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 | |
|---|---|---|---|---|---|---|
1451
Cohen & Steers
CNS
$4.34B
| $20.7M | 0.01% |
403,280
+134,873
| +50% | +$6.61M |
|
1452
Cavco Industries
CVCO
$4.57B
| $20.7M | 0.01% |
131,277
+17,031
| +15% | +$2.32M |
|
|
CRAY
1453
DELISTED
Cray, Inc.
CRAY
| $20.7M | 0.01% |
593,252
+45,923
| +8% | +$1.42M |
|
1454
AAR Corp
AIR
$5.86B
| $20.6M | 0.01% |
561,085
+59,677
| +12% | +$1.97M |
|
1455
Kite Realty
KRG
$5.24B
| $20.6M | 0.01% |
1,362,040
+110,333
| +9% | +$1.74M |
|
1456
Matsons
MATX
$6.11B
| $20.6M | 0.01% |
530,254
+32,946
| +7% | +$1.25M |
|
|
PMT
1457
PennyMac Mortgage Investment
PMT
$824M
| $20.6M | 0.01% |
942,548
+170,254
| +22% | +$3.61M |
|
1458
Kaiser Aluminum
KALU
$3.16B
| $20.6M | 0.01% |
210,646
+9,274
| +5% | +$904K |
|
1459
Group 1 Automotive
GPI
$3.17B
| $20.5M | 0.01% |
250,921
+33,132
| +15% | +$2.49M |
|
|
MDC
1460
DELISTED
M.D.C. Holdings, Inc.
MDC
| $20.5M | 0.01% |
676,360
+71,846
| +12% | +$2.11M |
|
1461
Urban Outfitters
URBN
$6.8B
| $20.5M | 0.01% |
901,670
+11,693
| +1% | +$317K |
|
1462
Global Net Lease
GNL
$1.91B
| $20.5M | 0.01% |
1,044,507
+77,371
| +8% | +$1.47M |
|
1463
Antero Resources
AR
$11.6B
| $20.5M | 0.01% |
3,700,579
+266,915
| +8% | +$1.92M |
|
1464
Open Text
OTEX
$5.81B
| $20.4M | ﹤0.01% |
496,172
+44,957
| +10% | +$1.79M |
|
1465
Mueller Industries
MLI
$15.1B
| $20.3M | ﹤0.01% |
2,776,584
+156,280
| +6% | +$1.14M |
|
1466
Crocs
CROX
$6.31B
| $20.3M | ﹤0.01% |
1,026,854
+13,850
| +1% | +$321K |
|
1467
Groupon
GRPN
$889M
| $20.2M | ﹤0.01% |
282,781
+22,556
| +9% | +$1.59M |
|
|
CVGW
1468
DELISTED
Calavo Growers
CVGW
| $20.2M | ﹤0.01% |
209,255
+16,134
| +8% | +$1.51M |
|
1469
Chord Energy
CHRD
$7.62B
| $20.2M | ﹤0.01% |
3,559,699
+463,434
| +15% | +$2.63M |
|
|
SRG
1470
Seritage Growth Properties
SRG
$135M
| $20.2M | ﹤0.01% |
470,529
+43,795
| +10% | +$1.93M |
|
1471
Asbury Automotive
ABG
$3.73B
| $20.2M | ﹤0.01% |
239,611
+18,295
| +8% | +$1.43M |
|
1472
Tronox
TROX
$1.02B
| $20.2M | ﹤0.01% |
1,581,243
+286,856
| +22% | +$3.51M |
|
|
GHDX
1473
DELISTED
Genomic Health, Inc.
GHDX
| $20.2M | ﹤0.01% |
347,194
-43,570
| -11% | -$2.58M |
|
|
TWNK
1474
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $20.1M | ﹤0.01% |
1,391,138
+169,435
| +14% | +$2.27M |
|
|
ACIA
1475
DELISTED
Acacia Communications Inc
ACIA
| $20.1M | ﹤0.01% |
425,604
+65,525
| +18% | +$3.45M |
|
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.