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 |
Apple
AAPL
|
+$145M |
| 2 |
Chubb
CB
|
+$135M |
| 3 |
Microsoft
MSFT
|
+$129M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Johnson & Johnson
JNJ
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$271M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$250M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$244M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$89.3M |
| 5 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 13.53% |
| 4 | Industrials | 9.98% |
| 5 | Consumer Discretionary | 9.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
Allstate
ALL
$68B
| $209K | 0.11% |
3,110,782
-22,554
| -0.7% | -$1.42M |
|
177
Truist Financial
TFC
$63.3B
| $209K | 0.11% |
6,280,088
+83,167
| +1% | +$2.76M |
|
|
MHFI
178
DELISTED
MCGRAW-HILL FINANCIAL INC COM
MHFI
| $208K | 0.11% |
2,109,369
+13,144
| +0.6% | +$1.18M |
|
179
Sysco
SYY
$40.8B
| $208K | 0.11% |
4,460,283
+181,435
| +4% | +$7.83M |
|
180
Boston Scientific
BSX
$69.5B
| $206K | 0.11% |
10,967,874
+253,069
| +2% | +$4.45M |
|
181
CSX Corp
CSX
$93.4B
| $205K | 0.11% |
23,910,000
+286,935
| +1% | +$2.33M |
|
|
FISV
182
Fiserv Inc
FISV
$28.8B
| $203K | 0.11% |
3,970,494
+752
| +0% | +$35.7K |
|
183
Sempra
SRE
$57.9B
| $203K | 0.11% |
3,902,886
+108,536
| +3% | +$5.23M |
|
184
Waste Management
WM
$90.6B
| $203K | 0.11% |
3,440,451
+61,530
| +2% | +$3.4M |
|
185
Johnson Controls International
JCI
$88.8B
| $202K | 0.11% |
4,950,917
+139,876
| +3% | +$5.34M |
|
186
Carnival Corporation Ltd
CCL
$38.1B
| $201K | 0.11% |
3,812,827
+31,287
| +0.8% | +$1.51M |
|
187
AutoZone
AZO
$49.2B
| $201K | 0.11% |
252,306
+3,239
| +1% | +$2.45M |
|
188
American Airlines Group
AAL
$10.1B
| $199K | 0.11% |
4,864,854
-85,522
| -2% | -$3.44M |
|
189
Norfolk Southern
NSC
$75.4B
| $198K | 0.11% |
2,387,419
-63,660
| -3% | -$4.81M |
|
190
Progressive
PGR
$123B
| $195K | 0.1% |
5,545,123
+217,306
| +4% | +$6.95M |
|
191
Consolidated Edison
ED
$40.1B
| $194K | 0.1% |
2,534,280
+45,773
| +2% | +$3.25M |
|
192
Edison International
EIX
$28.2B
| $193K | 0.1% |
2,683,945
+86,300
| +3% | +$5.6M |
|
193
Illumina
ILMN
$31B
| $192K | 0.1% |
1,217,461
+27,972
| +2% | +$4.28M |
|
194
Sherwin-Williams
SHW
$82.7B
| $191K | 0.1% |
2,013,666
+110,544
| +6% | +$9.67M |
|
195
HCA Healthcare
HCA
$87.2B
| $190K | 0.1% |
2,436,513
-6,490
| -0.3% | -$453K |
|
|
PXD
196
DELISTED
Pioneer Natural Resource Co.
PXD
| $190K | 0.1% |
1,349,502
+156,920
| +13% | +$19.4M |
|
197
Equinix
EQIX
$101B
| $189K | 0.1% |
572,385
+69,040
| +14% | +$21M |
|
198
Intuitive Surgical
ISRG
$127B
| $188K | 0.1% |
2,823,228
+79,452
| +3% | +$4.92M |
|
199
Archer Daniels Midland
ADM
$38.2B
| $188K | 0.1% |
5,190,515
+229,191
| +5% | +$7.97M |
|
200
TE Connectivity
TEL
$59.6B
| $188K | 0.1% |
3,039,688
+117,281
| +4% | +$6.81M |
|
Similar funds
Geode Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Geode Capital Management held 4,210 positions worth $188M, down 100% from $175B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management deployed $3.95B of net new capital in Q1 2016, opening 62 new positions and adding to 2,901 existing holdings. Its largest new stake was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was American International, an estimated $28.8M trimmed.
- Geode Capital Management's largest Q1 2016 buy was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
- Geode Capital Management added most to Apple in Q1 2016, an estimated $145M increase.
- Geode Capital Management's biggest Q1 2016 reduction was American International, cutting an estimated $28.8M.
- Geode Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $271M.
- Geode Capital Management's ten largest holdings make up 18% of its $188M portfolio in Q1 2016.
- Geode Capital Management opened 62 new positions and closed 115 in Q1 2016.
- Geode Capital Management's portfolio value fell 100% quarter-over-quarter to $188M.
Based on Geode Capital Management's 13F filing for Q1 2016, filed 13 May 2016.