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 | |
|---|---|---|---|---|---|---|
1376
iShares Core S&P 500 ETF
IVV
$902B
| – | – |
0
| – | – |
|
1377
Trex
TREX
$5.01B
| $11.7M | 0.01% |
797,028
-2,448
| -0.3% | -$34.1K |
|
1378
Greif
GEF
$5.04B
| $11.7M | 0.01% |
235,128
-16,168
| -6% | -$692K |
|
|
DGI
1379
DELISTED
DigitalGlobe Inc.
DGI
| $11.6M | 0.01% |
423,388
+17,855
| +4% | +$457K |
|
1380
Agios Pharmaceuticals
AGIO
$1.93B
| $11.6M | 0.01% |
219,502
+34,732
| +19% | +$1.51M |
|
1381
Zillow
ZG
$7.63B
| $11.6M | 0.01% |
336,200
+2,481
| +0.7% | +$88.9K |
|
1382
Credicorp
BAP
$30.7B
| $11.6M | 0.01% |
76,355
+7,746
| +11% | +$1.22M |
|
1383
Four Corners Property Trust
FCPT
$2.75B
| $11.6M | 0.01% |
541,839
+136,929
| +34% | +$2.88M |
|
1384
Invesco Mortgage Capital
IVR
$805M
| $11.5M | 0.01% |
75,724
+458
| +0.6% | +$68.8K |
|
|
ARI
1385
Apollo Commercial Real Estate
ARI
$885M
| $11.5M | 0.01% |
704,246
+117,287
| +20% | +$1.93M |
|
|
AVNS
1386
DELISTED
Avanos Medical
AVNS
| $11.5M | 0.01% |
332,529
+9,544
| +3% | +$334K |
|
1387
Puma Biotechnology
PBYI
$454M
| $11.5M | 0.01% |
171,691
+24,741
| +17% | +$1.25M |
|
1388
Designer Brands
DBI
$333M
| $11.5M | 0.01% |
561,979
+98,404
| +21% | +$2.31M |
|
|
LTXB
1389
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $11.5M | 0.01% |
362,385
+32,969
| +10% | +$976K |
|
1390
HealthEquity
HQY
$8.75B
| $11.4M | 0.01% |
302,046
+30,230
| +11% | +$958K |
|
|
PCH
1391
DELISTED
PotlatchDeltic
PCH
| $11.4M | 0.01% |
293,469
+14,040
| +5% | +$527K |
|
1392
California Water Service
CWT
$3.12B
| $11.4M | 0.01% |
355,485
+12,446
| +4% | +$402K |
|
1393
Strategy Inc
MSTR
$38.4B
| $11.4M | 0.01% |
680,980
-109,670
| -14% | -$1.89M |
|
1394
PRA Group
PRAA
$755M
| $11.4M | 0.01% |
329,649
+4,117
| +1% | +$121K |
|
1395
GoPro
GPRO
$126M
| $11.4M | 0.01% |
681,637
+98,882
| +17% | +$1.36M |
|
1396
Kaiser Aluminum
KALU
$3.02B
| $11.4M | 0.01% |
131,290
+1,685
| +1% | +$145K |
|
1397
Argan
AGX
$8.37B
| $11.3M | 0.01% |
191,763
-6,001
| -3% | -$294K |
|
|
SYKE
1398
DELISTED
SYKES Enterprises Inc
SYKE
| $11.3M | 0.01% |
402,868
+2,613
| +0.7% | +$77.6K |
|
1399
Merit Medical Systems
MMSI
$5.32B
| $11.3M | 0.01% |
466,519
+10,225
| +2% | +$236K |
|
|
ASRT
1400
DELISTED
Assertio
ASRT
| $11.3M | 0.01% |
7,544
+268
| +4% | +$337K |
|
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.