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 | |
|---|---|---|---|---|---|---|
1601
LendingTree
TREE
$473M
| $7.1K | ﹤0.01% |
72,621
+7,592
| +12% | +$593K |
|
|
ISCA
1602
DELISTED
International Speedway Corp
ISCA
| $7.06K | ﹤0.01% |
191,341
+3,978
| +2% | +$136K |
|
1603
Halozyme
HALO
$9.84B
| $7.05K | ﹤0.01% |
744,320
-3,104
| -0.4% | -$29.2K |
|
1604
Towne Bank
TOWN
$3.55B
| $7.04K | ﹤0.01% |
366,956
+22,994
| +7% | +$425K |
|
|
BGG
1605
DELISTED
Briggs & Stratton Corp.
BGG
| $7.04K | ﹤0.01% |
294,138
+32,012
| +12% | +$660K |
|
1606
HEICO Corp
HEI
$51.5B
| $7.03K | ﹤0.01% |
285,364
+1,428
| +0.5% | +$32.8K |
|
1607
MiMedx Group
MDXG
$608M
| $7.03K | ﹤0.01% |
804,186
+56,390
| +8% | +$469K |
|
1608
Terreno Realty
TRNO
$7.52B
| $7.02K | ﹤0.01% |
299,502
+27,394
| +10% | +$610K |
|
|
VIVO
1609
DELISTED
Meridian Bioscience Inc
VIVO
| $6.99K | ﹤0.01% |
339,270
+4,288
| +1% | +$84.5K |
|
1610
Artisan Partners
APAM
$3.03B
| $6.99K | ﹤0.01% |
226,669
+4,970
| +2% | +$145K |
|
1611
Ethan Allen Interiors
ETD
$607M
| $6.98K | ﹤0.01% |
219,499
+60,197
| +38% | +$1.68M |
|
|
YDKN
1612
DELISTED
Yadkin Financial Corporation
YDKN
| $6.97K | ﹤0.01% |
294,380
+142,600
| +94% | +$3.22M |
|
1613
BJ's Restaurants
BJRI
$1.45B
| $6.97K | ﹤0.01% |
167,590
-3,984
| -2% | -$170K |
|
1614
Adtran
ADTN
$711M
| $6.96K | ﹤0.01% |
344,117
+5,252
| +2% | +$97.1K |
|
1615
Gray Television
GTN
$438M
| $6.92K | ﹤0.01% |
590,668
+89,596
| +18% | +$1.1M |
|
1616
ESCO Technologies
ESE
$8.45B
| $6.92K | ﹤0.01% |
177,540
+12,262
| +7% | +$434K |
|
1617
Stepan Co
SCL
$1.46B
| $6.92K | ﹤0.01% |
125,148
+5,196
| +4% | +$250K |
|
|
OPB
1618
DELISTED
Opus Bank Common Stock
OPB
| $6.88K | ﹤0.01% |
202,291
+20,311
| +11% | +$669K |
|
|
INOV
1619
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $6.86K | ﹤0.01% |
370,521
+213,336
| +136% | +$3.77M |
|
|
SFR
1620
DELISTED
Starwood Waypoint Homes
SFR
| $6.86K | ﹤0.01% |
277,005
+37,221
| +16% | +$833K |
|
|
KNL
1621
DELISTED
Knoll, Inc.
KNL
| $6.85K | ﹤0.01% |
316,551
+11,411
| +4% | +$214K |
|
1622
Vodafone
VOD
$36.3B
| $6.85K | ﹤0.01% |
213,786
+6,138
| +3% | +$191K |
|
|
CYNO
1623
DELISTED
Cynosure, Inc. Class A
CYNO
| $6.84K | ﹤0.01% |
155,107
+9,127
| +6% | +$358K |
|
1624
Movado Group
MOV
$879M
| $6.83K | ﹤0.01% |
248,210
-9,992
| -4% | -$268K |
|
|
PVA
1625
DELISTED
PENN VIRGINIA CORP
PVA
| $6.81K | ﹤0.01% |
44,204
-367,398
| -89% | -$91.2K |
|
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.