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 |
Johnson & Johnson
JNJ
|
+$150M |
| 2 |
Johnson Controls International
JCI
|
+$145M |
| 3 |
ExxonMobil
XOM
|
+$135M |
| 4 |
Apple
AAPL
|
+$129M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$437M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$146M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$108M |
| 4 |
Danaher
DHR
|
+$103M |
| 5 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$84.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.06% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 14.12% |
| 4 | Industrials | 10.19% |
| 5 | Consumer Discretionary | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ILG
1226
DELISTED
ILG, Inc Common Stock
ILG
| $14.1M | 0.01% |
820,687
-29,219
| -3% | -$505K |
|
1227
Granite Construction
GVA
$5.62B
| $14.1M | 0.01% |
283,168
+10,733
| +4% | +$522K |
|
|
SCAI
1228
DELISTED
Surgical Care Affiliates, Inc.
SCAI
| $14.1M | 0.01% |
288,694
-2,437
| -0.8% | -$112K |
|
1229
Zurn Elkay Water Solutions
ZWS
$8.53B
| $14.1M | 0.01% |
1,364,140
+12,382
| +0.9% | +$126K |
|
|
JNS
1230
DELISTED
Janus Capital Group Inc
JNS
| $14.1M | 0.01% |
1,004,052
+80,071
| +9% | +$1.16M |
|
1231
News Corp Class B
NWS
$17.5B
| $14.1M | 0.01% |
989,866
+140,517
| +17% | +$1.91M |
|
|
MGLN
1232
DELISTED
Magellan Health Services, Inc.
MGLN
| $14.1M | 0.01% |
261,555
+15,509
| +6% | +$935K |
|
|
IPXL
1233
DELISTED
Impax Laboratories, Inc.
IPXL
| $14M | 0.01% |
592,410
+9,587
| +2% | +$258K |
|
|
MDP
1234
DELISTED
Meredith Corporation
MDP
| $14M | 0.01% |
270,000
+12,873
| +5% | +$687K |
|
|
VGR
1235
DELISTED
Vector Group Ltd.
VGR
| $14M | 0.01% |
1,062,739
+11,690
| +1% | +$153K |
|
|
B
1236
DELISTED
Barnes Group Inc.
B
| $14M | 0.01% |
345,324
+3,236
| +0.9% | +$126K |
|
|
KLXI
1237
DELISTED
KLX Inc.
KLXI
| $14M | 0.01% |
471,792
+1,375
| +0.3% | +$39.6K |
|
|
CCMP
1238
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $14M | 0.01% |
264,492
-2,462
| -0.9% | -$121K |
|
1239
Plexus
PLXS
$7.23B
| $14M | 0.01% |
298,250
+4,129
| +1% | +$189K |
|
1240
International Bancshares
IBOC
$4.57B
| $13.9M | 0.01% |
468,247
+6,994
| +2% | +$199K |
|
1241
American States Water
AWR
$3.46B
| $13.9M | 0.01% |
347,907
+4,852
| +1% | +$201K |
|
1242
Columbia Banking Systems
COLB
$8.84B
| $13.9M | 0.01% |
424,991
+5,129
| +1% | +$160K |
|
1243
Evercore
EVR
$11.8B
| $13.9M | 0.01% |
269,487
+9,484
| +4% | +$477K |
|
|
DCH
1244
Dauch Corp
DCH
$1.51B
| $13.9M | 0.01% |
805,527
+16,618
| +2% | +$279K |
|
1245
Tenet Healthcare
THC
$21.1B
| $13.9M | 0.01% |
612,084
+7,555
| +1% | +$197K |
|
|
CSGS
1246
DELISTED
CSG Systems International
CSGS
| $13.8M | 0.01% |
334,925
-1,275
| -0.4% | -$53.4K |
|
|
KW
1247
DELISTED
Kennedy-Wilson Holdings
KW
| $13.8M | 0.01% |
613,507
+5,631
| +0.9% | +$120K |
|
|
SAFM
1248
DELISTED
Sanderson Farms Inc
SAFM
| $13.8M | 0.01% |
143,493
-532
| -0.4% | -$48.7K |
|
1249
Pricesmart
PSMT
$5.46B
| $13.8M | 0.01% |
164,944
+18,226
| +12% | +$1.5M |
|
1250
Matador Resources
MTDR
$6.09B
| $13.8M | 0.01% |
566,974
+9,157
| +2% | +$201K |
|
Similar funds
Geode Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Geode Capital Management held 4,151 positions worth $199B, up 8% from $184B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $6.96B of net new capital in Q3 2016, opening 137 new positions and adding to 3,049 existing holdings. Its largest new stake was Fortive: 4,005,895 shares worth $128M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $103M trimmed.
- Geode Capital Management's largest Q3 2016 buy was Fortive: 4,005,895 shares worth $128M.
- Geode Capital Management added most to Johnson & Johnson in Q3 2016, an estimated $150M increase.
- Geode Capital Management's biggest Q3 2016 reduction was Danaher, cutting an estimated $103M.
- Geode Capital Management fully exited EMC CORPORATION in Q3 2016, selling an estimated $437M.
- Geode Capital Management's ten largest holdings make up 15% of its $199B portfolio in Q3 2016.
- Geode Capital Management opened 137 new positions and closed 123 in Q3 2016.
- Geode Capital Management's portfolio value rose 8% quarter-over-quarter to $199B.
Based on Geode Capital Management's 13F filing for Q3 2016, filed 10 Nov 2016.