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 |
Apple
AAPL
|
+$145M |
| 2 |
Chubb
CB
|
+$135M |
| 3 |
Microsoft
MSFT
|
+$129M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Johnson & Johnson
JNJ
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$271M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$250M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$244M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$89.3M |
| 5 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.29% |
| 2 | Healthcare | 14.04% |
| 3 | Financials | 13.67% |
| 4 | Industrials | 10.08% |
| 5 | Consumer Discretionary | 9.37% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Murphy USA
MUSA
$9.6B
| $15M | 0.01% |
244,392
-1,681
| -0.7% | -$103K |
|
|
STRZA
1102
DELISTED
Starz - Series A
STRZA
| $15M | 0.01% |
568,767
+21,434
| +4% | +$587K |
|
|
CLR
1103
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $14.9M | 0.01% |
491,417
+14,238
| +3% | +$322K |
|
|
SYNT
1104
DELISTED
Syntel Inc
SYNT
| $14.9M | 0.01% |
298,349
+19,747
| +7% | +$904K |
|
1105
Smith & Wesson
SWBI
$600M
| $14.9M | 0.01% |
727,787
+53,232
| +8% | +$991K |
|
|
ESV
1106
DELISTED
Ensco Rowan plc
ESV
| $14.9M | 0.01% |
358,782
-119,221
| -25% | -$4.87M |
|
1107
Darling Ingredients
DAR
$10.5B
| $14.9M | 0.01% |
1,130,041
+117,984
| +12% | +$1.19M |
|
|
MDSO
1108
DELISTED
Medidata Solutions, Inc.
MDSO
| $14.9M | 0.01% |
384,076
+28,582
| +8% | +$1.11M |
|
1109
Silgan Holdings
SLGN
$4.04B
| $14.8M | 0.01% |
556,376
+22,856
| +4% | +$593K |
|
|
X
1110
DELISTED
US Steel
X
| $14.7M | 0.01% |
917,525
+73,053
| +9% | +$728K |
|
1111
Steven Madden
SHOO
$3.08B
| $14.7M | 0.01% |
596,225
+26,069
| +5% | +$580K |
|
1112
Cathay General Bancorp
CATY
$4.16B
| $14.7M | 0.01% |
518,150
+31,161
| +6% | +$863K |
|
1113
Arista Networks
ANET
$252B
| $14.7M | 0.01% |
3,719,824
+431,184
| +13% | +$1.69M |
|
1114
Timken Company
TKR
$8.15B
| $14.6M | 0.01% |
436,596
+926
| +0.2% | +$26.9K |
|
1115
Marriott Vacations Worldwide
VAC
$3.6B
| $14.6M | 0.01% |
216,109
-9,868
| -4% | -$558K |
|
|
CAB
1116
DELISTED
Cabela's Inc
CAB
| $14.5M | 0.01% |
298,147
+6,724
| +2% | +$302K |
|
|
ICPT
1117
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $14.5M | 0.01% |
112,773
+3,654
| +3% | +$431K |
|
|
PNK
1118
DELISTED
Pinnacle Entertainment Inc.
PNK
| $14.5M | 0.01% |
412,370
+27,845
| +7% | +$840K |
|
1119
MillerKnoll
MLKN
$1.44B
| $14.5M | 0.01% |
468,050
+19,807
| +4% | +$526K |
|
|
GCI
1120
DELISTED
Gannett Co., Inc
GCI
| $14.4M | 0.01% |
952,297
-113,321
| -11% | -$1.71M |
|
1121
Interactive Brokers
IBKR
$40.2B
| $14.4M | 0.01% |
1,466,332
+23,732
| +2% | +$209K |
|
|
DATA
1122
DELISTED
Tableau Software, Inc.
DATA
| $14.4M | 0.01% |
313,798
+15,756
| +5% | +$914K |
|
1123
Community Health Systems
CYH
$412M
| $14.3M | 0.01% |
932,482
-8,625
| -0.9% | -$132K |
|
1124
Grand Canyon Education
LOPE
$4B
| $14.3M | 0.01% |
333,622
+19,398
| +6% | +$748K |
|
|
LTC
1125
LTC Properties
LTC
$2.34B
| $14.2M | 0.01% |
314,626
+27,017
| +9% | +$1.19M |
|
Similar funds
Geode Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Geode Capital Management held 4,210 positions worth $188B, up 7.4% from $175B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Trading was light in Q1 2016: portfolio turnover was 4.2%. Geode Capital Management opened 62 new positions and exited 115, leaving the 4,210-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 15% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2016 buy was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3M.
- Geode Capital Management added most to Apple in Q1 2016, an estimated $145M increase.
- Geode Capital Management's biggest Q1 2016 reduction was American International, cutting an estimated $28.8M.
- Geode Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $271M.
- Geode Capital Management's ten largest holdings make up 18% of its $188B portfolio in Q1 2016.
- Geode Capital Management opened 62 new positions and closed 115 in Q1 2016.
- Geode Capital Management's portfolio value rose 7.4% quarter-over-quarter to $188B.
Based on Geode Capital Management's 13F filing for Q1 2016, filed 13 May 2016.