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 | |
|---|---|---|---|---|---|---|
1326
OSI Systems
OSIS
$3.85B
| $25.1M | 0.01% |
223,111
+12,375
| +6% | +$1.25M |
|
1327
Mercado Libre
MELI
$97.4B
| $25.1M | 0.01% |
41,385
+11,664
| +39% | +$6.49M |
|
1328
Builders FirstSource
BLDR
$8.05B
| $25.1M | 0.01% |
1,489,783
+113,913
| +8% | +$1.7M |
|
1329
Comfort Systems
FIX
$59.5B
| $25.1M | 0.01% |
491,630
+43,423
| +10% | +$2.23M |
|
1330
Brinker International
EAT
$9.79B
| $25M | 0.01% |
635,626
+168,941
| +36% | +$6.95M |
|
1331
Cheesecake Factory
CAKE
$5.66B
| $25M | 0.01% |
571,738
+18,189
| +3% | +$850K |
|
|
WAGE
1332
DELISTED
WageWorks, Inc.
WAGE
| $25M | 0.01% |
491,647
+42,144
| +9% | +$1.99M |
|
1333
Workiva
WK
$3.75B
| $24.9M | 0.01% |
429,090
+55,869
| +15% | +$2.99M |
|
1334
Allegiant Air
ALGT
$2.42B
| $24.9M | 0.01% |
173,610
+12,469
| +8% | +$1.75M |
|
1335
Floor & Decor
FND
$6.41B
| $24.9M | 0.01% |
594,346
+31,522
| +6% | +$1.32M |
|
|
BID
1336
DELISTED
Sotheby's
BID
| $24.9M | 0.01% |
428,223
+44,486
| +12% | +$1.86M |
|
1337
Walker & Dunlop
WD
$1.48B
| $24.9M | 0.01% |
467,765
+18,868
| +4% | +$999K |
|
|
LTXB
1338
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $24.6M | 0.01% |
605,027
+39,921
| +7% | +$1.57M |
|
|
UNIT
1339
Uniti Group
UNIT
$2.28B
| $24.6M | 0.01% |
2,591,918
+487,467
| +23% | +$5.32M |
|
|
XLRN
1340
DELISTED
Acceleron Pharma
XLRN
| $24.6M | 0.01% |
598,818
+57,536
| +11% | +$2.38M |
|
1341
Element Solutions
ESI
$9.23B
| $24.6M | 0.01% |
2,378,987
+26,388
| +1% | +$278K |
|
1342
Artisan Partners
APAM
$3.07B
| $24.5M | 0.01% |
891,266
+176,235
| +25% | +$4.69M |
|
|
AXE
1343
DELISTED
Anixter International Inc
AXE
| $24.5M | 0.01% |
410,670
+32,290
| +9% | +$1.9M |
|
1344
Tanger
SKT
$4.46B
| $24.5M | 0.01% |
1,508,720
+125,479
| +9% | +$2.26M |
|
1345
Terex
TEX
$7.77B
| $24.4M | 0.01% |
778,096
+107,509
| +16% | +$3.3M |
|
|
MTOR
1346
DELISTED
MERITOR, Inc.
MTOR
| $24.4M | 0.01% |
1,005,977
+64,191
| +7% | +$1.44M |
|
1347
NETSCOUT
NTCT
$2.81B
| $24.3M | 0.01% |
957,474
+47,850
| +5% | +$1.29M |
|
|
TRTN
1348
DELISTED
Triton International Limited
TRTN
| $24.3M | 0.01% |
741,212
+59,395
| +9% | +$1.88M |
|
1349
Kinsale Capital Group
KNSL
$8.59B
| $24.2M | 0.01% |
264,844
+19,238
| +8% | +$1.54M |
|
1350
Towne Bank
TOWN
$3.42B
| $24.2M | 0.01% |
887,575
+37,535
| +4% | +$990K |
|
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.