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 |
DuPont de Nemours
DD
|
+$744M |
| 2 |
Baker Hughes
BKR
|
+$156M |
| 3 |
Walt Disney
DIS
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$124M |
| 5 |
Apple
AAPL
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$658M |
| 2 |
RAI
Reynolds American Inc
RAI
|
+$502M |
| 3 |
BHI
Baker Hughes
BHI
|
+$236M |
| 4 |
WFM
Whole Foods Market Inc
WFM
|
+$155M |
| 5 |
SPLS
Staples Inc
SPLS
|
+$73.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.32% |
| 2 | Financials | 16.15% |
| 3 | Healthcare | 13.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
EOG Resources
EOG
$77.5B
| $529M | 0.2% |
5,482,500
+79,480
| +1% | +$7.18M |
|
102
FedEx
FDX
$73B
| $522M | 0.19% |
2,318,976
+10,663
| +0.5% | +$2.27M |
|
103
Danaher
DHR
$138B
| $522M | 0.19% |
6,876,885
+153,166
| +2% | +$11.3M |
|
104
Kraft Heinz
KHC
$31.3B
| $512M | 0.19% |
6,620,324
+73,329
| +1% | +$6.13M |
|
|
MON
105
DELISTED
Monsanto Co
MON
| $510M | 0.19% |
4,265,771
+105,079
| +3% | +$12.4M |
|
106
TJX Companies
TJX
$176B
| $508M | 0.19% |
13,812,746
+244,440
| +2% | +$8.71M |
|
107
CSX Corp
CSX
$93B
| $501M | 0.18% |
27,737,136
+545,538
| +2% | +$9.36M |
|
108
Southern Company
SO
$106B
| $489M | 0.18% |
9,979,360
+283,640
| +3% | +$13.7M |
|
|
ATVI
109
DELISTED
Activision Blizzard
ATVI
| $485M | 0.18% |
7,537,909
+738,275
| +11% | +$46.1M |
|
110
Occidental Petroleum
OXY
$55.6B
| $484M | 0.18% |
7,554,789
+178,354
| +2% | +$10.9M |
|
|
SCHW
111
Charles Schwab
SCHW
$181B
| $483M | 0.18% |
11,074,148
+10,013
| +0.1% | +$416K |
|
112
Illinois Tool Works
ITW
$81.6B
| $481M | 0.18% |
3,254,322
+58,615
| +2% | +$8.33M |
|
113
CME Group
CME
$96.1B
| $475M | 0.18% |
3,505,068
+81,685
| +2% | +$10.3M |
|
114
Dominion Energy
D
$61.3B
| $475M | 0.18% |
6,182,056
+249,758
| +4% | +$19.4M |
|
115
Micron Technology
MU
$988B
| $474M | 0.17% |
12,072,165
+1,527,992
| +14% | +$48.3M |
|
116
Ford
F
$59.3B
| $461M | 0.17% |
38,611,936
-17,879
| -0% | -$202K |
|
117
Prudential Financial
PRU
$42.6B
| $458M | 0.17% |
4,318,696
-78,188
| -2% | -$8.36M |
|
|
MRSH
118
Marsh
MRSH
$91.4B
| $451M | 0.17% |
5,388,078
+142,939
| +3% | +$11.3M |
|
119
Cigna
CI
$76.1B
| $444M | 0.16% |
2,379,745
+42,597
| +2% | +$7.58M |
|
120
Stryker
SYK
$133B
| $436M | 0.16% |
3,073,924
+207,153
| +7% | +$29.7M |
|
121
Cognizant
CTSH
$24.3B
| $420M | 0.15% |
5,796,267
+122,913
| +2% | +$8.63M |
|
122
Becton Dickinson
BDX
$45.6B
| $419M | 0.15% |
2,197,679
+51,493
| +2% | +$9.98M |
|
123
Prologis
PLD
$136B
| $416M | 0.15% |
6,568,926
+224,188
| +4% | +$13.8M |
|
|
ESRX
124
DELISTED
Express Scripts Holding Company
ESRX
| $416M | 0.15% |
6,575,835
+2,191
| +0% | +$136K |
|
125
Capital One
COF
$129B
| $409M | 0.15% |
4,836,400
+113,385
| +2% | +$9.35M |
|
Similar funds
Geode Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Geode Capital Management held 4,158 positions worth $271B, up 6.5% from $254B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 4.7%. Geode Capital Management opened 87 new positions and exited 109, leaving the 4,158-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2017 buy was Baker Hughes: 4,388,225 shares worth $160M.
- Geode Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $744M increase.
- Geode Capital Management's biggest Q3 2017 reduction was Hewlett Packard, cutting an estimated $61.7M.
- Geode Capital Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $658M.
- Geode Capital Management's ten largest holdings make up 16% of its $271B portfolio in Q3 2017.
- Geode Capital Management opened 87 new positions and closed 109 in Q3 2017.
- Geode Capital Management's portfolio value rose 6.5% quarter-over-quarter to $271B.
Based on Geode Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.