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
|
+$202M |
| 2 |
Microsoft
MSFT
|
+$177M |
| 3 |
ExxonMobil
XOM
|
+$151M |
| 4 |
Amazon
AMZN
|
+$143M |
| 5 |
Johnson & Johnson
JNJ
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DNY
DONNELLEY R R & SONS CO
DNY
|
+$322M |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$143M |
| 3 |
Alcoa
AA
|
+$99.8M |
| 4 |
Yum! Brands
YUM
|
+$76.8M |
| 5 |
ITC
ITC HOLDINGS CORP
ITC
|
+$45.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.15% |
| 2 | Technology | 14.96% |
| 3 | Healthcare | 13.08% |
| 4 | Industrials | 10.62% |
| 5 | Consumer Discretionary | 9.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Dominion Energy
D
$62B
| $415M | 0.19% |
5,423,167
+207,195
| +4% | +$15.3M |
|
102
Halliburton
HAL
$26.1B
| $413M | 0.19% |
7,637,568
+362,791
| +5% | +$18.1M |
|
103
Blackrock
BLK
$167B
| $409M | 0.19% |
1,077,241
+40,536
| +4% | +$14.9M |
|
104
Prudential Financial
PRU
$42.6B
| $408M | 0.19% |
3,929,199
+261,692
| +7% | +$24.8M |
|
|
AET
105
DELISTED
Aetna Inc
AET
| $404M | 0.19% |
3,260,112
+267,113
| +9% | +$32M |
|
|
MON
106
DELISTED
Monsanto Co
MON
| $402M | 0.19% |
3,830,427
-249,213
| -6% | -$25.5M |
|
|
ESRX
107
DELISTED
Express Scripts Holding Company
ESRX
| $402M | 0.19% |
5,845,368
+251,641
| +4% | +$18M |
|
108
Kimberly-Clark
KMB
$37.6B
| $401M | 0.19% |
3,515,995
+628,716
| +22% | +$73M |
|
109
Target
TGT
$66.3B
| $400M | 0.19% |
5,541,154
+537,658
| +11% | +$38.9M |
|
110
Capital One
COF
$128B
| $398M | 0.19% |
4,570,303
-61,981
| -1% | -$5M |
|
111
PayPal
PYPL
$50.3B
| $396M | 0.18% |
10,054,165
+439,654
| +5% | +$17.7M |
|
112
Northrop Grumman
NOC
$76B
| $392M | 0.18% |
1,686,889
+146,851
| +10% | +$34.1M |
|
113
Public Storage
PSA
$61.5B
| $391M | 0.18% |
1,751,863
+72,261
| +4% | +$15.4M |
|
|
SCHW
114
Charles Schwab
SCHW
$182B
| $391M | 0.18% |
9,923,749
+443,540
| +5% | +$15.8M |
|
|
RAI
115
DELISTED
Reynolds American Inc
RAI
| $391M | 0.18% |
6,981,505
+324,144
| +5% | +$17.2M |
|
116
FedEx
FDX
$73B
| $384M | 0.18% |
2,062,500
+69,265
| +3% | +$12.7M |
|
117
American Tower
AMT
$83.5B
| $368M | 0.17% |
3,486,036
+113,323
| +3% | +$12.3M |
|
118
CME Group
CME
$95.4B
| $358M | 0.17% |
3,107,953
+91,031
| +3% | +$10.1M |
|
119
Elevance Health
ELV
$81.5B
| $357M | 0.17% |
2,487,521
+114,058
| +5% | +$15.3M |
|
120
Salesforce
CRM
$154B
| $356M | 0.17% |
5,210,671
+178,195
| +4% | +$12.9M |
|
121
Illinois Tool Works
ITW
$84.1B
| $352M | 0.16% |
2,881,510
+123,304
| +4% | +$14.9M |
|
122
Kinder Morgan
KMI
$70.9B
| $352M | 0.16% |
17,037,389
+729,165
| +4% | +$15.4M |
|
123
Hewlett Packard
HPE
$58.8B
| $351M | 0.16% |
26,128,900
+2,175,401
| +9% | +$29.1M |
|
124
Johnson Controls International
JCI
$85.1B
| $344M | 0.16% |
8,357,046
+330,473
| +4% | +$14.5M |
|
125
Emerson Electric
EMR
$81.6B
| $343M | 0.16% |
6,160,706
+206,760
| +3% | +$11.1M |
|
Similar funds
Geode Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Geode Capital Management held 4,166 positions worth $215B, up 8.3% from $199B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $9B of net new capital in Q4 2016, opening 143 new positions and adding to 3,245 existing holdings. Its largest new stake was Howmet Aerospace: 5,172,703 shares worth $73.5M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Alcoa, an estimated $99.8M trimmed.
- Geode Capital Management's largest Q4 2016 buy was Howmet Aerospace: 5,172,703 shares worth $73.5M.
- Geode Capital Management added most to Apple in Q4 2016, an estimated $202M increase.
- Geode Capital Management's biggest Q4 2016 reduction was Alcoa, cutting an estimated $99.8M.
- Geode Capital Management fully exited DONNELLEY R R & SONS CO in Q4 2016, selling an estimated $322M.
- Geode Capital Management's ten largest holdings make up 15% of its $215B portfolio in Q4 2016.
- Geode Capital Management opened 143 new positions and closed 131 in Q4 2016.
- Geode Capital Management's portfolio value rose 8.3% quarter-over-quarter to $215B.
Based on Geode Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.