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 | |
|---|---|---|---|---|---|---|
1201
Paycom
PAYC
$9.69B
| $14.8M | 0.01% |
295,007
+9,891
| +3% | +$483K |
|
|
DF
1202
DELISTED
Dean Foods Company
DF
| $14.7M | 0.01% |
899,388
+28,015
| +3% | +$490K |
|
|
ECHO
1203
EchoStar
ECHO
$26.2B
| $14.7M | 0.01% |
415,218
+24,576
| +6% | +$779K |
|
1204
Itron
ITRI
$4.54B
| $14.7M | 0.01% |
264,239
+2,711
| +1% | +$130K |
|
1205
Groupon
GRPN
$1.02B
| $14.7M | 0.01% |
142,753
+2,647
| +2% | +$258K |
|
1206
KBR
KBR
$4.8B
| $14.7M | 0.01% |
970,031
+65,038
| +7% | +$957K |
|
|
EXAS
1207
DELISTED
Exact Sciences
EXAS
| $14.7M | 0.01% |
789,572
+87,282
| +12% | +$1.54M |
|
|
MORE
1208
DELISTED
Monogram Residential Trust, Inc.
MORE
| $14.6M | 0.01% |
1,376,485
+64,078
| +5% | +$667K |
|
1209
Monro
MNRO
$398M
| $14.6M | 0.01% |
239,240
+13,798
| +6% | +$837K |
|
|
ZEN
1210
DELISTED
ZENDESK INC
ZEN
| $14.6M | 0.01% |
476,164
+61,547
| +15% | +$1.83M |
|
|
ESGR
1211
DELISTED
Enstar Group
ESGR
| $14.6M | 0.01% |
88,888
+1,501
| +2% | +$247K |
|
|
WBT
1212
DELISTED
Welbilt, Inc.
WBT
| $14.6M | 0.01% |
897,252
+31,203
| +4% | +$533K |
|
1213
Matthews International
MATW
$739M
| $14.5M | 0.01% |
239,420
+253
| +0.1% | +$15.2K |
|
1214
Tetra Tech
TTEK
$9.07B
| $14.5M | 0.01% |
2,048,660
+22,370
| +1% | +$152K |
|
1215
CoreCivic
CXW
$3.19B
| $14.5M | 0.01% |
1,043,005
+64,846
| +7% | +$1.55M |
|
1216
Advanced Energy
AEIS
$13B
| $14.4M | 0.01% |
305,261
-999
| -0.3% | -$42.5K |
|
1217
Axos Financial
AX
$5.68B
| $14.4M | 0.01% |
644,651
+23,984
| +4% | +$466K |
|
1218
Graham Holdings Company
GHC
$5.02B
| $14.4M | 0.01% |
29,922
+1,459
| +5% | +$732K |
|
1219
Steven Madden
SHOO
$3.55B
| $14.3M | 0.01% |
622,107
+8,211
| +1% | +$192K |
|
|
STL
1220
DELISTED
Sterling Bancorp
STL
| $14.3M | 0.01% |
819,012
+11,703
| +1% | +$199K |
|
|
XHR
1221
Xenia Hotels & Resorts
XHR
$1.79B
| $14.3M | 0.01% |
942,332
+17,689
| +2% | +$300K |
|
1222
MillerKnoll
MLKN
$1.67B
| $14.3M | 0.01% |
498,520
+14,032
| +3% | +$463K |
|
|
CLNY
1223
DELISTED
Colony Capital, Inc.
CLNY
| $14.2M | 0.01% |
781,000
+32,595
| +4% | +$577K |
|
|
JBTM
1224
JBT Marel
JBTM
$6.39B
| $14.2M | 0.01% |
200,854
+5,686
| +3% | +$380K |
|
1225
Dorman Products
DORM
$4.18B
| $14.1M | 0.01% |
220,826
+8,830
| +4% | +$543K |
|
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.