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 | |
|---|---|---|---|---|---|---|
|
LCI
1826
DELISTED
Lannett Company, Inc.
LCI
| $5.88M | ﹤0.01% |
55,379
+2,630
| +5% | +$321K |
|
|
OSG
1827
Octave Specialty Group
OSG
$222M
| $5.88M | ﹤0.01% |
319,912
+8,228
| +3% | +$148K |
|
1828
Cavco Industries
CVCO
$4.55B
| $5.88M | ﹤0.01% |
59,391
+729
| +1% | +$72.7K |
|
|
KND
1829
DELISTED
Kindred Healthcare
KND
| $5.88M | ﹤0.01% |
575,530
+8,114
| +1% | +$90.1K |
|
|
BOBE
1830
DELISTED
Bob Evans Farms, Inc.
BOBE
| $5.88M | ﹤0.01% |
153,573
+15,905
| +12% | +$599K |
|
1831
Banc of California
BANC
$2.97B
| $5.88M | ﹤0.01% |
336,603
+20,374
| +6% | +$423K |
|
|
CBPX
1832
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $5.87M | ﹤0.01% |
279,725
+3,465
| +1% | +$77.9K |
|
1833
Tootsie Roll Industries
TR
$2.98B
| $5.87M | ﹤0.01% |
214,134
-4,381
| -2% | -$122K |
|
1834
Cohen & Steers
CNS
$4.3B
| $5.87M | ﹤0.01% |
137,259
-305
| -0.2% | -$12.9K |
|
1835
Alamo Group
ALG
$2.05B
| $5.85M | ﹤0.01% |
88,775
-160
| -0.2% | -$10.4K |
|
|
MTSC
1836
DELISTED
MTS Systems Corp
MTSC
| $5.84M | ﹤0.01% |
126,964
-1,703
| -1% | -$80.2K |
|
|
ATSG
1837
DELISTED
Air Transport Services Group
ATSG
| $5.82M | ﹤0.01% |
405,318
-3,174
| -0.8% | -$44.6K |
|
|
APOL
1838
DELISTED
Apollo Education Group Inc Class A
APOL
| $5.82M | ﹤0.01% |
731,636
+28,393
| +4% | +$247K |
|
|
SHOE
1839
Shoe Station Group
SHOE
$428M
| $5.81M | ﹤0.01% |
436,224
+101,996
| +31% | +$1.37M |
|
1840
Coherus Oncology
CHRS
$196M
| $5.79M | ﹤0.01% |
216,161
+10,696
| +5% | +$292K |
|
|
AXDX
1841
DELISTED
Accelerate Diagnostics
AXDX
| $5.78M | ﹤0.01% |
21,190
+1,316
| +7% | +$291K |
|
|
CBB
1842
DELISTED
Cincinnati Bell Inc.
CBB
| $5.77M | ﹤0.01% |
283,066
+3,403
| +1% | +$75.7K |
|
1843
First Bancorp
FBP
$4.38B
| $5.77M | ﹤0.01% |
1,108,994
+24,106
| +2% | +$112K |
|
1844
Southside Bancshares
SBSI
$967M
| $5.76M | ﹤0.01% |
183,453
+2,084
| +1% | +$64.8K |
|
|
SASR
1845
DELISTED
Sandy Spring Bancorp Inc
SASR
| $5.75M | ﹤0.01% |
187,977
+5,720
| +3% | +$173K |
|
1846
Veeco
VECO
$3.23B
| $5.74M | ﹤0.01% |
292,588
+8,621
| +3% | +$162K |
|
|
CVT
1847
DELISTED
CVENT, INC.
CVT
| $5.72M | ﹤0.01% |
180,421
+17,715
| +11% | +$578K |
|
|
BRSS
1848
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $5.71M | ﹤0.01% |
197,784
+13,566
| +7% | +$385K |
|
1849
SPX Corp
SPXC
$10.8B
| $5.71M | ﹤0.01% |
283,500
+3,524
| +1% | +$62.4K |
|
|
GTS
1850
DELISTED
Triple-S Management Corporation
GTS
| $5.71M | ﹤0.01% |
273,573
+264
| +0.1% | +$5.91K |
|
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.