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 |
Kinder Morgan
KMI
|
+$304M |
| 2 |
Microsoft
MSFT
|
+$131M |
| 3 |
Meta Platforms (Facebook)
META
|
+$127M |
| 4 |
Apple
AAPL
|
+$106M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$105M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Agilent Technologies
A
|
+$35.5M |
| 2 |
CNQR
CONCUR TECHNOLOGIES INC
CNQR
|
+$31M |
| 3 |
TWTC
TW TELECOM INC CL A COM
TWTC
|
+$30.1M |
| 4 |
Automatic Data Processing
ADP
|
+$25.7M |
| 5 |
URS
URS CORP
URS
|
+$20.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.59% |
| 2 | Technology | 14.55% |
| 3 | Healthcare | 14.21% |
| 4 | Industrials | 10.66% |
| 5 | Consumer Discretionary | 8.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SD
1976
DELISTED
SANDRIDGE ENERGY, INC.
SD
| $3.81M | ﹤0.01% |
2,094,749
+95,096
| +5% | +$311K |
|
|
ZAYO
1977
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $3.81M | ﹤0.01% |
+124,612
| New | +$3.24M |
|
1978
Ameris Bancorp
ABCB
$5.85B
| $3.81M | ﹤0.01% |
148,524
-9,235
| -6% | -$228K |
|
|
TRST
1979
Trustco Bank Corp NY
TRST
$970M
| $3.8M | ﹤0.01% |
104,688
+1,027
| +1% | +$35.7K |
|
1980
CorVel
CRVL
$3.06B
| $3.79M | ﹤0.01% |
305,259
+7,881
| +3% | +$90.7K |
|
|
CQB
1981
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
| $3.78M | ﹤0.01% |
261,433
-2,061
| -0.8% | -$29.3K |
|
1982
Ezcorp Inc
EZPW
$1.83B
| $3.78M | ﹤0.01% |
321,571
+9,819
| +3% | +$104K |
|
1983
Quanex
NX
$819M
| $3.78M | ﹤0.01% |
201,082
+731
| +0.4% | +$14K |
|
1984
DXP Enterprises
DXPE
$2.43B
| $3.77M | ﹤0.01% |
74,687
+8,320
| +13% | +$499K |
|
|
CEMP
1985
DELISTED
Cempra, Inc.
CEMP
| $3.77M | ﹤0.01% |
160,276
+41,047
| +34% | +$613K |
|
|
TESO
1986
DELISTED
Tesco Corp
TESO
| $3.77M | ﹤0.01% |
293,726
-92,333
| -24% | -$1.44M |
|
|
SASR
1987
DELISTED
Sandy Spring Bancorp Inc
SASR
| $3.75M | ﹤0.01% |
143,824
-1,831
| -1% | -$44.7K |
|
|
SALE
1988
DELISTED
RetailMeNot, Inc. Series 1
SALE
| $3.75M | ﹤0.01% |
256,383
+15,145
| +6% | +$237K |
|
|
STNR
1989
DELISTED
STEINER LEISURE LTD
STNR
| $3.75M | ﹤0.01% |
81,059
+813
| +1% | +$33.8K |
|
|
MDR
1990
DELISTED
McDermott International
MDR
| $3.74M | ﹤0.01% |
428,109
+3,585
| +0.8% | +$40.2K |
|
|
DTSI
1991
DELISTED
DTS, Inc.
DTSI
| $3.73M | ﹤0.01% |
121,311
+1,941
| +2% | +$58.4K |
|
1992
CVR Energy
CVI
$3.58B
| $3.73M | ﹤0.01% |
96,266
-6,627
| -6% | -$292K |
|
|
AD
1993
Array Digital Infrastructure
AD
$3.01B
| $3.69M | ﹤0.01% |
92,536
+714
| +0.8% | +$26.2K |
|
|
AMWD
1994
DELISTED
American Woodmark
AMWD
| $3.68M | ﹤0.01% |
90,990
+7,185
| +9% | +$283K |
|
|
ISEE
1995
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $3.68M | ﹤0.01% |
81,999
+3,222
| +4% | +$135K |
|
1996
Alto Ingredients
ALTO
$369M
| $3.67M | ﹤0.01% |
355,860
-61,131
| -15% | -$746K |
|
1997
United Fire Group
UFCS
$1.32B
| $3.67M | ﹤0.01% |
123,580
+3,921
| +3% | +$115K |
|
1998
Sturm, Ruger & Co
RGR
$594M
| $3.67M | ﹤0.01% |
105,911
+833
| +0.8% | +$34K |
|
|
CKEC
1999
DELISTED
Carmike Cinemas Inc
CKEC
| $3.66M | ﹤0.01% |
139,398
+5,924
| +4% | +$169K |
|
|
RKUS
2000
DELISTED
RUCKUS WIRELESS INC COM STK (DE)
RKUS
| $3.66M | ﹤0.01% |
304,218
+1,462
| +0.5% | +$17.7K |
|
Similar funds
Geode Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Geode Capital Management held 4,051 positions worth $168B, up 9% from $154B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management deployed $5.23B of net new capital in Q4 2014, opening 130 new positions and adding to 2,924 existing holdings. Its largest new stake was CDK Global, Inc.: 836,934 shares worth $34.1M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Technology and Healthcare.
On the sell side, the largest reduction was Agilent Technologies, an estimated $35.5M trimmed.
- Geode Capital Management's largest Q4 2014 buy was CDK Global, Inc.: 836,934 shares worth $34.1M.
- Geode Capital Management added most to Kinder Morgan in Q4 2014, an estimated $304M increase.
- Geode Capital Management's biggest Q4 2014 reduction was Agilent Technologies, cutting an estimated $35.5M.
- Geode Capital Management fully exited CONCUR TECHNOLOGIES INC in Q4 2014, selling an estimated $31M.
- Geode Capital Management's ten largest holdings make up 15% of its $168B portfolio in Q4 2014.
- Geode Capital Management opened 130 new positions and closed 76 in Q4 2014.
- Geode Capital Management's portfolio value rose 9% quarter-over-quarter to $168B.
Based on Geode Capital Management's 13F filing for Q4 2014, filed 12 Feb 2015.