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 | |
|---|---|---|---|---|---|---|
1701
Piper Sandler
PIPR
$5.13B
| $10.1M | ﹤0.01% |
683,440
+31,668
| +5% | +$467K |
|
|
GNCMA
1702
DELISTED
GCI Liberty, Inc. Class A-1 Common Stock
GNCMA
| $10.1M | ﹤0.01% |
248,505
+13,573
| +6% | +$554K |
|
1703
Dillards
DDS
$9.57B
| $10.1M | ﹤0.01% |
180,705
-1,917
| -1% | -$118K |
|
1704
Asbury Automotive
ABG
$4.24B
| $10.1M | ﹤0.01% |
165,571
-1,709
| -1% | -$94.4K |
|
|
CVGW
1705
DELISTED
Calavo Growers
CVGW
| $10.1M | ﹤0.01% |
138,190
+3,501
| +3% | +$248K |
|
1706
AeroVironment
AVAV
$8.06B
| $10.1M | ﹤0.01% |
186,422
+7,429
| +4% | +$316K |
|
1707
Chesapeake Utilities
CPK
$3.21B
| $10.1M | ﹤0.01% |
128,906
+3,052
| +2% | +$239K |
|
1708
Chegg
CHGG
$114M
| $10.1M | ﹤0.01% |
679,312
+145,987
| +27% | +$2.08M |
|
1709
Astronics
ATRO
$3.51B
| $10.1M | ﹤0.01% |
467,025
-126
| -0% | -$2.57K |
|
1710
Seaboard Corp
SEB
$4.21B
| $10M | ﹤0.01% |
2,228
-31
| -1% | -$132K |
|
1711
Federal Signal
FSS
$7.88B
| $10M | ﹤0.01% |
471,188
+13,443
| +3% | +$252K |
|
1712
SPX Corp
SPXC
$10.7B
| $10M | ﹤0.01% |
341,558
+13,697
| +4% | +$360K |
|
1713
Matsons
MATX
$6.28B
| $10M | ﹤0.01% |
355,454
+21,648
| +6% | +$604K |
|
|
WW
1714
DELISTED
WW International
WW
| $10M | ﹤0.01% |
229,974
+5,169
| +2% | +$215K |
|
|
RDUS
1715
DELISTED
Radius Recycling
RDUS
| $9.98M | ﹤0.01% |
354,674
+103,960
| +41% | +$2.72M |
|
1716
AAR Corp
AIR
$5.71B
| $9.95M | ﹤0.01% |
263,446
+12,764
| +5% | +$462K |
|
1717
Safety Insurance
SAFT
$1.51B
| $9.94M | ﹤0.01% |
130,210
+2,919
| +2% | +$208K |
|
|
MTGE
1718
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $9.9M | ﹤0.01% |
510,317
+30,046
| +6% | +$574K |
|
|
RPT
1719
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $9.89M | ﹤0.01% |
760,505
+15,080
| +2% | +$202K |
|
|
PKY
1720
DELISTED
Parkway, Inc.
PKY
| $9.87M | ﹤0.01% |
428,765
+8,261
| +2% | +$190K |
|
|
INOV
1721
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $9.87M | ﹤0.01% |
578,640
+10,948
| +2% | +$153K |
|
|
B
1722
Barrick Mining
B
$62.6B
| $9.84M | ﹤0.01% |
616,360
+12,729
| +2% | +$213K |
|
|
AYR
1723
DELISTED
Aircastle Ltd
AYR
| $9.82M | ﹤0.01% |
440,655
+7,118
| +2% | +$158K |
|
1724
AMERISAFE
AMSF
$564M
| $9.79M | ﹤0.01% |
168,315
+3,291
| +2% | +$185K |
|
1725
Coca-Cola Consolidated
COKE
$12B
| $9.78M | ﹤0.01% |
453,510
-18,200
| -4% | -$402K |
|
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.