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 | |
|---|---|---|---|---|---|---|
651
Macy's
M
$6.55B
| $90.1M | 0.02% |
5,286,161
+184,568
| +4% | +$2.89M |
|
652
Oshkosh
OSK
$9.59B
| $89.9M | 0.02% |
949,505
+22,864
| +2% | +$1.97M |
|
653
Bio-Rad Laboratories Class A
BIO
$9.48B
| $89.8M | 0.02% |
242,986
+12,340
| +5% | +$4.35M |
|
654
PTC
PTC
$16.4B
| $89.6M | 0.02% |
1,197,900
+49,815
| +4% | +$3.54M |
|
655
Commerce Bancshares
CBSH
$8.44B
| $89.5M | 0.02% |
1,766,259
+38,005
| +2% | +$1.77M |
|
656
Old Republic International
ORI
$10.3B
| $89.4M | 0.02% |
3,975,226
-468,240
| -11% | -$10.7M |
|
|
MDCO
657
DELISTED
Medicines Co
MDCO
| $89.3M | 0.02% |
1,050,757
+46,525
| +5% | +$3.1M |
|
658
AGCO
AGCO
$7.06B
| $89.2M | 0.02% |
1,154,766
-26,379
| -2% | -$2.02M |
|
659
Lear
LEA
$8.05B
| $89.1M | 0.02% |
649,680
+26,502
| +4% | +$3.28M |
|
|
ZEN
660
DELISTED
ZENDESK INC
ZEN
| $89M | 0.02% |
1,162,060
+56,500
| +5% | +$4.14M |
|
661
IPG Photonics
IPGP
$3.61B
| $89M | 0.02% |
615,351
+16,188
| +3% | +$2.25M |
|
|
XEC
662
DELISTED
CIMAREX ENERGY CO
XEC
| $88.1M | 0.02% |
1,679,989
+65,464
| +4% | +$3.04M |
|
|
CDK
663
DELISTED
CDK Global, Inc.
CDK
| $87.8M | 0.02% |
1,607,698
+176,244
| +12% | +$9.06M |
|
664
Bunge Global
BG
$21.6B
| $87.8M | 0.02% |
1,527,762
-74,783
| -5% | -$4.14M |
|
|
CONE
665
DELISTED
CyrusOne Inc Common Stock
CONE
| $87.7M | 0.02% |
1,341,124
+69,612
| +5% | +$4.78M |
|
|
MASI
666
DELISTED
Masimo
MASI
| $87.6M | 0.02% |
554,452
-44,507
| -7% | -$6.69M |
|
667
Cirrus Logic
CRUS
$6.11B
| $87.6M | 0.02% |
1,062,569
+7,519
| +0.7% | +$509K |
|
668
Ionis Pharmaceuticals
IONS
$9.46B
| $87.1M | 0.02% |
1,443,742
+15,705
| +1% | +$936K |
|
|
HBI
669
DELISTED
Hanesbrands
HBI
| $86.7M | 0.02% |
5,847,179
+216,311
| +4% | +$3.29M |
|
670
JD.com
JD
$45.2B
| $86.6M | 0.02% |
2,471,686
+126,543
| +5% | +$4.08M |
|
671
Rithm Capital
RITM
$5.65B
| $86.2M | 0.02% |
5,324,208
+255,712
| +5% | +$4.01M |
|
672
Rexford Industrial Realty
REXR
$8.13B
| $86M | 0.02% |
1,882,980
+89,368
| +5% | +$4.13M |
|
673
Haemonetics
HAE
$3.94B
| $86M | 0.02% |
748,270
+19,509
| +3% | +$2.36M |
|
|
HPP
674
Hudson Pacific Properties
HPP
$740M
| $85.9M | 0.02% |
325,928
+13,187
| +4% | +$3.25M |
|
675
Frontdoor
FTDR
$5.78B
| $85.9M | 0.02% |
1,810,974
-12,054
| -0.7% | -$565K |
|
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.