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
|
+$227M |
| 2 |
Microsoft
MSFT
|
+$183M |
| 3 |
Meta Platforms (Facebook)
META
|
+$179M |
| 4 |
PepsiCo
PEP
|
+$149M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$138M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$243M |
| 2 |
LVLT
Level 3 Communications Inc
LVLT
|
+$163M |
| 3 |
KITE
Kite Pharma, Inc.
KITE
|
+$85.5M |
| 4 |
SFR
Starwood Waypoint Homes
SFR
|
+$45.3M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.85% |
| 2 | Financials | 16.38% |
| 3 | Healthcare | 13.22% |
| 4 | Industrials | 10.47% |
| 5 | Consumer Discretionary | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Occidental Petroleum
OXY
$55.7B
| $570M | 0.19% |
7,755,139
+200,350
| +3% | +$13.6M |
|
|
MON
102
DELISTED
Monsanto Co
MON
| $564M | 0.19% |
4,840,855
+575,084
| +13% | +$68.4M |
|
|
AGN
103
DELISTED
Allergan plc
AGN
| $559M | 0.19% |
3,422,365
+72,303
| +2% | +$13M |
|
104
Illinois Tool Works
ITW
$84.1B
| $557M | 0.19% |
3,345,059
+90,737
| +3% | +$14.5M |
|
105
American International
AIG
$42.8B
| $552M | 0.19% |
9,286,750
+166,642
| +2% | +$10.2M |
|
106
TJX Companies
TJX
$179B
| $543M | 0.18% |
14,236,418
+423,672
| +3% | +$15.4M |
|
107
CME Group
CME
$94.7B
| $539M | 0.18% |
3,695,039
+189,971
| +5% | +$27.1M |
|
108
Ford
F
$62.6B
| $538M | 0.18% |
43,141,934
+4,529,998
| +12% | +$55.8M |
|
109
General Motors
GM
$81.9B
| $533M | 0.18% |
13,021,470
-198,539
| -2% | -$8.61M |
|
110
MetLife
MET
$62.7B
| $530M | 0.18% |
10,504,468
+174,242
| +2% | +$9.18M |
|
111
Micron Technology
MU
$885B
| $530M | 0.18% |
12,907,706
+835,541
| +7% | +$36M |
|
112
Kraft Heinz
KHC
$32.7B
| $529M | 0.18% |
6,822,492
+202,168
| +3% | +$15.9M |
|
113
Dominion Energy
D
$62.3B
| $519M | 0.18% |
6,419,395
+237,339
| +4% | +$19.2M |
|
114
Prudential Financial
PRU
$43B
| $511M | 0.17% |
4,456,237
+137,541
| +3% | +$15.4M |
|
115
CSX Corp
CSX
$94.1B
| $509M | 0.17% |
27,792,033
+54,897
| +0.2% | +$972K |
|
116
Southern Company
SO
$109B
| $495M | 0.17% |
10,321,563
+342,203
| +3% | +$17.4M |
|
|
ESRX
117
DELISTED
Express Scripts Holding Company
ESRX
| $492M | 0.17% |
6,608,383
+32,548
| +0.5% | +$2.08M |
|
|
ATVI
118
DELISTED
Activision Blizzard
ATVI
| $492M | 0.17% |
7,790,249
+252,340
| +3% | +$16M |
|
119
Capital One
COF
$130B
| $490M | 0.17% |
4,936,404
+100,004
| +2% | +$9.13M |
|
120
Cigna
CI
$78.9B
| $490M | 0.17% |
2,419,889
+40,144
| +2% | +$7.99M |
|
121
Deere & Co
DE
$166B
| $489M | 0.17% |
3,129,922
-96,246
| -3% | -$13.5M |
|
122
Kimberly-Clark
KMB
$37.4B
| $489M | 0.17% |
4,058,562
+758,032
| +23% | +$88.4M |
|
123
Stryker
SYK
$134B
| $488M | 0.17% |
3,159,538
+85,614
| +3% | +$13.1M |
|
124
Intuitive Surgical
ISRG
$128B
| $486M | 0.16% |
3,999,327
+527,757
| +15% | +$66M |
|
125
Intuit
INTU
$89.4B
| $476M | 0.16% |
3,020,966
+167,550
| +6% | +$25.5M |
|
Similar funds
Geode Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Geode Capital Management held 4,142 positions worth $294B, up 8.7% from $271B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management's Q4 2017 filing shows 98 new, 2,556 increased, 827 reduced and 120 closed positions. Its largest new stake was Delphi Technologies PLC Ordinary Shares: 742,921 shares worth $39M. The largest sale was CR Bard Inc., an estimated $243M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 742,921 shares worth $39M.
- Geode Capital Management added most to Apple in Q4 2017, an estimated $227M increase.
- Geode Capital Management's biggest Q4 2017 reduction was Goldman Sachs, cutting an estimated $23.7M.
- Geode Capital Management fully exited CR Bard Inc. in Q4 2017, selling an estimated $243M.
- Geode Capital Management's ten largest holdings make up 17% of its $294B portfolio in Q4 2017.
- Geode Capital Management opened 98 new positions and closed 120 in Q4 2017.
- Geode Capital Management's portfolio value rose 8.7% quarter-over-quarter to $294B.
Based on Geode Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.