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 |
Dow Inc
DOW
|
+$511M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$442M |
| 3 |
Microsoft
MSFT
|
+$392M |
| 4 |
Amazon
AMZN
|
+$348M |
| 5 |
Corteva
CTVA
|
+$288M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$419M |
| 2 |
Cisco
CSCO
|
+$141M |
| 3 |
Altria Group
MO
|
+$135M |
| 4 |
TJX Companies
TJX
|
+$114M |
| 5 |
ULTI
Ultimate Software Group Inc
ULTI
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.3% |
| 2 | Financials | 15.46% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.38% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ESSA
3101
DELISTED
ESSA Bancorp
ESSA
| $1.3M | ﹤0.01% |
85,399
+7,211
| +9% | +$111K |
|
3102
SSR Mining
SSRM
$6.52B
| $1.3M | ﹤0.01% |
95,166
+4,888
| +5% | +$58.3K |
|
3103
AB InBev
BUD
$159B
| $1.3M | ﹤0.01% |
14,683
+729
| +5% | +$62.5K |
|
|
FONR
3104
DELISTED
Fonar
FONR
| $1.3M | ﹤0.01% |
60,361
-8,957
| -13% | -$183K |
|
3105
Inspired Entertainment
INSE
$164M
| $1.29M | ﹤0.01% |
153,366
+68,115
| +80% | +$526K |
|
3106
Restaurant Brands International
QSR
$25.6B
| $1.29M | ﹤0.01% |
18,618
+8,993
| +93% | +$602K |
|
|
CNST
3107
DELISTED
Constellation Pharmaceuticals, Inc.
CNST
| $1.29M | ﹤0.01% |
105,234
+15,647
| +17% | +$174K |
|
3108
Teekay
TK
$991M
| $1.28M | ﹤0.01% |
373,810
+85,129
| +29% | +$328K |
|
|
PCOM
3109
DELISTED
Points.com Inc. Common Shares
PCOM
| $1.28M | ﹤0.01% |
103,984
+19,560
| +23% | +$239K |
|
3110
Viper Energy
VNOM
$15.4B
| $1.28M | ﹤0.01% |
41,582
+2,342
| +6% | +$72.5K |
|
3111
Frontline
FRO
$8.49B
| $1.28M | ﹤0.01% |
159,682
-173,696
| -52% | -$1.38M |
|
3112
LiqTech
LIQT
$23.1M
| $1.27M | ﹤0.01% |
16,055
+2,609
| +19% | +$179K |
|
3113
Avalo Therapeutics
AVTX
$1.04B
| $1.27M | ﹤0.01% |
81
+38
| +88% | +$576K |
|
|
AGD
3114
abrdn Global Dynamic Dividend Fund
AGD
$326M
| $1.26M | ﹤0.01% |
131,268
+23,213
| +21% | +$219K |
|
3115
Biglari Holdings Class B
BH
$1.2B
| $1.26M | ﹤0.01% |
12,150
+101
| +0.8% | +$12.1K |
|
|
DZSI
3116
DELISTED
DZS Inc. Common Stock
DZSI
| $1.26M | ﹤0.01% |
97,112
+46,305
| +91% | +$550K |
|
3117
Gaia
GAIA
$31.5M
| $1.26M | ﹤0.01% |
166,166
+5,818
| +4% | +$48.9K |
|
|
SHSP
3118
DELISTED
SharpSpring, Inc.
SHSP
| $1.26M | ﹤0.01% |
96,824
+55,292
| +133% | +$925K |
|
|
PVLA
3119
Palvella Therapeutics
PVLA
$2.22B
| $1.25M | ﹤0.01% |
3,333
+233
| +8% | +$69.5K |
|
|
MFNC
3120
DELISTED
Mackinac Financial Corporation
MFNC
| $1.25M | ﹤0.01% |
79,281
+58,683
| +285% | +$926K |
|
|
CMLS
3121
DELISTED
Cumulus Media Inc. Class A Common Stock
CMLS
| $1.24M | ﹤0.01% |
+67,010
| New | +$1.17M |
|
3122
Alico
ALCO
$307M
| $1.24M | ﹤0.01% |
40,834
+6,569
| +19% | +$182K |
|
3123
EyePoint Inc
EYPT
$1.13B
| $1.24M | ﹤0.01% |
75,498
+32,170
| +74% | +$541K |
|
3124
Liquidia Corp
LQDA
$7.83B
| $1.23M | ﹤0.01% |
154,361
+85,897
| +125% | +$807K |
|
|
VBIV
3125
DELISTED
VBI Vaccines, Inc. New Common Stock (Canada)
VBIV
| $1.23M | ﹤0.01% |
35,122
+14,119
| +67% | +$766K |
|
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Geode Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Geode Capital Management held 4,308 positions worth $413B, up 7.1% from $386B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management deployed $13.5B of net new capital in Q2 2019, opening 177 new positions and adding to 3,043 existing holdings. Its largest new stake was Dow Inc: 9,682,103 shares worth $477M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $419M trimmed.
- Geode Capital Management's largest Q2 2019 buy was Dow Inc: 9,682,103 shares worth $477M.
- Geode Capital Management added most to Alphabet (Google) Class A in Q2 2019, an estimated $442M increase.
- Geode Capital Management's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $419M.
- Geode Capital Management fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $109M.
- Geode Capital Management's ten largest holdings make up 17% of its $413B portfolio in Q2 2019.
- Geode Capital Management opened 177 new positions and closed 101 in Q2 2019.
- Geode Capital Management's portfolio value rose 7.1% quarter-over-quarter to $413B.
Based on Geode Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.