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 | |
|---|---|---|---|---|---|---|
2251
Natural Health Trends
NHTC
$14.8M
| $3M | ﹤0.01% |
106,147
-9,925
| -9% | -$308K |
|
|
NATL
2252
DELISTED
National Interstate Corporation
NATL
| $3M | ﹤0.01% |
92,198
-923
| -1% | -$29.6K |
|
|
OSG
2253
DELISTED
Overseas Shipholding Group Inc.
OSG
| $3M | ﹤0.01% |
283,467
+224,298
| +379% | +$2.57M |
|
|
ARNA
2254
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $3M | ﹤0.01% |
171,226
+1,708
| +1% | +$28.3K |
|
2255
Mercantile Bank Corp
MBWM
$1.05B
| $2.97M | ﹤0.01% |
110,730
+2,872
| +3% | +$74.4K |
|
2256
Arrow Financial
AROW
$652M
| $2.97M | ﹤0.01% |
111,321
+669
| +0.6% | +$16.9K |
|
|
TRTN
2257
DELISTED
Triton International Limited
TRTN
| $2.97M | ﹤0.01% |
+225,282
| New | +$3.41M |
|
2258
Artesian Resources
ARTNA
$358M
| $2.97M | ﹤0.01% |
103,999
+25
| +0% | +$768 |
|
2259
First Bancorp
FBNC
$2.68B
| $2.96M | ﹤0.01% |
149,779
+7,147
| +5% | +$136K |
|
2260
Par Pacific Holdings
PARR
$3.32B
| $2.96M | ﹤0.01% |
226,047
+25,604
| +13% | +$357K |
|
2261
NMI Holdings
NMIH
$3.36B
| $2.95M | ﹤0.01% |
387,535
+22,876
| +6% | +$160K |
|
|
LDR
2262
DELISTED
Landauer Inc
LDR
| $2.95M | ﹤0.01% |
66,303
+1,709
| +3% | +$75.4K |
|
2263
Rigel Pharmaceuticals
RIGL
$750M
| $2.95M | ﹤0.01% |
80,286
+5,491
| +7% | +$157K |
|
2264
West Bancorporation
WTBA
$485M
| $2.94M | ﹤0.01% |
150,156
+45
| +0% | +$862 |
|
|
PGNX
2265
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $2.94M | ﹤0.01% |
464,479
+7,204
| +2% | +$43.5K |
|
|
EXAC
2266
DELISTED
Exactech Inc
EXAC
| $2.92M | ﹤0.01% |
107,959
-1,443
| -1% | -$39.7K |
|
|
FDML
2267
DELISTED
Federal-Mogul Holdings Corporation
FDML
| $2.91M | ﹤0.01% |
303,198
+5,095
| +2% | +$46.4K |
|
|
EPZM
2268
DELISTED
Epizyme, Inc
EPZM
| $2.91M | ﹤0.01% |
295,821
-5,403
| -2% | -$49.3K |
|
2269
OFG Bancorp
OFG
$2.21B
| $2.91M | ﹤0.01% |
287,493
+8,453
| +3% | +$86.4K |
|
2270
Icahn Enterprises
IEP
$5.3B
| $2.9M | ﹤0.01% |
57,429
+3,094
| +6% | +$163K |
|
|
NILE
2271
DELISTED
Blue Nile, Inc.
NILE
| $2.9M | ﹤0.01% |
84,363
+1,408
| +2% | +$45.1K |
|
|
ENT
2272
DELISTED
Global Eagle Entertainment Inc.
ENT
| $2.89M | ﹤0.01% |
13,914
+120
| +0.9% | +$24.5K |
|
|
IL
2273
DELISTED
IntraLinks Holdings Inc.
IL
| $2.89M | ﹤0.01% |
286,928
-14,511
| -5% | -$123K |
|
2274
Casella Waste Systems
CWST
$5.69B
| $2.88M | ﹤0.01% |
279,953
+3,665
| +1% | +$33.4K |
|
2275
Evolent Health
EVH
$447M
| $2.88M | ﹤0.01% |
116,812
+27,622
| +31% | +$646K |
|
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.