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 | |
|---|---|---|---|---|---|---|
1951
Twilio
TWLO
$36.6B
| $4.84M | ﹤0.01% |
+75,159
| New | +$3.75M |
|
1952
Box
BOX
$4.6B
| $4.83M | ﹤0.01% |
306,621
+4,858
| +2% | +$61.5K |
|
|
MSFG
1953
DELISTED
MainSource Financial Group Inc
MSFG
| $4.83M | ﹤0.01% |
193,640
+8,439
| +5% | +$195K |
|
1954
Heritage Insurance Holdings
HRTG
$991M
| $4.83M | ﹤0.01% |
335,244
+3,213
| +1% | +$42.3K |
|
|
GTT
1955
DELISTED
GTT Communications, Inc.
GTT
| $4.83M | ﹤0.01% |
205,194
+3,304
| +2% | +$69.7K |
|
|
PHH
1956
DELISTED
PHH Corporation
PHH
| $4.82M | ﹤0.01% |
333,815
+27,074
| +9% | +$397K |
|
|
CWEN.A
1957
DELISTED
Clearway Energy Class A
CWEN.A
| $4.82M | ﹤0.01% |
295,354
+22,146
| +8% | +$366K |
|
1958
CorVel
CRVL
$3.19B
| $4.82M | ﹤0.01% |
376,497
+21,939
| +6% | +$304K |
|
1959
Univest Financial
UVSP
$1.18B
| $4.81M | ﹤0.01% |
206,066
+70,757
| +52% | +$1.58M |
|
|
EGRX
1960
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $4.79M | ﹤0.01% |
68,390
+1,183
| +2% | +$65.5K |
|
|
GHL
1961
DELISTED
Greenhill & Co., Inc.
GHL
| $4.79M | ﹤0.01% |
203,035
+31,563
| +18% | +$660K |
|
|
GHDX
1962
DELISTED
Genomic Health, Inc.
GHDX
| $4.78M | ﹤0.01% |
165,437
+3,598
| +2% | +$100K |
|
1963
Installed Building Products
IBP
$6.49B
| $4.78M | ﹤0.01% |
133,226
+11,488
| +9% | +$400K |
|
|
ADAM
1964
Adamas Trust
ADAM
$883M
| $4.78M | ﹤0.01% |
198,436
-758
| -0.4% | -$18.7K |
|
1965
UNIFI
UFI
$134M
| $4.78M | ﹤0.01% |
162,295
-593
| -0.4% | -$16.1K |
|
1966
Iridium Communications
IRDM
$5.29B
| $4.76M | ﹤0.01% |
586,616
+6,623
| +1% | +$55.6K |
|
1967
Weis Markets
WMK
$1.86B
| $4.74M | ﹤0.01% |
89,411
+1,998
| +2% | +$104K |
|
1968
TriCo Bancshares
TCBK
$1.83B
| $4.73M | ﹤0.01% |
176,827
+1,053
| +0.6% | +$28.3K |
|
|
TAHO
1969
DELISTED
Tahoe Resources Inc
TAHO
| $4.73M | ﹤0.01% |
368,986
+84,295
| +30% | +$1.25M |
|
|
FFG
1970
DELISTED
FBL Financial Group
FFG
| $4.71M | ﹤0.01% |
73,578
+3,149
| +4% | +$199K |
|
1971
Kelly Services Class A
KELYA
$528M
| $4.66M | ﹤0.01% |
242,430
+16,423
| +7% | +$321K |
|
1972
Buckle
BKE
$2.37B
| $4.65M | ﹤0.01% |
193,414
+2,228
| +1% | +$57.5K |
|
|
ORIT
1973
DELISTED
Oritani Financial Corp. New
ORIT
| $4.64M | ﹤0.01% |
295,234
+16,369
| +6% | +$262K |
|
|
VSI
1974
DELISTED
Vitamin Shoppe Inc.
VSI
| $4.64M | ﹤0.01% |
172,831
+1,095
| +0.6% | +$31.1K |
|
1975
QuidelOrtho
QDEL
$838M
| $4.64M | ﹤0.01% |
209,885
+4,033
| +2% | +$86.1K |
|
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.