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
|
+$145M |
| 2 |
Chubb
CB
|
+$135M |
| 3 |
Microsoft
MSFT
|
+$129M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Johnson & Johnson
JNJ
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$271M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$250M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$244M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$89.3M |
| 5 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 13.53% |
| 4 | Industrials | 9.98% |
| 5 | Consumer Discretionary | 9.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1226
GATX Corp
GATX
$6.4B
| $12.5K | 0.01% |
262,134
+3,457
| +1% | +$147K |
|
|
ESL
1227
DELISTED
Esterline Technologies
ESL
| $12.4K | 0.01% |
194,112
+7,339
| +4% | +$483K |
|
1228
Mercury Insurance
MCY
$5.94B
| $12.4K | 0.01% |
223,877
+12,661
| +6% | +$631K |
|
1229
Super Micro Computer
SMCI
$18.5B
| $12.4K | 0.01% |
3,640,510
+122,900
| +3% | +$368K |
|
|
QLGC
1230
DELISTED
QLOGIC CORP
QLGC
| $12.4K | 0.01% |
922,633
+4,198
| +0.5% | +$52.2K |
|
1231
Benchmark Electronics
BHE
$2.91B
| $12.4K | 0.01% |
536,872
-12,983
| -2% | -$274K |
|
1232
Credit Acceptance
CACC
$5.99B
| $12.4K | 0.01% |
68,094
+1,975
| +3% | +$377K |
|
|
TCF
1233
DELISTED
TCF Financial Corporation Common Stock
TCF
| $12.4K | 0.01% |
346,247
+43,362
| +14% | +$1.44M |
|
1234
Capitol Federal Financial
CFFN
$1.12B
| $12.3K | 0.01% |
931,259
+32,562
| +4% | +$406K |
|
1235
Silicon Laboratories
SLAB
$7.19B
| $12.3K | 0.01% |
274,262
+9,541
| +4% | +$410K |
|
|
MDP
1236
DELISTED
Meredith Corporation
MDP
| $12.3K | 0.01% |
259,010
+23,156
| +10% | +$983K |
|
|
PEI
1237
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $12.3K | 0.01% |
37,523
+3,269
| +10% | +$974K |
|
1238
Matthews International
MATW
$876M
| $12.3K | 0.01% |
238,684
+26,732
| +13% | +$1.31M |
|
1239
Pinnacle Financial Partners Inc
PNFP
$16.2B
| $12.3K | 0.01% |
249,902
+19,284
| +8% | +$920K |
|
1240
HEICO Corp Class A
HEI.A
$36.6B
| $12.3K | 0.01% |
502,787
+25,328
| +5% | +$580K |
|
1241
LXP Industrial Trust
LXP
$3.56B
| $12.3K | 0.01% |
284,939
+36,521
| +15% | +$1.41M |
|
|
DOOR
1242
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $12.2K | 0.01% |
186,980
+7,871
| +4% | +$445K |
|
1243
ABM Industries
ABM
$2.86B
| $12.2K | 0.01% |
378,355
+30,221
| +9% | +$911K |
|
|
SONC
1244
DELISTED
Sonic Corp
SONC
| $12.2K | 0.01% |
346,761
+15,818
| +5% | +$472K |
|
1245
Hancock Whitney
HWC
$6.26B
| $12.2K | 0.01% |
530,147
-11,816
| -2% | -$278K |
|
|
AKRX
1246
DELISTED
Akorn Inc
AKRX
| $12.2K | 0.01% |
516,880
+15,192
| +3% | +$400K |
|
|
HSNI
1247
DELISTED
HSN, Inc.
HSNI
| $12.1K | 0.01% |
232,188
+11,730
| +5% | +$582K |
|
1248
Dillards
DDS
$9.57B
| $12.1K | 0.01% |
142,559
-5,002
| -3% | -$375K |
|
|
RPT
1249
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $12.1K | 0.01% |
671,180
+21,584
| +3% | +$365K |
|
1250
Fossil Group
FOSL
$348M
| $12.1K | 0.01% |
272,176
-183,071
| -40% | -$7.22M |
|
Similar funds
Geode Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Geode Capital Management held 4,210 positions worth $188M, down 100% from $175B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management deployed $3.95B of net new capital in Q1 2016, opening 62 new positions and adding to 2,901 existing holdings. Its largest new stake was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was American International, an estimated $28.8M trimmed.
- Geode Capital Management's largest Q1 2016 buy was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
- Geode Capital Management added most to Apple in Q1 2016, an estimated $145M increase.
- Geode Capital Management's biggest Q1 2016 reduction was American International, cutting an estimated $28.8M.
- Geode Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $271M.
- Geode Capital Management's ten largest holdings make up 18% of its $188M portfolio in Q1 2016.
- Geode Capital Management opened 62 new positions and closed 115 in Q1 2016.
- Geode Capital Management's portfolio value fell 100% quarter-over-quarter to $188M.
Based on Geode Capital Management's 13F filing for Q1 2016, filed 13 May 2016.