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 | |
|---|---|---|---|---|---|---|
1301
Carpenter Technology
CRS
$28.4B
| $13M | 0.01% |
314,408
+908
| +0.3% | +$34.2K |
|
1302
Simpson Manufacturing
SSD
$8.16B
| $12.9M | 0.01% |
294,394
+3,868
| +1% | +$165K |
|
1303
3D Systems Corp
DDD
$613M
| $12.9M | 0.01% |
719,820
+4,929
| +0.7% | +$73.9K |
|
|
NYRT
1304
DELISTED
New York REIT, Inc.
NYRT
| $12.9M | 0.01% |
141,153
+7,883
| +6% | +$753K |
|
1305
Sabra Healthcare REIT
SBRA
$5.37B
| $12.9M | 0.01% |
512,367
+31,491
| +7% | +$754K |
|
1306
Globus Medical
GMED
$11.2B
| $12.9M | 0.01% |
571,351
+51,880
| +10% | +$1.22M |
|
1307
Penske Automotive Group
PAG
$14.2B
| $12.9M | 0.01% |
267,091
-5,144
| -2% | -$214K |
|
|
CVA
1308
DELISTED
Covanta Holding Corporation
CVA
| $12.9M | 0.01% |
835,552
+10,450
| +1% | +$163K |
|
|
EVER
1309
DELISTED
Everbank Financial Corp
EVER
| $12.9M | 0.01% |
663,935
+48,554
| +8% | +$879K |
|
1310
WD-40
WDFC
$3.15B
| $12.8M | 0.01% |
114,195
-744
| -0.6% | -$86.9K |
|
1311
Myriad Genetics
MYGN
$312M
| $12.8M | 0.01% |
623,628
+62,600
| +11% | +$1.59M |
|
1312
CVB Financial
CVBF
$3.99B
| $12.8M | 0.01% |
726,748
+9,437
| +1% | +$161K |
|
|
RDC
1313
DELISTED
Rowan Companies Plc
RDC
| $12.8M | 0.01% |
842,903
+35,467
| +4% | +$519K |
|
|
FPRX
1314
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $12.8M | 0.01% |
243,266
+21,297
| +10% | +$1.02M |
|
|
SEMG
1315
DELISTED
SEMGROUP CORPORATION
SEMG
| $12.8M | 0.01% |
361,047
+26,123
| +8% | +$830K |
|
1316
Haemonetics
HAE
$4B
| $12.8M | 0.01% |
352,486
+14,115
| +4% | +$485K |
|
|
TVPT
1317
DELISTED
Travelport Worldwide Limited
TVPT
| $12.8M | 0.01% |
848,841
+57,268
| +7% | +$787K |
|
1318
Progress Software
PRGS
$1.76B
| $12.7M | 0.01% |
468,294
+823
| +0.2% | +$23.5K |
|
1319
Applied Industrial Technologies
AIT
$13.3B
| $12.7M | 0.01% |
272,444
+3,273
| +1% | +$153K |
|
|
FIT
1320
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $12.7M | 0.01% |
856,078
+293,736
| +52% | +$4.28M |
|
1321
EXL Service
EXLS
$5.29B
| $12.6M | 0.01% |
1,268,555
-8,460
| -0.7% | -$86K |
|
|
AKS
1322
DELISTED
AK Steel Holding Corp
AKS
| $12.6M | 0.01% |
2,615,537
+1,044,255
| +66% | +$5.3M |
|
|
SWNC
1323
DELISTED
Southwestern Energy Company
SWNC
| – | – |
0
| – | – |
|
|
RPT
1324
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $12.6M | 0.01% |
673,503
+30,465
| +5% | +$588K |
|
1325
Semtech
SMTC
$13B
| $12.6M | 0.01% |
455,104
+5,730
| +1% | +$148K |
|
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.