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 | |
|---|---|---|---|---|---|---|
951
Dana Inc
DAN
$3.06B
| $21.4M | 0.01% |
1,372,630
-21,786
| -2% | -$297K |
|
952
Acadia Pharmaceuticals
ACAD
$5.03B
| $21.4M | 0.01% |
671,683
+23,594
| +4% | +$800K |
|
953
Bankunited
BKU
$3.36B
| $21.2M | 0.01% |
702,804
+40,329
| +6% | +$1.24M |
|
954
Crane NXT
CXT
$3.07B
| $21.2M | 0.01% |
968,380
+24,799
| +3% | +$534K |
|
|
P
955
DELISTED
Pandora Media Inc
P
| $21.2M | 0.01% |
1,477,409
+73,497
| +5% | +$993K |
|
956
Urban Edge Properties
UE
$2.73B
| $21.1M | 0.01% |
751,300
+34,664
| +5% | +$1M |
|
957
NorthWestern Energy
NWE
$4.43B
| $21.1M | 0.01% |
367,341
+55,072
| +18% | +$3.28M |
|
958
Black Hills Corp
BKH
$5.68B
| $21.1M | 0.01% |
344,407
+5,217
| +2% | +$318K |
|
|
CLC
959
DELISTED
Clarcor
CLC
| $21.1M | 0.01% |
324,285
+3,061
| +1% | +$193K |
|
960
Chemed
CHE
$7.22B
| $21M | 0.01% |
149,130
+439
| +0.3% | +$61.1K |
|
961
EPAM Systems
EPAM
$5.09B
| $21M | 0.01% |
302,563
+14,275
| +5% | +$970K |
|
962
Littelfuse
LFUS
$11.6B
| $20.9M | 0.01% |
162,641
+6,056
| +4% | +$742K |
|
|
X
963
DELISTED
US Steel
X
| $20.9M | 0.01% |
1,110,466
+185,235
| +20% | +$3.82M |
|
964
Enovis
ENOV
$1.53B
| $20.9M | 0.01% |
386,338
+11,894
| +3% | +$599K |
|
965
IPG Photonics
IPGP
$3.84B
| $20.8M | 0.01% |
252,757
+5,726
| +2% | +$478K |
|
|
IBKC
966
DELISTED
IBERIABANK Corp
IBKC
| $20.8M | 0.01% |
309,806
+37,053
| +14% | +$2.41M |
|
967
Energizer
ENR
$1.55B
| $20.7M | 0.01% |
415,053
+3,490
| +0.8% | +$171K |
|
|
TUP
968
DELISTED
Tupperware Brands Corporation
TUP
| $20.7M | 0.01% |
316,782
+7,475
| +2% | +$470K |
|
969
Healthcare Services Group
HCSG
$1.53B
| $20.7M | 0.01% |
522,500
+1,326
| +0.3% | +$52K |
|
970
Arista Networks
ANET
$238B
| $20.7M | 0.01% |
3,887,840
+335,712
| +9% | +$1.6M |
|
971
Morningstar
MORN
$7.53B
| $20.6M | 0.01% |
260,245
-2,770
| -1% | -$228K |
|
972
Sprouts Farmers Market
SFM
$8.01B
| $20.5M | 0.01% |
993,360
+49,271
| +5% | +$1.09M |
|
|
ROIC
973
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $20.5M | 0.01% |
932,895
+58,973
| +7% | +$1.31M |
|
974
Hecla Mining
HL
$11.3B
| $20.4M | 0.01% |
3,584,377
+110,367
| +3% | +$675K |
|
|
ARIA
975
DELISTED
Ariad Pharmaceuticals Inc
ARIA
| $20.4M | 0.01% |
1,490,843
+169,641
| +13% | +$1.7M |
|
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.