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 |
AGN
Allergan plc
AGN
|
+$963M |
| 2 |
The Kraft Heinz Company
KHC
|
+$367M |
| 3 |
PayPal
PYPL
|
+$328M |
| 4 |
AT&T
T
|
+$279M |
| 5 |
Monster Beverage
MNST
|
+$175M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$394M |
| 2 |
DTV
DIRECTV COM STK (DE)
DTV
|
+$366M |
| 3 |
eBay
EBAY
|
+$327M |
| 4 |
Comcast
CMCSA
|
+$172M |
| 5 |
Baxter International
BAX
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 15.51% |
| 2 | Healthcare | 15.14% |
| 3 | Technology | 14.58% |
| 4 | Industrials | 10.27% |
| 5 | Consumer Discretionary | 9.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
CMCSK
201
DELISTED
COMCAST CORP SPL A (NEW)
CMCSK
| $172M | 0.1% |
3,010,077
+2,756,623
| +1,088% | +$157M |
2013 Q2
9 quarters
|
|
202
Corning
GLW
$114B
| $170M | 0.1% |
9,959,301
-24,633
| -0.2% | -$443K |
2013 Q2
9 quarters
|
|
203
Waste Management
WM
$90.7B
| $169M | 0.1% |
3,406,806
-13,346
| -0.4% | -$665K |
2013 Q2
9 quarters
|
|
|
204
Monster Beverage
MNST
$89.6B
| $168M | 0.1% |
+14,967,876
| New | +$175M |
2015 Q3
0 quarters
|
|
205
Boston Properties
BXP
$9.45B
| $167M | 0.1% |
1,416,135
-6,682
| -0.5% | -$799K |
2013 Q2
9 quarters
|
|
206
United Airlines
UAL
$31.2B
| $166M | 0.1% |
3,143,002
+935,636
| +42% | +$52.8M |
2013 Q2
9 quarters
|
|
207
Cencora
COR
$65B
| $166M | 0.1% |
1,749,279
+4,956
| +0.3% | +$520K |
2013 Q2
9 quarters
|
|
208
Ross Stores
ROST
$75.7B
| $166M | 0.1% |
3,423,331
+45,282
| +1% | +$2.31M |
2013 Q2
9 quarters
|
|
209
Constellation Brands
STZ
$22.2B
| $165M | 0.1% |
1,322,102
+21,526
| +2% | +$2.66M |
2013 Q2
9 quarters
|
|
210
Healthpeak Properties
DOC
$13.1B
| $165M | 0.1% |
4,872,440
+10,763
| +0.2% | +$372K |
2013 Q2
9 quarters
|
|
211
Consolidated Edison
ED
$41.5B
| $165M | 0.1% |
2,465,398
-87,684
| -3% | -$5.54M |
2013 Q2
9 quarters
|
|
212
Edison International
EIX
$21.5B
| $163M | 0.1% |
2,595,012
+18,446
| +0.7% | +$1.1M |
2013 Q2
9 quarters
|
|
213
Progressive
PGR
$127B
| $163M | 0.1% |
5,330,806
+437,031
| +9% | +$13.2M |
2013 Q2
9 quarters
|
|
214
DELISTED
SunTrust Banks, Inc.
STI
| $157M | 0.1% |
4,117,448
+22,148
| +0.5% | +$927K |
2013 Q2
9 quarters
|
|
215
T. Rowe Price
TROW
$21.5B
| $157M | 0.1% |
2,257,496
+22,413
| +1% | +$1.66M |
2013 Q2
9 quarters
|
|
|
STJ
216
DELISTED
St Jude Medical
STJ
| $156M | 0.09% |
2,483,986
+216,069
| +10% | +$15.4M |
2013 Q2
9 quarters
|
|
217
PACCAR
PCAR
$58.3B
| $156M | 0.09% |
4,480,460
+64,157
| +1% | +$2.6M |
2013 Q2
9 quarters
|
|
218
Western Digital
WDC
$124B
| $153M | 0.09% |
2,559,541
+41,773
| +2% | +$2.51M |
2013 Q2
9 quarters
|
|
|
CERN
219
DELISTED
Cerner Corp
CERN
| $153M | 0.09% |
2,553,474
+31,249
| +1% | +$2.04M |
2013 Q2
9 quarters
|
|
220
Zoetis
ZTS
$32.8B
| $153M | 0.09% |
3,714,861
-243,271
| -6% | -$11.3M |
2013 Q2
9 quarters
|
|
221
Applied Materials
AMAT
$325B
| $153M | 0.09% |
10,407,480
-90,484
| -0.9% | -$1.51M |
2013 Q2
9 quarters
|
|
222
Vornado Realty Trust
VNO
$6.15B
| $152M | 0.09% |
2,083,040
+11,556
| +0.6% | +$872K |
2013 Q2
9 quarters
|
|
223
Fidelity National Information Services
FIS
$18.6B
| $152M | 0.09% |
2,270,426
+7,915
| +0.3% | +$527K |
2013 Q2
9 quarters
|
|
224
Hartford Financial Services
HIG
$36.6B
| $151M | 0.09% |
3,313,199
+18,465
| +0.6% | +$853K |
2013 Q2
9 quarters
|
|
225
Ameriprise Financial
AMP
$44.2B
| $151M | 0.09% |
1,387,974
-7,509
| -0.5% | -$886K |
2013 Q2
9 quarters
|
|
Similar funds
Geode Capital Management's Q3 2015 Portfolio in Review
As of Q3 2015, Geode Capital Management held 4,216 positions worth $165B, down 5.9% from $175B the previous quarter. Its ten largest holdings account for 15% of the portfolio.
Geode Capital Management's Q3 2015 filing shows 234 new, 2,897 increased, 624 reduced and 88 closed positions. Its largest new stake was Allergan plc: 3,134,775 shares worth $850M. The largest sale was KRAFT FOODS GROUP INC COM STK (VA), an estimated $394M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 15% a quarter earlier, followed by Healthcare and Technology.
- Geode Capital Management's largest Q3 2015 buy was Allergan plc: 3,134,775 shares worth $850M.
- Geode Capital Management added most to AT&T in Q3 2015, an estimated $279M increase.
- Geode Capital Management's biggest Q3 2015 reduction was eBay, cutting an estimated $327M.
- Geode Capital Management fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q3 2015, selling an estimated $394M.
- Geode Capital Management's ten largest holdings make up 15% of its $165B portfolio in Q3 2015.
- Geode Capital Management opened 234 new positions and closed 88 in Q3 2015.
- Geode Capital Management's portfolio value fell 5.9% quarter-over-quarter to $165B.
Based on Geode Capital Management's 13F filing for Q3 2015, filed 13 Nov 2015.