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 | |
|---|---|---|---|---|---|---|
|
LADR
1351
Ladder Capital
LADR
$1.26B
| $24.2M | 0.01% |
1,455,899
+121,481
| +9% | +$2.02M |
|
1352
Shenandoah Telecom
SHEN
$740M
| $24.1M | 0.01% |
626,202
+45,195
| +8% | +$1.87M |
|
1353
RH
RH
$3.46B
| $24.1M | 0.01% |
208,302
-5,597
| -3% | -$577K |
|
1354
Varonis Systems
VRNS
$4.84B
| $24M | 0.01% |
1,161,645
+95,793
| +9% | +$2.06M |
|
1355
iRhythm Holdings
IRTC
$4.02B
| $24M | 0.01% |
302,949
+22,691
| +8% | +$1.65M |
|
|
MGLN
1356
DELISTED
Magellan Health Services, Inc.
MGLN
| $24M | 0.01% |
322,747
+4,019
| +1% | +$270K |
|
|
NVRO
1357
DELISTED
NEVRO CORP.
NVRO
| $23.9M | 0.01% |
368,760
+28,306
| +8% | +$1.76M |
|
1358
Bloomin' Brands
BLMN
$952M
| $23.9M | 0.01% |
1,263,540
+147,957
| +13% | +$2.89M |
|
1359
Range Resources
RRC
$9.5B
| $23.8M | 0.01% |
3,413,870
+1,265,428
| +59% | +$11M |
|
|
CHK
1360
DELISTED
Chesapeake Energy Corporation
CHK
| $23.8M | 0.01% |
60,969
+5,629
| +10% | +$2.81M |
|
|
SCS
1361
DELISTED
Steelcase
SCS
| $23.8M | 0.01% |
1,389,732
+80,718
| +6% | +$1.34M |
|
1362
Banner Corp
BANR
$2.47B
| $23.7M | 0.01% |
437,809
+45,079
| +11% | +$2.42M |
|
1363
Shake Shack
SHAK
$2.9B
| $23.7M | 0.01% |
328,004
+39,524
| +14% | +$2.44M |
|
|
PTLA
1364
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $23.6M | 0.01% |
871,425
+65,666
| +8% | +$2.06M |
|
|
CUB
1365
DELISTED
Cubic Corporation
CUB
| $23.6M | 0.01% |
366,570
+19,545
| +6% | +$1.15M |
|
1366
Moelis & Co
MC
$4.93B
| $23.6M | 0.01% |
675,072
+101,067
| +18% | +$3.66M |
|
|
PRA
1367
DELISTED
ProAssurance
PRA
| $23.6M | 0.01% |
653,118
+44,616
| +7% | +$1.66M |
|
|
TWOU
1368
DELISTED
2U Inc
TWOU
| $23.6M | 0.01% |
20,874
+950
| +5% | +$1.4M |
|
|
WCC
1369
WESCO International
WCC
$17.8B
| $23.5M | 0.01% |
464,866
-52,666
| -10% | -$2.76M |
|
1370
Horace Mann Educators
HMN
$2.12B
| $23.5M | 0.01% |
584,348
+108,590
| +23% | +$4.26M |
|
1371
Compass Minerals
CMP
$1.13B
| $23.5M | 0.01% |
427,578
+34,677
| +9% | +$1.92M |
|
1372
Pediatrix Medical
MD
$2.12B
| $23.5M | 0.01% |
930,718
-65,081
| -7% | -$1.75M |
|
1373
Spectrum Brands
SPB
$2.02B
| $23.5M | 0.01% |
436,421
-9,590
| -2% | -$570K |
|
1374
SolarEdge
SEDG
$2.05B
| $23.5M | 0.01% |
375,656
+5,351
| +1% | +$270K |
|
1375
Four Corners Property Trust
FCPT
$2.69B
| $23.4M | 0.01% |
857,391
+67,782
| +9% | +$1.94M |
|
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.