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 | |
|---|---|---|---|---|---|---|
|
BECN
1051
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $18.4M | 0.01% |
436,459
+22,184
| +5% | +$1.01M |
|
1052
Louisiana-Pacific
LPX
$5.49B
| $18.3M | 0.01% |
973,448
+38,316
| +4% | +$742K |
|
1053
Entegris
ENTG
$23.2B
| $18.3M | 0.01% |
1,050,089
+58,930
| +6% | +$967K |
|
1054
Integra LifeSciences
IART
$1.34B
| $18.3M | 0.01% |
442,824
+32,250
| +8% | +$1.35M |
|
|
LTC
1055
LTC Properties
LTC
$2.15B
| $18.3M | 0.01% |
351,334
+25,802
| +8% | +$1.35M |
|
1056
TransUnion
TRU
$15.3B
| $18.2M | 0.01% |
528,554
+112,660
| +27% | +$3.77M |
|
|
LPNT
1057
DELISTED
LifePoint Health, Inc.
LPNT
| $18.1M | 0.01% |
305,740
+15,163
| +5% | +$910K |
|
1058
Brinker International
EAT
$9.66B
| $18M | 0.01% |
357,217
+7,949
| +2% | +$400K |
|
|
MIK
1059
DELISTED
Michaels Stores, Inc
MIK
| $18M | 0.01% |
744,599
+82,242
| +12% | +$2.1M |
|
|
ELME
1060
Elme Communities
ELME
$144M
| $18M | 0.01% |
578,250
+29,301
| +5% | +$952K |
|
1061
Wolfspeed
WOLF
$1.71B
| $18M | 0.01% |
698,000
+22,666
| +3% | +$586K |
|
|
WMGI
1062
DELISTED
Wright Medical Group Inc
WMGI
| $17.9M | 0.01% |
730,072
+9,278
| +1% | +$214K |
|
1063
Cathay General Bancorp
CATY
$4.24B
| $17.9M | 0.01% |
581,446
+47,745
| +9% | +$1.45M |
|
|
KITE
1064
DELISTED
Kite Pharma, Inc.
KITE
| $17.9M | 0.01% |
320,221
+6,148
| +2% | +$343K |
|
|
STRZA
1065
DELISTED
Starz - Series A
STRZA
| $17.9M | 0.01% |
572,586
+14,416
| +3% | +$444K |
|
1066
LCI Industries
LCII
$2.65B
| $17.9M | 0.01% |
182,187
+7,617
| +4% | +$724K |
|
|
VWR
1067
DELISTED
VWR Corporation
VWR
| $17.8M | 0.01% |
629,292
+82,273
| +15% | +$2.38M |
|
|
BCPC
1068
Balchem Corp
BCPC
$5.72B
| $17.7M | 0.01% |
228,902
+3,359
| +1% | +$223K |
|
1069
Worthington Enterprises
WOR
$2.86B
| $17.7M | 0.01% |
598,250
-21,816
| -4% | -$583K |
|
|
CAB
1070
DELISTED
Cabela's Inc
CAB
| $17.7M | 0.01% |
322,225
+15,753
| +5% | +$806K |
|
|
TCF
1071
DELISTED
TCF Financial Corporation
TCF
| $17.7M | 0.01% |
1,219,213
+81,405
| +7% | +$1.13M |
|
1072
Erie Indemnity
ERIE
$13.2B
| $17.7M | 0.01% |
173,260
-4,745
| -3% | -$471K |
|
|
AL
1073
DELISTED
Air Lease Corp
AL
| $17.6M | 0.01% |
616,736
-5,494
| -0.9% | -$156K |
|
1074
Hancock Whitney
HWC
$6.24B
| $17.6M | 0.01% |
543,409
+7,137
| +1% | +$216K |
|
1075
First Financial Bankshares
FFIN
$4.97B
| $17.6M | 0.01% |
966,478
+3,960
| +0.4% | +$69.6K |
|
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.