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 |
Kinder Morgan
KMI
|
+$304M |
| 2 |
Microsoft
MSFT
|
+$131M |
| 3 |
Meta Platforms (Facebook)
META
|
+$127M |
| 4 |
Apple
AAPL
|
+$106M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agilent Technologies
A
|
+$35.5M |
| 2 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$31M |
| 3 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$30.1M |
| 4 |
Automatic Data Processing
ADP
|
+$25.7M |
| 5 |
URS
URS CORP
URS
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.59% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 14.21% |
| 4 | Industrials | 10.66% |
| 5 | Consumer Discretionary | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
CNA Financial
CNA
$14.5B
| $7.72M | ﹤0.01% |
199,443
+14,825
| +8% | +$569K |
|
1527
Park National Corp
PRK
$3.75B
| $7.71M | ﹤0.01% |
87,137
+1,903
| +2% | +$157K |
|
|
ABAX
1528
DELISTED
Abaxis Inc
ABAX
| $7.69M | ﹤0.01% |
135,326
+8,430
| +7% | +$453K |
|
1529
Rambus
RMBS
$10B
| $7.69M | ﹤0.01% |
693,230
-100,689
| -13% | -$1.14M |
|
|
SPWR
1530
DELISTED
SunPower Corporation Common Stock
SPWR
| $7.68M | ﹤0.01% |
453,980
+39,731
| +10% | +$737K |
|
|
ROSE
1531
DELISTED
ROSETTA RESOURCES INC
ROSE
| $7.66M | ﹤0.01% |
343,391
+7,990
| +2% | +$259K |
|
1532
HEICO Corp Class A
HEI.A
$36.6B
| $7.65M | ﹤0.01% |
315,598
-19,939
| -6% | -$454K |
|
1533
KB Home
KBH
$3.45B
| $7.63M | ﹤0.01% |
461,236
+3,285
| +0.7% | +$52.8K |
|
|
PLKI
1534
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $7.63M | ﹤0.01% |
135,579
+2,568
| +2% | +$127K |
|
|
TIVO
1535
DELISTED
TIVO INC
TIVO
| $7.61M | ﹤0.01% |
642,746
-135,301
| -17% | -$1.69M |
|
|
NPBC
1536
DELISTED
NATL PENN BANCSHARES INC
NPBC
| $7.58M | ﹤0.01% |
720,694
+33,412
| +5% | +$337K |
|
|
SLCA
1537
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $7.58M | ﹤0.01% |
294,956
-717
| -0.2% | -$28.3K |
|
1538
Blackstone Mortgage Trust
BXMT
$2.46B
| $7.57M | ﹤0.01% |
259,825
+50,252
| +24% | +$1.42M |
|
1539
PTC Therapeutics
PTCT
$5.68B
| $7.56M | ﹤0.01% |
146,088
+16,134
| +12% | +$710K |
|
1540
Westamerica Bancorp
WABC
$1.39B
| $7.54M | ﹤0.01% |
153,713
+1,307
| +0.9% | +$62.8K |
|
|
KERX
1541
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $7.53M | ﹤0.01% |
532,270
+9,288
| +2% | +$144K |
|
|
DRII
1542
DELISTED
DIAMOND RESORTS INTL, INC
DRII
| $7.53M | ﹤0.01% |
269,928
+25,572
| +10% | +$630K |
|
|
LOGM
1543
DELISTED
LogMein, Inc.
LOGM
| $7.49M | ﹤0.01% |
151,737
-3,760
| -2% | -$180K |
|
1544
Meritage Homes
MTH
$4.71B
| $7.48M | ﹤0.01% |
415,546
+1,418
| +0.3% | +$25.9K |
|
1545
Churchill Downs
CHDN
$5.82B
| $7.47M | ﹤0.01% |
470,136
+9,348
| +2% | +$152K |
|
|
ARR
1546
Armour Residential REIT
ARR
$2.31B
| $7.46M | ﹤0.01% |
50,716
+382
| +0.8% | +$59.5K |
|
1547
Acco Brands
ACCO
$399M
| $7.46M | ﹤0.01% |
827,944
+50,958
| +7% | +$420K |
|
1548
Cato Corp
CATO
$69.3M
| $7.44M | ﹤0.01% |
176,504
+8,036
| +5% | +$302K |
|
1549
NETGEAR
NTGR
$648M
| $7.44M | ﹤0.01% |
209,139
+1,935
| +0.9% | +$65.5K |
|
1550
Trex
TREX
$4.66B
| $7.43M | ﹤0.01% |
698,516
+4,424
| +0.6% | +$44.1K |
|
Similar funds
Geode Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Geode Capital Management held 4,051 positions worth $168B, up 9% from $154B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $5.23B of net new capital in Q4 2014, opening 130 new positions and adding to 2,924 existing holdings. Its largest new stake was CDK Global, Inc.: 836,934 shares worth $34.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Agilent Technologies, an estimated $35.5M trimmed.
- Geode Capital Management's largest Q4 2014 buy was CDK Global, Inc.: 836,934 shares worth $34.1M.
- Geode Capital Management added most to Kinder Morgan in Q4 2014, an estimated $304M increase.
- Geode Capital Management's biggest Q4 2014 reduction was Agilent Technologies, cutting an estimated $35.5M.
- Geode Capital Management fully exited CONCUR TECHNOLOGIES INC in Q4 2014, selling an estimated $31M.
- Geode Capital Management's ten largest holdings make up 15% of its $168B portfolio in Q4 2014.
- Geode Capital Management opened 130 new positions and closed 76 in Q4 2014.
- Geode Capital Management's portfolio value rose 9% quarter-over-quarter to $168B.
Based on Geode Capital Management's 13F filing for Q4 2014, filed 12 Feb 2015.