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 | |
|---|---|---|---|---|---|---|
|
NAV
1501
DELISTED
Navistar International
NAV
| $22.2M | ﹤0.01% |
766,947
+19,102
| +3% | +$587K |
|
1502
Installed Building Products
IBP
$6.5B
| $22.1M | ﹤0.01% |
321,627
+19,703
| +7% | +$1.33M |
|
|
EGOV
1503
DELISTED
NIC Inc
EGOV
| $22.1M | ﹤0.01% |
990,906
+24,577
| +3% | +$538K |
|
|
ODP
1504
DELISTED
ODP
ODP
| $22.1M | ﹤0.01% |
807,752
+24,546
| +3% | +$546K |
|
|
INVX
1505
Innovex International
INVX
$2.1B
| $22.1M | ﹤0.01% |
471,702
+9,229
| +2% | +$423K |
|
1506
Eagle Bancorp
EGBN
$879M
| $22.1M | ﹤0.01% |
454,465
+12,903
| +3% | +$584K |
|
1507
Kosmos Energy
KOS
$1.48B
| $22M | ﹤0.01% |
3,862,924
+125,125
| +3% | +$755K |
|
1508
Huron Consulting
HURN
$2.37B
| $22M | ﹤0.01% |
320,348
+8,952
| +3% | +$582K |
|
1509
Alarm.com
ALRM
$2.73B
| $22M | ﹤0.01% |
511,933
-2,061
| -0.4% | -$92.9K |
|
|
ITCI
1510
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $21.9M | ﹤0.01% |
639,498
-12,873
| -2% | -$154K |
|
1511
CNX Resources
CNX
$5.27B
| $21.9M | ﹤0.01% |
2,474,661
+103,669
| +4% | +$809K |
|
|
VG
1512
DELISTED
Vonage Holdings Corporation
VG
| $21.9M | ﹤0.01% |
2,953,767
+119,117
| +4% | +$1.03M |
|
|
ECOL
1513
DELISTED
US Ecology, Inc.
ECOL
| $21.9M | ﹤0.01% |
377,992
+79,291
| +27% | +$4.7M |
|
1514
Axos Financial
AX
$5.7B
| $21.8M | ﹤0.01% |
720,559
+18,437
| +3% | +$539K |
|
1515
Thomson Reuters
TRI
$44.4B
| $21.7M | ﹤0.01% |
289,440
+34,780
| +14% | +$2.53M |
|
1516
La-Z-Boy
LZB
$1.65B
| $21.7M | ﹤0.01% |
688,541
+4,035
| +0.6% | +$135K |
|
1517
Seacoast Banking Corp of Florida
SBCF
$3.45B
| $21.7M | ﹤0.01% |
708,886
+5,990
| +0.9% | +$170K |
|
1518
S&T Bancorp
STBA
$1.81B
| $21.6M | ﹤0.01% |
537,210
+72,970
| +16% | +$2.76M |
|
1519
Independence Realty Trust
IRT
$3.92B
| $21.6M | ﹤0.01% |
1,536,730
+46,456
| +3% | +$677K |
|
1520
Cactus
WHD
$5.81B
| $21.6M | ﹤0.01% |
629,605
+38,461
| +7% | +$1.17M |
|
|
BEAT
1521
DELISTED
BioTelemetry, Inc.
BEAT
| $21.6M | ﹤0.01% |
466,400
+14,750
| +3% | +$639K |
|
|
MNTV
1522
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $21.6M | ﹤0.01% |
1,206,115
+46,909
| +4% | +$825K |
|
1523
HNI Corp
HNI
$3.55B
| $21.5M | ﹤0.01% |
575,082
+17,513
| +3% | +$669K |
|
|
WIRE
1524
DELISTED
Encore Wire Corp
WIRE
| $21.4M | ﹤0.01% |
373,274
+17,073
| +5% | +$980K |
|
|
VGR
1525
DELISTED
Vector Group Ltd.
VGR
| $21.4M | ﹤0.01% |
2,251,925
-227,984
| -9% | -$1.99M |
|
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.