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 | |
|---|---|---|---|---|---|---|
|
ICPT
1301
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $26.2M | 0.01% |
328,670
+51,012
| +18% | +$4.57M |
|
1302
Westlake Corp
WLK
$10.3B
| $26.1M | 0.01% |
376,756
+43,287
| +13% | +$2.88M |
|
1303
AMC Global Media
AMCX
$483M
| $26.1M | 0.01% |
479,819
-82,237
| -15% | -$4.64M |
|
1304
Antero Midstream
AM
$10.5B
| $26.1M | 0.01% |
+2,280,384
| New | +$29.2M |
|
|
NVTA
1305
DELISTED
Invitae Corporation
NVTA
| $26.1M | 0.01% |
1,111,147
+180,475
| +19% | +$3.84M |
|
|
CVA
1306
DELISTED
Covanta Holding Corporation
CVA
| $26.1M | 0.01% |
1,457,873
+76,892
| +6% | +$1.36M |
|
1307
Xencor
XNCR
$1.64B
| $26.1M | 0.01% |
637,704
+41,305
| +7% | +$1.36M |
|
|
ARCH
1308
DELISTED
Arch Resources, Inc.
ARCH
| $26M | 0.01% |
276,107
+7,074
| +3% | +$648K |
|
1309
Energizer
ENR
$1.5B
| $25.9M | 0.01% |
669,384
+31,778
| +5% | +$1.42M |
|
1310
Capitol Federal Financial
CFFN
$1.09B
| $25.8M | 0.01% |
1,872,425
+124,049
| +7% | +$1.68M |
|
|
GWB
1311
DELISTED
Great Western Bancorp, Inc.
GWB
| $25.7M | 0.01% |
720,678
+69,563
| +11% | +$2.34M |
|
|
AVNS
1312
DELISTED
Avanos Medical
AVNS
| $25.7M | 0.01% |
590,271
+39,678
| +7% | +$1.7M |
|
1313
Qiagen
QGEN
$8.83B
| $25.6M | 0.01% |
596,278
+25,995
| +5% | +$1.08M |
|
1314
SPS Commerce
SPSC
$2.68B
| $25.6M | 0.01% |
501,334
+64,814
| +15% | +$3.38M |
|
1315
NMI Holdings
NMIH
$3.37B
| $25.5M | 0.01% |
898,404
+54,173
| +6% | +$1.51M |
|
1316
DigitalBridge
DBRG
$2.95B
| $25.4M | 0.01% |
1,269,619
+5,649
| +0.4% | +$117K |
|
1317
Northwest Natural Holdings
NWN
$2.11B
| $25.4M | 0.01% |
365,339
+27,804
| +8% | +$1.88M |
|
1318
Invesco Mortgage Capital
IVR
$804M
| $25.4M | 0.01% |
157,302
+12,113
| +8% | +$1.95M |
|
1319
First Merchants
FRME
$2.69B
| $25.3M | 0.01% |
668,685
+3,710
| +0.6% | +$136K |
|
1320
Oceaneering
OII
$5.06B
| $25.3M | 0.01% |
1,242,114
+109,938
| +10% | +$1.95M |
|
1321
Sprouts Farmers Market
SFM
$7.7B
| $25.3M | 0.01% |
1,340,608
-34,833
| -3% | -$726K |
|
1322
Zillow
ZG
$7.82B
| $25.3M | 0.01% |
552,596
+53,202
| +11% | +$2.09M |
|
1323
Meritage Homes
MTH
$4.78B
| $25.3M | 0.01% |
984,896
+127,270
| +15% | +$3.22M |
|
|
NAV
1324
DELISTED
Navistar International
NAV
| $25.3M | 0.01% |
733,790
+44,450
| +6% | +$1.48M |
|
1325
Renasant Corp
RNST
$3.93B
| $25.1M | 0.01% |
699,244
+79,054
| +13% | +$2.78M |
|
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.