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 | |
|---|---|---|---|---|---|---|---|
1
Apple
AAPL
$4.91T
| $5.19B | 3.15% |
188,407,780
-103,136
| -0.1% | -$3.02M |
2013 Q2
9 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$4.25T
| $3.01B | 1.83% |
96,890,040
+2,679,760
| +3% | +$82.3M |
2013 Q2
9 quarters
|
|
3
Microsoft
MSFT
$3.97T
| $2.97B | 1.8% |
67,177,022
+5,762
| +0% | +$259K |
2013 Q2
9 quarters
|
|
4
ExxonMobil
XOM
$695B
| $2.56B | 1.55% |
34,534,920
+222,617
| +0.6% | +$17.2M |
2013 Q2
9 quarters
|
|
5
Johnson & Johnson
JNJ
$630B
| $2.14B | 1.3% |
22,925,192
+245,490
| +1% | +$23.7M |
2013 Q2
9 quarters
|
|
6
GE Aerospace
GE
$320B
| $2.08B | 1.26% |
17,238,115
+174,079
| +1% | +$21.3M |
2013 Q2
9 quarters
|
|
7
Berkshire Hathaway Class B
BRK.B
$1.1T
| $2B | 1.21% |
15,347,829
+369,460
| +2% | +$50.6M |
2013 Q2
9 quarters
|
|
8
Wells Fargo
WFC
$253B
| $1.98B | 1.2% |
38,622,158
+493,962
| +1% | +$27.2M |
2013 Q2
9 quarters
|
|
9
JPMorgan Chase
JPM
$885B
| $1.86B | 1.13% |
30,509,979
+208,374
| +0.7% | +$13.6M |
2013 Q2
9 quarters
|
|
10
Meta Platforms (Facebook)
META
$1.83T
| $1.66B | 1.01% |
18,533,555
+1,308,004
| +8% | +$120M |
2013 Q2
9 quarters
|
|
|
11
AT&T
T
$152B
| $1.65B | 1% |
67,037,948
+10,931,052
| +19% | +$279M |
2013 Q2
9 quarters
|
|
12
Procter & Gamble
PG
$351B
| $1.63B | 0.99% |
22,662,939
+291,436
| +1% | +$21.9M |
2013 Q2
9 quarters
|
|
13
Amazon
AMZN
$2.83T
| $1.62B | 0.98% |
63,563,180
+823,920
| +1% | +$20.8M |
2013 Q2
9 quarters
|
|
14
Pfizer
PFE
$161B
| $1.61B | 0.98% |
54,156,090
+592,720
| +1% | +$19M |
2013 Q2
9 quarters
|
|
15
Verizon
VZ
$173B
| $1.41B | 0.86% |
32,568,913
+139,687
| +0.4% | +$6.45M |
2013 Q2
9 quarters
|
|
16
Bank of America
BAC
$380B
| $1.34B | 0.81% |
86,299,877
+582,814
| +0.7% | +$9.81M |
2013 Q2
9 quarters
|
|
17
Walt Disney
DIS
$187B
| $1.26B | 0.76% |
12,317,139
+46,992
| +0.4% | +$5.12M |
2013 Q2
9 quarters
|
|
18
Coca-Cola
KO
$379B
| $1.24B | 0.75% |
30,971,300
+107,375
| +0.3% | +$4.3M |
2013 Q2
9 quarters
|
|
19
Intel
INTC
$553B
| $1.24B | 0.75% |
41,177,668
+607,737
| +1% | +$17.6M |
2013 Q2
9 quarters
|
|
20
Citigroup
C
$217B
| $1.22B | 0.74% |
24,652,874
+14,260
| +0.1% | +$779K |
2013 Q2
9 quarters
|
|
21
Chevron
CVX
$416B
| $1.21B | 0.74% |
15,393,378
+48,474
| +0.3% | +$4.08M |
2013 Q2
9 quarters
|
|
22
Gilead Sciences
GILD
$187B
| $1.19B | 0.72% |
12,144,446
+108,350
| +0.9% | +$12M |
2013 Q2
9 quarters
|
|
23
Home Depot
HD
$290B
| $1.17B | 0.71% |
10,191,416
-42,879
| -0.4% | -$4.96M |
2013 Q2
9 quarters
|
|
24
Merck
MRK
$359B
| $1.16B | 0.7% |
24,558,782
+169,291
| +0.7% | +$8.99M |
2013 Q2
9 quarters
|
|
25
Cisco
CSCO
$467B
| $1.15B | 0.7% |
44,008,593
+437,496
| +1% | +$11.8M |
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.