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 |
Dow Inc
DOW
|
+$511M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$442M |
| 3 |
Microsoft
MSFT
|
+$392M |
| 4 |
Amazon
AMZN
|
+$348M |
| 5 |
Corteva
CTVA
|
+$288M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$419M |
| 2 |
Cisco
CSCO
|
+$141M |
| 3 |
Altria Group
MO
|
+$135M |
| 4 |
TJX Companies
TJX
|
+$114M |
| 5 |
ULTI
Ultimate Software Group Inc
ULTI
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.3% |
| 2 | Financials | 15.46% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.38% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
JBTM
901
JBT Marel
JBTM
$6.35B
| $47M | 0.01% |
387,948
+25,956
| +7% | +$2.79M |
|
902
Helen of Troy
HELE
$680M
| $46.9M | 0.01% |
359,283
-36,467
| -9% | -$4.77M |
|
903
Valley National Bancorp
VLY
$8.1B
| $46.9M | 0.01% |
4,349,791
+293,582
| +7% | +$3.01M |
|
904
NorthWestern Energy
NWE
$4.38B
| $46.8M | 0.01% |
649,059
+64,636
| +11% | +$4.59M |
|
905
National Fuel Gas
NFG
$7.78B
| $46.8M | 0.01% |
886,608
+14,921
| +2% | +$849K |
|
906
Wintrust Financial
WTFC
$10.7B
| $46.6M | 0.01% |
637,123
+19,779
| +3% | +$1.44M |
|
907
Assured Guaranty
AGO
$3.36B
| $46.6M | 0.01% |
1,106,263
-27,588
| -2% | -$1.22M |
|
|
SRCL
908
DELISTED
Stericycle Inc
SRCL
| $46.4M | 0.01% |
971,422
+39,950
| +4% | +$2.03M |
|
|
KYNB
909
Kyntra Bio
KYNB
$28.2M
| $46.4M | 0.01% |
41,042
+2,782
| +7% | +$3.04M |
|
910
Webster Financial
WBS
$12.8B
| $46.3M | 0.01% |
970,258
+7,574
| +0.8% | +$377K |
|
911
Integra LifeSciences
IART
$1.33B
| $46.2M | 0.01% |
828,042
+57,910
| +8% | +$2.98M |
|
|
WMGI
912
DELISTED
Wright Medical Group Inc
WMGI
| $46.2M | 0.01% |
1,550,787
+133,079
| +9% | +$4.06M |
|
913
Eagle Materials
EXP
$6.47B
| $46.2M | 0.01% |
498,258
+47,752
| +11% | +$4.21M |
|
914
Prosperity Bancshares
PB
$8.81B
| $46.1M | 0.01% |
697,888
+6,362
| +0.9% | +$440K |
|
915
STAG Industrial
STAG
$7.09B
| $46.1M | 0.01% |
1,523,677
+314,284
| +26% | +$9.34M |
|
916
Kirby Corp
KEX
$7B
| $46M | 0.01% |
582,757
+15,322
| +3% | +$1.23M |
|
917
Ultragenyx Pharmaceutical
RARE
$2.64B
| $46M | 0.01% |
724,289
+53,043
| +8% | +$3.38M |
|
|
AL
918
DELISTED
Air Lease Corp
AL
| $45.9M | 0.01% |
1,110,797
+48,245
| +5% | +$1.84M |
|
|
LHCG
919
DELISTED
LHC Group LLC
LHCG
| $45.8M | 0.01% |
383,003
+26,642
| +7% | +$3M |
|
920
Atlassian
TEAM
$38.5B
| $45.8M | 0.01% |
349,685
+21,894
| +7% | +$2.64M |
|
|
ONCE
921
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $45.7M | 0.01% |
446,369
+48,960
| +12% | +$5.28M |
|
922
LivaNova
LIVN
$4.21B
| $45.7M | 0.01% |
634,415
+20,122
| +3% | +$1.47M |
|
923
KBR
KBR
$4.83B
| $45.3M | 0.01% |
1,816,763
+53,418
| +3% | +$1.2M |
|
|
LOGM
924
DELISTED
LogMein, Inc.
LOGM
| $45.3M | 0.01% |
614,793
+52,408
| +9% | +$4.05M |
|
|
SKX
925
DELISTED
Skechers
SKX
| $45.2M | 0.01% |
1,436,085
+33,999
| +2% | +$1.05M |
|
Similar funds
Geode Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Geode Capital Management held 4,308 positions worth $413B, up 7.1% from $386B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management deployed $13.5B of net new capital in Q2 2019, opening 177 new positions and adding to 3,043 existing holdings. Its largest new stake was Dow Inc: 9,682,103 shares worth $477M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $419M trimmed.
- Geode Capital Management's largest Q2 2019 buy was Dow Inc: 9,682,103 shares worth $477M.
- Geode Capital Management added most to Alphabet (Google) Class A in Q2 2019, an estimated $442M increase.
- Geode Capital Management's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $419M.
- Geode Capital Management fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $109M.
- Geode Capital Management's ten largest holdings make up 17% of its $413B portfolio in Q2 2019.
- Geode Capital Management opened 177 new positions and closed 101 in Q2 2019.
- Geode Capital Management's portfolio value rose 7.1% quarter-over-quarter to $413B.
Based on Geode Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.