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 |
S&P Global
SPGI
|
+$216M |
| 2 |
Charter Communications
CHTR
|
+$192M |
| 3 |
SLB Ltd
SLB
|
+$79.3M |
| 4 |
IBM
IBM
|
+$70.2M |
| 5 |
Newell Brands
NWL
|
+$67.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AFFX
Affymetrix Inc
AFFX
|
+$7.53B |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$447M |
| 3 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$229M |
| 4 |
MHFI
MCGRAW-HILL FINANCIAL INC COM
MHFI
|
+$208M |
| 5 |
SANDISK CORP
SNDK
|
+$133M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.87% |
| 2 | Technology | 14.38% |
| 3 | Financials | 13.98% |
| 4 | Industrials | 10.32% |
| 5 | Consumer Discretionary | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
176
Allstate
ALL
$58B
| $214M | 0.12% |
3,059,582
-51,200
| -2% | -$3.43M |
2013 Q2
12 quarters
|
|
177
Air Products & Chemicals
APD
$62.6B
| $213M | 0.12% |
1,621,799
-3,516
| -0.2% | -$468K |
2013 Q2
12 quarters
|
|
178
DELISTED
Anadarko Petroleum
APC
| $213M | 0.12% |
4,000,632
-26,723
| -0.7% | -$1.35M |
2013 Q2
12 quarters
|
|
179
Edison International
EIX
$21.3B
| $211M | 0.12% |
2,727,366
+43,421
| +2% | +$3.12M |
2013 Q2
12 quarters
|
|
180
Consolidated Edison
ED
$39.2B
| $211M | 0.11% |
2,628,113
+93,833
| +4% | +$7.05M |
2013 Q2
12 quarters
|
|
181
Ross Stores
ROST
$71B
| $211M | 0.11% |
3,721,876
+47,652
| +1% | +$2.65M |
2013 Q2
12 quarters
|
|
182
Weyerhaeuser
WY
$13.8B
| $210M | 0.11% |
7,074,246
-236,390
| -3% | -$7.27M |
2013 Q2
12 quarters
|
|
|
ALXN
183
DELISTED
Alexion Pharmaceuticals
ALXN
| $209M | 0.11% |
1,794,044
-25,904
| -1% | -$3.68M |
2013 Q2
12 quarters
|
|
184
Sysco
SYY
$38.4B
| $208M | 0.11% |
4,111,396
-348,887
| -8% | -$16.9M |
2013 Q2
12 quarters
|
|
185
NVIDIA
NVDA
$5.54T
| $208M | 0.11% |
176,904,280
-9,640,160
| -5% | -$9.94M |
2013 Q2
12 quarters
|
|
186
Archer Daniels Midland
ADM
$38.5B
| $207M | 0.11% |
4,841,444
-349,071
| -7% | -$13.9M |
2013 Q2
12 quarters
|
|
187
Humana
HUM
$51.9B
| $207M | 0.11% |
1,150,555
-16,007
| -1% | -$2.84M |
2013 Q2
12 quarters
|
|
188
CSX Corp
CSX
$87.5B
| $206M | 0.11% |
23,681,748
-228,252
| -1% | -$1.99M |
2013 Q2
12 quarters
|
|
189
Cardinal Health
CAH
$55B
| $205M | 0.11% |
2,628,328
-94,492
| -3% | -$7.53M |
2013 Q2
12 quarters
|
|
190
Southwest Airlines
LUV
$20.4B
| $202M | 0.11% |
5,152,993
-227,419
| -4% | -$9.73M |
2013 Q2
12 quarters
|
|
191
Newmont
NEM
$124B
| $200M | 0.11% |
5,115,617
+189,046
| +4% | +$6.26M |
2013 Q2
12 quarters
|
|
192
Paychex
PAYX
$37B
| $199M | 0.11% |
3,352,549
+63,350
| +2% | +$3.39M |
2013 Q2
12 quarters
|
|
193
DELISTED
Pioneer Natural Resource Co.
PXD
| $199M | 0.11% |
1,318,881
-30,621
| -2% | -$4.8M |
2013 Q2
12 quarters
|
|
194
Baxter International
BAX
$12.6B
| $198M | 0.11% |
4,379,644
+4,440
| +0.1% | +$195K |
2013 Q2
12 quarters
|
|
195
Norfolk Southern
NSC
$71.4B
| $196M | 0.11% |
2,311,598
-75,821
| -3% | -$6.44M |
2013 Q2
12 quarters
|
|
196
AutoZone
AZO
$47.5B
| $196M | 0.11% |
247,567
-4,739
| -2% | -$3.65M |
2013 Q2
12 quarters
|
|
197
DELISTED
Spectra Energy Corp Wi
SE
| $196M | 0.11% |
5,364,931
+59,575
| +1% | +$1.9M |
2013 Q2
12 quarters
|
|
198
Xcel Energy
XEL
$46.1B
| $195M | 0.11% |
4,364,386
+68,756
| +2% | +$2.85M |
2013 Q2
12 quarters
|
|
199
Edwards Lifesciences
EW
$49.1B
| $194M | 0.11% |
5,855,298
+193,374
| +3% | +$6.62M |
2013 Q2
12 quarters
|
|
200
Sherwin-Williams
SHW
$77.5B
| $194M | 0.11% |
1,985,307
-28,359
| -1% | -$2.76M |
2013 Q2
12 quarters
|
|
Similar funds
Geode Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Geode Capital Management held 4,187 positions worth $184B, down 2.4% from $188B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management withdrew a net $8.49B in Q2 2016, closing 127 positions and reducing 984 holdings. Its most notable exit was Affymetrix Inc, an estimated $7.53B position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Technology and Financials.
Against the trend, Geode Capital Management opened a new position in S&P Global worth $215M.
- Geode Capital Management's largest Q2 2016 buy was S&P Global: 2,009,728 shares worth $215M.
- Geode Capital Management added most to Charter Communications in Q2 2016, an estimated $192M increase.
- Geode Capital Management's biggest Q2 2016 reduction was GE Aerospace, cutting an estimated $72.2M.
- Geode Capital Management fully exited Affymetrix Inc in Q2 2016, selling an estimated $7.53B.
- Geode Capital Management's ten largest holdings make up 15% of its $184B portfolio in Q2 2016.
- Geode Capital Management opened 96 new positions and closed 127 in Q2 2016.
- Geode Capital Management's portfolio value fell 2.4% quarter-over-quarter to $184B.
Based on Geode Capital Management's 13F filing for Q2 2016, filed 12 Aug 2016.