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 | |
|---|---|---|---|---|---|---|
|
PEGI
1176
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $31M | 0.01% |
1,341,042
+68,839
| +5% | +$1.54M |
|
1177
Valmont Industries
VMI
$9.5B
| $30.9M | 0.01% |
243,504
+15,787
| +7% | +$1.97M |
|
1178
AMN Healthcare
AMN
$1.42B
| $30.9M | 0.01% |
569,156
+38,706
| +7% | +$1.96M |
|
|
ADSW
1179
DELISTED
Advanced Disposal Services Inc
ADSW
| $30.8M | 0.01% |
965,034
+104,061
| +12% | +$3.27M |
|
1180
First Financial Bancorp
FFBC
$3.53B
| $30.8M | 0.01% |
1,270,930
+91,214
| +8% | +$2.19M |
|
1181
New Oriental
EDU
$9.24B
| $30.7M | 0.01% |
320,060
+7,010
| +2% | +$628K |
|
1182
Avantor
AVTR
$9.29B
| $30.7M | 0.01% |
+1,606,862
| New | +$28.6M |
|
1183
Pegasystems
PEGA
$5.43B
| $30.6M | 0.01% |
860,222
+31,602
| +4% | +$1.13M |
|
1184
Insight Enterprises
NSIT
$4.54B
| $30.6M | 0.01% |
525,320
+9,526
| +2% | +$531K |
|
|
ARGO
1185
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $30.6M | 0.01% |
412,562
+33,456
| +9% | +$2.45M |
|
1186
WD-40
WDFC
$3.15B
| $30.5M | 0.01% |
191,945
+13,835
| +8% | +$2.27M |
|
1187
Vishay Intertechnology
VSH
$5.08B
| $30.4M | 0.01% |
1,841,060
-86,767
| -5% | -$1.53M |
|
1188
Agree Realty
ADC
$9.22B
| $30.3M | 0.01% |
473,755
+67,722
| +17% | +$4.52M |
|
1189
California Water Service
CWT
$3.06B
| $30.3M | 0.01% |
598,222
+32,973
| +6% | +$1.66M |
|
1190
Choice Hotels
CHH
$4.62B
| $30.3M | 0.01% |
347,893
+8,818
| +3% | +$736K |
|
1191
Empire State Realty Trust
ESRT
$803M
| $30.2M | 0.01% |
2,039,979
+627,425
| +44% | +$9.71M |
|
1192
World Kinect Corp
WKC
$1.89B
| $30.2M | 0.01% |
839,677
+55,418
| +7% | +$1.74M |
|
1193
Iridium Communications
IRDM
$5.23B
| $30.1M | 0.01% |
1,292,887
+105,762
| +9% | +$2.63M |
|
1194
First Hawaiian
FHB
$3.32B
| $30.1M | 0.01% |
1,162,354
+47,960
| +4% | +$1.27M |
|
|
AEL
1195
DELISTED
American Equity Investment Life Holding Company
AEL
| $30M | 0.01% |
1,103,965
+83,918
| +8% | +$2.4M |
|
1196
Green Dot
GDOT
$752M
| $30M | 0.01% |
612,814
+62,239
| +11% | +$3.39M |
|
|
CORE
1197
DELISTED
Core Mark Holding Co., Inc.
CORE
| $29.9M | 0.01% |
754,002
+29,026
| +4% | +$1.09M |
|
1198
Ligand Pharmaceuticals
LGND
$5.89B
| $29.9M | 0.01% |
420,414
+4,038
| +1% | +$297K |
|
1199
Albany International
AIN
$1.73B
| $29.9M | 0.01% |
360,814
+31,015
| +9% | +$2.32M |
|
1200
Aaon
AAON
$7.31B
| $29.9M | 0.01% |
892,841
+121,704
| +16% | +$3.86M |
|
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.