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 | |
|---|---|---|---|---|---|---|
1501
Fortis
FTS
$28.6B
| $19.4M | ﹤0.01% |
491,350
+39,130
| +9% | +$1.48M |
|
1502
BancFirst
BANF
$3.82B
| $19.4M | ﹤0.01% |
348,042
+12,269
| +4% | +$681K |
|
1503
HNI Corp
HNI
$3.57B
| $19.4M | ﹤0.01% |
547,499
+37,830
| +7% | +$1.36M |
|
1504
Edgewell Personal Care
EPC
$1.32B
| $19.4M | ﹤0.01% |
718,637
-64,947
| -8% | -$2.32M |
|
|
BMCH
1505
DELISTED
BMC Stock Holdings, Inc
BMCH
| $19.3M | ﹤0.01% |
912,439
+50,155
| +6% | +$1.04M |
|
|
LTRPA
1506
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $19.3M | ﹤0.01% |
1,557,770
+243,889
| +19% | +$3.2M |
|
1507
Hilltop Holdings
HTH
$2.24B
| $19.3M | ﹤0.01% |
907,556
+57,390
| +7% | +$1.16M |
|
|
HTLF
1508
DELISTED
Heartland Financial USA, Inc.
HTLF
| $19.3M | ﹤0.01% |
431,311
+69,270
| +19% | +$3.06M |
|
1509
Dave & Buster's
PLAY
$349M
| $19.3M | ﹤0.01% |
476,496
+5,942
| +1% | +$302K |
|
1510
Safety Insurance
SAFT
$1.52B
| $19.3M | ﹤0.01% |
202,461
+12,980
| +7% | +$1.21M |
|
1511
Universal Corp
UVV
$1.15B
| $19.2M | ﹤0.01% |
316,465
+24,294
| +8% | +$1.36M |
|
|
INN
1512
Summit Hotel Properties
INN
$651M
| $19.2M | ﹤0.01% |
1,674,920
+121,565
| +8% | +$1.43M |
|
1513
Chesapeake Utilities
CPK
$3.22B
| $19.2M | ﹤0.01% |
201,823
+12,690
| +7% | +$1.18M |
|
1514
Stride
LRN
$3.29B
| $19.1M | ﹤0.01% |
627,787
+27,354
| +5% | +$880K |
|
1515
Red Rock Resorts
RRR
$3.73B
| $19M | ﹤0.01% |
885,742
+68,471
| +8% | +$1.66M |
|
|
CALY
1516
Callaway Golf Company
CALY
$3.01B
| $19M | ﹤0.01% |
1,105,671
+75,689
| +7% | +$1.25M |
|
|
ATSG
1517
DELISTED
Air Transport Services Group
ATSG
| $18.9M | ﹤0.01% |
775,688
+49,614
| +7% | +$1.14M |
|
1518
Mueller Water Products
MWA
$4.09B
| $18.9M | ﹤0.01% |
1,925,683
+127,989
| +7% | +$1.28M |
|
1519
Werner Enterprises
WERN
$2.18B
| $18.9M | ﹤0.01% |
606,817
+40,815
| +7% | +$1.32M |
|
1520
Cactus
WHD
$5.78B
| $18.8M | ﹤0.01% |
568,768
+76,583
| +16% | +$2.66M |
|
1521
Gentherm
THRM
$1.27B
| $18.8M | ﹤0.01% |
450,027
+19,981
| +5% | +$804K |
|
1522
Provident Financial Services
PFS
$3.23B
| $18.8M | ﹤0.01% |
775,689
+52,632
| +7% | +$1.33M |
|
1523
HUB Group
HUBG
$2.32B
| $18.8M | ﹤0.01% |
895,060
+59,674
| +7% | +$1.25M |
|
|
ILPT
1524
Industrial Logistics Properties Trust
ILPT
$591M
| $18.8M | ﹤0.01% |
901,031
+48,380
| +6% | +$961K |
|
1525
James River Group Holdings
JRVR
$194M
| $18.8M | ﹤0.01% |
399,813
+41,953
| +12% | +$1.83M |
|
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.