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 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 | 15.39% |
| 2 | Healthcare | 14.53% |
| 3 | Financials | 14.37% |
| 4 | Industrials | 10.28% |
| 5 | Consumer Discretionary | 9.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
151
DELISTED
AvalonBay Communities
AVB
| $259M | 0.13% |
1,456,182
+106,780
| +8% | +$19.2M |
2013 Q2
13 quarters
|
|
152
Ross Stores
ROST
$71B
| $258M | 0.13% |
4,010,806
+288,930
| +8% | +$17.8M |
2013 Q2
13 quarters
|
|
153
DELISTED
Pioneer Natural Resource Co.
PXD
| $257M | 0.13% |
1,385,598
+66,717
| +5% | +$11.4M |
2013 Q2
13 quarters
|
|
154
Intercontinental Exchange
ICE
$87.7B
| $256M | 0.13% |
4,768,870
+154,770
| +3% | +$8.45M |
2013 Q2
13 quarters
|
|
155
Regeneron Pharmaceuticals
REGN
$76.9B
| $256M | 0.13% |
638,541
+1,979
| +0.3% | +$794K |
2013 Q2
13 quarters
|
|
156
Eaton
ETN
$167B
| $255M | 0.13% |
3,882,204
+118,343
| +3% | +$7.65M |
2013 Q2
13 quarters
|
|
157
Air Products & Chemicals
APD
$62.6B
| $255M | 0.13% |
1,842,959
+221,160
| +14% | +$30.7M |
2013 Q2
13 quarters
|
|
158
PG&E
PCG
$39.4B
| $254M | 0.13% |
4,151,772
+195,593
| +5% | +$12.4M |
2013 Q2
13 quarters
|
|
159
Ecolab
ECL
$79B
| $253M | 0.13% |
2,085,499
+58,295
| +3% | +$7.04M |
2013 Q2
13 quarters
|
|
160
Boston Scientific
BSX
$61.9B
| $253M | 0.13% |
10,639,764
+340,296
| +3% | +$8.12M |
2013 Q2
13 quarters
|
|
161
Truist Financial
TFC
$56.3B
| $252M | 0.13% |
6,695,354
+120,141
| +2% | +$4.47M |
2013 Q2
13 quarters
|
|
162
Ventas
VTR
$42.1B
| $252M | 0.13% |
3,567,029
+358,091
| +11% | +$26M |
2013 Q2
13 quarters
|
|
|
ATVI
163
DELISTED
Activision Blizzard
ATVI
| $250M | 0.13% |
5,652,310
+1,458,411
| +35% | +$61.1M |
2013 Q2
13 quarters
|
|
164
Intuitive Surgical
ISRG
$150B
| $250M | 0.13% |
3,105,891
+137,052
| +5% | +$10.5M |
2013 Q2
13 quarters
|
|
165
CSX Corp
CSX
$87.5B
| $249M | 0.13% |
24,578,820
+897,072
| +4% | +$8.48M |
2013 Q2
13 quarters
|
|
166
Edwards Lifesciences
EW
$49.1B
| $248M | 0.12% |
6,167,778
+312,480
| +5% | +$11.8M |
2013 Q2
13 quarters
|
|
167
DELISTED
Spectra Energy Corp Wi
SE
| $247M | 0.12% |
5,782,555
+417,624
| +8% | +$15.9M |
2013 Q2
13 quarters
|
|
168
Cognizant
CTSH
$26.7B
| $245M | 0.12% |
5,135,560
+133,007
| +3% | +$7.57M |
2013 Q2
13 quarters
|
|
169
Valero Energy
VLO
$125B
| $242M | 0.12% |
4,573,437
+212,470
| +5% | +$11.3M |
2013 Q2
13 quarters
|
|
170
HP
HPQ
$27.2B
| $239M | 0.12% |
15,417,033
+551,805
| +4% | +$7.87M |
2013 Q2
13 quarters
|
|
171
Delta Air Lines
DAL
$54B
| $239M | 0.12% |
6,069,651
+138,696
| +2% | +$5.25M |
2013 Q2
13 quarters
|
|
172
PPG Industries
PPG
$23.1B
| $237M | 0.12% |
2,299,299
-45,794
| -2% | -$4.8M |
2013 Q2
13 quarters
|
|
173
DELISTED
Electronic Arts
EA
| $237M | 0.12% |
2,780,166
-69,385
| -2% | -$5.55M |
2013 Q2
13 quarters
|
|
174
Weyerhaeuser
WY
$13.8B
| $236M | 0.12% |
7,398,291
+324,045
| +5% | +$10.2M |
2013 Q2
13 quarters
|
|
175
Aon
AON
$58B
| $235M | 0.12% |
2,097,053
+53,559
| +3% | +$5.91M |
2013 Q2
13 quarters
|
|
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 $6.98B of net new capital in Q3 2016, opening 137 new positions and adding to 3,050 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 Healthcare and Financials.
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.