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 | |
|---|---|---|---|---|---|---|
|
SAFM
1051
DELISTED
Sanderson Farms Inc
SAFM
| $37.6M | 0.01% |
275,463
+30,371
| +12% | +$4.31M |
|
1052
The Ensign Group
ENSG
$10.7B
| $37.5M | 0.01% |
704,319
+36,735
| +6% | +$1.83M |
|
1053
Dana Inc
DAN
$3.21B
| $37.4M | 0.01% |
1,875,856
+88,801
| +5% | +$1.58M |
|
|
ISBC
1054
DELISTED
Investors Bancorp, Inc.
ISBC
| $37.2M | 0.01% |
3,334,227
+112,478
| +3% | +$1.27M |
|
|
COHR
1055
DELISTED
Coherent Inc
COHR
| $37.1M | 0.01% |
271,799
+11,692
| +4% | +$1.58M |
|
1056
Cleveland-Cliffs
CLF
$7.13B
| $36.9M | 0.01% |
3,457,146
+98,478
| +3% | +$971K |
|
|
OPTU
1057
Optimum Communications Inc
OPTU
$306M
| $36.8M | 0.01% |
1,511,025
+554,520
| +58% | +$13.2M |
|
1058
Guardant Health
GH
$22.4B
| $36.8M | 0.01% |
425,722
+208,092
| +96% | +$15.9M |
|
1059
BJs Wholesale Club
BJ
$12.3B
| $36.7M | 0.01% |
1,388,784
+200,103
| +17% | +$5.32M |
|
1060
Simpson Manufacturing
SSD
$8B
| $36.6M | 0.01% |
551,376
+83,609
| +18% | +$5.34M |
|
|
S
1061
DELISTED
Sprint Corporation
S
| $36.6M | 0.01% |
5,579,438
-150,836
| -3% | -$953K |
|
1062
Ormat Technologies
ORA
$6.87B
| $36.6M | 0.01% |
577,049
+35,543
| +7% | +$2.12M |
|
1063
American Eagle Outfitters
AEO
$3.07B
| $36.6M | 0.01% |
2,164,459
+17,436
| +0.8% | +$353K |
|
1064
Yelp
YELP
$1.33B
| $36.1M | 0.01% |
1,057,467
-187,214
| -15% | -$6.48M |
|
|
LM
1065
DELISTED
Legg Mason, Inc.
LM
| $36.1M | 0.01% |
942,916
+60,418
| +7% | +$2.09M |
|
1066
Nutrien
NTR
$31.6B
| $36.1M | 0.01% |
672,099
+68,017
| +11% | +$3.55M |
|
1067
Diamondrock Hospitality Co
DRH
$2.48B
| $36M | 0.01% |
3,485,576
+211,766
| +6% | +$2.23M |
|
1068
Azenta
AZTA
$1.54B
| $36M | 0.01% |
929,504
+65,611
| +8% | +$2.35M |
|
|
FNSR
1069
DELISTED
Finisar Corp
FNSR
| $35.9M | 0.01% |
1,570,903
+125,629
| +9% | +$2.88M |
|
|
TCF
1070
DELISTED
TCF Financial Corporation
TCF
| $35.9M | 0.01% |
1,725,702
+25,617
| +2% | +$535K |
|
1071
Acadia Realty Trust
AKR
$2.78B
| $35.9M | 0.01% |
1,310,543
+113,188
| +9% | +$3.17M |
|
1072
LendingTree
TREE
$453M
| $35.8M | 0.01% |
85,239
-30,529
| -26% | -$11.7M |
|
|
LEXEA
1073
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $35.8M | 0.01% |
748,657
+45,825
| +7% | +$2.02M |
|
1074
Bankunited
BKU
$3.3B
| $35.8M | 0.01% |
1,059,843
-96,064
| -8% | -$3.31M |
|
|
CLR
1075
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $35.8M | 0.01% |
850,139
+28,096
| +3% | +$1.2M |
|
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.