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 | |
|---|---|---|---|---|---|---|
801
Repligen
RGEN
$9.21B
| $64.1M | 0.01% |
692,992
+12,717
| +2% | +$1.07M |
|
|
ZNGA
802
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $63.5M | 0.01% |
10,373,867
+199,027
| +2% | +$1.23M |
|
|
WPX
803
DELISTED
WPX Energy, Inc.
WPX
| $63.3M | 0.01% |
4,610,570
+110,708
| +2% | +$1.18M |
|
804
FTI Consulting
FCN
$4.17B
| $62.9M | 0.01% |
567,992
+1,264
| +0.2% | +$138K |
|
805
Under Armour
UAA
$2.52B
| $62.7M | 0.01% |
2,907,633
+116,688
| +4% | +$2.27M |
|
|
SKX
806
DELISTED
Skechers
SKX
| $62.6M | 0.01% |
1,449,437
+53,307
| +4% | +$2.1M |
|
807
First Horizon
FHN
$12B
| $62.6M | 0.01% |
3,778,942
+248,187
| +7% | +$4.03M |
|
808
Polaris
PII
$3.97B
| $62.5M | 0.01% |
615,483
+17,537
| +3% | +$1.7M |
|
809
Keurig Dr Pepper
KDP
$39.9B
| $62.5M | 0.01% |
2,157,626
+53,248
| +3% | +$1.53M |
|
810
BWX Technologies
BWXT
$15.5B
| $62.4M | 0.01% |
1,004,542
+44,567
| +5% | +$2.65M |
|
811
Valley National Bancorp
VLY
$8.1B
| $62.3M | 0.01% |
5,443,948
+1,006,767
| +23% | +$11.6M |
|
812
Hancock Whitney
HWC
$6.21B
| $62M | 0.01% |
1,413,456
-18,834
| -1% | -$764K |
|
|
FLG
813
Flagstar Bank National Association
FLG
$5.82B
| $61.7M | 0.01% |
1,710,645
+56,899
| +3% | +$2.1M |
|
814
Idacorp
IDA
$8.08B
| $61.6M | 0.01% |
576,787
-13,911
| -2% | -$1.49M |
|
|
ALE
815
DELISTED
Allete
ALE
| $61.5M | 0.01% |
757,438
+35,052
| +5% | +$2.9M |
|
|
ATH
816
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $61.5M | 0.01% |
1,308,377
-14,872
| -1% | -$646K |
|
|
EQC
817
DELISTED
Equity Commonwealth
EQC
| $61.4M | 0.01% |
1,870,033
-35,036
| -2% | -$1.13M |
|
818
Exelixis
EXEL
$13.1B
| $61.4M | 0.01% |
3,481,969
+105,861
| +3% | +$1.79M |
|
819
Cullen/Frost Bankers
CFR
$10.3B
| $61.3M | 0.01% |
627,150
+25,031
| +4% | +$2.33M |
|
820
Zurn Elkay Water Solutions
ZWS
$8.47B
| $61.2M | 0.01% |
3,896,509
+817,070
| +27% | +$11.8M |
|
821
ACI Worldwide
ACIW
$5.34B
| $61M | 0.01% |
1,610,478
+47,604
| +3% | +$1.62M |
|
822
Pebblebrook Hotel Trust
PEB
$2B
| $61M | 0.01% |
2,273,420
+118,420
| +5% | +$3.12M |
|
823
Selective Insurance
SIGI
$5.66B
| $60.3M | 0.01% |
925,577
-33,293
| -3% | -$2.3M |
|
824
Toll Brothers
TOL
$14B
| $60.2M | 0.01% |
1,523,844
-266,531
| -15% | -$10.7M |
|
825
Saic
SAIC
$5.3B
| $60.2M | 0.01% |
691,790
+21,575
| +3% | +$1.8M |
|
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.