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 | |
|---|---|---|---|---|---|---|
2301
Westwood Holdings Group
WHG
$190M
| $2.79M | ﹤0.01% |
52,549
+2,323
| +5% | +$122K |
|
|
FSB
2302
DELISTED
Franklin Financial Network, Inc.
FSB
| $2.79M | ﹤0.01% |
74,530
+49,755
| +201% | +$1.69M |
|
2303
American Vanguard Corp
AVD
$68.9M
| $2.78M | ﹤0.01% |
172,874
+3,854
| +2% | +$62.6K |
|
|
ADXS
2304
DELISTED
Advaxis Inc
ADXS
| $2.77M | ﹤0.01% |
17,282
+4,694
| +37% | +$764K |
|
|
RSO
2305
DELISTED
Resource Capital Corp.
RSO
| $2.77M | ﹤0.01% |
216,374
+3,059
| +1% | +$39.8K |
|
|
FARM
2306
DELISTED
Farmer Brothers
FARM
| $2.77M | ﹤0.01% |
77,884
+25,052
| +47% | +$808K |
|
|
DVAX
2307
DELISTED
Dynavax Technologies
DVAX
| $2.76M | ﹤0.01% |
263,527
+3,436
| +1% | +$49.4K |
|
|
KDNY
2308
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $2.76M | ﹤0.01% |
44,479
+11,848
| +36% | +$838K |
|
|
VRTV
2309
DELISTED
VERITIV CORPORATION
VRTV
| $2.76M | ﹤0.01% |
55,084
+1,561
| +3% | +$72.2K |
|
2310
TAL Education Group
TAL
$6.87B
| $2.76M | ﹤0.01% |
235,044
+29,346
| +14% | +$309K |
|
|
SCNB
2311
DELISTED
Suffolk Bancorp
SCNB
| $2.76M | ﹤0.01% |
79,336
+4,711
| +6% | +$159K |
|
|
TSC
2312
DELISTED
TriState Capital Holdings, Inc.
TSC
| $2.75M | ﹤0.01% |
170,319
+21,743
| +15% | +$322K |
|
2313
Horizon Bancorp
HBNC
$1.04B
| $2.74M | ﹤0.01% |
209,970
+66,177
| +46% | +$811K |
|
|
SCMP
2314
DELISTED
Sucampo Pharmaceuticals, Inc.
SCMP
| $2.74M | ﹤0.01% |
222,377
+5,847
| +3% | +$68.9K |
|
2315
Cohu
COHU
$2.5B
| $2.73M | ﹤0.01% |
232,917
+49,434
| +27% | +$546K |
|
|
SRNE
2316
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $2.73M | ﹤0.01% |
352,673
+159,628
| +83% | +$1.07M |
|
2317
Powell Industries
POWL
$7.71B
| $2.73M | ﹤0.01% |
204,369
+3,852
| +2% | +$49.1K |
|
|
GBNK
2318
DELISTED
Guaranty Bancorp
GBNK
| $2.72M | ﹤0.01% |
152,480
+4,104
| +3% | +$72K |
|
|
FTD
2319
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $2.72M | ﹤0.01% |
132,175
-2,448
| -2% | -$58.7K |
|
|
TACO
2320
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $2.72M | ﹤0.01% |
228,072
+2,409
| +1% | +$25.7K |
|
|
COWN
2321
DELISTED
Cowen Inc. Class A Common Stock
COWN
| $2.71M | ﹤0.01% |
186,941
+2,731
| +1% | +$36.2K |
|
2322
Citizens
CIA
$192M
| $2.71M | ﹤0.01% |
289,753
+4,615
| +2% | +$42.8K |
|
2323
Financial Institutions
FISI
$821M
| $2.71M | ﹤0.01% |
100,010
-735
| -0.7% | -$19.6K |
|
|
ACRE
2324
Ares Commercial Real Estate
ACRE
$270M
| $2.71M | ﹤0.01% |
214,796
-3,312
| -2% | -$41.7K |
|
2325
Ribbon Communications
RBBN
$383M
| $2.7M | ﹤0.01% |
346,931
-3,695
| -1% | -$32.3K |
|
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.