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 | |
|---|---|---|---|---|---|---|
|
NRE
2026
DELISTED
NorthStar Realty Europe Corp.
NRE
| $4.29M | ﹤0.01% |
391,548
+4,012
| +1% | +$39.4K |
|
2027
Customers Bancorp
CUBI
$2.77B
| $4.27M | ﹤0.01% |
169,558
+1,955
| +1% | +$50.5K |
|
2028
TTEC Holdings
TTEC
$124M
| $4.26M | ﹤0.01% |
147,144
+1,367
| +0.9% | +$39.2K |
|
2029
Virtus Investment Partners
VRTS
$1.1B
| $4.26M | ﹤0.01% |
43,585
-692
| -2% | -$60.7K |
|
2030
Heritage Financial
HFWA
$1.21B
| $4.26M | ﹤0.01% |
237,480
+2,212
| +0.9% | +$39.6K |
|
|
FARO
2031
DELISTED
Faro Technologies
FARO
| $4.26M | ﹤0.01% |
118,469
+1,637
| +1% | +$55.5K |
|
|
LNW
2032
DELISTED
Light & Wonder
LNW
| $4.25M | ﹤0.01% |
377,670
+18,132
| +5% | +$178K |
|
2033
Waterstone Financial
WSBF
$375M
| $4.25M | ﹤0.01% |
250,049
+1,383
| +0.6% | +$22.6K |
|
2034
Interparfums
IPAR
$3.94B
| $4.25M | ﹤0.01% |
131,633
-1,620
| -1% | -$51.8K |
|
2035
IDT Corp
IDT
$1.62B
| $4.24M | ﹤0.01% |
290,950
+7,854
| +3% | +$100K |
|
|
EIGI
2036
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $4.24M | ﹤0.01% |
484,212
+19,588
| +4% | +$163K |
|
2037
Manitowoc
MTW
$675M
| $4.23M | ﹤0.01% |
220,899
+3,251
| +1% | +$65.7K |
|
2038
LGI Homes
LGIH
$1.4B
| $4.22M | ﹤0.01% |
114,532
+9,898
| +9% | +$349K |
|
|
FBC
2039
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $4.21M | ﹤0.01% |
151,540
+3,995
| +3% | +$108K |
|
|
NPKI
2040
NPK International
NPKI
$1.14B
| $4.2M | ﹤0.01% |
570,609
-17,450
| -3% | -$115K |
|
2041
Cass Information Systems
CASS
$743M
| $4.19M | ﹤0.01% |
97,646
+468
| +0.5% | +$19.2K |
|
|
XOXO
2042
DELISTED
Xo Group Inc
XOXO
| $4.19M | ﹤0.01% |
216,651
+50,532
| +30% | +$931K |
|
2043
Fox Factory Holding Corp
FOXF
$886M
| $4.18M | ﹤0.01% |
182,038
+20,926
| +13% | +$412K |
|
|
DEA
2044
Easterly Government Properties
DEA
$1.18B
| $4.18M | ﹤0.01% |
87,574
+26,923
| +44% | +$1.32M |
|
|
AMCC
2045
DELISTED
Applied Micro Circuits Corporation New
AMCC
| $4.16M | ﹤0.01% |
599,026
+4,018
| +0.7% | +$27.9K |
|
2046
MYR Group
MYRG
$5.25B
| $4.15M | ﹤0.01% |
137,822
-1,852
| -1% | -$50.7K |
|
2047
Future Fuel
FF
$223M
| $4.14M | ﹤0.01% |
366,961
+14,035
| +4% | +$160K |
|
2048
OneSpan
OSPN
$618M
| $4.14M | ﹤0.01% |
234,938
+5,925
| +3% | +$104K |
|
|
BV
2049
DELISTED
Bazaarvoice, Inc.
BV
| $4.12M | ﹤0.01% |
697,885
+249,301
| +56% | +$1.1M |
|
2050
Energy Recovery
ERII
$443M
| $4.11M | ﹤0.01% |
256,933
-19,596
| -7% | -$238K |
|
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.