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 | |
|---|---|---|---|---|---|---|
|
JWN
751
DELISTED
Nordstrom
JWN
| $70.5M | 0.01% |
1,725,036
+68,454
| +4% | +$2.53M |
|
752
Maximus
MMS
$2.9B
| $70.1M | 0.01% |
942,396
+12,116
| +1% | +$910K |
|
|
SRC
753
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $70M | 0.01% |
1,423,807
+197,269
| +16% | +$9.81M |
|
754
CACI
CACI
$14.3B
| $70M | 0.01% |
280,048
+9,466
| +3% | +$2.2M |
|
755
Planet Fitness
PLNT
$3.7B
| $70M | 0.01% |
937,288
-106,204
| -10% | -$7.16M |
|
|
MFA
756
MFA Financial
MFA
$919M
| $69.9M | 0.01% |
2,265,571
+89,968
| +4% | +$2.75M |
|
|
BERY
757
DELISTED
Berry Global Group, Inc.
BERY
| $69.8M | 0.01% |
1,601,540
+43,017
| +3% | +$1.7M |
|
758
Acuity Brands
AYI
$10.6B
| $69.6M | 0.01% |
504,782
+35,212
| +7% | +$4.53M |
|
759
Performance Food Group
PFGC
$17.9B
| $69.5M | 0.01% |
1,350,743
+63,548
| +5% | +$2.91M |
|
760
First Financial Bankshares
FFIN
$4.93B
| $69.4M | 0.01% |
1,978,297
+53,223
| +3% | +$1.83M |
|
761
Acadia Pharmaceuticals
ACAD
$5.06B
| $69.3M | 0.01% |
1,621,059
+128,565
| +9% | +$5.59M |
|
|
RETA
762
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $69.3M | 0.01% |
339,122
+45,169
| +15% | +$8.24M |
|
763
Healthcare Realty
HR
$6.73B
| $69.3M | 0.01% |
2,288,409
+115,582
| +5% | +$3.45M |
|
764
Sonoco
SON
$5.72B
| $69M | 0.01% |
1,118,684
+42,288
| +4% | +$2.5M |
|
765
Axalta
AXTA
$8.01B
| $69M | 0.01% |
2,270,651
+132,707
| +6% | +$3.91M |
|
766
Curtiss-Wright
CW
$25.6B
| $68.8M | 0.01% |
488,045
+14,550
| +3% | +$1.97M |
|
767
Casey's General Stores
CASY
$31.6B
| $68.7M | 0.01% |
432,075
+14,466
| +3% | +$2.39M |
|
768
Middleby
MIDD
$5.89B
| $68.7M | 0.01% |
627,584
+31,057
| +5% | +$3.56M |
|
|
SVC
769
Service Properties Trust
SVC
$1.05B
| $68.5M | 0.01% |
562,755
-16,914
| -3% | -$2.06M |
|
770
Ziff Davis
ZD
$2B
| $68.2M | 0.01% |
836,588
+30,045
| +4% | +$2.48M |
|
771
Popular Inc
BPOP
$11.1B
| $68.1M | 0.01% |
1,159,436
+24,636
| +2% | +$1.38M |
|
|
SRCL
772
DELISTED
Stericycle Inc
SRCL
| $67.7M | 0.01% |
1,060,445
+43,578
| +4% | +$2.58M |
|
773
Tetra Tech
TTEK
$8.97B
| $67.4M | 0.01% |
3,908,620
+93,430
| +2% | +$1.62M |
|
774
Helen of Troy
HELE
$680M
| $67.2M | 0.01% |
373,709
+12,547
| +3% | +$2.01M |
|
775
Churchill Downs
CHDN
$6.02B
| $67M | 0.01% |
977,202
+33,532
| +4% | +$2.18M |
|
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.