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 |
DuPont de Nemours
DD
|
+$744M |
| 2 |
Baker Hughes
BKR
|
+$156M |
| 3 |
Walt Disney
DIS
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$124M |
| 5 |
Apple
AAPL
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$658M |
| 2 |
RAI
Reynolds American Inc
RAI
|
+$502M |
| 3 |
BHI
Baker Hughes
BHI
|
+$236M |
| 4 |
WFM
Whole Foods Market Inc
WFM
|
+$155M |
| 5 |
SPLS
Staples Inc
SPLS
|
+$73.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.32% |
| 2 | Financials | 16.15% |
| 3 | Healthcare | 13.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
HTLF
1626
DELISTED
Heartland Financial USA, Inc.
HTLF
| $11.1M | ﹤0.01% |
225,155
+24,438
| +12% | +$1.12M |
|
1627
Cavco Industries
CVCO
$4.21B
| $11.1M | ﹤0.01% |
75,318
+1,389
| +2% | +$185K |
|
1628
First Commonwealth Financial
FCF
$2.2B
| $11.1M | ﹤0.01% |
786,129
+32,434
| +4% | +$418K |
|
|
LKSD
1629
DELISTED
LSC Communications, Inc.
LKSD
| $11.1M | ﹤0.01% |
672,541
+119,890
| +22% | +$2.15M |
|
1630
G-III Apparel Group
GIII
$1.54B
| $11.1M | ﹤0.01% |
382,213
+13,092
| +4% | +$345K |
|
|
RWT
1631
Redwood Trust
RWT
$580M
| $11.1M | ﹤0.01% |
679,028
-41,700
| -6% | -$699K |
|
1632
Strategy Inc
MSTR
$34.7B
| $11M | ﹤0.01% |
863,780
+38,730
| +5% | +$563K |
|
1633
ePlus
PLUS
$2.45B
| $11M | ﹤0.01% |
238,282
+9,832
| +4% | +$401K |
|
|
CYS
1634
DELISTED
CYS Investments Inc.
CYS
| $11M | ﹤0.01% |
1,274,329
+79,210
| +7% | +$683K |
|
1635
Varex Imaging
VREX
$502M
| $11M | ﹤0.01% |
324,436
+5,879
| +2% | +$184K |
|
|
LHCG
1636
DELISTED
LHC Group LLC
LHCG
| $11M | ﹤0.01% |
154,639
+19,795
| +15% | +$1.27M |
|
1637
Comfort Systems
FIX
$62.3B
| $11M | ﹤0.01% |
306,871
+6,355
| +2% | +$220K |
|
|
GTLS
1638
DELISTED
Chart Industries
GTLS
| $10.9M | ﹤0.01% |
279,141
+5,448
| +2% | +$191K |
|
1639
Boise Cascade
BCC
$2.92B
| $10.9M | ﹤0.01% |
313,396
+15,494
| +5% | +$471K |
|
1640
Akebia Therapeutics
AKBA
$351M
| $10.9M | ﹤0.01% |
555,917
+227,736
| +69% | +$3.5M |
|
1641
Lakeland Financial Corp
LKFN
$1.56B
| $10.9M | ﹤0.01% |
223,729
+4,567
| +2% | +$206K |
|
|
OPTU
1642
Optimum Communications Inc
OPTU
$336M
| $10.9M | ﹤0.01% |
+398,528
| New | +$12.2M |
|
|
NGHC
1643
DELISTED
National General Holdings Corp
NGHC
| $10.9M | ﹤0.01% |
569,146
+28,518
| +5% | +$544K |
|
1644
Universal Insurance Holdings
UVE
$1.23B
| $10.9M | ﹤0.01% |
472,249
-6,466
| -1% | -$147K |
|
|
NTUS
1645
DELISTED
Natus Medical Inc
NTUS
| $10.8M | ﹤0.01% |
289,266
-83,928
| -22% | -$2.96M |
|
1646
Q2 Holdings
QTWO
$3.89B
| $10.8M | ﹤0.01% |
260,319
+32,980
| +15% | +$1.29M |
|
1647
Standex International
SXI
$3.78B
| $10.8M | ﹤0.01% |
102,068
+2,243
| +2% | +$214K |
|
|
EPAY
1648
DELISTED
Bottomline Technologies Inc
EPAY
| $10.8M | ﹤0.01% |
340,237
+5,529
| +2% | +$161K |
|
1649
Acco Brands
ACCO
$399M
| $10.8M | ﹤0.01% |
907,895
+18,612
| +2% | +$212K |
|
|
WEB
1650
DELISTED
Web.com Group, Inc.
WEB
| $10.8M | ﹤0.01% |
431,487
+7,090
| +2% | +$170K |
|
Similar funds
Geode Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Geode Capital Management held 4,158 positions worth $271B, up 6.5% from $254B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 4.7%. Geode Capital Management opened 87 new positions and exited 109, leaving the 4,158-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2017 buy was Baker Hughes: 4,388,225 shares worth $160M.
- Geode Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $744M increase.
- Geode Capital Management's biggest Q3 2017 reduction was Hewlett Packard, cutting an estimated $61.7M.
- Geode Capital Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $658M.
- Geode Capital Management's ten largest holdings make up 16% of its $271B portfolio in Q3 2017.
- Geode Capital Management opened 87 new positions and closed 109 in Q3 2017.
- Geode Capital Management's portfolio value rose 6.5% quarter-over-quarter to $271B.
Based on Geode Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.