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 | |
|---|---|---|---|---|---|---|
1151
CVB Financial
CVBF
$3.98B
| $32.4M | 0.01% |
1,539,768
+198,052
| +15% | +$4.22M |
|
1152
Ryder
R
$10.1B
| $32.2M | 0.01% |
552,407
-16,726
| -3% | -$995K |
|
1153
Power Integrations
POWI
$3.58B
| $32.1M | 0.01% |
801,738
+23,410
| +3% | +$856K |
|
|
ARI
1154
Apollo Commercial Real Estate
ARI
$880M
| $32.1M | 0.01% |
1,746,369
+435,230
| +33% | +$8.1M |
|
|
KW
1155
DELISTED
Kennedy-Wilson Holdings
KW
| $32.1M | 0.01% |
1,560,035
+58,087
| +4% | +$1.24M |
|
1156
Watts Water Technologies
WTS
$12.9B
| $32M | 0.01% |
343,577
+23,268
| +7% | +$1.99M |
|
|
THS
1157
DELISTED
Treehouse Foods
THS
| $32M | 0.01% |
590,676
+12,317
| +2% | +$719K |
|
|
IMMU
1158
DELISTED
Immunomedics Inc
IMMU
| $31.9M | 0.01% |
2,301,844
+257,713
| +13% | +$3.88M |
|
|
MNDT
1159
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $31.9M | 0.01% |
2,155,032
-207,265
| -9% | -$3.18M |
|
1160
CONMED
CNMD
$1.49B
| $31.9M | 0.01% |
372,866
+42,095
| +13% | +$3.46M |
|
1161
Ameris Bancorp
ABCB
$5.89B
| $31.9M | 0.01% |
813,387
+303,231
| +59% | +$11.1M |
|
1162
KB Home
KBH
$3.53B
| $31.8M | 0.01% |
1,236,126
+26,726
| +2% | +$688K |
|
1163
Evertec
EVTC
$1.76B
| $31.8M | 0.01% |
970,997
+87,766
| +10% | +$2.58M |
|
1164
UFP Industries
UFPI
$5.07B
| $31.5M | 0.01% |
828,401
+49,741
| +6% | +$1.72M |
|
1165
Halozyme
HALO
$11.6B
| $31.5M | 0.01% |
1,833,838
+185,483
| +11% | +$2.99M |
|
|
UNVR
1166
DELISTED
Univar Solutions Inc.
UNVR
| $31.5M | 0.01% |
1,427,594
+124,967
| +10% | +$2.73M |
|
1167
Box
BOX
$4.61B
| $31.4M | 0.01% |
1,781,716
+215,180
| +14% | +$4.12M |
|
|
ESGR
1168
DELISTED
Enstar Group
ESGR
| $31.3M | 0.01% |
179,803
+4,481
| +3% | +$777K |
|
|
CADE
1169
DELISTED
Cadence Bancorporation
CADE
| $31.3M | 0.01% |
1,505,889
+123,421
| +9% | +$2.54M |
|
|
CVSA
1170
Covista Inc
CVSA
$4.37B
| $31.3M | 0.01% |
695,224
+27,169
| +4% | +$1.25M |
|
1171
Murphy USA
MUSA
$10.3B
| $31.3M | 0.01% |
372,407
+25,315
| +7% | +$2.12M |
|
|
PDCE
1172
DELISTED
PDC Energy, Inc.
PDCE
| $31.3M | 0.01% |
866,669
+67,311
| +8% | +$2.54M |
|
1173
Korn Ferry
KFY
$4.28B
| $31.1M | 0.01% |
776,813
+60,880
| +9% | +$2.77M |
|
|
VG
1174
DELISTED
Vonage Holdings Corporation
VG
| $31M | 0.01% |
2,739,936
+211,661
| +8% | +$2.29M |
|
|
MDRX
1175
DELISTED
Veradigm Inc. Common Stock
MDRX
| $31M | 0.01% |
2,667,436
+74,431
| +3% | +$757K |
|
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.