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 | |
|---|---|---|---|---|---|---|---|
|
MORE
1201
DELISTED
Monogram Residential Trust, Inc.
MORE
| $13.4M | 0.01% |
1,312,407
-73,306
| -5% | -$735K |
2015 Q1
5 quarters
|
|
|
CEB
1202
DELISTED
CEB Inc.
CEB
| $13.4M | 0.01% |
217,075
+3,976
| +2% | +$249K |
2013 Q2
12 quarters
|
|
1203
DELISTED
El Paso Electric Company
EE
| $13.4M | 0.01% |
283,248
+1,943
| +0.7% | +$87.8K |
2013 Q2
12 quarters
|
|
1204
EXL Service
EXLS
$5.99B
| $13.4M | 0.01% |
1,277,015
-10,940
| -0.8% | -$111K |
2013 Q2
12 quarters
|
|
|
NRF
1205
DELISTED
NorthStar Realty Finance Corp.
NRF
| $13.4M | 0.01% |
1,170,261
+12,303
| +1% | +$158K |
2013 Q2
12 quarters
|
|
1206
Matsons
MATX
$7.03B
| $13.4M | 0.01% |
413,871
+29,890
| +8% | +$1.03M |
2013 Q2
12 quarters
|
|
1207
MGIC Investment
MTG
$5.71B
| $13.4M | 0.01% |
2,244,736
+46,192
| +2% | +$315K |
2013 Q2
12 quarters
|
|
1208
Grand Canyon Education
LOPE
$4.21B
| $13.4M | 0.01% |
334,517
+895
| +0.3% | +$37.8K |
2013 Q2
12 quarters
|
|
|
MDP
1209
DELISTED
Meredith Corporation
MDP
| $13.3M | 0.01% |
257,127
-1,883
| -0.7% | -$93.2K |
2013 Q2
12 quarters
|
|
1210
Timken Company
TKR
$7.79B
| $13.3M | 0.01% |
435,134
-1,462
| -0.3% | -$49K |
2013 Q2
12 quarters
|
|
1211
Matthews International
MATW
$604M
| $13.3M | 0.01% |
239,167
+483
| +0.2% | +$25.5K |
2013 Q2
12 quarters
|
|
1212
J&J Snack Foods
JJSF
$1.47B
| $13.3M | 0.01% |
111,151
+4,233
| +4% | +$449K |
2013 Q2
12 quarters
|
|
1213
AMN Healthcare
AMN
$1.57B
| $13.3M | 0.01% |
331,527
+11,384
| +4% | +$421K |
2013 Q2
12 quarters
|
|
1214
Cooper-Standard Automotive
CPS
$370M
| $13.2M | 0.01% |
167,725
+4,487
| +3% | +$362K |
2014 Q2
8 quarters
|
|
|
TCF
1215
DELISTED
TCF Financial Corporation Common Stock
TCF
| $13.2M | 0.01% |
353,374
+7,127
| +2% | +$270K |
2013 Q2
12 quarters
|
|
1216
Commault Systems
CVLT
$6.18B
| $13.2M | 0.01% |
304,943
-3,722
| -1% | -$164K |
2013 Q2
12 quarters
|
|
1217
Northwest Natural Holdings
NWN
$2.06B
| $13.2M | 0.01% |
203,161
+16,523
| +9% | +$921K |
2013 Q2
12 quarters
|
|
1218
DELISTED
Blackhawk Network Holdings, Inc. Common Stock
HAWK
| $13.1M | 0.01% |
392,596
+13,135
| +3% | +$438K |
2013 Q2
12 quarters
|
|
1219
Mueller Industries
MLI
$13.3B
| $13.1M | 0.01% |
1,648,484
+126,744
| +8% | +$979K |
2013 Q2
12 quarters
|
|
1220
Methode Electronics
MEI
$475M
| $13.1M | 0.01% |
383,153
-6,102
| -2% | -$179K |
2013 Q2
12 quarters
|
|
1221
DNOW Inc
DNOW
$2.83B
| $13.1M | 0.01% |
722,760
+69,578
| +11% | +$1.22M |
2014 Q2
8 quarters
|
|
1222
HEICO Corp Class A
HEI.A
$32.6B
| $13.1M | 0.01% |
596,492
-31,992
| -5% | -$676K |
2013 Q2
12 quarters
|
|
|
FDC
1223
DELISTED
First Data Corporation
FDC
| $13M | 0.01% |
1,175,370
+94,129
| +9% | +$1.13M |
2015 Q4
2 quarters
|
|
1224
Universal Corp
UVV
$1.01B
| $12.9M | 0.01% |
224,173
-3,179
| -1% | -$175K |
2013 Q2
12 quarters
|
|
1225
DELISTED
Verifone Systems Inc
PAY
| $12.9M | 0.01% |
695,693
+11,159
| +2% | +$282K |
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.