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 | |
|---|---|---|---|---|---|---|
926
Ashland
ASH
$3.44B
| $50.7M | 0.01% |
662,628
+24,157
| +4% | +$1.83M |
|
927
Dropbox
DBX
$7.48B
| $50.6M | 0.01% |
2,829,973
+148,450
| +6% | +$2.8M |
|
928
LivaNova
LIVN
$4.28B
| $50.6M | 0.01% |
671,173
+19,543
| +3% | +$1.48M |
|
|
AVLR
929
DELISTED
Avalara, Inc.
AVLR
| $50.4M | 0.01% |
687,837
+3,822
| +0.6% | +$278K |
|
|
AYX
930
DELISTED
Alteryx Inc
AYX
| $50.1M | 0.01% |
501,129
-10,510
| -2% | -$1.07M |
|
931
NCR Voyix
VYX
$1.12B
| $50.1M | 0.01% |
2,322,401
+124,266
| +6% | +$2.42M |
|
932
MillerKnoll
MLKN
$1.62B
| $49.9M | 0.01% |
1,198,113
+65,162
| +6% | +$3.02M |
|
933
Flowers Foods
FLO
$1.53B
| $49.7M | 0.01% |
2,287,959
+82,104
| +4% | +$1.78M |
|
934
Neogen
NEOG
$2.51B
| $49.7M | 0.01% |
1,523,644
+64,252
| +4% | +$2.11M |
|
935
National Health Investors
NHI
$3.4B
| $49.7M | 0.01% |
610,121
+53,107
| +10% | +$4.35M |
|
936
Erie Indemnity
ERIE
$13.4B
| $49.7M | 0.01% |
299,608
-43,367
| -13% | -$7.66M |
|
937
COPT Defense Properties
CDP
$4.15B
| $49.6M | 0.01% |
1,689,246
+91,678
| +6% | +$2.68M |
|
938
Trip.com Group
TCOM
$29.1B
| $49.5M | 0.01% |
1,484,272
+197,332
| +15% | +$6.36M |
|
|
TGNA
939
DELISTED
TEGNA Inc
TGNA
| $49.5M | 0.01% |
2,963,077
+85,776
| +3% | +$1.33M |
|
940
Viasat
VSAT
$11.7B
| $49.4M | 0.01% |
674,783
+16,823
| +3% | +$1.2M |
|
|
FL
941
DELISTED
Foot Locker
FL
| $49.4M | 0.01% |
1,266,105
+48,440
| +4% | +$2.04M |
|
942
Integra LifeSciences
IART
$1.35B
| $49.3M | 0.01% |
845,539
+13,464
| +2% | +$802K |
|
|
STL
943
DELISTED
Sterling Bancorp
STL
| $49.2M | 0.01% |
2,332,607
+33,147
| +1% | +$676K |
|
|
SAFM
944
DELISTED
Sanderson Farms Inc
SAFM
| $49M | 0.01% |
277,904
+5,175
| +2% | +$817K |
|
945
Bank of Hawaii
BOH
$3.13B
| $49M | 0.01% |
514,612
+12,559
| +3% | +$1.12M |
|
|
CIT
946
DELISTED
CIT Group Inc.
CIT
| $48.9M | 0.01% |
1,072,112
+28,568
| +3% | +$1.28M |
|
947
Clean Harbors
CLH
$16.5B
| $48.9M | 0.01% |
570,049
+20,017
| +4% | +$1.63M |
|
|
EFOR
948
Everforth Inc
EFOR
$1.33B
| $48.7M | 0.01% |
685,939
+16,430
| +2% | +$1.07M |
|
|
SGI
949
Somnigroup International
SGI
$13.9B
| $48.6M | 0.01% |
2,231,656
+330,112
| +17% | +$6.9M |
|
950
Credicorp
BAP
$29.8B
| $48.4M | 0.01% |
228,530
+42,100
| +23% | +$8.82M |
|
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.