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 | |
|---|---|---|---|---|---|---|
|
HAPN
1276
Happen Inc
HAPN
$2.24B
| $13.4M | 0.01% |
433,800
+126,369
| +41% | +$3.28M |
|
1277
MasTec
MTZ
$21.9B
| $13.4M | 0.01% |
450,539
+12,393
| +3% | +$340K |
|
1278
Old National Bancorp
ONB
$10.2B
| $13.4M | 0.01% |
952,771
+16,190
| +2% | +$218K |
|
|
EE
1279
DELISTED
El Paso Electric Company
EE
| $13.4M | 0.01% |
286,333
+3,085
| +1% | +$144K |
|
1280
Ingevity
NGVT
$2.68B
| $13.4M | 0.01% |
289,814
+8,217
| +3% | +$347K |
|
1281
Cleveland-Cliffs
CLF
$6.99B
| $13.3M | 0.01% |
2,274,780
+1,111,493
| +96% | +$7.25M |
|
1282
BOK Financial
BOKF
$8.74B
| $13.3M | 0.01% |
192,900
+10,239
| +6% | +$680K |
|
|
SFR
1283
DELISTED
Starwood Waypoint Homes
SFR
| $13.3M | 0.01% |
462,948
+46,158
| +11% | +$1.44M |
|
1284
Mercury Insurance
MCY
$6.07B
| $13.3M | 0.01% |
241,719
+7,744
| +3% | +$418K |
|
|
ABCO
1285
DELISTED
Advisory Board Co
ABCO
| $13.3M | 0.01% |
296,212
-124
| -0% | -$5.1K |
|
|
LGF
1286
DELISTED
Lions Gate Entertainment
LGF
| $13.3M | 0.01% |
662,959
+67,914
| +11% | +$1.39M |
|
|
BID
1287
DELISTED
Sotheby's
BID
| $13.2M | 0.01% |
347,052
-8,579
| -2% | -$303K |
|
1288
Northwest Natural Holdings
NWN
$2.12B
| $13.2M | 0.01% |
219,407
+16,246
| +8% | +$1.02M |
|
|
PEI
1289
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $13.2M | 0.01% |
38,139
+1,758
| +5% | +$629K |
|
1290
Churchill Downs
CHDN
$6.12B
| $13.2M | 0.01% |
540,048
+6,396
| +1% | +$151K |
|
1291
FTI Consulting
FCN
$4.18B
| $13.1M | 0.01% |
295,009
-5,356
| -2% | -$231K |
|
1292
Deckers Outdoor
DECK
$13.3B
| $13.1M | 0.01% |
1,323,162
+66,414
| +5% | +$696K |
|
1293
Omnicell
OMCL
$1.68B
| $13.1M | 0.01% |
342,451
+5,552
| +2% | +$207K |
|
1294
Power Integrations
POWI
$3.61B
| $13.1M | 0.01% |
415,904
+14,560
| +4% | +$414K |
|
1295
Ormat Technologies
ORA
$6.65B
| $13.1M | 0.01% |
270,441
+20,800
| +8% | +$983K |
|
1296
Universal Corp
UVV
$1.27B
| $13.1M | 0.01% |
224,381
+208
| +0.1% | +$12.3K |
|
1297
Capitol Federal Financial
CFFN
$1.1B
| $13.1M | 0.01% |
928,403
+10,702
| +1% | +$151K |
|
|
TPH
1298
DELISTED
Tri Pointe Homes
TPH
| $13M | 0.01% |
989,947
-10,340
| -1% | -$137K |
|
|
MBLY
1299
DELISTED
Mobileye N.V.
MBLY
| $13M | 0.01% |
306,463
+14,586
| +5% | +$674K |
|
1300
Penumbra
PEN
$12.8B
| $13M | 0.01% |
171,361
+116,414
| +212% | +$8.03M |
|
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.