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 | |
|---|---|---|---|---|---|---|
|
HT
1776
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $6.42M | ﹤0.01% |
356,492
+8,150
| +2% | +$154K |
|
1777
Team
TISI
$77.7M
| $6.41M | ﹤0.01% |
19,598
+247
| +1% | +$73.1K |
|
|
GES
1778
DELISTED
Guess Inc
GES
| $6.4M | ﹤0.01% |
437,839
+19,706
| +5% | +$298K |
|
1779
Ethan Allen Interiors
ETD
$603M
| $6.37M | ﹤0.01% |
203,835
-2,005
| -1% | -$67.9K |
|
1780
Innoviva
INVA
$1.48B
| $6.37M | ﹤0.01% |
579,677
-7,199
| -1% | -$84K |
|
|
LDL
1781
DELISTED
Lydall, Inc.
LDL
| $6.34M | ﹤0.01% |
124,027
+9,757
| +9% | +$457K |
|
|
NTRI
1782
DELISTED
NutriSystem, Inc.
NTRI
| $6.32M | ﹤0.01% |
213,023
-3,735
| -2% | -$105K |
|
1783
City Holding Co
CHCO
$2.04B
| $6.32M | ﹤0.01% |
125,586
-1,982
| -2% | -$95.9K |
|
|
QUOT
1784
DELISTED
Quotient Technology Inc
QUOT
| $6.31M | ﹤0.01% |
474,023
+19,999
| +4% | +$266K |
|
|
MTGE
1785
DELISTED
MTGE Investment Corp. Common Stock
MTGE
| $6.28M | ﹤0.01% |
365,131
+12,083
| +3% | +$204K |
|
|
SALE
1786
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $6.27M | ﹤0.01% |
634,277
+18,540
| +3% | +$187K |
|
|
OPB
1787
DELISTED
Opus Bank Common Stock
OPB
| $6.27M | ﹤0.01% |
177,317
+6,278
| +4% | +$215K |
|
|
PDLI
1788
DELISTED
PDL BioPharma, Inc.
PDLI
| $6.27M | ﹤0.01% |
1,871,496
+272,005
| +17% | +$863K |
|
|
MYCC
1789
DELISTED
ClubCorp Holdings, Inc.
MYCC
| $6.26M | ﹤0.01% |
432,776
+3,255
| +0.8% | +$47.5K |
|
1790
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $6.26M | ﹤0.01% |
267,879
+22,126
| +9% | +$509K |
|
|
DERM
1791
DELISTED
Dermira, Inc.
DERM
| $6.25M | ﹤0.01% |
184,721
+9,640
| +6% | +$310K |
|
1792
Ingles Markets
IMKTA
$1.67B
| $6.24M | ﹤0.01% |
157,752
-644
| -0.4% | -$24.7K |
|
1793
Vanda Pharmaceuticals
VNDA
$302M
| $6.2M | ﹤0.01% |
372,309
+4,652
| +1% | +$62.6K |
|
|
BMCH
1794
DELISTED
BMC Stock Holdings, Inc
BMCH
| $6.18M | ﹤0.01% |
348,761
+5,665
| +2% | +$110K |
|
1795
Travere Therapeutics
TVTX
$5.78B
| $6.17M | ﹤0.01% |
275,794
+4,989
| +2% | +$95K |
|
1796
TriMas Corp
TRS
$1.44B
| $6.16M | ﹤0.01% |
330,981
+4,224
| +1% | +$78.1K |
|
1797
ICF International
ICFI
$1.72B
| $6.15M | ﹤0.01% |
138,722
+1,972
| +1% | +$82.7K |
|
1798
TriNet
TNET
$3.14B
| $6.14M | ﹤0.01% |
284,001
-110
| -0% | -$2.34K |
|
1799
Rush Enterprises Class A
RUSHA
$6.22B
| $6.14M | ﹤0.01% |
564,478
+6,980
| +1% | +$71.6K |
|
|
LQ
1800
DELISTED
La Quinta Holdings Inc.
LQ
| $6.14M | ﹤0.01% |
548,879
+6,646
| +1% | +$77.2K |
|
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.