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 |
Apple
AAPL
|
+$227M |
| 2 |
Microsoft
MSFT
|
+$183M |
| 3 |
Meta Platforms (Facebook)
META
|
+$179M |
| 4 |
PepsiCo
PEP
|
+$149M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$138M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BCR
CR Bard Inc.
BCR
|
+$243M |
| 2 |
LVLT
Level 3 Communications Inc
LVLT
|
+$163M |
| 3 |
KITE
Kite Pharma, Inc.
KITE
|
+$85.5M |
| 4 |
SFR
Starwood Waypoint Homes
SFR
|
+$45.3M |
| 5 |
BRCD
Brocade Communications Systems, Inc. NEW
BRCD
|
+$42.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.85% |
| 2 | Financials | 16.38% |
| 3 | Healthcare | 13.22% |
| 4 | Industrials | 10.47% |
| 5 | Consumer Discretionary | 9.62% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Becton Dickinson
BDX
$46.2B
| $473M | 0.16% |
2,271,846
+74,167
| +3% | +$15.5M |
|
127
Emerson Electric
EMR
$83B
| $453M | 0.15% |
6,517,186
+185,335
| +3% | +$12M |
|
|
MRSH
128
Marsh
MRSH
$94B
| $449M | 0.15% |
5,533,883
+145,805
| +3% | +$12.1M |
|
129
Valero Energy
VLO
$90.5B
| $445M | 0.15% |
4,853,651
+72,930
| +2% | +$6.02M |
|
130
LyondellBasell Industries
LYB
$19.6B
| $443M | 0.15% |
4,026,783
+49,190
| +1% | +$5.1M |
|
131
Prologis
PLD
$136B
| $441M | 0.15% |
6,849,783
+280,857
| +4% | +$18.3M |
|
132
Marriott International
MAR
$101B
| $436M | 0.15% |
3,221,339
+61,967
| +2% | +$7.61M |
|
133
Crown Castle
CCI
$34.1B
| $431M | 0.15% |
3,893,575
+131,806
| +4% | +$14.2M |
|
134
Phillips 66
PSX
$83.5B
| $431M | 0.15% |
4,266,192
+114,191
| +3% | +$10.9M |
|
|
PX
135
DELISTED
Praxair Inc
PX
| $429M | 0.15% |
2,781,294
+89,525
| +3% | +$13.3M |
|
136
Cognizant
CTSH
$26.6B
| $426M | 0.14% |
6,005,499
+209,232
| +4% | +$15.3M |
|
137
S&P Global
SPGI
$125B
| $417M | 0.14% |
2,466,870
+81,119
| +3% | +$13.2M |
|
138
Halliburton
HAL
$26.2B
| $416M | 0.14% |
8,541,673
+107,367
| +1% | +$4.73M |
|
139
Norfolk Southern
NSC
$75.7B
| $408M | 0.14% |
2,819,766
+58,309
| +2% | +$7.83M |
|
140
Exelon
EXC
$47.9B
| $405M | 0.14% |
14,447,895
+277,058
| +2% | +$7.96M |
|
141
Allstate
ALL
$70.2B
| $405M | 0.14% |
3,877,024
+171,153
| +5% | +$16.9M |
|
142
Target
TGT
$66.9B
| $401M | 0.14% |
6,161,995
+109,029
| +2% | +$6.58M |
|
143
Intercontinental Exchange
ICE
$87.7B
| $398M | 0.14% |
5,657,155
+158,173
| +3% | +$10.9M |
|
144
Public Storage
PSA
$61.9B
| $397M | 0.13% |
1,903,764
+75,518
| +4% | +$16M |
|
145
HP
HPQ
$26.4B
| $394M | 0.13% |
18,775,726
+453,513
| +2% | +$9.65M |
|
|
TFCFA
146
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $393M | 0.13% |
11,411,584
+375,620
| +3% | +$11.2M |
|
147
Vertex Pharmaceuticals
VRTX
$124B
| $390M | 0.13% |
2,607,251
+105,683
| +4% | +$15.6M |
|
148
Truist Financial
TFC
$64.5B
| $388M | 0.13% |
7,831,306
+51,728
| +0.7% | +$2.5M |
|
149
eBay
EBAY
$51.6B
| $388M | 0.13% |
10,313,742
-113,848
| -1% | -$4.23M |
|
150
Marathon Petroleum
MPC
$90.4B
| $387M | 0.13% |
5,870,292
+367,650
| +7% | +$22.5M |
|
Similar funds
Geode Capital Management's Q4 2017 Portfolio in Review
As of Q4 2017, Geode Capital Management held 4,142 positions worth $294B, up 8.7% from $271B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management's Q4 2017 filing shows 98 new, 2,556 increased, 827 reduced and 120 closed positions. Its largest new stake was Delphi Technologies PLC Ordinary Shares: 742,921 shares worth $39M. The largest sale was CR Bard Inc., an estimated $243M.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2017 buy was Delphi Technologies PLC Ordinary Shares: 742,921 shares worth $39M.
- Geode Capital Management added most to Apple in Q4 2017, an estimated $227M increase.
- Geode Capital Management's biggest Q4 2017 reduction was Goldman Sachs, cutting an estimated $23.7M.
- Geode Capital Management fully exited CR Bard Inc. in Q4 2017, selling an estimated $243M.
- Geode Capital Management's ten largest holdings make up 17% of its $294B portfolio in Q4 2017.
- Geode Capital Management opened 98 new positions and closed 120 in Q4 2017.
- Geode Capital Management's portfolio value rose 8.7% quarter-over-quarter to $294B.
Based on Geode Capital Management's 13F filing for Q4 2017, filed 13 Feb 2018.