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 | |
|---|---|---|---|---|---|---|
|
CXP
901
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $23.2M | 0.01% |
1,037,967
+74,660
| +8% | +$1.74M |
|
902
Trip.com Group
TCOM
$29.1B
| $23.2M | 0.01% |
500,672
+63,480
| +15% | +$2.83M |
|
903
Olin
OLN
$2.12B
| $23.1M | 0.01% |
1,128,043
+24,459
| +2% | +$526K |
|
|
TWO
904
Two Harbors Investment
TWO
$1.27B
| $23.1M | 0.01% |
339,176
+28,226
| +9% | +$1.99M |
|
905
Exelixis
EXEL
$13.4B
| $23.1M | 0.01% |
1,804,813
+72,034
| +4% | +$779K |
|
906
MSC Industrial Direct
MSM
$6.86B
| $23.1M | 0.01% |
314,428
-10,485
| -3% | -$762K |
|
|
SAVE
907
DELISTED
Spirit Airlines, Inc.
SAVE
| $23M | 0.01% |
541,408
+18,547
| +4% | +$769K |
|
908
Nabors Industries
NBR
$1.21B
| $23M | 0.01% |
37,848
+1,150
| +3% | +$567K |
|
|
COHR
909
DELISTED
Coherent Inc
COHR
| $23M | 0.01% |
208,114
-8,076
| -4% | -$837K |
|
|
CONE
910
DELISTED
CyrusOne Inc Common Stock
CONE
| $23M | 0.01% |
483,023
-3,975
| -0.8% | -$206K |
|
|
MDSO
911
DELISTED
Medidata Solutions, Inc.
MDSO
| $23M | 0.01% |
411,942
+18,196
| +5% | +$964K |
|
|
LSXMA
912
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $23M | 0.01% |
935,205
-26,193
| -3% | -$636K |
|
|
IDTI
913
DELISTED
Integrated Device Technology I
IDTI
| $22.9M | 0.01% |
992,954
+18,350
| +2% | +$379K |
|
|
PFPT
914
DELISTED
Proofpoint, Inc.
PFPT
| $22.9M | 0.01% |
305,805
+12,174
| +4% | +$899K |
|
|
BDN
915
Brandywine Realty Trust
BDN
$554M
| $22.9M | 0.01% |
1,464,156
+167,342
| +13% | +$2.73M |
|
|
CLGX
916
DELISTED
Corelogic, Inc.
CLGX
| $22.7M | 0.01% |
579,523
+16,332
| +3% | +$651K |
|
917
Jack in the Box
JACK
$335M
| $22.7M | 0.01% |
236,112
+7,368
| +3% | +$699K |
|
918
Dolby
DLB
$5.79B
| $22.6M | 0.01% |
415,385
+40,772
| +11% | +$2.04M |
|
919
Cracker Barrel
CBRL
$1.29B
| $22.4M | 0.01% |
169,769
+6,030
| +4% | +$926K |
|
920
First Horizon
FHN
$12.1B
| $22.4M | 0.01% |
1,472,114
+22,641
| +2% | +$335K |
|
921
InterDigital
IDCC
$8.89B
| $22.4M | 0.01% |
282,960
+35,638
| +14% | +$2.38M |
|
922
SM Energy
SM
$6.92B
| $22.4M | 0.01% |
579,796
+141,734
| +32% | +$4.54M |
|
923
Bank of Hawaii
BOH
$3.13B
| $22.4M | 0.01% |
307,949
+16,973
| +6% | +$1.19M |
|
924
Kirby Corp
KEX
$6.93B
| $22.4M | 0.01% |
359,689
+20,032
| +6% | +$1.15M |
|
925
B&G Foods
BGS
$286M
| $22.3M | 0.01% |
454,055
+41,029
| +10% | +$1.97M |
|
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.