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 | |
|---|---|---|---|---|---|---|
|
CZZ
3426
DELISTED
Cosan Limited
CZZ
| $497K | ﹤0.01% |
37,208
-37,853
| -50% | -$466K |
|
|
PCTI
3427
DELISTED
PCTEL, Inc. Common Stock
PCTI
| $491K | ﹤0.01% |
111,049
+19,210
| +21% | +$94.9K |
|
3428
Curis
CRIS
$4.5M
| $489K | ﹤0.01% |
657
+112
| +21% | +$78.5K |
|
3429
WPP
WPP
$5.83B
| $489K | ﹤0.01% |
7,783
-1,004
| -11% | -$60.9K |
|
|
DSKEW
3430
DELISTED
Daseke, Inc. Warrant
DSKEW
| $489K | ﹤0.01% |
2,222,892
| – | – |
|
|
MACK
3431
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $489K | ﹤0.01% |
102,821
| – | – |
|
3432
Zai Lab
ZLAB
$2.92B
| $488K | ﹤0.01% |
14,007
| – | – |
|
3433
FreightCar America
RAIL
$252M
| $487K | ﹤0.01% |
83,046
-45,734
| -36% | -$295K |
|
|
BFX
3434
DELISTED
BowFlex Inc.
BFX
| $486K | ﹤0.01% |
220,272
-166,221
| -43% | -$656K |
|
|
SREV
3435
DELISTED
ServiceSource International, Inc.
SREV
| $482K | ﹤0.01% |
508,377
-440,263
| -46% | -$435K |
|
|
ACGN
3436
DELISTED
Aceragen Inc
ACGN
| $480K | ﹤0.01% |
10,602
-4,393
| -29% | -$208K |
|
|
SACH
3437
Sachem Capital Corp
SACH
$39M
| $479K | ﹤0.01% |
+90,236
| New | +$437K |
|
|
IHD
3438
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$132M
| $477K | ﹤0.01% |
61,540
-49,197
| -44% | -$379K |
|
3439
Capital Bancorp
CBNK
$614M
| $474K | ﹤0.01% |
38,556
+13,307
| +53% | +$157K |
|
3440
Ramaco Resources Class A
METC
$647M
| $471K | ﹤0.01% |
91,600
+17,732
| +24% | +$102K |
|
|
EVM
3441
DELISTED
Eaton Vance California Municipal Bond Fund
EVM
| $470K | ﹤0.01% |
42,695
-8,570
| -17% | -$92.3K |
|
3442
Sabesp
SBS
$17.7B
| $469K | ﹤0.01% |
199,052
-57,598
| -22% | -$126K |
|
3443
United Bancorp
UBCP
$93M
| $469K | ﹤0.01% |
41,665
| – | – |
|
3444
Compass Diversified
CODI
$927M
| $468K | ﹤0.01% |
+24,535
| New | +$419K |
|
3445
Hudbay
HBM
$12.3B
| $464K | ﹤0.01% |
85,841
-36,600
| -30% | -$217K |
|
3446
Delek Logistics
DKL
$3.11B
| $462K | ﹤0.01% |
14,451
+2,000
| +16% | +$63.3K |
|
3447
Harvard Bioscience
HBIO
$27.6M
| $462K | ﹤0.01% |
23,113
-13,820
| -37% | -$405K |
|
3448
Banco Santander
SAN
$210B
| $460K | ﹤0.01% |
104,918
+30,093
| +40% | +$135K |
|
|
NEOS
3449
DELISTED
Neos Therapeutics, Inc
NEOS
| $460K | ﹤0.01% |
356,635
-115,956
| -25% | -$213K |
|
|
FEO
3450
DELISTED
First Trust/abrdn Emerging Opportunity Fund
FEO
| $458K | ﹤0.01% |
32,637
-14,833
| -31% | -$206K |
|
Similar funds
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.