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 | |
|---|---|---|---|---|---|---|
1626
Zoom
ZM
$31.1B
| $16.1M | ﹤0.01% |
+181,789
| New | +$15M |
|
1627
Kforce
KFRC
$1.04B
| $16.1M | ﹤0.01% |
459,857
+5,764
| +1% | +$207K |
|
1628
Installed Building Products
IBP
$6.63B
| $16.1M | ﹤0.01% |
272,418
+19,037
| +8% | +$1M |
|
|
ARQL
1629
DELISTED
Arqule Inc
ARQL
| $16.1M | ﹤0.01% |
1,464,883
+110,328
| +8% | +$768K |
|
1630
Inogen
INGN
$157M
| $16.1M | ﹤0.01% |
241,316
+17,004
| +8% | +$1.29M |
|
|
FOE
1631
DELISTED
Ferro Corporation
FOE
| $16.1M | ﹤0.01% |
1,016,998
+59,220
| +6% | +$951K |
|
|
MNTA
1632
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $16.1M | ﹤0.01% |
1,289,229
+77,035
| +6% | +$1.02M |
|
1633
Kearny Financial
KRNY
$600M
| $16M | ﹤0.01% |
1,205,783
+28,261
| +2% | +$380K |
|
1634
Strategy Inc
MSTR
$37.8B
| $16M | ﹤0.01% |
1,118,010
+12,350
| +1% | +$174K |
|
|
SGMO
1635
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $16M | ﹤0.01% |
1,486,150
+233,677
| +19% | +$2.49M |
|
1636
Warrior Met Coal
HCC
$5.16B
| $16M | ﹤0.01% |
612,227
-8,142
| -1% | -$232K |
|
1637
Oxford Industries
OXM
$542M
| $16M | ﹤0.01% |
210,958
+14,251
| +7% | +$1.09M |
|
1638
Lakeland Financial Corp
LKFN
$1.54B
| $16M | ﹤0.01% |
341,209
+20,898
| +7% | +$974K |
|
1639
Pricesmart
PSMT
$5.33B
| $16M | ﹤0.01% |
312,466
+20,069
| +7% | +$1.12M |
|
1640
Cars.com
CARS
$635M
| $15.9M | ﹤0.01% |
808,792
+50,943
| +7% | +$1.09M |
|
1641
Designer Brands
DBI
$321M
| $15.9M | ﹤0.01% |
831,249
-144,282
| -15% | -$2.95M |
|
1642
AeroVironment
AVAV
$9.92B
| $15.9M | ﹤0.01% |
280,167
+20,430
| +8% | +$1.35M |
|
1643
Synaptics
SYNA
$4.18B
| $15.9M | ﹤0.01% |
545,651
+10,148
| +2% | +$331K |
|
1644
Amkor Technology
AMKR
$13.5B
| $15.9M | ﹤0.01% |
2,130,547
+20,374
| +1% | +$159K |
|
|
ODP
1645
DELISTED
ODP
ODP
| $15.8M | ﹤0.01% |
768,453
-27,880
| -4% | -$631K |
|
|
VGR
1646
DELISTED
Vector Group Ltd.
VGR
| $15.8M | ﹤0.01% |
2,402,739
+650,989
| +37% | +$4.35M |
|
|
ADAM
1647
Adamas Trust
ADAM
$919M
| $15.8M | ﹤0.01% |
637,016
+91,893
| +17% | +$2.27M |
|
|
AERI
1648
DELISTED
Aerie Pharmaceuticals
AERI
| $15.8M | ﹤0.01% |
533,576
+59,128
| +12% | +$2.28M |
|
1649
FormFactor
FORM
$9.46B
| $15.8M | ﹤0.01% |
1,005,407
+95,046
| +10% | +$1.56M |
|
|
TERP
1650
DELISTED
TerraForm Power, Inc
TERP
| $15.7M | ﹤0.01% |
1,100,275
+64,560
| +6% | +$886K |
|
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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.