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 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 | 15.39% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 14.37% |
| 4 | Industrials | 10.28% |
| 5 | Consumer Discretionary | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
RTN
101
DELISTED
Raytheon Company
RTN
| $378M | 0.19% |
2,781,450
+141,802
| +5% | +$19.7M |
2013 Q2
13 quarters
|
|
102
Kinder Morgan
KMI
$72.3B
| $377M | 0.19% |
16,308,224
+952,126
| +6% | +$20.2M |
2013 Q2
13 quarters
|
|
103
Blackrock
BLK
$168B
| $375M | 0.19% |
1,036,705
+18,821
| +2% | +$6.85M |
2013 Q2
13 quarters
|
|
104
Public Storage
PSA
$54.2B
| $374M | 0.19% |
1,679,602
+144,972
| +9% | +$33.9M |
2013 Q2
13 quarters
|
|
|
105
Johnson Controls International
JCI
$95.4B
| $373M | 0.19% |
8,026,573
+3,133,878
| +64% | +$145M |
2013 Q2
13 quarters
|
|
106
PNC Financial Services
PNC
$87.5B
| $365M | 0.18% |
4,054,941
+118,575
| +3% | +$10.2M |
2013 Q2
13 quarters
|
|
107
Kimberly-Clark
KMB
$32.5B
| $364M | 0.18% |
2,887,279
+89,540
| +3% | +$11.6M |
2013 Q2
13 quarters
|
|
108
Bank of New York Mellon
BNY
$96.8B
| $359M | 0.18% |
9,005,522
+282,407
| +3% | +$11.3M |
2013 Q2
13 quarters
|
|
109
Salesforce
CRM
$189B
| $358M | 0.18% |
5,032,476
+188,051
| +4% | +$14.7M |
2013 Q2
13 quarters
|
|
110
Netflix
NFLX
$293B
| $350M | 0.18% |
35,544,400
+1,053,210
| +3% | +$10.1M |
2013 Q2
13 quarters
|
|
111
FedEx
FDX
$69B
| $348M | 0.18% |
1,993,235
+24,785
| +1% | +$4.06M |
2013 Q2
13 quarters
|
|
|
AET
112
DELISTED
Aetna Inc
AET
| $345M | 0.17% |
2,992,999
+157,316
| +6% | +$18.4M |
2013 Q2
13 quarters
|
|
113
Target
TGT
$69.8B
| $343M | 0.17% |
5,003,496
-163,253
| -3% | -$11.7M |
2013 Q2
13 quarters
|
|
114
Capital One
COF
$122B
| $332M | 0.17% |
4,632,284
+181,155
| +4% | +$12.4M |
2013 Q2
13 quarters
|
|
115
Illinois Tool Works
ITW
$75.2B
| $330M | 0.17% |
2,758,206
+98,334
| +4% | +$11.4M |
2013 Q2
13 quarters
|
|
116
Northrop Grumman
NOC
$68.3B
| $329M | 0.17% |
1,540,038
+55,899
| +4% | +$12.1M |
2013 Q2
13 quarters
|
|
|
YHOO
117
DELISTED
Yahoo Inc
YHOO
| $328M | 0.17% |
7,633,621
+327,187
| +4% | +$13.4M |
2013 Q2
13 quarters
|
|
118
NVIDIA
NVDA
$5.54T
| $326M | 0.16% |
190,694,200
+13,789,920
| +8% | +$20.4M |
2013 Q2
13 quarters
|
|
119
Halliburton
HAL
$27.1B
| $326M | 0.16% |
7,274,777
+322,680
| +5% | +$14.1M |
2013 Q2
13 quarters
|
|
120
Emerson Electric
EMR
$90.3B
| $324M | 0.16% |
5,953,946
+329,065
| +6% | +$17.6M |
2013 Q2
13 quarters
|
|
121
Phillips 66
PSX
$111B
| $323M | 0.16% |
4,022,173
+101,002
| +3% | +$7.85M |
2013 Q2
13 quarters
|
|
|
DNY
122
DELISTED
DONNELLEY R R & SONS CO
DNY
| $322M | 0.16% |
1,541,737
+137,023
| +10% | +$28.6M |
2013 Q2
13 quarters
|
|
123
McKesson
MCK
$109B
| $322M | 0.16% |
1,931,581
+82,168
| +4% | +$15.3M |
2013 Q2
13 quarters
|
|
124
General Mills
GIS
$17.3B
| $319M | 0.16% |
5,005,349
+196,810
| +4% | +$13.7M |
2013 Q2
13 quarters
|
|
125
Hewlett Packard
HPE
$97.5B
| $316M | 0.16% |
23,953,499
+1,447,362
| +6% | +$17.9M |
2015 Q4
3 quarters
|
|
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 $6.98B of net new capital in Q3 2016, opening 137 new positions and adding to 3,050 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 Healthcare and Financials.
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.