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 |
Eversource Energy
ES
|
+$124M |
| 2 |
Equinix
EQIX
|
+$116M |
| 3 |
Qorvo
QRVO
|
+$92.4M |
| 4 |
RAI
Reynolds American Inc
RAI
|
+$61.4M |
| 5 |
AbbVie
ABBV
|
+$58.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$901M |
| 2 |
LO
LORILLARD INC COM STK
LO
|
+$182M |
| 3 |
Monster Beverage
MNST
|
+$168M |
| 4 |
PCYC
PHARMACYCLICS INC
PCYC
|
+$89.9M |
| 5 |
TGNA
TEGNA Inc
TGNA
|
+$66M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.29% |
| 2 | Healthcare | 14.9% |
| 3 | Technology | 14.58% |
| 4 | Industrials | 10.38% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SCHW
126
Charles Schwab
SCHW
$188B
| $283M | 0.16% |
8,700,368
-141,700
| -2% | -$4.48M |
|
|
YHOO
127
DELISTED
Yahoo Inc
YHOO
| $277M | 0.16% |
7,058,926
+16,939
| +0.2% | +$728K |
|
128
Kroger
KR
$34.7B
| $266M | 0.15% |
7,359,398
-499,294
| -6% | -$18.2M |
|
129
Public Storage
PSA
$61.1B
| $266M | 0.15% |
1,445,885
+62,172
| +4% | +$11.9M |
|
130
Broadcom
AVGO
$1.99T
| $265M | 0.15% |
19,953,770
-418,980
| -2% | -$5.49M |
|
131
Valero Energy
VLO
$87.1B
| $264M | 0.15% |
4,226,933
-52,878
| -1% | -$3.12M |
|
|
PX
132
DELISTED
Praxair Inc
PX
| $263M | 0.15% |
2,200,267
+52,256
| +2% | +$6.37M |
|
133
Chubb
CB
$136B
| $257M | 0.15% |
2,530,904
-32,287
| -1% | -$3.48M |
|
134
General Mills
GIS
$19.2B
| $257M | 0.15% |
4,617,499
+109,015
| +2% | +$6.11M |
|
135
Deere & Co
DE
$165B
| $253M | 0.14% |
2,615,573
+10,154
| +0.4% | +$924K |
|
136
Archer Daniels Midland
ADM
$37.4B
| $251M | 0.14% |
5,209,869
-75,986
| -1% | -$3.83M |
|
137
Delta Air Lines
DAL
$61.3B
| $250M | 0.14% |
6,105,799
-237,635
| -4% | -$10.4M |
|
138
Travelers Companies
TRV
$79.8B
| $249M | 0.14% |
2,582,048
-10,118
| -0.4% | -$1.04M |
|
139
Johnson Controls International
JCI
$93.1B
| $247M | 0.14% |
4,781,009
-13,207
| -0.3% | -$707K |
|
140
Northrop Grumman
NOC
$79.2B
| $247M | 0.14% |
1,559,253
+17,718
| +1% | +$2.84M |
|
141
CSX Corp
CSX
$94.7B
| $246M | 0.14% |
22,651,569
-266,475
| -1% | -$3.09M |
|
|
RTN
142
DELISTED
Raytheon Company
RTN
| $245M | 0.14% |
2,566,749
+77,890
| +3% | +$8.16M |
|
143
State Street
STT
$51.4B
| $243M | 0.14% |
3,166,049
-20,815
| -0.7% | -$1.62M |
|
144
Eaton
ETN
$174B
| $243M | 0.14% |
3,601,228
-54,383
| -1% | -$3.84M |
|
145
Equity Residential
EQR
$25.4B
| $239M | 0.14% |
3,411,089
+40,055
| +1% | +$2.97M |
|
146
CME Group
CME
$95.2B
| $238M | 0.14% |
2,567,292
+21,526
| +0.8% | +$2.01M |
|
147
Marathon Petroleum
MPC
$86.9B
| $237M | 0.14% |
4,543,466
+111,286
| +3% | +$5.66M |
|
148
Vertex Pharmaceuticals
VRTX
$123B
| $234M | 0.13% |
1,900,932
-21,862
| -1% | -$2.75M |
|
149
Illinois Tool Works
ITW
$85.5B
| $234M | 0.13% |
2,554,043
-49,164
| -2% | -$4.68M |
|
|
RAI
150
DELISTED
Reynolds American Inc
RAI
| $234M | 0.13% |
6,274,058
+1,638,818
| +35% | +$61.4M |
|
Similar funds
Geode Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Geode Capital Management held 4,062 positions worth $175B, up 0.12% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q2 2015 filing shows 109 new, 2,831 increased, 660 reduced and 104 closed positions. Its largest new stake was Eversource Energy: 2,548,587 shares worth $116M. The largest sale was Allergan plc, an estimated $901M.
By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q2 2015 buy was Eversource Energy: 2,548,587 shares worth $116M.
- Geode Capital Management added most to Reynolds American Inc in Q2 2015, an estimated $61.4M increase.
- Geode Capital Management's biggest Q2 2015 reduction was Apple, cutting an estimated $41.7M.
- Geode Capital Management fully exited Allergan plc in Q2 2015, selling an estimated $901M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q2 2015.
- Geode Capital Management opened 109 new positions and closed 104 in Q2 2015.
- Geode Capital Management's portfolio value rose 0.12% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.