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 | |
|---|---|---|---|---|---|---|---|
1101
DELISTED
Welltower Inc.
WELL.PRI
| – | – |
0
| – | – |
2013 Q3
11 quarters
|
|
|
CORE
1102
DELISTED
Core Mark Holding Co., Inc.
CORE
| $15.6M | 0.01% |
333,427
+9,811
| +3% | +$416K |
2013 Q2
12 quarters
|
|
1103
WaFd
WAFD
$2.16B
| $15.6M | 0.01% |
643,078
+26,261
| +4% | +$631K |
2013 Q2
12 quarters
|
|
1104
DELISTED
US Steel
X
| $15.6M | 0.01% |
925,231
+7,706
| +0.8% | +$129K |
2013 Q2
12 quarters
|
|
|
CAVM
1105
DELISTED
Cavium, Inc.
CAVM
| $15.5M | 0.01% |
402,380
+16,031
| +4% | +$793K |
2013 Q2
12 quarters
|
|
1106
Xenia Hotels & Resorts
XHR
$1.75B
| $15.5M | 0.01% |
924,643
-120,186
| -12% | -$1.89M |
2015 Q2
4 quarters
|
|
1107
Generac Holdings
GNRC
$11.4B
| $15.5M | 0.01% |
442,274
+9,788
| +2% | +$361K |
2013 Q2
12 quarters
|
|
1108
CACI
CACI
$13.6B
| $15.4M | 0.01% |
170,703
-2,000
| -1% | -$199K |
2013 Q2
12 quarters
|
|
|
LXK
1109
DELISTED
Lexmark Intl Inc
LXK
| $15.4M | 0.01% |
408,672
-7,554
| -2% | -$279K |
2013 Q2
12 quarters
|
|
|
CTB
1110
DELISTED
Cooper Tire & Rubber Co.
CTB
| $15.4M | 0.01% |
516,167
+26,333
| +5% | +$872K |
2013 Q2
12 quarters
|
|
1111
Northwest Bancshares
NWBI
$2.19B
| $15.4M | 0.01% |
1,036,147
+58,959
| +6% | +$835K |
2013 Q2
12 quarters
|
|
1112
DELISTED
Usg
USG
| $15.3M | 0.01% |
569,326
+34,947
| +7% | +$954K |
2013 Q2
12 quarters
|
|
|
CATM
1113
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $15.3M | 0.01% |
385,384
+3,717
| +1% | +$142K |
2013 Q2
12 quarters
|
|
|
CAB
1114
DELISTED
Cabela's Inc
CAB
| $15.3M | 0.01% |
306,472
+8,325
| +3% | +$414K |
2013 Q2
12 quarters
|
|
1115
Texas Capital Bancshares
TCBI
$3.96B
| $15.3M | 0.01% |
327,244
-747
| -0.2% | -$33.5K |
2013 Q2
12 quarters
|
|
1116
Adeia
ADEA
$2.25B
| $15.3M | 0.01% |
1,886,057
+29,098
| +2% | +$236K |
2013 Q2
12 quarters
|
|
|
WBT
1117
DELISTED
Welbilt, Inc.
WBT
| $15.3M | 0.01% |
866,049
+3,722
| +0.4% | +$59.3K |
2016 Q1
1 quarter
|
|
1118
NETGEAR
NTGR
$599M
| $15.2M | 0.01% |
320,650
+9,959
| +3% | +$428K |
2013 Q2
12 quarters
|
|
|
FNGN
1119
DELISTED
Financial Engines, Inc.
FNGN
| $15.2M | 0.01% |
588,313
+40,282
| +7% | +$1.16M |
2013 Q2
12 quarters
|
|
|
AXLL
1120
DELISTED
AXIALL CORP COM STK (DE)
AXLL
| $15.2M | 0.01% |
466,615
-1,181
| -0.3% | -$29.9K |
2013 Q2
12 quarters
|
|
1121
Shenandoah Telecom
SHEN
$570M
| $15.2M | 0.01% |
389,212
+51,883
| +15% | +$1.61M |
2013 Q2
12 quarters
|
|
|
JOY
1122
DELISTED
Joy Global Inc
JOY
| $15.2M | 0.01% |
717,430
+118,035
| +20% | +$2.23M |
2013 Q2
12 quarters
|
|
1123
PBF Energy
PBF
$10B
| $15.1M | 0.01% |
636,241
+13,802
| +2% | +$397K |
2013 Q2
12 quarters
|
|
1124
Neogen
NEOG
$2.58B
| $15.1M | 0.01% |
715,059
+28,664
| +4% | +$534K |
2013 Q2
12 quarters
|
|
1125
UFP Industries
UFPI
$4.32B
| $15.1M | 0.01% |
488,010
+29,553
| +6% | +$832K |
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.