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 | |
|---|---|---|---|---|---|---|
876
World Kinect Corp
WKC
$1.86B
| $24.2M | 0.01% |
522,272
+47,319
| +10% | +$2.18M |
|
|
MPT
877
Medical Properties Trust
MPT
$2.81B
| $24.1M | 0.01% |
1,634,619
+71,439
| +5% | +$1.08M |
|
878
Genpact
G
$5.81B
| $24.1M | 0.01% |
1,007,719
+41,876
| +4% | +$1.04M |
|
|
GRUB
879
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $24.1M | 0.01% |
280,432
+16,378
| +6% | +$1.23M |
|
|
HRC
880
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $24.1M | 0.01% |
388,381
+12,473
| +3% | +$702K |
|
881
Fulton Financial
FULT
$4.64B
| $24.1M | 0.01% |
1,657,636
+62,216
| +4% | +$873K |
|
882
Spectrum Brands
SPB
$2.07B
| $24M | 0.01% |
174,281
+7,480
| +4% | +$952K |
|
883
Eagle Materials
EXP
$6.57B
| $23.9M | 0.01% |
309,232
+3,280
| +1% | +$263K |
|
884
SLM Corp
SLM
$5.15B
| $23.8M | 0.01% |
3,192,295
+308,704
| +11% | +$2.22M |
|
885
Nu Skin
NUS
$267M
| $23.8M | 0.01% |
368,022
+5,923
| +2% | +$333K |
|
886
Acadia Realty Trust
AKR
$2.84B
| $23.8M | 0.01% |
657,739
+83,375
| +15% | +$3.05M |
|
887
Sensient Technologies
SXT
$5.53B
| $23.8M | 0.01% |
313,871
+8,605
| +3% | +$631K |
|
|
NUAN
888
DELISTED
Nuance Communications, Inc.
NUAN
| $23.8M | 0.01% |
1,895,660
+92,280
| +5% | +$1.21M |
|
889
AGCO
AGCO
$7.2B
| $23.8M | 0.01% |
482,221
+22,008
| +5% | +$1.06M |
|
|
EQY
890
DELISTED
Equity One
EQY
| $23.8M | 0.01% |
776,542
+66,337
| +9% | +$2.09M |
|
891
Bio-Rad Laboratories Class A
BIO
$9.42B
| $23.7M | 0.01% |
144,718
+9,292
| +7% | +$1.41M |
|
|
RICE
892
DELISTED
Rice Energy Inc.
RICE
| $23.6M | 0.01% |
902,715
+144,418
| +19% | +$3.58M |
|
|
HA
893
DELISTED
Hawaiian Holdings, Inc.
HA
| $23.5M | 0.01% |
483,923
+18,464
| +4% | +$838K |
|
|
COR
894
DELISTED
Coresite Realty Corporation
COR
| $23.5M | 0.01% |
317,486
+19,588
| +7% | +$1.59M |
|
895
Oceaneering
OII
$4.77B
| $23.5M | 0.01% |
854,114
+56,573
| +7% | +$1.57M |
|
896
Southwest Gas
SWX
$6.67B
| $23.4M | 0.01% |
335,617
+5,198
| +2% | +$383K |
|
897
Watsco Inc
WSO
$13.6B
| $23.4M | 0.01% |
166,323
+5,744
| +4% | +$823K |
|
898
Patterson-UTI
PTEN
$3.76B
| $23.4M | 0.01% |
1,044,073
+45,177
| +5% | +$907K |
|
|
ELLI
899
DELISTED
Ellie Mae Inc
ELLI
| $23.3M | 0.01% |
221,385
+22,325
| +11% | +$2.16M |
|
900
Blackbaud
BLKB
$2.08B
| $23.3M | 0.01% |
351,074
+11,139
| +3% | +$753K |
|
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.