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 | |
|---|---|---|---|---|---|---|
1276
Alarm.com
ALRM
$2.77B
| $26.9M | 0.01% |
502,463
+56,434
| +13% | +$3.48M |
|
|
MYOK
1277
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $26.8M | 0.01% |
535,195
+108,731
| +25% | +$5.29M |
|
1278
ESCO Technologies
ESE
$7.77B
| $26.8M | 0.01% |
324,785
+23,336
| +8% | +$1.71M |
|
|
CVET
1279
DELISTED
Covetrus, Inc. Common Stock
CVET
| $26.8M | 0.01% |
1,096,225
+191,097
| +21% | +$5.51M |
|
1280
InterDigital
IDCC
$8.86B
| $26.8M | 0.01% |
416,249
+6,342
| +2% | +$423K |
|
1281
Boyd Gaming
BYD
$6.04B
| $26.8M | 0.01% |
994,261
+57,937
| +6% | +$1.58M |
|
|
WBT
1282
DELISTED
Welbilt, Inc.
WBT
| $26.8M | 0.01% |
1,603,606
+349,854
| +28% | +$5.72M |
|
|
ECHO
1283
EchoStar
ECHO
$25.9B
| $26.7M | 0.01% |
744,504
+79,435
| +12% | +$2.65M |
|
1284
Franklin Electric
FELE
$4.76B
| $26.7M | 0.01% |
561,791
+38,360
| +7% | +$1.82M |
|
1285
Pacira BioSciences
PCRX
$969M
| $26.7M | 0.01% |
612,820
+63,996
| +12% | +$2.72M |
|
|
NSA
1286
DELISTED
National Storage Affiliates Trust
NSA
| $26.6M | 0.01% |
920,221
+74,988
| +9% | +$2.19M |
|
|
IBTX
1287
DELISTED
Independent Bank Group, Inc.
IBTX
| $26.6M | 0.01% |
484,093
+50,679
| +12% | +$2.76M |
|
1288
Adient
ADNT
$1.48B
| $26.6M | 0.01% |
1,095,195
+164,491
| +18% | +$3.38M |
|
1289
Nutanix
NTNX
$17.4B
| $26.5M | 0.01% |
1,023,091
+43,226
| +4% | +$1.51M |
|
|
TSE
1290
DELISTED
Trinseo
TSE
| $26.5M | 0.01% |
626,242
+56,928
| +10% | +$2.44M |
|
|
CSGS
1291
DELISTED
CSG Systems International
CSGS
| $26.5M | 0.01% |
542,513
-3,772
| -0.7% | -$173K |
|
1292
National Vision
EYE
$1.78B
| $26.5M | 0.01% |
861,672
+83,168
| +11% | +$2.38M |
|
1293
Cannae Holdings
CNNE
$649M
| $26.4M | 0.01% |
912,069
+51,032
| +6% | +$1.34M |
|
|
SUM
1294
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $26.4M | 0.01% |
1,393,496
+106,405
| +8% | +$1.69M |
|
1295
AutoNation
AN
$6.92B
| $26.4M | 0.01% |
628,819
+42,371
| +7% | +$1.69M |
|
1296
Matador Resources
MTDR
$6.5B
| $26.3M | 0.01% |
1,323,790
+129,371
| +11% | +$2.46M |
|
1297
Medpace
MEDP
$16.8B
| $26.3M | 0.01% |
401,734
+49,117
| +14% | +$2.83M |
|
1298
Yext
YEXT
$574M
| $26.3M | 0.01% |
1,308,085
+95,247
| +8% | +$1.96M |
|
1299
Commercial Metals
CMC
$7.99B
| $26.2M | 0.01% |
1,466,838
+97,891
| +7% | +$1.6M |
|
1300
Liberty Latin America Class C
LILAK
$1.66B
| $26.2M | 0.01% |
1,779,166
+93,585
| +6% | +$1.53M |
|
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.