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 | |
|---|---|---|---|---|---|---|
1751
Artivion
AORT
$1.39B
| $13M | ﹤0.01% |
432,735
+37,123
| +9% | +$1.1M |
|
|
WUBA
1752
DELISTED
58.com Inc
WUBA
| $12.9M | ﹤0.01% |
209,401
+15,490
| +8% | +$998K |
|
1753
Upwork
UPWK
$1.03B
| $12.9M | ﹤0.01% |
803,615
+221,814
| +38% | +$3.82M |
|
1754
CBIZ
CBZ
$2.97B
| $12.9M | ﹤0.01% |
659,542
+30,006
| +5% | +$602K |
|
1755
Scansource
SCSC
$1.05B
| $12.9M | ﹤0.01% |
396,049
+3,488
| +0.9% | +$119K |
|
1756
Methode Electronics
MEI
$601M
| $12.9M | ﹤0.01% |
450,113
+31,737
| +8% | +$889K |
|
|
TRTX
1757
TPG RE Finance Trust
TRTX
$614M
| $12.8M | ﹤0.01% |
663,471
+127,435
| +24% | +$2.5M |
|
|
ESV
1758
DELISTED
Ensco Rowan plc
ESV
| $12.8M | ﹤0.01% |
1,499,963
+680,505
| +83% | +$7.86M |
|
|
TIVO
1759
DELISTED
Tivo Inc
TIVO
| $12.7M | ﹤0.01% |
1,726,753
+186,689
| +12% | +$1.5M |
|
1760
Upland Software
UPLD
$15.9M
| $12.7M | ﹤0.01% |
27,943
+7,996
| +40% | +$3.66M |
|
1761
Nabors Industries
NBR
$1.31B
| $12.7M | ﹤0.01% |
87,650
+11,935
| +16% | +$1.91M |
|
1762
Seaboard Corp
SEB
$4.06B
| $12.7M | ﹤0.01% |
3,067
+82
| +3% | +$352K |
|
|
NRE
1763
DELISTED
NorthStar Realty Europe Corp.
NRE
| $12.7M | ﹤0.01% |
771,646
+68,908
| +10% | +$1.17M |
|
|
FSP
1764
Franklin Street Properties
FSP
$46.4M
| $12.7M | ﹤0.01% |
1,715,330
+142,113
| +9% | +$1.08M |
|
1765
Opko Health
OPK
$1.04B
| $12.6M | ﹤0.01% |
5,172,193
+644,561
| +14% | +$1.41M |
|
1766
Travere Therapeutics
TVTX
$5.83B
| $12.6M | ﹤0.01% |
628,238
+92,800
| +17% | +$1.83M |
|
1767
3D Systems Corp
DDD
$603M
| $12.6M | ﹤0.01% |
1,385,738
+109,912
| +9% | +$1.04M |
|
|
EBSB
1768
DELISTED
Meridian Bancorp, Inc.
EBSB
| $12.6M | ﹤0.01% |
702,344
+45,244
| +7% | +$774K |
|
|
SFIX
1769
Stitch Fix
SFIX
$476M
| $12.5M | ﹤0.01% |
392,268
+224,648
| +134% | +$6.03M |
|
1770
National Bank Holdings
NBHC
$1.93B
| $12.5M | ﹤0.01% |
345,543
+32,966
| +11% | +$1.19M |
|
|
CBPX
1771
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $12.5M | ﹤0.01% |
471,847
+32,837
| +7% | +$825K |
|
1772
Encore Capital Group
ECPG
$2.09B
| $12.5M | ﹤0.01% |
370,110
+45,889
| +14% | +$1.49M |
|
|
ENDP
1773
DELISTED
Endo International plc
ENDP
| $12.5M | ﹤0.01% |
3,031,145
+365,102
| +14% | +$2.3M |
|
|
NCI
1774
DELISTED
Navigant Consulting, Inc.
NCI
| $12.5M | ﹤0.01% |
538,480
+1,876
| +0.3% | +$41.5K |
|
1775
Primoris Services
PRIM
$4.4B
| $12.4M | ﹤0.01% |
594,205
+26,310
| +5% | +$539K |
|
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.