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 | |
|---|---|---|---|---|---|---|
|
ICPT
1026
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $44.5M | 0.01% |
359,282
+26,868
| +8% | +$2.41M |
|
1027
Eagle Materials
EXP
$6.58B
| $44.3M | 0.01% |
488,554
+15,156
| +3% | +$1.39M |
|
1028
Cogent Communications
CCOI
$555M
| $44.3M | 0.01% |
672,561
+12,213
| +2% | +$738K |
|
1029
Cinemark Holdings
CNK
$4.25B
| $44.2M | 0.01% |
1,306,094
+62,769
| +5% | +$2.22M |
|
|
JHG
1030
DELISTED
Janus Henderson
JHG
| $44.1M | 0.01% |
1,803,882
+23,977
| +1% | +$571K |
|
1031
National Fuel Gas
NFG
$7.82B
| $44.1M | 0.01% |
947,633
+27,551
| +3% | +$1.26M |
|
1032
Nektar Therapeutics
NKTR
$2.55B
| $44M | 0.01% |
135,976
-51,682
| -28% | -$15M |
|
1033
Transocean
RIG
$6.48B
| $43.9M | 0.01% |
6,379,380
+250,134
| +4% | +$1.29M |
|
1034
KB Home
KBH
$3.54B
| $43.9M | 0.01% |
1,280,479
+46,473
| +4% | +$1.61M |
|
1035
New Oriental
EDU
$8.84B
| $43.8M | 0.01% |
363,845
+21,537
| +6% | +$2.57M |
|
1036
Insperity
NSP
$1.94B
| $43.8M | 0.01% |
508,717
-151,258
| -23% | -$13.2M |
|
1037
First Hawaiian
FHB
$3.34B
| $43.5M | 0.01% |
1,508,476
+20,029
| +1% | +$563K |
|
|
IPHI
1038
DELISTED
INPHI CORPORATION
IPHI
| $43.3M | 0.01% |
584,522
+13,845
| +2% | +$951K |
|
1039
Brady Corp
BRC
$4.48B
| $42.9M | 0.01% |
749,032
-32,359
| -4% | -$1.81M |
|
1040
Home BancShares
HOMB
$6.22B
| $42.8M | 0.01% |
2,177,879
+47,991
| +2% | +$905K |
|
1041
LiveRamp
RAMP
$2.3B
| $42.8M | 0.01% |
889,550
+32,227
| +4% | +$1.45M |
|
1042
American States Water
AWR
$3.47B
| $42.7M | 0.01% |
493,341
+14,657
| +3% | +$1.3M |
|
|
AAT
1043
American Assets Trust
AAT
$1.37B
| $42.7M | 0.01% |
931,093
-5,061
| -0.5% | -$236K |
|
1044
CONMED
CNMD
$1.48B
| $42.7M | 0.01% |
381,746
+6,296
| +2% | +$671K |
|
1045
Novanta
NOVT
$6.34B
| $42.6M | 0.01% |
481,808
+21,873
| +5% | +$1.89M |
|
1046
WaFd
WAFD
$2.82B
| $42.5M | 0.01% |
1,160,273
+30,051
| +3% | +$1.1M |
|
1047
Old National Bancorp
ONB
$10.3B
| $42.4M | 0.01% |
2,320,840
+119,725
| +5% | +$2.15M |
|
|
ISBC
1048
DELISTED
Investors Bancorp, Inc.
ISBC
| $42.4M | 0.01% |
3,559,643
+170,800
| +5% | +$2.05M |
|
|
DHC
1049
Diversified Healthcare Trust
DHC
$1.97B
| $42.4M | 0.01% |
5,153,704
+222,981
| +5% | +$1.88M |
|
1050
Regal Rexnord
RRX
$11.5B
| $42.4M | 0.01% |
494,712
-13,404
| -3% | -$1.06M |
|
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.