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 | |
|---|---|---|---|---|---|---|
|
WCC
1351
WESCO International
WCC
$17.8B
| $27.2M | 0.01% |
458,294
+12,820
| +3% | +$669K |
|
1352
Compass Minerals
CMP
$1.13B
| $27.2M | 0.01% |
445,508
+12,591
| +3% | +$714K |
|
|
MDC
1353
DELISTED
M.D.C. Holdings, Inc.
MDC
| $27.2M | 0.01% |
768,660
+947
| +0.1% | +$35.6K |
|
|
OPI
1354
DELISTED
Office Properties Income Trust
OPI
| $27.1M | 0.01% |
842,191
+24,824
| +3% | +$795K |
|
1355
Badger Meter
BMI
$3.93B
| $27M | 0.01% |
416,062
+16,626
| +4% | +$987K |
|
1356
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.28B
| $27M | 0.01% |
838,709
+31,708
| +4% | +$941K |
|
|
CSII
1357
DELISTED
Cardiovascular Systems, Inc.
CSII
| $27M | 0.01% |
555,242
+30,010
| +6% | +$1.37M |
|
1358
Cavco Industries
CVCO
$4.57B
| $27M | 0.01% |
138,000
+4,765
| +4% | +$934K |
|
1359
Essential Properties Realty Trust
EPRT
$6.5B
| $26.9M | 0.01% |
1,085,043
+147,904
| +16% | +$3.72M |
|
1360
Group 1 Automotive
GPI
$3.17B
| $26.8M | 0.01% |
268,253
+6,276
| +2% | +$619K |
|
|
FLOW
1361
DELISTED
SPX FLOW, Inc.
FLOW
| $26.8M | 0.01% |
547,804
+12,463
| +2% | +$552K |
|
|
PPBI
1362
DELISTED
Pacific Premier Bancorp
PPBI
| $26.6M | 0.01% |
816,829
+26,793
| +3% | +$873K |
|
1363
Heron Therapeutics
HRTX
$61.5M
| $26.6M | 0.01% |
1,132,260
+210,035
| +23% | +$4.65M |
|
1364
Healthcare Services Group
HCSG
$1.44B
| $26.6M | 0.01% |
1,092,976
+31,396
| +3% | +$778K |
|
1365
Westlake Corp
WLK
$10.3B
| $26.6M | 0.01% |
378,963
+15,397
| +4% | +$1.03M |
|
1366
Northwest Bancshares
NWBI
$2.29B
| $26.5M | 0.01% |
1,595,549
-13,959
| -0.9% | -$233K |
|
1367
Horace Mann Educators
HMN
$2.12B
| $26.5M | 0.01% |
605,961
+27,402
| +5% | +$1.21M |
|
1368
Pediatrix Medical
MD
$2.12B
| $26.4M | 0.01% |
951,495
+15,589
| +2% | +$391K |
|
1369
Rogers Communications
RCI
$19.1B
| $26.4M | 0.01% |
532,210
+69,228
| +15% | +$3.34M |
|
|
LNW
1370
DELISTED
Light & Wonder
LNW
| $26.4M | 0.01% |
985,079
+205,566
| +26% | +$5.29M |
|
1371
Minerals Technologies
MTX
$2.3B
| $26.4M | 0.01% |
457,680
+4,731
| +1% | +$254K |
|
1372
WIX.com
WIX
$2.79B
| $26.3M | 0.01% |
215,776
+11,626
| +6% | +$1.42M |
|
1373
Capitol Federal Financial
CFFN
$1.09B
| $26.3M | 0.01% |
1,918,809
+74,392
| +4% | +$1.05M |
|
1374
iShares Core MSCI Emerging Markets ETF
IEMG
$156B
| – | – |
0
| – | – |
|
|
WBT
1375
DELISTED
Welbilt, Inc.
WBT
| $26.3M | 0.01% |
1,687,592
+48,857
| +3% | +$836K |
|
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.