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 | |
|---|---|---|---|---|---|---|
2001
Kforce
KFRC
$1.06B
| $4.42M | ﹤0.01% |
215,917
+3,780
| +2% | +$70.4K |
|
|
BMTC
2002
DELISTED
Bryn Mawr Bank Corp
BMTC
| $4.41M | ﹤0.01% |
137,958
+7,450
| +6% | +$228K |
|
|
MODV
2003
DELISTED
ModivCare
MODV
| $4.41M | ﹤0.01% |
90,690
+1,329
| +1% | +$62.3K |
|
|
ECHO
2004
DELISTED
Echo Global Logistics, Inc.
ECHO
| $4.41M | ﹤0.01% |
191,252
+3,864
| +2% | +$94.4K |
|
|
FNHC
2005
DELISTED
FedNat Holding Company Common Stock
FNHC
| $4.41M | ﹤0.01% |
235,934
+7,096
| +3% | +$135K |
|
2006
Southern Copper
SCCO
$166B
| $4.4M | ﹤0.01% |
180,924
+22,625
| +14% | +$546K |
|
|
FPO
2007
DELISTED
First Potomac Realty Trust
FPO
| $4.4M | ﹤0.01% |
480,452
+27,390
| +6% | +$265K |
|
2008
Heron Therapeutics
HRTX
$92.9M
| $4.39M | ﹤0.01% |
255,038
+36,050
| +16% | +$669K |
|
2009
Winnebago Industries
WGO
$909M
| $4.39M | ﹤0.01% |
186,429
+1,460
| +0.8% | +$34K |
|
2010
ArcBest
ARCB
$3.08B
| $4.39M | ﹤0.01% |
230,803
-14,276
| -6% | -$258K |
|
|
SRDX
2011
DELISTED
Surmodics
SRDX
| $4.39M | ﹤0.01% |
145,852
+796
| +0.5% | +$21.9K |
|
2012
DHT Holdings
DHT
$3.02B
| $4.38M | ﹤0.01% |
1,046,700
-39,989
| -4% | -$186K |
|
2013
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $4.38M | ﹤0.01% |
252,104
-10,668
| -4% | -$173K |
|
|
SEVN
2014
Seven Hills Realty Trust
SEVN
$174M
| $4.37M | ﹤0.01% |
+208,912
| New | +$4.42M |
|
|
STEW
2015
SRH Total Return Fund
STEW
$1.81B
| $4.37M | ﹤0.01% |
+520,939
| New | +$4.39M |
|
2016
Adams Diversified Equity Fund
ADX
$3.2B
| $4.36M | ﹤0.01% |
+331,462
| New | +$4.33M |
|
2017
Materion
MTRN
$6.04B
| $4.35M | ﹤0.01% |
141,688
+505
| +0.4% | +$14.2K |
|
|
LADR
2018
Ladder Capital
LADR
$1.24B
| $4.33M | ﹤0.01% |
329,955
+14,093
| +4% | +$181K |
|
|
GAM
2019
General American Investors Company
GAM
$1.61B
| $4.33M | ﹤0.01% |
+132,756
| New | +$4.31M |
|
2020
Ezcorp Inc
EZPW
$1.71B
| $4.32M | ﹤0.01% |
390,934
+9,253
| +2% | +$89.3K |
|
2021
Medifast
MED
$141M
| $4.32M | ﹤0.01% |
114,279
+20,466
| +22% | +$734K |
|
2022
Spok Holdings
SPOK
$241M
| $4.31M | ﹤0.01% |
241,787
+34,878
| +17% | +$628K |
|
2023
Corcept Therapeutics
CORT
$12B
| $4.31M | ﹤0.01% |
662,772
+124,974
| +23% | +$727K |
|
2024
Wingstop
WING
$3.18B
| $4.3M | ﹤0.01% |
146,691
+25,428
| +21% | +$735K |
|
|
UTEK
2025
DELISTED
Ultratech Inc.
UTEK
| $4.29M | ﹤0.01% |
185,834
-4,180
| -2% | -$102K |
|
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.