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 |
DuPont de Nemours
DD
|
+$744M |
| 2 |
Baker Hughes
BKR
|
+$156M |
| 3 |
Walt Disney
DIS
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$124M |
| 5 |
Apple
AAPL
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DD
Du Pont De Nemours E I
DD
|
+$658M |
| 2 |
RAI
Reynolds American Inc
RAI
|
+$502M |
| 3 |
BHI
Baker Hughes
BHI
|
+$236M |
| 4 |
WFM
Whole Foods Market Inc
WFM
|
+$155M |
| 5 |
SPLS
Staples Inc
SPLS
|
+$73.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.32% |
| 2 | Financials | 16.15% |
| 3 | Healthcare | 13.87% |
| 4 | Industrials | 10.5% |
| 5 | Consumer Discretionary | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TELL
2001
DELISTED
Tellurian Inc.
TELL
| $6.58M | ﹤0.01% |
616,115
+106,499
| +21% | +$1.02M |
|
2002
Casella Waste Systems
CWST
$5.85B
| $6.57M | ﹤0.01% |
349,613
+26,019
| +8% | +$443K |
|
2003
Crocs
CROX
$6.47B
| $6.55M | ﹤0.01% |
675,841
+38,650
| +6% | +$331K |
|
|
PIR
2004
DELISTED
Pier 1 Imports, Inc.
PIR
| $6.54M | ﹤0.01% |
78,111
+23,733
| +44% | +$2.12M |
|
2005
Gogo Inc
GOGO
$606M
| $6.54M | ﹤0.01% |
553,512
+31,878
| +6% | +$407K |
|
2006
AMC Entertainment Holdings
AMC
$2.54B
| $6.53M | ﹤0.01% |
44,444
+1,173
| +3% | +$196K |
|
2007
Tootsie Roll Industries
TR
$2.96B
| $6.52M | ﹤0.01% |
223,896
+3,478
| +2% | +$98.2K |
|
|
TDAY
2008
USA Today Co
TDAY
$1.32B
| $6.51M | ﹤0.01% |
440,454
+7,432
| +2% | +$102K |
|
|
CLDT
2009
Chatham Lodging
CLDT
$614M
| $6.5M | ﹤0.01% |
304,778
+20,256
| +7% | +$413K |
|
2010
Federal Agricultural Mortgage
AGM
$2.58B
| $6.47M | ﹤0.01% |
89,013
+12,703
| +17% | +$858K |
|
2011
Dime Commercial Bancshares
DCOM
$1.82B
| $6.44M | ﹤0.01% |
189,793
+4,545
| +2% | +$146K |
|
2012
Enanta Pharmaceuticals
ENTA
$377M
| $6.44M | ﹤0.01% |
137,630
+1,210
| +0.9% | +$48.6K |
|
2013
Lattice Semiconductor
LSCC
$18B
| $6.43M | ﹤0.01% |
1,233,922
+140,457
| +13% | +$855K |
|
|
CKH
2014
DELISTED
Seacor Holdings Inc.
CKH
| $6.41M | ﹤0.01% |
143,774
+8,566
| +6% | +$313K |
|
2015
Center Bancorp
CNOB
$1.68B
| $6.38M | ﹤0.01% |
259,340
+16,351
| +7% | +$371K |
|
2016
Heron Therapeutics
HRTX
$96.8M
| $6.38M | ﹤0.01% |
395,046
+8,420
| +2% | +$132K |
|
2017
NMI Holdings
NMIH
$3.35B
| $6.38M | ﹤0.01% |
514,238
+26,709
| +5% | +$309K |
|
2018
iShares MSCI EAFE ETF
EFA
$78.4B
| – | – |
0
| – | – |
|
2019
International Seaways
INSW
$4.71B
| $6.37M | ﹤0.01% |
323,353
+12,992
| +4% | +$265K |
|
|
UBA
2020
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $6.36M | ﹤0.01% |
293,161
+7,141
| +2% | +$149K |
|
2021
Quanex
NX
$883M
| $6.35M | ﹤0.01% |
276,900
+6,262
| +2% | +$130K |
|
|
BNFT
2022
DELISTED
Benefitfocus, Inc.
BNFT
| $6.35M | ﹤0.01% |
188,802
+50,642
| +37% | +$1.62M |
|
2023
Pathward Financial
CASH
$1.92B
| $6.35M | ﹤0.01% |
242,880
+11,496
| +5% | +$297K |
|
2024
Middlesex Water
MSEX
$1.07B
| $6.34M | ﹤0.01% |
161,490
+4,687
| +3% | +$182K |
|
|
KERX
2025
DELISTED
Keryx Biopharmaceuticals Inc
KERX
| $6.34M | ﹤0.01% |
893,176
+41,014
| +5% | +$295K |
|
Similar funds
Geode Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Geode Capital Management held 4,158 positions worth $271B, up 6.5% from $254B the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Trading was light in Q3 2017: portfolio turnover was 4.7%. Geode Capital Management opened 87 new positions and exited 109, leaving the 4,158-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 16% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2017 buy was Baker Hughes: 4,388,225 shares worth $160M.
- Geode Capital Management added most to DuPont de Nemours in Q3 2017, an estimated $744M increase.
- Geode Capital Management's biggest Q3 2017 reduction was Hewlett Packard, cutting an estimated $61.7M.
- Geode Capital Management fully exited Du Pont De Nemours E I in Q3 2017, selling an estimated $658M.
- Geode Capital Management's ten largest holdings make up 16% of its $271B portfolio in Q3 2017.
- Geode Capital Management opened 87 new positions and closed 109 in Q3 2017.
- Geode Capital Management's portfolio value rose 6.5% quarter-over-quarter to $271B.
Based on Geode Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.