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
|
+$465M |
| 2 |
Microsoft
MSFT
|
+$373M |
| 3 |
Amazon
AMZN
|
+$274M |
| 4 |
ExxonMobil
XOM
|
+$253M |
| 5 |
Meta Platforms (Facebook)
META
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SE
Spectra Energy Corp Wi
SE
|
+$249M |
| 2 |
STJ
St Jude Medical
STJ
|
+$203M |
| 3 |
LLTC
Linear Technology Corp
LLTC
|
+$156M |
| 4 |
HAR
Harman International Industries
HAR
|
+$71.2M |
| 5 |
CSC
Computer Sciences
CSC
|
+$56.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.77% |
| 2 | Financials | 15.74% |
| 3 | Healthcare | 13.31% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Ford
F
$60.9B
| $475M | 0.2% |
40,887,644
+3,978,850
| +11% | +$49.4M |
|
|
RAI
102
DELISTED
Reynolds American Inc
RAI
| $475M | 0.2% |
7,553,177
+571,672
| +8% | +$34.3M |
|
103
PayPal
PYPL
$50.3B
| $469M | 0.19% |
10,924,274
+870,109
| +9% | +$36.4M |
|
|
MON
104
DELISTED
Monsanto Co
MON
| $466M | 0.19% |
4,125,879
+295,452
| +8% | +$32.7M |
|
105
Occidental Petroleum
OXY
$55.7B
| $462M | 0.19% |
7,309,139
+513,261
| +8% | +$34.1M |
|
106
American Tower
AMT
$83.5B
| $460M | 0.19% |
3,789,461
+303,425
| +9% | +$33.4M |
|
107
Prudential Financial
PRU
$42.6B
| $458M | 0.19% |
4,297,520
+368,321
| +9% | +$39.7M |
|
108
Dominion Energy
D
$62B
| $453M | 0.19% |
5,843,417
+420,250
| +8% | +$31.8M |
|
|
AET
109
DELISTED
Aetna Inc
AET
| $451M | 0.18% |
3,539,245
+279,133
| +9% | +$35M |
|
110
Blackrock
BLK
$167B
| $447M | 0.18% |
1,166,937
+89,696
| +8% | +$34.3M |
|
111
Elevance Health
ELV
$81.5B
| $445M | 0.18% |
2,694,421
+206,900
| +8% | +$32.9M |
|
|
SCHW
112
Charles Schwab
SCHW
$182B
| $441M | 0.18% |
10,835,156
+911,407
| +9% | +$37.6M |
|
113
Applied Materials
AMAT
$347B
| $439M | 0.18% |
11,292,896
+828,605
| +8% | +$29.8M |
|
114
FedEx
FDX
$73B
| $436M | 0.18% |
2,236,044
+173,544
| +8% | +$33.1M |
|
115
CSX Corp
CSX
$94B
| $427M | 0.18% |
27,527,640
+1,944,462
| +8% | +$29.6M |
|
116
Northrop Grumman
NOC
$76B
| $423M | 0.17% |
1,780,879
+93,990
| +6% | +$22.3M |
|
|
ESRX
117
DELISTED
Express Scripts Holding Company
ESRX
| $413M | 0.17% |
6,269,207
+423,839
| +7% | +$29.2M |
|
118
Illinois Tool Works
ITW
$84.1B
| $408M | 0.17% |
3,084,804
+203,294
| +7% | +$26.3M |
|
119
Halliburton
HAL
$26.1B
| $407M | 0.17% |
8,273,561
+635,993
| +8% | +$34.2M |
|
120
Capital One
COF
$128B
| $405M | 0.17% |
4,684,142
+113,839
| +2% | +$10.1M |
|
|
YHOO
121
DELISTED
Yahoo Inc
YHOO
| $403M | 0.17% |
8,690,598
+714,987
| +9% | +$31.9M |
|
122
Emerson Electric
EMR
$81.6B
| $399M | 0.16% |
6,674,711
+514,005
| +8% | +$30.7M |
|
123
CME Group
CME
$95.4B
| $398M | 0.16% |
3,358,889
+250,936
| +8% | +$30.2M |
|
124
Kinder Morgan
KMI
$70.9B
| $398M | 0.16% |
18,346,909
+1,309,520
| +8% | +$28.6M |
|
125
Public Storage
PSA
$61.5B
| $393M | 0.16% |
1,798,523
+46,660
| +3% | +$10.3M |
|
Similar funds
Geode Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Geode Capital Management held 4,180 positions worth $244B, up 13% from $215B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Geode Capital Management deployed $17B of net new capital in Q1 2017, opening 139 new positions and adding to 3,366 existing holdings. Its largest new stake was Bioverativ Inc. Common Stock: 786,074 shares worth $42.8M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 15% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Computer Sciences, an estimated $56.7M trimmed.
- Geode Capital Management's largest Q1 2017 buy was Bioverativ Inc. Common Stock: 786,074 shares worth $42.8M.
- Geode Capital Management added most to Apple in Q1 2017, an estimated $465M increase.
- Geode Capital Management's biggest Q1 2017 reduction was Computer Sciences, cutting an estimated $56.7M.
- Geode Capital Management fully exited Spectra Energy Corp Wi in Q1 2017, selling an estimated $249M.
- Geode Capital Management's ten largest holdings make up 16% of its $244B portfolio in Q1 2017.
- Geode Capital Management opened 139 new positions and closed 111 in Q1 2017.
- Geode Capital Management's portfolio value rose 13% quarter-over-quarter to $244B.
Based on Geode Capital Management's 13F filing for Q1 2017, filed 12 May 2017.