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 | |
|---|---|---|---|---|---|---|
1726
Oil States International
OIS
$529M
| $13.5M | ﹤0.01% |
739,973
+45,460
| +7% | +$815K |
|
1727
Heritage Financial
HFWA
$1.21B
| $13.5M | ﹤0.01% |
458,000
+34,938
| +8% | +$1.05M |
|
1728
Kelly Services Class A
KELYA
$527M
| $13.5M | ﹤0.01% |
516,434
+45,380
| +10% | +$1.09M |
|
|
RARX
1729
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $13.4M | ﹤0.01% |
446,988
+75,500
| +20% | +$1.73M |
|
|
TUP
1730
DELISTED
Tupperware Brands Corporation
TUP
| $13.4M | ﹤0.01% |
705,353
+148,132
| +27% | +$3.33M |
|
|
KEM
1731
DELISTED
KEMET Corporation
KEM
| $13.4M | ﹤0.01% |
712,728
+47,227
| +7% | +$827K |
|
1732
Agnico Eagle Mines
AEM
$94.5B
| $13.4M | ﹤0.01% |
263,102
+40,706
| +18% | +$1.78M |
|
|
TCDA
1733
DELISTED
Tricida, Inc. Common Stock
TCDA
| $13.4M | ﹤0.01% |
339,128
+104,193
| +44% | +$3.66M |
|
1734
Trupanion
TRUP
$1.35B
| $13.3M | ﹤0.01% |
369,157
+17,243
| +5% | +$567K |
|
1735
Myers Industries
MYE
$1.22B
| $13.3M | ﹤0.01% |
691,875
+29,823
| +5% | +$537K |
|
|
ARR
1736
Armour Residential REIT
ARR
$2.36B
| $13.3M | ﹤0.01% |
142,981
+21,456
| +18% | +$2.02M |
|
1737
Stewart Information Services
STC
$2B
| $13.3M | ﹤0.01% |
327,321
+50,427
| +18% | +$2.14M |
|
1738
PennyMac Financial
PFSI
$3.94B
| $13.2M | ﹤0.01% |
596,900
+69,813
| +13% | +$1.55M |
|
1739
STAAR Surgical
STAA
$1.25B
| $13.2M | ﹤0.01% |
449,387
+3,826
| +0.9% | +$110K |
|
1740
Abercrombie & Fitch
ANF
$5.07B
| $13.2M | ﹤0.01% |
822,493
-1,764
| -0.2% | -$40.8K |
|
1741
Mesa Laboratories
MLAB
$620M
| $13.2M | ﹤0.01% |
53,954
+11,485
| +27% | +$2.67M |
|
|
LTHM
1742
DELISTED
Livent Corporation
LTHM
| $13.2M | ﹤0.01% |
1,904,252
+243,006
| +15% | +$2.18M |
|
1743
Tactile Systems Technology
TCMD
$562M
| $13.1M | ﹤0.01% |
231,020
+17,101
| +8% | +$892K |
|
1744
Enterprise Financial Services Corp
EFSC
$2.41B
| $13.1M | ﹤0.01% |
315,881
+26,598
| +9% | +$1.11M |
|
1745
CNA Financial
CNA
$13.8B
| $13.1M | ﹤0.01% |
277,954
-27,055
| -9% | -$1.23M |
|
1746
Magnolia Oil & Gas
MGY
$6.18B
| $13.1M | ﹤0.01% |
1,129,875
+448,174
| +66% | +$5.5M |
|
1747
Innoviva
INVA
$1.52B
| $13M | ﹤0.01% |
893,360
+28,522
| +3% | +$404K |
|
1748
TTM Technologies
TTMI
$14.6B
| $13M | ﹤0.01% |
1,274,751
+24,969
| +2% | +$276K |
|
|
AVP
1749
DELISTED
Avon Products, Inc.
AVP
| $13M | ﹤0.01% |
3,349,914
+47,983
| +1% | +$160K |
|
|
TBI
1750
Trueblue
TBI
$303M
| $13M | ﹤0.01% |
588,629
+51,598
| +10% | +$1.2M |
|
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.