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 | |
|---|---|---|---|---|---|---|
1926
Addus HomeCare
ADUS
$2.19B
| $10.2M | ﹤0.01% |
135,827
+16,471
| +14% | +$1.14M |
|
|
DMC
1927
Del Monte Corp
DMC
$1.45B
| $10.2M | ﹤0.01% |
377,645
+22,234
| +6% | +$607K |
|
|
TVTY
1928
DELISTED
Tivity Health, Inc. Common Stock
TVTY
| $10.2M | ﹤0.01% |
618,590
-137,280
| -18% | -$2.65M |
|
1929
TTEC Holdings
TTEC
$80.4M
| $10.2M | ﹤0.01% |
218,083
+11,539
| +6% | +$445K |
|
1930
MacroGenics
MGNX
$263M
| $10.2M | ﹤0.01% |
598,129
+90,465
| +18% | +$1.55M |
|
1931
W&T Offshore
WTI
$543M
| $10.1M | ﹤0.01% |
2,046,335
+238,312
| +13% | +$1.28M |
|
1932
Cerus
CERS
$578M
| $10.1M | ﹤0.01% |
1,799,383
+119,789
| +7% | +$662K |
|
|
AVX
1933
DELISTED
AVX Corporation
AVX
| $10.1M | ﹤0.01% |
608,217
+38,800
| +7% | +$639K |
|
|
USCR
1934
DELISTED
U S Concrete, Inc.
USCR
| $10.1M | ﹤0.01% |
203,126
+11,895
| +6% | +$555K |
|
1935
Comtech Telecommunications
CMTL
$53M
| $10.1M | ﹤0.01% |
359,035
-1,461
| -0.4% | -$35.3K |
|
1936
Voyager Therapeutics
VYGR
$200M
| $10.1M | ﹤0.01% |
369,229
+52,426
| +17% | +$1.2M |
|
1937
Icahn Enterprises
IEP
$5.35B
| $10M | ﹤0.01% |
138,788
+9,154
| +7% | +$664K |
|
1938
NRC Health Common Stock
NRC
$470M
| $10M | ﹤0.01% |
174,259
+19,856
| +13% | +$919K |
|
1939
Community Trust Bancorp
CTBI
$1.43B
| $10M | ﹤0.01% |
236,644
+15,000
| +7% | +$622K |
|
|
MNTV
1940
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $10M | ﹤0.01% |
605,725
+323,660
| +115% | +$5.53M |
|
|
SAFE
1941
Safehold
SAFE
$1.09B
| $10M | ﹤0.01% |
165,384
+9,101
| +6% | +$436K |
|
1942
Marten Transport
MRTN
$1.24B
| $10M | ﹤0.01% |
826,140
+60,663
| +8% | +$757K |
|
1943
Marcus & Millichap
MMI
$1.19B
| $9.99M | ﹤0.01% |
323,744
+47,086
| +17% | +$1.71M |
|
1944
Standard BioTools
LAB
$302M
| $9.95M | ﹤0.01% |
807,793
+168,692
| +26% | +$2.15M |
|
1945
RadNet
RDNT
$6.11B
| $9.95M | ﹤0.01% |
721,750
-128,641
| -15% | -$1.65M |
|
|
STMP
1946
DELISTED
Stamps.com, Inc.
STMP
| $9.95M | ﹤0.01% |
219,951
+7,891
| +4% | +$452K |
|
1947
Adtran
ADTN
$658M
| $9.93M | ﹤0.01% |
651,164
+22,919
| +4% | +$366K |
|
|
OSG
1948
Octave Specialty Group
OSG
$211M
| $9.92M | ﹤0.01% |
588,620
+35,604
| +6% | +$608K |
|
1949
Shutterstock
SSTK
$214M
| $9.92M | ﹤0.01% |
253,073
+15,712
| +7% | +$652K |
|
|
BNFT
1950
DELISTED
Benefitfocus, Inc.
BNFT
| $9.91M | ﹤0.01% |
364,993
+27,071
| +8% | +$909K |
|
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.