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 |
S&P Global
SPGI
|
+$216M |
| 2 |
Charter Communications
CHTR
|
+$192M |
| 3 |
SLB Ltd
SLB
|
+$79.3M |
| 4 |
IBM
IBM
|
+$70.2M |
| 5 |
Newell Brands
NWL
|
+$67.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AFFX
Affymetrix Inc
AFFX
|
+$7.53B |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$447M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$229M |
| 4 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$208M |
| 5 |
SANDISK CORP
SNDK
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.87% |
| 2 | Technology | 14.38% |
| 3 | Financials | 13.98% |
| 4 | Industrials | 10.32% |
| 5 | Consumer Discretionary | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1076
Smith & Wesson
SWBI
$626M
| $16.2M | 0.01% |
774,079
+46,292
| +6% | +$827K |
2013 Q2
12 quarters
|
|
1077
Worthington Enterprises
WOR
$3.17B
| $16.2M | 0.01% |
620,066
+36,245
| +6% | +$837K |
2013 Q2
12 quarters
|
|
1078
Sinclair Inc
SBGI
$937M
| $16.1M | 0.01% |
539,808
-133,413
| -20% | -$4.18M |
2013 Q2
12 quarters
|
|
|
AKRX
1079
DELISTED
Akorn Inc
AKRX
| $16.1M | 0.01% |
565,720
+48,840
| +9% | +$1.35M |
2013 Q2
12 quarters
|
|
1080
Ciena
CIEN
$48.2B
| $16.1M | 0.01% |
859,361
+44,612
| +5% | +$808K |
2013 Q2
12 quarters
|
|
1081
John Wiley & Sons Class A
WLY
$2.65B
| $16.1M | 0.01% |
307,942
-5,478
| -2% | -$277K |
2013 Q2
12 quarters
|
|
|
KATE
1082
DELISTED
Kate Spade & Company
KATE
| $16.1M | 0.01% |
779,614
+25,389
| +3% | +$579K |
2013 Q2
12 quarters
|
|
1083
Cousins Properties
CUZ
$4.54B
| $16.1M | 0.01% |
547,030
-29,877
| -5% | -$888K |
2013 Q2
12 quarters
|
|
1084
DELISTED
Verint Systems
VRNT
| $16M | 0.01% |
950,757
+113,718
| +14% | +$1.97M |
2013 Q2
12 quarters
|
|
1085
Compass Minerals
CMP
$946M
| $16M | 0.01% |
215,874
+16,778
| +8% | +$1.27M |
2013 Q2
12 quarters
|
|
1086
Regal Rexnord
RRX
$10.5B
| $15.9M | 0.01% |
289,599
+7,416
| +3% | +$446K |
2013 Q2
12 quarters
|
|
|
MDRX
1087
DELISTED
Veradigm Inc. Common Stock
MDRX
| $15.9M | 0.01% |
1,254,887
+36,140
| +3% | +$479K |
2013 Q2
12 quarters
|
|
|
CVG
1088
DELISTED
Convergys
CVG
| $15.9M | 0.01% |
636,963
-24,974
| -4% | -$673K |
2013 Q2
12 quarters
|
|
1089
Brinker International
EAT
$8.58B
| $15.9M | 0.01% |
349,268
-442
| -0.1% | -$20.2K |
2013 Q2
12 quarters
|
|
1090
Del Monte Corp
DMC
$1.41B
| $15.9M | 0.01% |
291,823
+63,971
| +28% | +$3.13M |
2013 Q2
12 quarters
|
|
|
WNR
1091
DELISTED
Western Refining Inc
WNR
| $15.8M | 0.01% |
767,827
-88,948
| -10% | -$2.09M |
2013 Q2
12 quarters
|
|
|
VWR
1092
DELISTED
VWR Corporation
VWR
| $15.8M | 0.01% |
547,019
+140,980
| +35% | +$3.95M |
2014 Q4
6 quarters
|
|
1093
MGE Energy Inc
MGEE
$2.72B
| $15.8M | 0.01% |
279,261
+8,920
| +3% | +$462K |
2013 Q2
12 quarters
|
|
1094
First Financial Bankshares
FFIN
$4.43B
| $15.8M | 0.01% |
962,518
+28,668
| +3% | +$456K |
2013 Q2
12 quarters
|
|
|
DF
1095
DELISTED
Dean Foods Company
DF
| $15.8M | 0.01% |
871,373
+151,847
| +21% | +$2.69M |
2013 Q2
12 quarters
|
|
1096
Minerals Technologies
MTX
$1.98B
| $15.7M | 0.01% |
276,915
+1,030
| +0.4% | +$59.8K |
2013 Q2
12 quarters
|
|
|
KITE
1097
DELISTED
Kite Pharma, Inc.
KITE
| $15.7M | 0.01% |
314,073
+31,267
| +11% | +$1.54M |
2014 Q3
7 quarters
|
|
1098
Radian Group
RDN
$4.48B
| $15.7M | 0.01% |
1,506,821
+87,323
| +6% | +$1.03M |
2013 Q2
12 quarters
|
|
1099
XPO
XPO
$22.1B
| $15.7M | 0.01% |
1,726,489
+137,784
| +9% | +$1.37M |
2013 Q2
12 quarters
|
|
|
RAX
1100
DELISTED
Rackspace Hosting Inc
RAX
| $15.7M | 0.01% |
751,517
+39,450
| +6% | +$922K |
2013 Q2
12 quarters
|
|
Similar funds
Geode Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Geode Capital Management held 4,187 positions worth $184B, down 2.4% from $188B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management withdrew a net $8.49B in Q2 2016, closing 127 positions and reducing 984 holdings. Its most notable exit was Affymetrix Inc, an estimated $7.53B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Technology and Financials.
Against the trend, Geode Capital Management opened a new position in S&P Global worth $215M.
- Geode Capital Management's largest Q2 2016 buy was S&P Global: 2,009,728 shares worth $215M.
- Geode Capital Management added most to Charter Communications in Q2 2016, an estimated $192M increase.
- Geode Capital Management's biggest Q2 2016 reduction was GE Aerospace, cutting an estimated $72.2M.
- Geode Capital Management fully exited Affymetrix Inc in Q2 2016, selling an estimated $7.53B.
- Geode Capital Management's ten largest holdings make up 15% of its $184B portfolio in Q2 2016.
- Geode Capital Management opened 96 new positions and closed 127 in Q2 2016.
- Geode Capital Management's portfolio value fell 2.4% quarter-over-quarter to $184B.
Based on Geode Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.