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
|
+$145M |
| 2 |
Chubb
CB
|
+$135M |
| 3 |
Microsoft
MSFT
|
+$129M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Johnson & Johnson
JNJ
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$271M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$250M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$244M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$89.3M |
| 5 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 13.53% |
| 4 | Industrials | 9.98% |
| 5 | Consumer Discretionary | 9.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
RWT
1576
Redwood Trust
RWT
$580M
| $7.27K | ﹤0.01% |
555,768
+22,021
| +4% | +$257K |
|
|
NAVG
1577
DELISTED
Navigators Group Inc
NAVG
| $7.26K | ﹤0.01% |
173,192
-1,830
| -1% | -$76.2K |
|
|
DGI
1578
DELISTED
DigitalGlobe Inc.
DGI
| $7.26K | ﹤0.01% |
419,758
-99
| -0% | -$1.48K |
|
|
ZEN
1579
DELISTED
ZENDESK INC
ZEN
| $7.26K | ﹤0.01% |
346,760
+7,544
| +2% | +$153K |
|
1580
Innoviva
INVA
$1.53B
| $7.25K | ﹤0.01% |
576,290
+20,746
| +4% | +$228K |
|
1581
Banner Corp
BANR
$2.4B
| $7.25K | ﹤0.01% |
172,453
-232
| -0.1% | -$9.51K |
|
|
AJRD
1582
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $7.22K | ﹤0.01% |
440,839
+7,169
| +2% | +$112K |
|
|
PMC
1583
DELISTED
PharMerica Corporation
PMC
| $7.21K | ﹤0.01% |
326,353
+69,872
| +27% | +$1.86M |
|
1584
Chemours
CC
$2.57B
| $7.2K | ﹤0.01% |
1,029,085
+35,943
| +4% | +$181K |
|
|
AXON
1585
Axon Enterprise
AXON
$46.4B
| $7.19K | ﹤0.01% |
366,528
+28,464
| +8% | +$488K |
|
1586
Scholastic
SCHL
$794M
| $7.19K | ﹤0.01% |
192,358
+16,183
| +9% | +$577K |
|
1587
Agios Pharmaceuticals
AGIO
$1.82B
| $7.18K | ﹤0.01% |
176,869
+4,325
| +3% | +$185K |
|
1588
Rogers Corp
ROG
$2.24B
| $7.18K | ﹤0.01% |
119,937
+7,363
| +7% | +$371K |
|
|
IRBT
1589
DELISTED
iRobot
IRBT
| $7.18K | ﹤0.01% |
203,358
-6,541
| -3% | -$213K |
|
|
ILG
1590
DELISTED
ILG, Inc Common Stock
ILG
| $7.18K | ﹤0.01% |
497,135
+223,074
| +81% | +$2.89M |
|
1591
AerCap
AER
$24.2B
| $7.18K | ﹤0.01% |
186,572
+20,691
| +12% | +$712K |
|
1592
Dave & Buster's
PLAY
$403M
| $7.18K | ﹤0.01% |
185,054
+15,715
| +9% | +$575K |
|
|
TBI
1593
Trueblue
TBI
$229M
| $7.17K | ﹤0.01% |
274,370
+4,526
| +2% | +$105K |
|
1594
Green Dot
GDOT
$754M
| $7.16K | ﹤0.01% |
311,531
+16,452
| +6% | +$319K |
|
|
ALOG
1595
DELISTED
Analogic Corp
ALOG
| $7.15K | ﹤0.01% |
90,550
+9,342
| +12% | +$700K |
|
1596
Albany International
AIN
$2.13B
| $7.14K | ﹤0.01% |
190,069
+2,832
| +2% | +$99.8K |
|
|
NP
1597
DELISTED
Neenah, Inc. Common Stock
NP
| $7.14K | ﹤0.01% |
112,152
+9,650
| +9% | +$574K |
|
|
LQ
1598
DELISTED
La Quinta Holdings Inc.
LQ
| $7.13K | ﹤0.01% |
570,195
+25,479
| +5% | +$289K |
|
1599
Skywest
SKYW
$4.42B
| $7.12K | ﹤0.01% |
356,270
-26,716
| -7% | -$452K |
|
|
FOLD
1600
DELISTED
Amicus Therapeutics
FOLD
| $7.11K | ﹤0.01% |
841,457
+33,449
| +4% | +$237K |
|
Similar funds
Geode Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Geode Capital Management held 4,210 positions worth $188M, down 100% from $175B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management deployed $3.95B of net new capital in Q1 2016, opening 62 new positions and adding to 2,901 existing holdings. Its largest new stake was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was American International, an estimated $28.8M trimmed.
- Geode Capital Management's largest Q1 2016 buy was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
- Geode Capital Management added most to Apple in Q1 2016, an estimated $145M increase.
- Geode Capital Management's biggest Q1 2016 reduction was American International, cutting an estimated $28.8M.
- Geode Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $271M.
- Geode Capital Management's ten largest holdings make up 18% of its $188M portfolio in Q1 2016.
- Geode Capital Management opened 62 new positions and closed 115 in Q1 2016.
- Geode Capital Management's portfolio value fell 100% quarter-over-quarter to $188M.
Based on Geode Capital Management's 13F filing for Q1 2016, filed 13 May 2016.