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 | |
|---|---|---|---|---|---|---|
|
MCHB
1876
Mechanics Bancorp
MCHB
$3.79B
| $10.9M | ﹤0.01% |
366,523
+24,577
| +7% | +$707K |
|
1877
Tidewater
TDW
$4.55B
| $10.9M | ﹤0.01% |
462,614
+92,474
| +25% | +$2.13M |
|
|
CBLK
1878
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $10.9M | ﹤0.01% |
649,056
+381,245
| +142% | +$5.85M |
|
1879
Onto Innovation
ONTO
$20.6B
| $10.8M | ﹤0.01% |
312,554
+19,748
| +7% | +$631K |
|
|
LBAI
1880
DELISTED
Lakeland Bancorp Inc
LBAI
| $10.8M | ﹤0.01% |
669,230
+74,508
| +13% | +$1.18M |
|
1881
St. Joe Company
JOE
$3.89B
| $10.8M | ﹤0.01% |
625,393
+25,259
| +4% | +$423K |
|
|
GES
1882
DELISTED
Guess Inc
GES
| $10.8M | ﹤0.01% |
669,003
+6,719
| +1% | +$116K |
|
1883
Washington Trust Bancorp
WASH
$767M
| $10.8M | ﹤0.01% |
206,916
+13,128
| +7% | +$667K |
|
1884
Central Pacific Financial
CPF
$1B
| $10.8M | ﹤0.01% |
360,035
+25,618
| +8% | +$747K |
|
|
RTL
1885
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $10.8M | ﹤0.01% |
988,513
+514,299
| +108% | +$5.36M |
|
1886
Greif
GEF
$5.03B
| $10.8M | ﹤0.01% |
330,402
+27,129
| +9% | +$1.01M |
|
|
MIK
1887
DELISTED
Michaels Stores, Inc
MIK
| $10.7M | ﹤0.01% |
1,233,683
+147,065
| +14% | +$1.55M |
|
1888
Chefs' Warehouse
CHEF
$4.57B
| $10.7M | ﹤0.01% |
304,071
+32,367
| +12% | +$1.07M |
|
|
CCF
1889
DELISTED
Chase Corporation
CCF
| $10.6M | ﹤0.01% |
98,854
+12,545
| +15% | +$1.24M |
|
1890
Elastic
ESTC
$8.94B
| $10.6M | ﹤0.01% |
142,184
+71,031
| +100% | +$5.8M |
|
1891
Stock Yards Bancorp
SYBT
$2.64B
| $10.6M | ﹤0.01% |
293,341
+11,177
| +4% | +$387K |
|
|
QUOT
1892
DELISTED
Quotient Technology Inc
QUOT
| $10.6M | ﹤0.01% |
987,385
+64,516
| +7% | +$654K |
|
1893
Stoneridge
SRI
$201M
| $10.6M | ﹤0.01% |
335,934
+4,030
| +1% | +$119K |
|
|
TYPE
1894
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $10.6M | ﹤0.01% |
628,596
+65,024
| +12% | +$1.16M |
|
|
SRDX
1895
DELISTED
Surmodics
SRDX
| $10.6M | ﹤0.01% |
245,066
-7,366
| -3% | -$311K |
|
|
WAIR
1896
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $10.6M | ﹤0.01% |
950,998
+215,991
| +29% | +$2.07M |
|
|
CCC.WS
1897
DELISTED
Clarivate Analytics Plc Warrants, each to purchase one Ordinary Share
CCC.WS
| $10.5M | ﹤0.01% |
+2,220,650
| New | +$8.27M |
|
|
VIVO
1898
DELISTED
Meridian Bioscience Inc
VIVO
| $10.5M | ﹤0.01% |
886,561
+46,640
| +6% | +$562K |
|
|
EVRI
1899
DELISTED
Everi Holdings
EVRI
| $10.5M | ﹤0.01% |
882,320
+52,460
| +6% | +$569K |
|
1900
Univest Financial
UVSP
$1.19B
| $10.5M | ﹤0.01% |
400,175
+30,154
| +8% | +$757K |
|
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.