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 | |
|---|---|---|---|---|---|---|
551
Flowserve
FLS
$10.2B
| $103M | 0.02% |
1,957,010
+67,333
| +4% | +$3.31M |
|
552
Old Dominion Freight Line
ODFL
$44.9B
| $103M | 0.02% |
2,066,610
+87,540
| +4% | +$4.26M |
|
553
ON Semiconductor
ON
$31.6B
| $103M | 0.02% |
5,075,940
+379,121
| +8% | +$7.83M |
|
554
Targa Resources
TRGP
$55.1B
| $102M | 0.02% |
2,598,775
+87,952
| +4% | +$3.49M |
|
555
Vistra
VST
$47.4B
| $102M | 0.02% |
4,506,683
-442,632
| -9% | -$11.1M |
|
556
PTC
PTC
$16B
| $102M | 0.02% |
1,136,514
-36,489
| -3% | -$3.27M |
|
557
West Pharmaceutical
WST
$24.9B
| $102M | 0.02% |
811,367
-2,074
| -0.3% | -$245K |
|
558
DaVita
DVA
$11.7B
| $101M | 0.02% |
1,803,263
+89,928
| +5% | +$4.66M |
|
559
KKR & Co
KKR
$92.3B
| $101M | 0.02% |
3,989,749
+116,505
| +3% | +$2.79M |
|
560
Ionis Pharmaceuticals
IONS
$9.4B
| $100M | 0.02% |
1,561,997
+145,075
| +10% | +$10.3M |
|
561
First American
FAF
$7.58B
| $100M | 0.02% |
1,863,486
+62,393
| +3% | +$3.4M |
|
|
SAGE
562
DELISTED
Sage Therapeutics
SAGE
| $100M | 0.02% |
546,472
+21,686
| +4% | +$3.7M |
|
|
SEE
563
DELISTED
Sealed Air
SEE
| $100M | 0.02% |
2,342,164
+126,250
| +6% | +$5.56M |
|
564
Rollins
ROL
$18.2B
| $99.8M | 0.02% |
4,169,108
+140,810
| +3% | +$3.63M |
|
565
Bread Financial
BFH
$4.38B
| $99.7M | 0.02% |
893,200
+77,551
| +10% | +$9.38M |
|
566
Bright Horizons
BFAM
$3.86B
| $99.7M | 0.02% |
660,563
+21,653
| +3% | +$2.9M |
|
567
Fair Isaac
FICO
$22.5B
| $99.6M | 0.02% |
317,247
+8,310
| +3% | +$2.41M |
|
568
Toro Company
TTC
$9.49B
| $99.3M | 0.02% |
1,481,486
+280,136
| +23% | +$19.7M |
|
569
Reliance Steel & Aluminium
RS
$21.6B
| $98.4M | 0.02% |
1,039,675
+718
| +0.1% | +$64.3K |
|
570
EPAM Systems
EPAM
$5.03B
| $98.2M | 0.02% |
567,766
+34,004
| +6% | +$5.86M |
|
571
Assurant
AIZ
$14.3B
| $97.3M | 0.02% |
916,466
+34,303
| +4% | +$3.39M |
|
572
Brixmor Property Group
BRX
$9.32B
| $97M | 0.02% |
5,424,136
+431,583
| +9% | +$7.75M |
|
573
Bath & Body Works
BBWI
$4.1B
| $96.9M | 0.02% |
4,577,015
+546,779
| +14% | +$10.8M |
|
|
ZEN
574
DELISTED
ZENDESK INC
ZEN
| $96.8M | 0.02% |
1,087,684
+42,700
| +4% | +$3.67M |
|
575
Cognex
CGNX
$11.3B
| $96.7M | 0.02% |
2,017,182
+48,901
| +2% | +$2.35M |
|
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.