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 |
Apple
AAPL
|
+$145M |
| 2 |
Chubb
CB
|
+$135M |
| 3 |
Microsoft
MSFT
|
+$129M |
| 4 |
Broadcom
AVGO
|
+$123M |
| 5 |
Johnson & Johnson
JNJ
|
+$120M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$271M |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$250M |
| 3 |
CB
CHUBB CORPORATION
CB
|
+$244M |
| 4 |
GMCR
KEURIG GREEN MTN INC
GMCR
|
+$89.3M |
| 5 |
PCL
PLUM CREEK TIMBER CO (REIT)
PCL
|
+$66.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14% |
| 2 | Healthcare | 13.57% |
| 3 | Financials | 13.53% |
| 4 | Industrials | 9.98% |
| 5 | Consumer Discretionary | 9.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2226
Energy Recovery
ERII
$471M
| $2.57K | ﹤0.01% |
249,003
+3,687
| +2% | +$26.9K |
|
2227
Liberty Latin America Class A
LILA
$1.69B
| $2.57K | ﹤0.01% |
114,573
+8,941
| +8% | +$199K |
|
|
MPG
2228
DELISTED
Metaldyne Performance Group Inc.
MPG
| $2.57K | ﹤0.01% |
152,806
+8,868
| +6% | +$124K |
|
|
P
2229
Everpure Inc
P
$28.1B
| $2.56K | ﹤0.01% |
187,413
+18,178
| +11% | +$241K |
|
|
IVC
2230
DELISTED
Invacare Corporation
IVC
| $2.56K | ﹤0.01% |
194,492
+3,233
| +2% | +$45.8K |
|
|
STFC
2231
DELISTED
State Auto Financial Corp
STFC
| $2.56K | ﹤0.01% |
116,087
+1,699
| +1% | +$35.9K |
|
|
CSBK
2232
DELISTED
Clifton Bancorp Inc.
CSBK
| $2.56K | ﹤0.01% |
169,289
+190
| +0.1% | +$2.75K |
|
|
DERM
2233
DELISTED
Dermira, Inc.
DERM
| $2.55K | ﹤0.01% |
123,424
+8,952
| +8% | +$220K |
|
|
MITT
2234
TPG Mortgage Investment Trust
MITT
$227M
| $2.55K | ﹤0.01% |
65,105
+378
| +0.6% | +$13.8K |
|
|
DTSI
2235
DELISTED
DTS, Inc.
DTSI
| $2.55K | ﹤0.01% |
116,925
+5,268
| +5% | +$116K |
|
2236
Federal Agricultural Mortgage
AGM
$2.64B
| $2.54K | ﹤0.01% |
67,446
-3,212
| -5% | -$104K |
|
2237
Rayonier Advanced Materials
RYAM
$593M
| $2.54K | ﹤0.01% |
267,471
-2,718
| -1% | -$21.4K |
|
2238
First Bancorp
FBNC
$2.71B
| $2.54K | ﹤0.01% |
134,686
-2,536
| -2% | -$47.3K |
|
2239
Box
BOX
$4.39B
| $2.54K | ﹤0.01% |
206,871
+16,114
| +8% | +$183K |
|
|
CCRN
2240
DELISTED
Cross Country Healthcare
CCRN
| $2.53K | ﹤0.01% |
217,889
+14,219
| +7% | +$181K |
|
2241
Celldex Therapeutics
CLDX
$3.07B
| $2.53K | ﹤0.01% |
44,639
+732
| +2% | +$82.4K |
|
2242
Ribbon Communications
RBBN
$390M
| $2.53K | ﹤0.01% |
336,244
+4,593
| +1% | +$30.7K |
|
2243
HSBC
HSBC
$363B
| $2.53K | ﹤0.01% |
91,216
-13,211
| -13% | -$391K |
|
2244
Open Text
OTEX
$6.41B
| $2.52K | ﹤0.01% |
97,214
+7,368
| +8% | +$177K |
|
|
SRDX
2245
DELISTED
Surmodics
SRDX
| $2.52K | ﹤0.01% |
136,717
-2,768
| -2% | -$52.1K |
|
2246
Peoples Bancorp
PEBO
$1.5B
| $2.51K | ﹤0.01% |
128,706
+11,111
| +9% | +$202K |
|
2247
Chefs' Warehouse
CHEF
$4.49B
| $2.51K | ﹤0.01% |
123,810
+2,820
| +2% | +$46.5K |
|
2248
Dime Commercial Bancshares
DCOM
$1.84B
| $2.51K | ﹤0.01% |
82,440
+5,236
| +7% | +$150K |
|
2249
Flotek Industries
FTK
$1.03B
| $2.51K | ﹤0.01% |
57,002
+3,405
| +6% | +$150K |
|
|
LBAI
2250
DELISTED
Lakeland Bancorp Inc
LBAI
| $2.51K | ﹤0.01% |
246,946
+15,587
| +7% | +$163K |
|
Similar funds
Geode Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Geode Capital Management held 4,210 positions worth $188M, down 100% from $175B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management deployed $3.95B of net new capital in Q1 2016, opening 62 new positions and adding to 2,901 existing holdings. Its largest new stake was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 14% a quarter earlier, followed by Healthcare and Financials.
On the sell side, the largest reduction was American International, an estimated $28.8M trimmed.
- Geode Capital Management's largest Q1 2016 buy was Forest City Realty Trust, Inc.: 1,672,182 shares worth $35.3K.
- Geode Capital Management added most to Apple in Q1 2016, an estimated $145M increase.
- Geode Capital Management's biggest Q1 2016 reduction was American International, cutting an estimated $28.8M.
- Geode Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $271M.
- Geode Capital Management's ten largest holdings make up 18% of its $188M portfolio in Q1 2016.
- Geode Capital Management opened 62 new positions and closed 115 in Q1 2016.
- Geode Capital Management's portfolio value fell 100% quarter-over-quarter to $188M.
Based on Geode Capital Management's 13F filing for Q1 2016, filed 13 May 2016.