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 |
AGN
Allergan plc
AGN
|
+$963M |
| 2 |
The Kraft Heinz Company
KHC
|
+$367M |
| 3 |
PayPal
PYPL
|
+$328M |
| 4 |
AT&T
T
|
+$279M |
| 5 |
Monster Beverage
MNST
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$394M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$366M |
| 3 |
eBay
EBAY
|
+$327M |
| 4 |
Comcast
CMCSA
|
+$172M |
| 5 |
Baxter International
BAX
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.51% |
| 2 | Healthcare | 15.14% |
| 3 | Technology | 14.58% |
| 4 | Industrials | 10.27% |
| 5 | Consumer Discretionary | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
Texas Instruments
TXN
$255B
| $415M | 0.25% |
8,402,319
-46,075
| -0.5% | -$2.25M |
2013 Q2
9 quarters
|
|
77
DuPont de Nemours
DD
$17.8B
| $411M | 0.25% |
3,830,509
+259,976
| +7% | +$30.1M |
2013 Q2
9 quarters
|
|
78
Occidental Petroleum
OXY
$60.6B
| $408M | 0.25% |
6,195,275
+17,280
| +0.3% | +$1.21M |
2013 Q2
9 quarters
|
|
79
Danaher
DHR
$163B
| $406M | 0.25% |
7,095,832
-67,991
| -0.9% | -$4.02M |
2013 Q2
9 quarters
|
|
80
Duke Energy
DUK
$92.7B
| $404M | 0.24% |
5,622,810
+80,100
| +1% | +$5.8M |
2013 Q2
9 quarters
|
|
81
Morgan Stanley
MS
$286B
| $402M | 0.24% |
12,793,268
+74,367
| +0.6% | +$2.71M |
2013 Q2
9 quarters
|
|
82
Kinder Morgan
KMI
$73.1B
| $401M | 0.24% |
14,501,414
+315,157
| +2% | +$10.4M |
2013 Q2
9 quarters
|
|
|
TWC
83
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $385M | 0.23% |
2,149,219
+9,075
| +0.4% | +$1.7M |
2013 Q2
9 quarters
|
|
84
HP
HPQ
$27.8B
| $382M | 0.23% |
32,934,081
-160,598
| -0.5% | -$2.09M |
2013 Q2
9 quarters
|
|
85
DELISTED
EMC CORPORATION
EMC
| $376M | 0.23% |
15,574,590
-11,567
| -0.1% | -$292K |
2013 Q2
9 quarters
|
|
86
Thermo Fisher Scientific
TMO
$258B
| $375M | 0.23% |
3,069,142
+26,537
| +0.9% | +$3.46M |
2013 Q2
9 quarters
|
|
87
TJX Companies
TJX
$159B
| $366M | 0.22% |
10,273,446
+20,226
| +0.2% | +$709K |
2013 Q2
9 quarters
|
|
88
PNC Financial Services
PNC
$85.7B
| $357M | 0.22% |
4,014,200
+7,811
| +0.2% | +$735K |
2013 Q2
9 quarters
|
|
89
General Motors
GM
$73.4B
| $351M | 0.21% |
11,716,050
+757,170
| +7% | +$23.2M |
2013 Q2
9 quarters
|
|
90
NextEra Energy
NEE
$165B
| $349M | 0.21% |
14,336,736
+541,860
| +4% | +$13.8M |
2013 Q2
9 quarters
|
|
91
General Dynamics
GD
$91.2B
| $348M | 0.21% |
2,527,694
-49,103
| -2% | -$7.1M |
2013 Q2
9 quarters
|
|
92
Bank of New York Mellon
BNY
$96.4B
| $347M | 0.21% |
8,881,438
-32,483
| -0.4% | -$1.35M |
2013 Q2
9 quarters
|
|
|
93
DELISTED
Du Pont De Nemours E I
DD
| $346M | 0.21% |
7,201,522
-321,004
| -4% | -$17.1M |
2013 Q2
9 quarters
|
|
94
Netflix
NFLX
$302B
| $344M | 0.21% |
33,383,100
+377,120
| +1% | +$4.05M |
2013 Q2
9 quarters
|
|
|
95
The Kraft Heinz Company
KHC
$27.6B
| $343M | 0.21% |
+4,866,271
| New | +$367M |
2015 Q3
0 quarters
|
|
96
McKesson
MCK
$116B
| $340M | 0.21% |
1,841,755
+76,202
| +4% | +$16.2M |
2013 Q2
9 quarters
|
|
97
Southern Company
SO
$103B
| $335M | 0.2% |
7,510,677
+42,639
| +0.6% | +$1.87M |
2013 Q2
9 quarters
|
|
98
Dominion Energy
D
$55.3B
| $330M | 0.2% |
4,691,699
+56,374
| +1% | +$3.96M |
2013 Q2
9 quarters
|
|
99
Capital One
COF
$122B
| $328M | 0.2% |
4,529,931
-23,646
| -0.5% | -$1.9M |
2013 Q2
9 quarters
|
|
100
Salesforce
CRM
$203B
| $323M | 0.2% |
4,662,764
+104,611
| +2% | +$7.42M |
2013 Q2
9 quarters
|
|
Similar funds
Geode Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Geode Capital Management held 4,216 positions worth $165B, down 5.9% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q3 2015 filing shows 234 new, 2,897 increased, 624 reduced and 88 closed positions. Its largest new stake was Allergan plc: 3,134,775 shares worth $850M. The largest sale was KRAFT FOODS GROUP INC COM STK (VA), an estimated $394M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q3 2015 buy was Allergan plc: 3,134,775 shares worth $850M.
- Geode Capital Management added most to AT&T in Q3 2015, an estimated $279M increase.
- Geode Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $327M.
- Geode Capital Management fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $394M.
- Geode Capital Management's ten largest holdings make up 15% of its $165B portfolio in Q3 2015.
- Geode Capital Management opened 234 new positions and closed 88 in Q3 2015.
- Geode Capital Management's portfolio value fell 5.9% quarter-over-quarter to $165B.
Based on Geode Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.