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 | |
|---|---|---|---|---|---|---|
1026
Wingstop
WING
$3.2B
| $39.3M | 0.01% |
415,298
+33,251
| +9% | +$2.71M |
|
1027
ATI
ATI
$31.1B
| $39.3M | 0.01% |
1,561,003
+119,402
| +8% | +$2.91M |
|
1028
Rogers Corp
ROG
$2.29B
| $39.3M | 0.01% |
227,843
+14,461
| +7% | +$2.36M |
|
1029
NCR Voyix
VYX
$1.09B
| $39.3M | 0.01% |
2,060,628
+40,365
| +2% | +$750K |
|
1030
NewMarket
NEU
$8.37B
| $39.3M | 0.01% |
97,986
+7,445
| +8% | +$3.08M |
|
1031
MasTec
MTZ
$21.5B
| $39.2M | 0.01% |
761,317
+46,349
| +6% | +$2.29M |
|
1032
Monro
MNRO
$368M
| $39.2M | 0.01% |
459,699
+26,430
| +6% | +$2.2M |
|
1033
Caesars Entertainment
CZR
$6.13B
| $39.1M | 0.01% |
849,686
+60,513
| +8% | +$2.97M |
|
|
ARNA
1034
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $39M | 0.01% |
665,424
+56,971
| +9% | +$2.94M |
|
1035
Qualys
QLYS
$6.43B
| $38.9M | 0.01% |
446,649
+30,463
| +7% | +$2.63M |
|
1036
Credicorp
BAP
$30.4B
| $38.9M | 0.01% |
170,716
+5,087
| +3% | +$1.17M |
|
|
GBT
1037
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $38.6M | 0.01% |
732,923
+55,226
| +8% | +$3.17M |
|
1038
Cogent Communications
CCOI
$528M
| $38.5M | 0.01% |
649,226
+131,237
| +25% | +$7.53M |
|
|
TCF
1039
DELISTED
TCF Financial Corporation Common Stock
TCF
| $38.5M | 0.01% |
936,394
+62,488
| +7% | +$2.59M |
|
1040
Protolabs
PRLB
$2.14B
| $38.5M | 0.01% |
331,431
+21,597
| +7% | +$2.32M |
|
1041
Sensient Technologies
SXT
$5.51B
| $38.4M | 0.01% |
523,037
+37,532
| +8% | +$2.65M |
|
1042
Cirrus Logic
CRUS
$6.11B
| $38.4M | 0.01% |
878,340
+22,065
| +3% | +$959K |
|
1043
Clean Harbors
CLH
$16.4B
| $38.3M | 0.01% |
538,728
+14,952
| +3% | +$1.04M |
|
1044
Terreno Realty
TRNO
$7.45B
| $38.2M | 0.01% |
779,296
+82,394
| +12% | +$3.73M |
|
1045
Associated Banc-Corp
ASB
$5.92B
| $38.2M | 0.01% |
1,806,699
-36,351
| -2% | -$789K |
|
|
JHG
1046
DELISTED
Janus Henderson
JHG
| $38.2M | 0.01% |
1,784,249
+287,834
| +19% | +$6.56M |
|
1047
U-Haul Holding Co
UHAL
$14.4B
| $38.1M | 0.01% |
1,006,870
+89,390
| +10% | +$3.41M |
|
|
SJI
1048
DELISTED
South Jersey Industries, Inc.
SJI
| $38M | 0.01% |
1,126,301
+74,261
| +7% | +$2.4M |
|
1049
Steven Madden
SHOO
$3.58B
| $37.9M | 0.01% |
1,115,995
+43,422
| +4% | +$1.43M |
|
1050
Kennametal
KMT
$2.41B
| $37.7M | 0.01% |
1,018,866
+65,376
| +7% | +$2.37M |
|
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.