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 |
AGN
Allergan plc
AGN
|
+$963M |
| 2 |
The Kraft Heinz Company
KHC
|
+$367M |
| 3 |
PayPal
PYPL
|
+$328M |
| 4 |
AT&T
T
|
+$279M |
| 5 |
Monster Beverage
MNST
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$394M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$366M |
| 3 |
eBay
EBAY
|
+$327M |
| 4 |
Comcast
CMCSA
|
+$172M |
| 5 |
Baxter International
BAX
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.51% |
| 2 | Healthcare | 15.14% |
| 3 | Technology | 14.58% |
| 4 | Industrials | 10.27% |
| 5 | Consumer Discretionary | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
Becton Dickinson
BDX
$52B
| $217M | 0.13% |
1,677,324
+22,892
| +1% | +$3.2M |
2013 Q2
9 quarters
|
|
152
Archer Daniels Midland
ADM
$40B
| $216M | 0.13% |
5,216,261
+6,392
| +0.1% | +$292K |
2013 Q2
9 quarters
|
|
153
Marsh
MRSH
$89.4B
| $215M | 0.13% |
4,118,095
+1,614
| +0% | +$90.1K |
2013 Q2
9 quarters
|
|
154
State Street
STT
$45B
| $213M | 0.13% |
3,172,405
+6,356
| +0.2% | +$473K |
2013 Q2
9 quarters
|
|
155
Crown Castle
CCI
$35.1B
| $210M | 0.13% |
2,670,796
+21,537
| +0.8% | +$1.75M |
2013 Q2
9 quarters
|
|
156
Marathon Petroleum
MPC
$134B
| $210M | 0.13% |
4,544,219
+753
| +0% | +$38.8K |
2013 Q2
9 quarters
|
|
157
Johnson Controls International
JCI
$88.5B
| $208M | 0.13% |
4,818,953
+37,944
| +0.8% | +$1.75M |
2013 Q2
9 quarters
|
|
158
Cardinal Health
CAH
$58.4B
| $208M | 0.13% |
2,706,286
+17,115
| +0.6% | +$1.43M |
2013 Q2
9 quarters
|
|
|
YHOO
159
DELISTED
Yahoo Inc
YHOO
| $205M | 0.12% |
7,113,073
+54,147
| +0.8% | +$1.88M |
2013 Q2
9 quarters
|
|
160
Illinois Tool Works
ITW
$77.4B
| $205M | 0.12% |
2,496,458
-57,585
| -2% | -$5.04M |
2013 Q2
9 quarters
|
|
161
Intercontinental Exchange
ICE
$89.3B
| $205M | 0.12% |
4,370,115
+6,925
| +0.2% | +$320K |
2013 Q2
9 quarters
|
|
162
Southwest Airlines
LUV
$19.5B
| $205M | 0.12% |
5,384,357
-17,112
| -0.3% | -$632K |
2013 Q2
9 quarters
|
|
163
O'Reilly Automotive
ORLY
$72.2B
| $204M | 0.12% |
12,258,045
-97,110
| -0.8% | -$1.57M |
2013 Q2
9 quarters
|
|
164
CSX Corp
CSX
$89.7B
| $204M | 0.12% |
22,767,765
+116,196
| +0.5% | +$1.14M |
2013 Q2
9 quarters
|
|
165
American Airlines Group
AAL
$7.92B
| $204M | 0.12% |
5,254,557
-149,343
| -3% | -$6.13M |
2013 Q4
7 quarters
|
|
166
PG&E
PCG
$39.2B
| $203M | 0.12% |
3,850,898
-7,646
| -0.2% | -$391K |
2013 Q2
9 quarters
|
|
167
Intuit
INTU
$86.1B
| $202M | 0.12% |
2,282,483
+30,346
| +1% | +$2.95M |
2013 Q2
9 quarters
|
|
168
Humana
HUM
$50.1B
| $201M | 0.12% |
1,127,531
+2,476
| +0.2% | +$458K |
2013 Q2
9 quarters
|
|
169
Aflac
AFL
$59.7B
| $201M | 0.12% |
6,922,032
+37,604
| +0.5% | +$1.14M |
2013 Q2
9 quarters
|
|
170
Vertex Pharmaceuticals
VRTX
$127B
| $199M | 0.12% |
1,916,466
+15,534
| +0.8% | +$2M |
2013 Q2
9 quarters
|
|
171
Prologis
PLD
$120B
| $192M | 0.12% |
4,950,158
+2,515
| +0.1% | +$98.4K |
2013 Q2
9 quarters
|
|
172
DELISTED
Discover Financial Services
DFS
| $192M | 0.12% |
3,692,575
+34,276
| +0.9% | +$1.88M |
2013 Q2
9 quarters
|
|
173
Aon
AON
$61.5B
| $191M | 0.12% |
2,165,507
+10,519
| +0.5% | +$1.02M |
2013 Q2
9 quarters
|
|
174
HCA Healthcare
HCA
$99.5B
| $191M | 0.12% |
2,472,259
+137,417
| +6% | +$12.2M |
2013 Q2
9 quarters
|
|
175
Williams Companies
WMB
$85.7B
| $190M | 0.12% |
5,172,622
+86,538
| +2% | +$4.31M |
2013 Q2
9 quarters
|
|
Similar funds
Geode Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Geode Capital Management held 4,216 positions worth $165B, down 5.9% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q3 2015 filing shows 234 new, 2,897 increased, 624 reduced and 88 closed positions. Its largest new stake was Allergan plc: 3,134,775 shares worth $850M. The largest sale was KRAFT FOODS GROUP INC COM STK (VA), an estimated $394M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q3 2015 buy was Allergan plc: 3,134,775 shares worth $850M.
- Geode Capital Management added most to AT&T in Q3 2015, an estimated $279M increase.
- Geode Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $327M.
- Geode Capital Management fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $394M.
- Geode Capital Management's ten largest holdings make up 15% of its $165B portfolio in Q3 2015.
- Geode Capital Management opened 234 new positions and closed 88 in Q3 2015.
- Geode Capital Management's portfolio value fell 5.9% quarter-over-quarter to $165B.
Based on Geode Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.