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
|
+$321M |
| 2 |
Medtronic
MDT
|
+$290M |
| 3 |
Apple
AAPL
|
+$171M |
| 4 |
Alphabet (Google) Class C
GOOG
|
+$101M |
| 5 |
Microsoft
MSFT
|
+$97.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SWS
SWS GROUP INC
SWS
|
+$970M |
| 2 |
AGN
Allergan Inc
AGN
|
+$459M |
| 3 |
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
|
+$349M |
| 4 |
Eversource Energy
ES
|
+$130M |
| 5 |
CFN
CAREFUSION CORPORATION
CFN
|
+$93.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.99% |
| 2 | Financials | 14.59% |
| 3 | Technology | 14.54% |
| 4 | Industrials | 10.59% |
| 5 | Consumer Discretionary | 9.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
TE Connectivity
TEL
$60.5B
| $211M | 0.12% |
2,949,269
+95,220
| +3% | +$6.54M |
|
177
Crown Castle
CCI
$33.4B
| $211M | 0.12% |
2,558,571
+101,585
| +4% | +$8.65M |
|
178
Prologis
PLD
$137B
| $210M | 0.12% |
4,825,332
+372,982
| +8% | +$16.3M |
|
179
Stryker
SYK
$135B
| $210M | 0.12% |
2,275,193
+88,750
| +4% | +$8.26M |
|
|
DFS
180
DELISTED
Discover Financial Services
DFS
| $209M | 0.12% |
3,716,945
+158,002
| +4% | +$9.36M |
|
|
PARA
181
DELISTED
Paramount Global Class B
PARA
| $209M | 0.12% |
3,445,029
-4,980
| -0.1% | -$291K |
|
182
Aon
AON
$80.6B
| $207M | 0.12% |
2,161,166
+43,061
| +2% | +$4.17M |
|
183
Intercontinental Exchange
ICE
$87.6B
| $203M | 0.12% |
4,366,170
+129,555
| +3% | +$5.84M |
|
184
Boston Properties
BXP
$11.9B
| $203M | 0.12% |
1,444,146
+86,507
| +6% | +$12.1M |
|
185
PG&E
PCG
$39.2B
| $200M | 0.11% |
3,779,855
+215,888
| +6% | +$11.9M |
|
|
BRCM
186
DELISTED
BROADCOM CORP CL-A
BRCM
| $200M | 0.11% |
4,630,863
+248,444
| +6% | +$10.8M |
|
187
Netflix
NFLX
$306B
| $200M | 0.11% |
33,622,470
+1,525,580
| +5% | +$9.25M |
|
188
Sempra
SRE
$58.4B
| $199M | 0.11% |
3,663,646
+130,858
| +4% | +$7.21M |
|
189
VF Corp
VFC
$5.84B
| $197M | 0.11% |
2,788,413
+49,548
| +2% | +$3.43M |
|
|
VIAB
190
DELISTED
Viacom Inc. Class B
VIAB
| $197M | 0.11% |
2,882,404
+58,560
| +2% | +$4.04M |
|
191
Healthpeak Properties
DOC
$15.6B
| $193M | 0.11% |
4,915,285
+420,390
| +9% | +$16.9M |
|
192
Cencora
COR
$62.2B
| $190M | 0.11% |
1,672,732
+127,400
| +8% | +$12.8M |
|
193
Macy's
M
$6.54B
| $188M | 0.11% |
2,905,171
+160,241
| +6% | +$10.3M |
|
|
SE
194
DELISTED
Spectra Energy Corp Wi
SE
| $187M | 0.11% |
5,179,702
+186,655
| +4% | +$6.53M |
|
195
Devon Energy
DVN
$51.2B
| $187M | 0.11% |
3,102,376
+90,780
| +3% | +$5.54M |
|
196
Ameriprise Financial
AMP
$48.3B
| $187M | 0.11% |
1,428,779
+39,702
| +3% | +$5.23M |
|
197
Boston Scientific
BSX
$68.8B
| $186M | 0.11% |
10,472,026
+148,672
| +1% | +$2.35M |
|
198
International Paper
IP
$22.9B
| $184M | 0.11% |
3,514,001
+125,083
| +4% | +$6.49M |
|
199
Vornado Realty Trust
VNO
$7.79B
| $184M | 0.11% |
2,038,264
-89,532
| -4% | -$8.04M |
|
200
Public Service Enterprise Group
PEG
$38.8B
| $184M | 0.1% |
4,386,195
+236,541
| +6% | +$9.88M |
|
Similar funds
Geode Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Geode Capital Management held 4,062 positions worth $175B, up 4.1% from $168B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Trading was light in Q1 2015: portfolio turnover was 4.8%. Geode Capital Management opened 82 new positions and exited 115, leaving the 4,062-position portfolio largely intact.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Financials and Technology.
- Geode Capital Management's largest Q1 2015 buy was TRIBUNE MEDIA COMPANY CLASS A: 453,455 shares worth $27.6M.
- Geode Capital Management added most to Allergan plc in Q1 2015, an estimated $321M increase.
- Geode Capital Management's biggest Q1 2015 reduction was Vornado Realty Trust, cutting an estimated $8.04M.
- Geode Capital Management fully exited SWS GROUP INC in Q1 2015, selling an estimated $970M.
- Geode Capital Management's ten largest holdings make up 15% of its $175B portfolio in Q1 2015.
- Geode Capital Management opened 82 new positions and closed 115 in Q1 2015.
- Geode Capital Management's portfolio value rose 4.1% quarter-over-quarter to $175B.
Based on Geode Capital Management's 13F filing for Q1 2015, filed 14 May 2015.