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 | |
|---|---|---|---|---|---|---|
1301
Cleveland-Cliffs
CLF
$7.08B
| $29.2M | 0.01% |
3,476,176
+155,504
| +5% | +$1.19M |
|
1302
Shenandoah Telecom
SHEN
$740M
| $29.1M | 0.01% |
700,413
+52,262
| +8% | +$1.85M |
|
1303
Northwest Natural Holdings
NWN
$2.12B
| $29.1M | 0.01% |
395,248
+30,132
| +8% | +$2.08M |
|
1304
Houlihan Lokey
HLI
$8.77B
| $29.1M | 0.01% |
596,254
+33,956
| +6% | +$1.6M |
|
|
IBTX
1305
DELISTED
Independent Bank Group, Inc.
IBTX
| $29.1M | 0.01% |
524,546
+30,876
| +6% | +$1.71M |
|
1306
Silgan Holdings
SLGN
$4.35B
| $29.1M | 0.01% |
935,426
+19,596
| +2% | +$599K |
|
|
WTRU
1307
DELISTED
Essential Utilities, Inc.6.00% Tangible Equity Units
WTRU
| – | – |
0
| – | – |
|
1308
Fortis
FTS
$28.6B
| $29.1M | 0.01% |
699,073
+130,783
| +23% | +$5.35M |
|
1309
Insmed
INSM
$29B
| $29M | 0.01% |
1,215,211
+46,915
| +4% | +$954K |
|
1310
Prestige Consumer Healthcare
PBH
$2.54B
| $29M | 0.01% |
716,469
+30,709
| +4% | +$1.15M |
|
1311
Pacira BioSciences
PCRX
$972M
| $29M | 0.01% |
639,819
+20,203
| +3% | +$858K |
|
1312
Kinsale Capital Group
KNSL
$8.53B
| $29M | 0.01% |
284,942
+1,779
| +0.6% | +$177K |
|
1313
SPX Corp
SPXC
$10.9B
| $28.9M | 0.01% |
568,815
+12,534
| +2% | +$573K |
|
1314
ZTO Express
ZTO
$17.6B
| $28.9M | 0.01% |
1,243,448
+8,926
| +0.7% | +$193K |
|
1315
Casella Waste Systems
CWST
$5.89B
| $28.9M | 0.01% |
627,193
+42,305
| +7% | +$1.87M |
|
|
ARGO
1316
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $28.8M | 0.01% |
437,791
+16,026
| +4% | +$1.05M |
|
1317
SPS Commerce
SPSC
$2.7B
| $28.7M | 0.01% |
518,422
+24,475
| +5% | +$1.3M |
|
|
SCS
1318
DELISTED
Steelcase
SCS
| $28.7M | 0.01% |
1,403,308
-19,039
| -1% | -$353K |
|
1319
The GEO Group
GEO
$4.18B
| $28.7M | 0.01% |
1,728,181
+60,412
| +4% | +$917K |
|
1320
Myriad Genetics
MYGN
$308M
| $28.7M | 0.01% |
1,053,553
+43,571
| +4% | +$1.2M |
|
1321
Jack in the Box
JACK
$341M
| $28.7M | 0.01% |
367,614
-6,385
| -2% | -$529K |
|
1322
Franco-Nevada
FNV
$46.4B
| $28.7M | 0.01% |
276,156
+33,026
| +14% | +$3.19M |
|
1323
Banner Corp
BANR
$2.47B
| $28.6M | 0.01% |
505,508
+50,884
| +11% | +$2.82M |
|
|
PRO
1324
DELISTED
PROS Holdings
PRO
| $28.6M | 0.01% |
476,512
+38,463
| +9% | +$2.22M |
|
1325
Amkor Technology
AMKR
$13.5B
| $28.5M | 0.01% |
2,194,177
+252,205
| +13% | +$3.01M |
|
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.