
Brixmor Property Group
BRX
$9.49B
| $20.9M | 0.01% |
841,404
+351,318
| +72% | +$8.39M |
|
839
The GEO Group
GEO
$4.2B
| $20.9M | 0.01% |
775,476
+70,491
| +10% | +$1.84M |
|
840
Oshkosh
OSK
$9.43B
| $20.8M | 0.01% |
428,305
-10,254
| -2% | -$466K |
|
841
Brown & Brown
BRO
$23.7B
| $20.8M | 0.01% |
1,261,512
+5,218
| +0.4% | +$83.8K |
|
|
FCE.A
842
DELISTED
Forest City Realty Trust, Inc.
FCE.A
| $20.7M | 0.01% |
973,803
+25,094
| +3% | +$522K |
|
|
CYN
843
DELISTED
CITY NATIONAL CORPORATION
CYN
| $20.7M | 0.01% |
256,278
+1,271
| +0.5% | +$98.1K |
|
844
WEX
WEX
$6.42B
| $20.7M | 0.01% |
209,240
+1,198
| +0.6% | +$128K |
|
|
PAY
845
DELISTED
Verifone Systems Inc
PAY
| $20.7M | 0.01% |
556,170
+12,291
| +2% | +$433K |
|
846
Hexcel
HXL
$7.89B
| $20.7M | 0.01% |
498,167
+15,531
| +3% | +$640K |
|
|
VR
847
DELISTED
Validus Hold Ltd
VR
| $20.6M | 0.01% |
496,587
+9,016
| +2% | +$364K |
|
848
Encompass Health
EHC
$11B
| $20.6M | 0.01% |
673,372
+38,288
| +6% | +$1.19M |
|
849
Owens Corning
OC
$12.3B
| $20.6M | 0.01% |
575,298
+3,324
| +0.6% | +$110K |
|
850
Lamar Advertising Co
LAMR
$16.1B
| $20.6M | 0.01% |
383,596
+7,684
| +2% | +$397K |
|
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.