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
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 | 15.06% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 14.12% |
| 4 | Industrials | 10.19% |
| 5 | Consumer Discretionary | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
826
First Industrial Realty Trust
FR
$8.44B
| $26.3M | 0.01% |
932,344
+49,955
| +6% | +$1.42M |
|
827
Fair Isaac
FICO
$22.5B
| $26.3M | 0.01% |
211,148
+3,757
| +2% | +$469K |
|
828
Westlake Corp
WLK
$9.9B
| $26.2M | 0.01% |
490,339
-96,990
| -17% | -$4.68M |
|
829
NewMarket
NEU
$8.18B
| $26.2M | 0.01% |
61,054
+295
| +0.5% | +$126K |
|
830
Emcor
EME
$36B
| $26.2M | 0.01% |
438,951
+16,641
| +4% | +$920K |
|
831
Cullen/Frost Bankers
CFR
$10.2B
| $26M | 0.01% |
362,040
+14,344
| +4% | +$993K |
|
|
TSRO
832
DELISTED
TESARO, Inc.
TSRO
| $26M | 0.01% |
259,607
+22,563
| +10% | +$2.11M |
|
833
Cinemark Holdings
CNK
$4.32B
| $26M | 0.01% |
678,991
+24,062
| +4% | +$911K |
|
834
Check Point Software Technologies
CHKP
$13.1B
| $25.9M | 0.01% |
334,141
+13,851
| +4% | +$1.07M |
|
|
HOUS
835
DELISTED
Anywhere Real Estate
HOUS
| $25.9M | 0.01% |
1,002,160
+69,339
| +7% | +$1.92M |
|
|
GPOR
836
DELISTED
Gulfport Energy Corp.
GPOR
| $25.9M | 0.01% |
915,705
+40,803
| +5% | +$1.16M |
|
837
CNX Resources
CNX
$5.2B
| $25.7M | 0.01% |
1,606,745
-151,908
| -9% | -$2.24M |
|
838
Wintrust Financial
WTFC
$10.7B
| $25.7M | 0.01% |
462,127
+14,651
| +3% | +$788K |
|
839
Western Alliance Bancorporation
WAL
$8.87B
| $25.6M | 0.01% |
681,804
+75,725
| +12% | +$2.69M |
|
840
BWX Technologies
BWXT
$15.6B
| $25.6M | 0.01% |
666,762
+18,109
| +3% | +$684K |
|
|
TCF
841
DELISTED
TCF Financial Corporation Common Stock
TCF
| $25.6M | 0.01% |
579,357
+225,983
| +64% | +$9.63M |
|
842
NCR Voyix
VYX
$1.14B
| $25.6M | 0.01% |
1,294,616
+39,795
| +3% | +$783K |
|
|
MASI
843
DELISTED
Masimo
MASI
| $25.5M | 0.01% |
429,004
+3,877
| +0.9% | +$219K |
|
844
Coty
COTY
$2.48B
| $25.5M | 0.01% |
1,086,408
+652,952
| +151% | +$17.2M |
|
845
Zebra Technologies
ZBRA
$17.8B
| $25.5M | 0.01% |
366,417
+24,076
| +7% | +$1.48M |
|
846
Booz Allen Hamilton
BAH
$9.15B
| $25.4M | 0.01% |
804,782
+26,064
| +3% | +$795K |
|
|
PSB
847
DELISTED
PS Business Parks, Inc.
PSB
| $25.3M | 0.01% |
222,787
+5,181
| +2% | +$572K |
|
848
Pool Corp
POOL
$7.5B
| $25.3M | 0.01% |
267,647
-251
| -0.1% | -$24.6K |
|
849
Veeva Systems
VEEV
$37.4B
| $25.3M | 0.01% |
612,091
+15,015
| +3% | +$582K |
|
|
AWH
850
DELISTED
Allied World Assurance Co Hld Lt
AWH
| $25.3M | 0.01% |
624,836
+38,309
| +7% | +$1.51M |
|
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 $6.96B of net new capital in Q3 2016, opening 137 new positions and adding to 3,049 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 Financials and Healthcare.
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.