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 | |
|---|---|---|---|---|---|---|
676
Lumentum
LITE
$63.3B
| $85.4M | 0.02% |
1,076,588
+43,150
| +4% | +$2.82M |
|
677
Deckers Outdoor
DECK
$13.3B
| $85.1M | 0.02% |
3,025,350
-1,650
| -0.1% | -$43.8K |
|
678
Credit Acceptance
CACC
$6.03B
| $85.1M | 0.02% |
192,189
+7,947
| +4% | +$3.5M |
|
|
SBNY
679
DELISTED
Signature Bank
SBNY
| $85M | 0.02% |
623,018
+8,995
| +1% | +$1.13M |
|
680
H&R Block
HRB
$5.82B
| $85M | 0.02% |
3,624,106
+7,540
| +0.2% | +$181K |
|
|
LSI
681
DELISTED
Life Storage, Inc.
LSI
| $84.9M | 0.02% |
1,176,120
+33,660
| +3% | +$2.41M |
|
682
Donaldson
DCI
$11.2B
| $84.7M | 0.02% |
1,470,624
+62,007
| +4% | +$3.37M |
|
|
ZAYO
683
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $84.7M | 0.02% |
2,446,067
+79,213
| +3% | +$2.71M |
|
684
Bread Financial
BFH
$4.38B
| $83.9M | 0.02% |
938,692
+93,853
| +11% | +$8.29M |
|
685
Starwood Property Trust
STWD
$6.16B
| $83.7M | 0.02% |
3,364,432
+126,346
| +4% | +$3.09M |
|
|
NUAN
686
DELISTED
Nuance Communications, Inc.
NUAN
| $83.6M | 0.02% |
4,686,280
-404,579
| -8% | -$6.71M |
|
|
WBC
687
DELISTED
WABCO HOLDINGS INC.
WBC
| $83.5M | 0.02% |
616,692
+15,282
| +3% | +$2.06M |
|
|
OPTU
688
Optimum Communications Inc
OPTU
$306M
| $83.2M | 0.02% |
3,045,438
+111,691
| +4% | +$3.09M |
|
689
Owens Corning
OC
$12.2B
| $83.1M | 0.02% |
1,276,745
+69,298
| +6% | +$4.44M |
|
690
MDU Resources
MDU
$4.29B
| $82.6M | 0.02% |
7,307,472
-352,804
| -5% | -$3.85M |
|
|
TCF
691
DELISTED
TCF Financial Corporation Common Stock
TCF
| $82.3M | 0.02% |
1,759,169
-30,282
| -2% | -$1.26M |
|
692
Ingredion
INGR
$6.53B
| $82.2M | 0.02% |
884,832
+24,589
| +3% | +$2.07M |
|
|
SPR
693
DELISTED
Spirit AeroSystems
SPR
| $81.2M | 0.02% |
1,115,630
+43,435
| +4% | +$3.58M |
|
694
Helmerich & Payne
HP
$4.18B
| $81M | 0.02% |
1,785,705
+53,109
| +3% | +$2.13M |
|
695
Silicon Laboratories
SLAB
$7.2B
| $80.8M | 0.02% |
696,875
+17,473
| +3% | +$1.92M |
|
696
Five Below
FIVE
$13B
| $80.8M | 0.02% |
632,067
+24,643
| +4% | +$3.09M |
|
697
Encompass Health
EHC
$12.5B
| $80.5M | 0.02% |
1,461,651
-13,294
| -0.9% | -$721K |
|
698
XPO
XPO
$23.5B
| $80.5M | 0.02% |
2,923,248
+102,615
| +4% | +$2.82M |
|
699
Sabre
SABR
$835M
| $79.7M | 0.02% |
3,556,454
+100,833
| +3% | +$2.24M |
|
|
PRAH
700
DELISTED
PRA Health Sciences, Inc.
PRAH
| $79.7M | 0.02% |
717,352
+30,111
| +4% | +$3.1M |
|
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.