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 |
Microsoft
MSFT
|
+$848M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$631M |
| 3 |
Truist Financial
TFC
|
+$445M |
| 4 |
Amazon
AMZN
|
+$334M |
| 5 |
ServiceNow
NOW
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$1.15B |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$466M |
| 3 |
VIAB
Viacom Inc. Class B
VIAB
|
+$139M |
| 4 |
Oracle
ORCL
|
+$136M |
| 5 |
Intuitive Surgical
ISRG
|
+$111M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.79% |
| 2 | Financials | 15.45% |
| 3 | Healthcare | 13.87% |
| 4 | Consumer Discretionary | 9.9% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
301
MGM Resorts International
MGM
$11.2B
| $309M | 0.06% |
9,304,118
+653,416
| +8% | +$19.9M |
|
302
Freeport-McMoran
FCX
$97.5B
| $309M | 0.06% |
23,597,585
+2,239,244
| +10% | +$24.6M |
|
303
Copart
CPRT
$27.5B
| $308M | 0.06% |
13,566,236
+883,676
| +7% | +$18.9M |
|
304
Mid-America Apartment Communities
MAA
$15.7B
| $308M | 0.06% |
2,335,767
+146,484
| +7% | +$19.6M |
|
|
GRMN
305
Garmin
GRMN
$60B
| $306M | 0.06% |
3,144,569
+427,875
| +16% | +$39.9M |
|
306
Ameren
AEE
$30.1B
| $306M | 0.06% |
3,995,788
+43,701
| +1% | +$3.32M |
|
307
lululemon athletica
LULU
$14.6B
| $304M | 0.06% |
1,311,432
+74,217
| +6% | +$15.8M |
|
308
International Paper
IP
$22B
| $300M | 0.06% |
6,887,548
+192,526
| +3% | +$8.08M |
|
309
CMS Energy
CMS
$22.3B
| $298M | 0.06% |
4,752,843
+255,850
| +6% | +$15.9M |
|
310
Omnicom Group
OMC
$23.4B
| $292M | 0.06% |
3,609,263
+131
| +0% | +$10.3K |
|
311
Vulcan Materials
VMC
$36.9B
| $292M | 0.06% |
2,030,927
+53,829
| +3% | +$7.71M |
|
312
Arthur J. Gallagher & Co
AJG
$63.6B
| $292M | 0.06% |
3,068,035
+123,934
| +4% | +$11.4M |
|
313
Regions Financial
RF
$26.8B
| $288M | 0.06% |
16,825,639
+168,570
| +1% | +$2.78M |
|
314
Alexandria Real Estate Equities
ARE
$8.56B
| $287M | 0.06% |
1,779,157
+104,396
| +6% | +$16.5M |
|
315
Citizens Financial Group
CFG
$30.6B
| $285M | 0.06% |
7,036,068
+6,326
| +0.1% | +$237K |
|
316
Church & Dwight Co
CHD
$24.5B
| $280M | 0.06% |
3,981,596
+77,236
| +2% | +$5.49M |
|
317
Host Hotels & Resorts
HST
$16B
| $279M | 0.06% |
15,064,580
+558,982
| +4% | +$9.67M |
|
318
Fortinet
FTNT
$117B
| $278M | 0.06% |
13,062,730
+280,955
| +2% | +$5.29M |
|
319
Cincinnati Financial
CINF
$27.1B
| $278M | 0.06% |
2,649,467
+24,545
| +0.9% | +$2.68M |
|
320
Nucor
NUE
$62.1B
| $278M | 0.06% |
4,948,213
+181,017
| +4% | +$9.87M |
|
321
Carnival Corporation Ltd
CCL
$39.7B
| $278M | 0.06% |
5,478,379
+189,026
| +4% | +$8.44M |
|
|
CXO
322
DELISTED
CONCHO RESOURCES INC.
CXO
| $277M | 0.06% |
3,171,267
+124,513
| +4% | +$8.98M |
|
323
Martin Marietta Materials
MLM
$33B
| $276M | 0.06% |
988,363
+64,941
| +7% | +$17.3M |
|
324
Blackstone
BX
$110B
| $276M | 0.06% |
4,935,530
+125,463
| +3% | +$6.51M |
|
325
Extra Space Storage
EXR
$31.6B
| $275M | 0.06% |
2,608,412
+184,378
| +8% | +$20.1M |
|
Similar funds
Geode Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Geode Capital Management held 4,322 positions worth $478B, up 12% from $428B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Geode Capital Management's Q4 2019 filing shows 132 new, 3,091 increased, 523 reduced and 113 closed positions. Its largest new stake was Apollo Global Management: 1,482,213 shares worth $70.7M. The largest sale was Celgene Corp, an estimated $1.15B.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2019 buy was Apollo Global Management: 1,482,213 shares worth $70.7M.
- Geode Capital Management added most to Microsoft in Q4 2019, an estimated $848M increase.
- Geode Capital Management's biggest Q4 2019 reduction was Oracle, cutting an estimated $136M.
- Geode Capital Management fully exited Celgene Corp in Q4 2019, selling an estimated $1.15B.
- Geode Capital Management's ten largest holdings make up 19% of its $478B portfolio in Q4 2019.
- Geode Capital Management opened 132 new positions and closed 113 in Q4 2019.
- Geode Capital Management's portfolio value rose 12% quarter-over-quarter to $478B.
Based on Geode Capital Management's 13F filing for Q4 2019, filed 13 Feb 2020.