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 | |
|---|---|---|---|---|---|---|
|
PAY
1401
DELISTED
Verifone Systems Inc
PAY
| $11.3M | 0.01% |
716,714
+21,021
| +3% | +$382K |
|
1402
Brady Corp
BRC
$4.57B
| $11.3M | 0.01% |
325,769
+10,598
| +3% | +$349K |
|
|
AAN.A
1403
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $11.3M | 0.01% |
442,872
+4,419
| +1% | +$112K |
|
1404
Simmons First National
SFNC
$3.39B
| $11.2M | 0.01% |
450,674
+5,094
| +1% | +$122K |
|
1405
Eagle Bancorp
EGBN
$845M
| $11.2M | 0.01% |
226,569
+11,355
| +5% | +$570K |
|
|
SWC
1406
DELISTED
Stillwater Mining Co
SWC
| $11.1M | 0.01% |
833,389
+4,332
| +0.5% | +$58.2K |
|
|
EDE
1407
DELISTED
Empire District Electric
EDE
| $11.1M | 0.01% |
326,087
+743
| +0.2% | +$25.2K |
|
1408
Otter Tail
OTTR
$3.94B
| $11.1M | 0.01% |
321,148
+25,141
| +8% | +$869K |
|
|
PEGI
1409
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $11.1M | 0.01% |
493,669
+82,120
| +20% | +$1.95M |
|
|
SEM
1410
DELISTED
Select Medical
SEM
| $11.1M | 0.01% |
1,526,283
+20,532
| +1% | +$131K |
|
|
KS
1411
DELISTED
KapStone Paper and Pack Corp.
KS
| $11.1M | 0.01% |
586,167
-2,195
| -0.4% | -$35.2K |
|
1412
Astronics
ATRO
$3.84B
| $11.1M | 0.01% |
390,327
+7,973
| +2% | +$204K |
|
|
GIMO
1413
DELISTED
Gigamon Inc.
GIMO
| $11.1M | 0.01% |
201,775
+2,527
| +1% | +$115K |
|
|
SC
1414
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $11.1M | 0.01% |
909,296
+144,101
| +19% | +$1.66M |
|
1415
Cogent Communications
CCOI
$508M
| $11.1M | 0.01% |
300,209
+806
| +0.3% | +$31.1K |
|
|
STMP
1416
DELISTED
Stamps.com, Inc.
STMP
| $11M | 0.01% |
116,623
+7,220
| +7% | +$626K |
|
1417
STAG Industrial
STAG
$7.19B
| $11M | 0.01% |
448,986
-1,046
| -0.2% | -$25.6K |
|
|
SFLY
1418
DELISTED
Shutterfly, Inc.
SFLY
| $10.9M | 0.01% |
244,889
+3,054
| +1% | +$151K |
|
1419
Scansource
SCSC
$1.12B
| $10.9M | 0.01% |
297,875
+4,966
| +2% | +$193K |
|
1420
Oil States International
OIS
$491M
| $10.8M | 0.01% |
343,105
+4,259
| +1% | +$131K |
|
|
IPHI
1421
DELISTED
INPHI CORPORATION
IPHI
| $10.8M | 0.01% |
248,862
+4,813
| +2% | +$186K |
|
|
MRC
1422
DELISTED
MRC Global
MRC
| $10.8M | 0.01% |
658,739
+1,312
| +0.2% | +$18.8K |
|
|
FSP
1423
Franklin Street Properties
FSP
$46.8M
| $10.8M | 0.01% |
857,300
+105,360
| +14% | +$1.33M |
|
1424
Towne Bank
TOWN
$3.42B
| $10.8M | 0.01% |
449,508
+9,772
| +2% | +$227K |
|
|
EGOV
1425
DELISTED
NIC Inc
EGOV
| $10.8M | 0.01% |
459,445
+5,669
| +1% | +$131K |
|
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.