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 |
Johnson & Johnson
JNJ
|
+$150M |
| 2 |
Johnson Controls International
JCI
|
+$145M |
| 3 |
ExxonMobil
XOM
|
+$135M |
| 4 |
Apple
AAPL
|
+$129M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$129M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EMC
EMC CORPORATION
EMC
|
+$437M |
| 2 |
TYC
TYCO INTL PLC COM SHS (IRL)
TYC
|
+$146M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$108M |
| 4 |
Danaher
DHR
|
+$103M |
| 5 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$84.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 15.06% |
| 2 | Financials | 14.21% |
| 3 | Healthcare | 14.12% |
| 4 | Industrials | 10.19% |
| 5 | Consumer Discretionary | 9.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AIRM
1601
DELISTED
Air Methods Corp
AIRM
| $8.23M | ﹤0.01% |
261,334
+3,343
| +1% | +$114K |
|
|
CEMP
1602
DELISTED
Cempra, Inc.
CEMP
| $8.22M | ﹤0.01% |
339,699
+29,395
| +9% | +$633K |
|
|
ALOG
1603
DELISTED
Analogic Corp
ALOG
| $8.22M | ﹤0.01% |
92,773
+998
| +1% | +$86.5K |
|
|
HW
1604
DELISTED
Headwaters Inc
HW
| $8.21M | ﹤0.01% |
485,180
+7,106
| +1% | +$131K |
|
1605
Ollie's Bargain Outlet
OLLI
$4.94B
| $8.15M | ﹤0.01% |
310,978
+89,388
| +40% | +$2.33M |
|
1606
Fossil Group
FOSL
$318M
| $8.14M | ﹤0.01% |
293,263
+3,775
| +1% | +$112K |
|
|
UHT
1607
Universal Health Realty Income Trust
UHT
$594M
| $8.14M | ﹤0.01% |
129,113
+22,487
| +21% | +$1.36M |
|
|
NAVG
1608
DELISTED
Navigators Group Inc
NAVG
| $8.11M | ﹤0.01% |
167,312
+2,058
| +1% | +$95.4K |
|
1609
MaxLinear
MXL
$6.8B
| $8.1M | ﹤0.01% |
399,546
-19,866
| -5% | -$390K |
|
|
RPXC
1610
DELISTED
RPX Corporation
RPXC
| $8.1M | ﹤0.01% |
757,661
+939
| +0.1% | +$9.7K |
|
|
DO
1611
DELISTED
Diamond Offshore Drilling
DO
| $8.07M | ﹤0.01% |
458,324
-158,508
| -26% | -$3.18M |
|
1612
Standex International
SXI
$4.12B
| $8.06M | ﹤0.01% |
86,770
+1,679
| +2% | +$147K |
|
|
AYR
1613
DELISTED
Aircastle Ltd
AYR
| $8.06M | ﹤0.01% |
405,769
-1,579
| -0.4% | -$33.1K |
|
1614
Repligen
RGEN
$9.25B
| $8.05M | ﹤0.01% |
266,659
-6,942
| -3% | -$209K |
|
1615
Shutterstock
SSTK
$219M
| $8.04M | ﹤0.01% |
126,249
-3,682
| -3% | -$212K |
|
|
RRD
1616
DELISTED
RR Donnelley & Sons Co.
RRD
| $8.03M | ﹤0.01% |
+170,366
| New | +$8.75M |
|
|
ACOR
1617
DELISTED
Acorda Therapeutics
ACOR
| $8M | ﹤0.01% |
3,195
+174
| +6% | +$519K |
|
|
BPFH
1618
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $7.99M | ﹤0.01% |
622,565
+11,306
| +2% | +$140K |
|
1619
Scholastic
SCHL
$792M
| $7.98M | ﹤0.01% |
202,846
+4,964
| +3% | +$199K |
|
|
SPNC
1620
DELISTED
Spectranetics Corp
SPNC
| $7.97M | ﹤0.01% |
317,858
-5,212
| -2% | -$122K |
|
1621
Kearny Financial
KRNY
$599M
| $7.96M | ﹤0.01% |
584,915
+334,883
| +134% | +$4.48M |
|
1622
Azenta
AZTA
$1.48B
| $7.95M | ﹤0.01% |
583,784
+70,682
| +14% | +$888K |
|
1623
S&T Bancorp
STBA
$1.79B
| $7.95M | ﹤0.01% |
274,088
+2,511
| +0.9% | +$67.6K |
|
|
AERI
1624
DELISTED
Aerie Pharmaceuticals
AERI
| $7.95M | ﹤0.01% |
210,534
+24,940
| +13% | +$550K |
|
1625
Evertec
EVTC
$1.78B
| $7.93M | ﹤0.01% |
472,630
-7,982
| -2% | -$133K |
|
Similar funds
Geode Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Geode Capital Management held 4,151 positions worth $199B, up 8% from $184B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $6.96B of net new capital in Q3 2016, opening 137 new positions and adding to 3,049 existing holdings. Its largest new stake was Fortive: 4,005,895 shares worth $128M.
By sector, the portfolio is most concentrated in Technology at 15% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Danaher, an estimated $103M trimmed.
- Geode Capital Management's largest Q3 2016 buy was Fortive: 4,005,895 shares worth $128M.
- Geode Capital Management added most to Johnson & Johnson in Q3 2016, an estimated $150M increase.
- Geode Capital Management's biggest Q3 2016 reduction was Danaher, cutting an estimated $103M.
- Geode Capital Management fully exited EMC CORPORATION in Q3 2016, selling an estimated $437M.
- Geode Capital Management's ten largest holdings make up 15% of its $199B portfolio in Q3 2016.
- Geode Capital Management opened 137 new positions and closed 123 in Q3 2016.
- Geode Capital Management's portfolio value rose 8% quarter-over-quarter to $199B.
Based on Geode Capital Management's 13F filing for Q3 2016, filed 10 Nov 2016.