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 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 | 15.39% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 14.37% |
| 4 | Industrials | 10.28% |
| 5 | Consumer Discretionary | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
The Kraft Heinz Company
KHC
$26.4B
| $495M | 0.25% |
5,543,510
+380,387
| +7% | +$33.7M |
2015 Q3
4 quarters
|
|
77
Lockheed Martin
LMT
$118B
| $494M | 0.25% |
2,064,419
-10,480
| -0.5% | -$2.62M |
2013 Q2
13 quarters
|
|
78
Charter Communications
CHTR
$11.8B
| $493M | 0.25% |
1,829,829
+445,580
| +32% | +$113M |
2013 Q2
13 quarters
|
|
79
Chubb
CB
$132B
| $487M | 0.25% |
3,879,494
+170,357
| +5% | +$21.6M |
2013 Q2
13 quarters
|
|
80
DELISTED
Du Pont De Nemours E I
DD
| $477M | 0.24% |
7,131,235
+195,393
| +3% | +$13.3M |
2013 Q2
13 quarters
|
|
81
Occidental Petroleum
OXY
$60.1B
| $473M | 0.24% |
6,502,393
+262,573
| +4% | +$19.7M |
2013 Q2
13 quarters
|
|
82
ConocoPhillips
COP
$161B
| $462M | 0.23% |
10,653,025
+422,453
| +4% | +$17.6M |
2013 Q2
13 quarters
|
|
83
Adobe
ADBE
$94.3B
| $458M | 0.23% |
4,223,426
+89,612
| +2% | +$8.99M |
2013 Q2
13 quarters
|
|
84
TJX Companies
TJX
$153B
| $448M | 0.23% |
12,012,938
+566,156
| +5% | +$22.2M |
2013 Q2
13 quarters
|
|
85
American Express
AXP
$208B
| $442M | 0.22% |
6,910,780
+40,582
| +0.6% | +$2.61M |
2013 Q2
13 quarters
|
|
86
EOG Resources
EOG
$77.7B
| $440M | 0.22% |
4,557,237
+244,303
| +6% | +$21.4M |
2013 Q2
13 quarters
|
|
87
Southern Company
SO
$99.1B
| $438M | 0.22% |
8,548,204
+629,485
| +8% | +$33.2M |
2013 Q2
13 quarters
|
|
88
Caterpillar
CAT
$368B
| $437M | 0.22% |
4,926,146
+206,955
| +4% | +$16.9M |
2013 Q2
13 quarters
|
|
89
Ford
F
$48.5B
| $422M | 0.21% |
35,039,200
+1,467,233
| +4% | +$18.5M |
2013 Q2
13 quarters
|
|
90
Morgan Stanley
MS
$298B
| $421M | 0.21% |
13,159,089
+177,126
| +1% | +$5.28M |
2013 Q2
13 quarters
|
|
|
MON
91
DELISTED
Monsanto Co
MON
| $416M | 0.21% |
4,079,640
+235,196
| +6% | +$24.7M |
2013 Q2
13 quarters
|
|
92
General Dynamics
GD
$89.6B
| $415M | 0.21% |
2,680,319
+123,674
| +5% | +$18.4M |
2013 Q2
13 quarters
|
|
93
MetLife
MET
$62.5B
| $409M | 0.21% |
10,339,653
+374,071
| +4% | +$14.1M |
2013 Q2
13 quarters
|
|
|
94
Danaher
DHR
$155B
| $400M | 0.2% |
5,768,758
-1,454,314
| -20% | -$103M |
2013 Q2
13 quarters
|
|
95
General Motors
GM
$72.6B
| $400M | 0.2% |
12,598,297
+786,691
| +7% | +$24.6M |
2013 Q2
13 quarters
|
|
|
ESRX
96
DELISTED
Express Scripts Holding Company
ESRX
| $394M | 0.2% |
5,593,727
+125,708
| +2% | +$9.4M |
2013 Q2
13 quarters
|
|
97
PayPal
PYPL
$47.5B
| $393M | 0.2% |
9,614,511
+420,753
| +5% | +$16.2M |
2015 Q3
4 quarters
|
|
98
Dominion Energy
D
$54.2B
| $387M | 0.19% |
5,215,972
+291,365
| +6% | +$22.2M |
2013 Q2
13 quarters
|
|
99
Automatic Data Processing
ADP
$107B
| $384M | 0.19% |
4,364,820
+216,894
| +5% | +$19.7M |
2013 Q2
13 quarters
|
|
100
American Tower
AMT
$84.9B
| $382M | 0.19% |
3,372,713
+104,319
| +3% | +$11.9M |
2013 Q2
13 quarters
|
|
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 $6.98B of net new capital in Q3 2016, opening 137 new positions and adding to 3,050 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 Healthcare and Financials.
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.