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 | |
|---|---|---|---|---|---|---|
|
MZTI
1026
The Marzetti Company
MZTI
$3.11B
| $19.2M | 0.01% |
145,490
-5,589
| -4% | -$729K |
|
1027
National Health Investors
NHI
$3.65B
| $19.2M | 0.01% |
244,660
+8,825
| +4% | +$694K |
|
|
PRA
1028
DELISTED
ProAssurance
PRA
| $19.1M | 0.01% |
364,573
+10,642
| +3% | +$564K |
|
|
SKX
1029
DELISTED
Skechers
SKX
| $19M | 0.01% |
831,860
+17,502
| +2% | +$446K |
|
|
PGRE
1030
DELISTED
Paramount Group
PGRE
| $19M | 0.01% |
1,161,241
+41,925
| +4% | +$720K |
|
1031
Unifirst Corp
UNF
$5.25B
| $19M | 0.01% |
144,168
+2,058
| +1% | +$253K |
|
|
RSPP
1032
DELISTED
RSP Permian, Inc.
RSPP
| $19M | 0.01% |
489,087
+10,898
| +2% | +$403K |
|
|
JCP
1033
DELISTED
J.C. Penney Company, Inc.
JCP
| $18.9M | 0.01% |
2,054,522
+108,353
| +6% | +$1.03M |
|
|
BLUE
1034
DELISTED
bluebird bio
BLUE
| $18.9M | 0.01% |
21,536
+818
| +4% | +$593K |
|
|
SGI
1035
Somnigroup International
SGI
$13.7B
| $18.9M | 0.01% |
1,329,808
-205,616
| -13% | -$3.67M |
|
1036
Texas Roadhouse
TXRH
$13.7B
| $18.8M | 0.01% |
482,802
+20,603
| +4% | +$921K |
|
|
BWLD
1037
DELISTED
Buffalo Wild Wings, Inc.
BWLD
| $18.8M | 0.01% |
133,789
+2,778
| +2% | +$432K |
|
1038
UMB Financial
UMBF
$11.1B
| $18.8M | 0.01% |
315,730
+1,643
| +0.5% | +$94.1K |
|
1039
Essent Group
ESNT
$6.33B
| $18.8M | 0.01% |
705,266
+45,571
| +7% | +$1.15M |
|
1040
Terex
TEX
$7.74B
| $18.7M | 0.01% |
736,772
+43,388
| +6% | +$1.01M |
|
1041
CNO Financial Group
CNO
$5.1B
| $18.7M | 0.01% |
1,224,417
+38,907
| +3% | +$634K |
|
1042
Genworth Financial
GNW
$3.71B
| $18.7M | 0.01% |
3,763,227
+456,774
| +14% | +$1.75M |
|
|
SPN
1043
DELISTED
Superior Energy Services, Inc.
SPN
| $18.6M | 0.01% |
103,889
+6,615
| +7% | +$1.11M |
|
1044
Texas Capital Bancshares
TCBI
$4.32B
| $18.6M | 0.01% |
338,142
+10,898
| +3% | +$549K |
|
1045
Home BancShares
HOMB
$6.18B
| $18.5M | 0.01% |
890,449
+11,461
| +1% | +$246K |
|
1046
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$148M
| – | – |
0
| – | – |
|
1047
MGIC Investment
MTG
$6.25B
| $18.4M | 0.01% |
2,306,039
+61,303
| +3% | +$456K |
|
1048
United Bankshares
UBSI
$6.62B
| $18.4M | 0.01% |
488,902
+6,874
| +1% | +$263K |
|
1049
Rollins
ROL
$18.2B
| $18.4M | 0.01% |
1,411,985
+78,162
| +6% | +$995K |
|
1050
Regal Rexnord
RRX
$11.9B
| $18.4M | 0.01% |
308,756
+19,157
| +7% | +$1.15M |
|
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.