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 | |
|---|---|---|---|---|---|---|
1051
Builders FirstSource
BLDR
$8.08B
| $42.2M | 0.01% |
1,661,534
+127,916
| +8% | +$3.06M |
|
|
CSFL
1052
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $42M | 0.01% |
1,682,562
+29,057
| +2% | +$727K |
|
1053
ICU Medical
ICUI
$4.55B
| $42M | 0.01% |
224,402
+6,554
| +3% | +$1.13M |
|
1054
MSC Industrial Direct
MSM
$6.7B
| $42M | 0.01% |
535,006
+13,078
| +3% | +$966K |
|
1055
Avista
AVA
$3.22B
| $41.8M | 0.01% |
869,047
+46,334
| +6% | +$2.21M |
|
|
OPLN
1056
Openlane
OPLN
$4.48B
| $41.7M | 0.01% |
1,915,497
-122,784
| -6% | -$2.8M |
|
1057
Teva Pharmaceuticals
TEVA
$42.5B
| $41.6M | 0.01% |
4,257,682
+87,581
| +2% | +$782K |
|
1058
Azenta
AZTA
$1.54B
| $41.5M | 0.01% |
989,335
+36,936
| +4% | +$1.55M |
|
1059
TripAdvisor
TRIP
$1.28B
| $41.4M | 0.01% |
1,362,838
-489,819
| -26% | -$16.5M |
|
1060
NeoGenomics
NEO
$2.12B
| $41.3M | 0.01% |
1,413,111
+48,681
| +4% | +$1.16M |
|
1061
PTC Therapeutics
PTCT
$6.15B
| $41.3M | 0.01% |
860,349
+73,080
| +9% | +$3.11M |
|
1062
Agree Realty
ADC
$9.13B
| $41.3M | 0.01% |
588,259
+64,060
| +12% | +$4.73M |
|
|
SAGE
1063
DELISTED
Sage Therapeutics
SAGE
| $41.3M | 0.01% |
571,557
+18,067
| +3% | +$2.22M |
|
|
CLGX
1064
DELISTED
Corelogic, Inc.
CLGX
| $41.2M | 0.01% |
942,629
-25,240
| -3% | -$1.07M |
|
|
GRA
1065
DELISTED
W.R. Grace & Co.
GRA
| $41.2M | 0.01% |
589,613
+28,062
| +5% | +$1.88M |
|
|
SMAR
1066
DELISTED
Smartsheet Inc.
SMAR
| $41.2M | 0.01% |
916,102
-5,315
| -0.6% | -$220K |
|
|
PGRE
1067
DELISTED
Paramount Group
PGRE
| $41.1M | 0.01% |
2,949,490
+121,802
| +4% | +$1.64M |
|
1068
Atlantic Union Bankshares
AUB
$6.02B
| $41M | 0.01% |
1,092,817
+24,903
| +2% | +$937K |
|
1069
Coherent
COHR
$64.3B
| $41M | 0.01% |
1,218,214
+37,524
| +3% | +$1.2M |
|
1070
J&J Snack Foods
JJSF
$1.68B
| $41M | 0.01% |
222,528
+9,698
| +5% | +$1.83M |
|
|
PCH
1071
DELISTED
PotlatchDeltic
PCH
| $41M | 0.01% |
946,956
+55,460
| +6% | +$2.37M |
|
1072
Columbia Banking Systems
COLB
$8.97B
| $40.8M | 0.01% |
1,001,629
+28,822
| +3% | +$1.12M |
|
|
BDN
1073
Brandywine Realty Trust
BDN
$534M
| $40.7M | 0.01% |
2,585,437
+80,274
| +3% | +$1.21M |
|
1074
International Bancshares
IBOC
$4.48B
| $40.6M | 0.01% |
941,525
+16,008
| +2% | +$664K |
|
|
QVCGA
1075
DELISTED
QVC Group Inc Series A
QVCGA
| $40.5M | 0.01% |
99,055
+2,985
| +3% | +$1.34M |
|
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.