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 | |
|---|---|---|---|---|---|---|
2051
Novavax
NVAX
$1.31B
| $4.1M | ﹤0.01% |
98,478
-3,285
| -3% | -$424K |
|
|
ADPT
2052
DELISTED
Adeptus Health Inc
ADPT
| $4.09M | ﹤0.01% |
95,144
+6,457
| +7% | +$291K |
|
2053
Tronox
TROX
$1.04B
| $4.08M | ﹤0.01% |
434,969
+9,085
| +2% | +$69.8K |
|
2054
Great Southern Bancorp
GSBC
$878M
| $4.06M | ﹤0.01% |
99,660
+3,589
| +4% | +$144K |
|
2055
Onto Innovation
ONTO
$15.3B
| $4.05M | ﹤0.01% |
181,315
+5,983
| +3% | +$125K |
|
2056
CTS Corp
CTS
$1.89B
| $4.05M | ﹤0.01% |
217,594
+1,985
| +0.9% | +$37.5K |
|
2057
GSK
GSK
$106B
| $4.04M | ﹤0.01% |
74,958
+95
| +0.1% | +$5.21K |
|
|
BNFT
2058
DELISTED
Benefitfocus, Inc.
BNFT
| $4.03M | ﹤0.01% |
100,836
+1,265
| +1% | +$51.9K |
|
|
ZIONW
2059
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $4M | ﹤0.01% |
975,350
+125,350
| +15% | +$396K |
|
|
PRO
2060
DELISTED
PROS Holdings
PRO
| $3.99M | ﹤0.01% |
176,588
+2,499
| +1% | +$47.9K |
|
|
ACET
2061
DELISTED
Aceto Corp
ACET
| $3.99M | ﹤0.01% |
210,164
+2,218
| +1% | +$50.2K |
|
|
INVN
2062
DELISTED
Invensense Inc
INVN
| $3.98M | ﹤0.01% |
536,996
+731
| +0.1% | +$5.17K |
|
2063
James River Group Holdings
JRVR
$217M
| $3.98M | ﹤0.01% |
109,902
-2,201
| -2% | -$77.4K |
|
2064
Ambarella
AMBA
$3.81B
| $3.97M | ﹤0.01% |
53,983
+3,851
| +8% | +$241K |
|
|
APFH
2065
DELISTED
AdvancePierre Foods Holdings
APFH
| $3.96M | ﹤0.01% |
+143,881
| New | +$3.62M |
|
2066
FIVE9
FIVN
$2.54B
| $3.96M | ﹤0.01% |
252,835
+35,071
| +16% | +$479K |
|
2067
M/I Homes
MHO
$3.84B
| $3.96M | ﹤0.01% |
168,119
+1,401
| +0.8% | +$31K |
|
|
GOOD
2068
Gladstone Commercial Corp
GOOD
$627M
| $3.96M | ﹤0.01% |
212,541
+60,651
| +40% | +$1.09M |
|
|
LHCG
2069
DELISTED
LHC Group LLC
LHCG
| $3.95M | ﹤0.01% |
107,232
+5,932
| +6% | +$238K |
|
|
LBAI
2070
DELISTED
Lakeland Bancorp Inc
LBAI
| $3.94M | ﹤0.01% |
280,751
+25,936
| +10% | +$332K |
|
2071
German American Bancorp
GABC
$1.9B
| $3.94M | ﹤0.01% |
151,685
+4,824
| +3% | +$114K |
|
|
ITG
2072
DELISTED
Investment Technology Group Inc
ITG
| $3.94M | ﹤0.01% |
229,680
+2,740
| +1% | +$45.2K |
|
|
MCHB
2073
Mechanics Bancorp
MCHB
$3.68B
| $3.94M | ﹤0.01% |
157,059
+1,060
| +0.7% | +$25K |
|
|
RESI
2074
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $3.92M | ﹤0.01% |
359,706
+5,190
| +1% | +$52.4K |
|
|
SHOR
2075
DELISTED
ShoreTel, Inc.
SHOR
| $3.91M | ﹤0.01% |
488,319
+11,333
| +2% | +$88.7K |
|
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.