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 | |
|---|---|---|---|---|---|---|
1576
Benchmark Electronics
BHE
$2.89B
| $19.5M | ﹤0.01% |
566,904
+77,232
| +16% | +$2.55M |
|
1577
Materion
MTRN
$5.88B
| $19.5M | ﹤0.01% |
327,601
-1,434
| -0.4% | -$84.8K |
|
1578
Nelnet
NNI
$4.55B
| $19.4M | ﹤0.01% |
333,786
+3,045
| +0.9% | +$186K |
|
1579
First Busey Corp
BUSE
$2.58B
| $19.4M | ﹤0.01% |
703,839
+36,134
| +5% | +$954K |
|
1580
Dycom Industries
DY
$12.3B
| $19.3M | ﹤0.01% |
408,475
+10,745
| +3% | +$523K |
|
|
INOV
1581
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $19.3M | ﹤0.01% |
1,023,270
+40,482
| +4% | +$678K |
|
1582
Safety Insurance
SAFT
$1.52B
| $19.3M | ﹤0.01% |
208,107
+5,064
| +2% | +$494K |
|
|
AVP
1583
DELISTED
Avon Products, Inc.
AVP
| $19.2M | ﹤0.01% |
3,409,711
+20,650
| +0.6% | +$95.9K |
|
|
TERP
1584
DELISTED
TerraForm Power, Inc
TERP
| $19.2M | ﹤0.01% |
1,247,976
+118,017
| +10% | +$1.9M |
|
|
CTB
1585
DELISTED
Cooper Tire & Rubber Co.
CTB
| $19.2M | ﹤0.01% |
667,659
+29,393
| +5% | +$831K |
|
1586
Helios Technologies
HLIO
$2.67B
| $19.2M | ﹤0.01% |
414,818
+9,304
| +2% | +$399K |
|
|
RTL
1587
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $19.2M | ﹤0.01% |
1,446,000
+68,441
| +5% | +$978K |
|
1588
Oceaneering
OII
$5.11B
| $19.2M | ﹤0.01% |
1,285,369
+6,630
| +0.5% | +$92.2K |
|
|
ATSG
1589
DELISTED
Air Transport Services Group
ATSG
| $19M | ﹤0.01% |
811,546
+15,571
| +2% | +$349K |
|
|
STMP
1590
DELISTED
Stamps.com, Inc.
STMP
| $19M | ﹤0.01% |
227,924
+10,038
| +5% | +$837K |
|
|
FG
1591
DELISTED
FGL Holdings Ordinary Shares
FG
| $19M | ﹤0.01% |
1,781,169
+74,131
| +4% | +$674K |
|
|
HA
1592
DELISTED
Hawaiian Holdings, Inc.
HA
| $19M | ﹤0.01% |
647,164
+11,185
| +2% | +$327K |
|
|
IRBT
1593
DELISTED
iRobot
IRBT
| $18.9M | ﹤0.01% |
373,879
+6,979
| +2% | +$350K |
|
|
NVTA
1594
DELISTED
Invitae Corporation
NVTA
| $18.9M | ﹤0.01% |
1,173,454
+37,435
| +3% | +$662K |
|
1595
Dine Brands
DIN
$440M
| $18.9M | ﹤0.01% |
226,314
-431
| -0.2% | -$33.5K |
|
1596
Regenxbio
RGNX
$704M
| $18.9M | ﹤0.01% |
461,222
+3,129
| +0.7% | +$124K |
|
1597
Vodafone
VOD
$37.5B
| $18.8M | ﹤0.01% |
972,610
+251,624
| +35% | +$5.01M |
|
1598
Universal Corp
UVV
$1.12B
| $18.8M | ﹤0.01% |
329,416
+5,372
| +2% | +$290K |
|
1599
City Holding Co
CHCO
$2.08B
| $18.8M | ﹤0.01% |
229,325
+425
| +0.2% | +$33.7K |
|
1600
First Commonwealth Financial
FCF
$2.19B
| $18.8M | ﹤0.01% |
1,294,822
+37,107
| +3% | +$521K |
|
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.