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 | |
|---|---|---|---|---|---|---|
826
Cracker Barrel
CBRL
$1.24B
| $60.1M | 0.01% |
390,129
+19,017
| +5% | +$2.99M |
|
|
AXON
827
Axon Enterprise
AXON
$48.5B
| $60M | 0.01% |
818,283
+26,457
| +3% | +$1.67M |
|
828
Darling Ingredients
DAR
$9.92B
| $59.9M | 0.01% |
2,132,251
+62,695
| +3% | +$1.4M |
|
|
GAP
829
The Gap Inc
GAP
$7.6B
| $59.8M | 0.01% |
3,389,765
+86,814
| +3% | +$1.48M |
|
830
Etsy
ETSY
$7.19B
| $59.8M | 0.01% |
1,348,953
-115,253
| -8% | -$5.49M |
|
831
Brink's
BCO
$4.59B
| $59.7M | 0.01% |
657,904
+28,395
| +5% | +$2.51M |
|
832
Graphic Packaging
GPK
$3.54B
| $59.5M | 0.01% |
3,574,804
+55,073
| +2% | +$873K |
|
833
Unifirst Corp
UNF
$5.29B
| $59.5M | 0.01% |
294,493
-3,474
| -1% | -$705K |
|
834
Globus Medical
GMED
$11.6B
| $59.4M | 0.01% |
1,009,509
+43,990
| +5% | +$2.39M |
|
|
VRNT
835
DELISTED
Verint Systems
VRNT
| $59.2M | 0.01% |
2,100,822
-140,751
| -6% | -$3.43M |
|
836
Spire
SR
$4.82B
| $59.1M | 0.01% |
709,092
+37,016
| +6% | +$3.03M |
|
837
Match Group
MTCH
$8.41B
| $59M | 0.01% |
719,077
+17,161
| +2% | +$1.25M |
|
838
Kirby Corp
KEX
$7.07B
| $58.9M | 0.01% |
658,250
+21,993
| +3% | +$1.82M |
|
839
Mine Safety
MSA
$7.52B
| $58.9M | 0.01% |
466,319
+4,368
| +0.9% | +$526K |
|
840
Avnet
AVT
$8.1B
| $58.5M | 0.01% |
1,377,601
-20,868
| -1% | -$859K |
|
841
Hawaiian Electric Industries
HE
$2.03B
| $58.3M | 0.01% |
1,244,454
+31,632
| +3% | +$1.42M |
|
842
Wolfspeed
WOLF
$1.54B
| $58.2M | 0.01% |
1,260,625
+46,461
| +4% | +$2.17M |
|
|
CCMP
843
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $58.1M | 0.01% |
402,697
+25,214
| +7% | +$3.58M |
|
844
Tenet Healthcare
THC
$21.2B
| $58M | 0.01% |
1,525,161
+8,177
| +0.5% | +$245K |
|
845
Wayfair
W
$14.2B
| $57.9M | 0.01% |
641,460
+18,551
| +3% | +$1.73M |
|
|
PE
846
DELISTED
PARSLEY ENERGY INC
PE
| $57.9M | 0.01% |
3,060,676
-138,358
| -4% | -$2.28M |
|
|
TXNM
847
TXNM Energy Inc
TXNM
$5.91B
| $57.9M | 0.01% |
1,140,935
+18,631
| +2% | +$935K |
|
848
Autoliv
ALV
$8.96B
| $57.8M | 0.01% |
686,200
+24,590
| +4% | +$2.01M |
|
849
Canadian Natural Resources
CNQ
$97.2B
| $57.7M | 0.01% |
3,604,430
+3,556,582
| +7,433% | +$48.3M |
|
850
MGIC Investment
MTG
$6.23B
| $57.4M | 0.01% |
4,050,438
+97,757
| +2% | +$1.36M |
|
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.