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 | |
|---|---|---|---|---|---|---|
1326
Mativ Holdings
MATV
$711M
| $12.6M | 0.01% |
326,879
-4,529
| -1% | -$172K |
|
1327
Mine Safety
MSA
$7.49B
| $12.6M | 0.01% |
217,130
+1,628
| +0.8% | +$91K |
|
|
DBD
1328
DELISTED
Diebold Nixdorf Incorporated
DBD
| $12.6M | 0.01% |
507,859
+84,292
| +20% | +$2.24M |
|
|
FMBI
1329
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $12.6M | 0.01% |
649,671
+8,156
| +1% | +$154K |
|
|
VTLE
1330
DELISTED
Vital Energy
VTLE
| $12.5M | 0.01% |
48,455
+3,773
| +8% | +$861K |
|
1331
Columbia Sportswear
COLM
$2.94B
| $12.5M | 0.01% |
220,058
+1,997
| +0.9% | +$114K |
|
1332
Kemper
KMPR
$1.68B
| $12.5M | 0.01% |
317,581
+9,031
| +3% | +$325K |
|
1333
AerCap
AER
$23.8B
| $12.5M | 0.01% |
325,846
+17,727
| +6% | +$669K |
|
1334
NBT Bancorp
NBTB
$2.74B
| $12.5M | 0.01% |
378,909
-9,395
| -2% | -$291K |
|
1335
BGC Group
BGC
$4.89B
| $12.4M | 0.01% |
2,211,334
+103,292
| +5% | +$590K |
|
|
GNC
1336
DELISTED
GNC Holdings, Inc.
GNC
| $12.4M | 0.01% |
608,646
-173,098
| -22% | -$3.79M |
|
1337
Viavi Solutions
VIAV
$9.66B
| $12.4M | 0.01% |
1,680,970
+18,349
| +1% | +$134K |
|
|
ARGO
1338
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $12.4M | 0.01% |
253,136
+2,405
| +1% | +$114K |
|
|
MEG
1339
DELISTED
Media General, Inc
MEG
| $12.4M | 0.01% |
673,269
+53,574
| +9% | +$950K |
|
|
SWFT
1340
DELISTED
Swift Transportation Company
SWFT
| $12.4M | 0.01% |
577,343
+23,560
| +4% | +$448K |
|
1341
La-Z-Boy
LZB
$1.69B
| $12.4M | 0.01% |
504,356
+10,362
| +2% | +$292K |
|
1342
Rexford Industrial Realty
REXR
$8.19B
| $12.4M | 0.01% |
540,063
+25,262
| +5% | +$559K |
|
1343
The GEO Group
GEO
$4.04B
| $12.4M | 0.01% |
779,369
-127,081
| -14% | -$2.4M |
|
1344
Watts Water Technologies
WTS
$13.1B
| $12.4M | 0.01% |
190,540
+1,327
| +0.7% | +$83.4K |
|
|
SYNT
1345
DELISTED
Syntel Inc
SYNT
| $12.4M | 0.01% |
294,744
-3,782
| -1% | -$169K |
|
1346
GATX Corp
GATX
$6.27B
| $12.3M | 0.01% |
276,447
+3,484
| +1% | +$154K |
|
1347
Nexstar Media Group
NXST
$5.97B
| $12.3M | 0.01% |
212,819
+7,980
| +4% | +$421K |
|
|
CVSA
1348
Covista Inc
CVSA
$4.8B
| $12.3M | 0.01% |
532,237
-22,406
| -4% | -$500K |
|
1349
Liberty Broadband Class A
LBRDA
$5.16B
| $12.3M | 0.01% |
174,838
+7,675
| +5% | +$506K |
|
1350
TFS Financial
TFSL
$4.93B
| $12.2M | 0.01% |
687,724
+8,213
| +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.