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 | |
|---|---|---|---|---|---|---|
1976
Gogo Inc
GOGO
$492M
| $4.63M | ﹤0.01% |
419,277
+32,864
| +9% | +$349K |
|
1977
Gray Television
GTN
$552M
| $4.62M | ﹤0.01% |
446,410
+19,402
| +5% | +$211K |
|
|
ATRI
1978
DELISTED
Atrion Corp
ATRI
| $4.62M | ﹤0.01% |
10,823
+139
| +1% | +$61.9K |
|
1979
National Beverage
FIZZ
$3.01B
| $4.61M | ﹤0.01% |
209,310
-39,700
| -16% | -$1.07M |
|
|
BKS
1980
DELISTED
Barnes & Noble
BKS
| $4.59M | ﹤0.01% |
406,653
-440
| -0.1% | -$5.31K |
|
|
KE
1981
Kimball Electronics
KE
$628M
| $4.57M | ﹤0.01% |
329,999
+6,230
| +2% | +$77.7K |
|
|
THR
1982
DELISTED
Thermon Group Holdings
THR
| $4.57M | ﹤0.01% |
231,423
+2,407
| +1% | +$46.8K |
|
|
USCR
1983
DELISTED
U S Concrete, Inc.
USCR
| $4.55M | ﹤0.01% |
98,854
+1,276
| +1% | +$71.9K |
|
1984
Enterprise Financial Services Corp
EFSC
$2.39B
| $4.54M | ﹤0.01% |
145,272
+4,282
| +3% | +$127K |
|
|
AHT
1985
Ashford Hospitality Trust
AHT
$21M
| $4.53M | ﹤0.01% |
778
+27
| +4% | +$165K |
|
|
FRGI
1986
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $4.53M | ﹤0.01% |
188,767
-4,837
| -2% | -$117K |
|
1987
CBIZ
CBZ
$2.96B
| $4.53M | ﹤0.01% |
404,703
+11,825
| +3% | +$131K |
|
1988
Cerus
CERS
$474M
| $4.52M | ﹤0.01% |
728,452
+9,853
| +1% | +$64.5K |
|
1989
Greenlight Captial
GLRE
$506M
| $4.52M | ﹤0.01% |
221,058
+4,690
| +2% | +$95.8K |
|
1990
Inovio Pharmaceuticals
INO
$69M
| $4.51M | ﹤0.01% |
40,372
+577
| +1% | +$63.7K |
|
1991
McEwen Inc
MUX
$1.18B
| $4.51M | ﹤0.01% |
122,975
-1,409
| -1% | -$58.1K |
|
1992
Cimpress
CMPR
$2.31B
| $4.48M | ﹤0.01% |
44,316
+2,288
| +5% | +$223K |
|
1993
Novanta
NOVT
$6.29B
| $4.47M | ﹤0.01% |
257,755
+42,926
| +20% | +$707K |
|
1994
Griffon
GFF
$4.86B
| $4.47M | ﹤0.01% |
262,855
+2,810
| +1% | +$47.9K |
|
|
CET
1995
Central Securities Corp
CET
$1.65B
| $4.47M | ﹤0.01% |
+210,390
| New | +$4.33M |
|
|
CUDA
1996
DELISTED
Barracuda Networks, Inc.
CUDA
| $4.46M | ﹤0.01% |
175,057
+31,827
| +22% | +$699K |
|
1997
Red Robin
RRGB
$152M
| $4.45M | ﹤0.01% |
99,068
+1,189
| +1% | +$58K |
|
|
RDUS
1998
DELISTED
Radius Recycling
RDUS
| $4.45M | ﹤0.01% |
212,916
+33,357
| +19% | +$635K |
|
1999
Koppers
KOP
$969M
| $4.45M | ﹤0.01% |
138,168
+2,051
| +2% | +$64.7K |
|
2000
Crocs
CROX
$6.55B
| $4.44M | ﹤0.01% |
534,549
+33,485
| +7% | +$321K |
|
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.