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 | |
|---|---|---|---|---|---|---|
1976
Center Bancorp
CNOB
$1.81B
| $9.58M | ﹤0.01% |
422,947
+47,540
| +13% | +$1.02M |
|
|
SPWR
1977
DELISTED
SunPower Corporation Common Stock
SPWR
| $9.57M | ﹤0.01% |
1,366,853
+124,368
| +10% | +$661K |
|
1978
Theravance Biopharma
TBPH
$878M
| $9.56M | ﹤0.01% |
585,741
+41,712
| +8% | +$845K |
|
1979
ANI Pharmaceuticals
ANIP
$1.72B
| $9.54M | ﹤0.01% |
116,013
+10,052
| +9% | +$715K |
|
1980
Telus
TU
$15.1B
| $9.52M | ﹤0.01% |
517,954
+63,162
| +14% | +$1.17M |
|
1981
Hanmi Financial
HAFC
$960M
| $9.49M | ﹤0.01% |
426,113
+24,853
| +6% | +$551K |
|
1982
Camden National
CAC
$992M
| $9.48M | ﹤0.01% |
206,589
+12,638
| +7% | +$552K |
|
1983
Stratasys
SSYS
$798M
| $9.46M | ﹤0.01% |
322,274
+42,223
| +15% | +$1M |
|
1984
Johnson Outdoors
JOUT
$513M
| $9.46M | ﹤0.01% |
126,825
-218
| -0.2% | -$16.8K |
|
1985
Bank of N.T. Butterfield & Son
NTB
$2.5B
| $9.45M | ﹤0.01% |
278,370
+57,536
| +26% | +$2.13M |
|
1986
Preferred Bank
PFBC
$1.27B
| $9.45M | ﹤0.01% |
200,038
+11,736
| +6% | +$551K |
|
1987
Cooper-Standard Automotive
CPS
$486M
| $9.39M | ﹤0.01% |
204,959
-17,618
| -8% | -$840K |
|
|
LABL
1988
DELISTED
Multi-Color Corp
LABL
| $9.37M | ﹤0.01% |
187,540
+11,860
| +7% | +$592K |
|
1989
German American Bancorp
GABC
$1.92B
| $9.37M | ﹤0.01% |
310,941
+17,115
| +6% | +$503K |
|
1990
Genesco
GCO
$388M
| $9.35M | ﹤0.01% |
221,074
-28,437
| -11% | -$1.26M |
|
|
CARO
1991
DELISTED
Carolina Financial Corp.
CARO
| $9.35M | ﹤0.01% |
266,401
+17,105
| +7% | +$610K |
|
1992
Tootsie Roll Industries
TR
$3.04B
| $9.32M | ﹤0.01% |
310,510
+20,375
| +7% | +$639K |
|
1993
The RMR Group
RMR
$343M
| $9.31M | ﹤0.01% |
198,160
+12,697
| +7% | +$684K |
|
|
MAGN
1994
Magnera Corp
MAGN
$436M
| $9.29M | ﹤0.01% |
42,320
+2,798
| +7% | +$558K |
|
|
CWEN.A
1995
DELISTED
Clearway Energy Class A
CWEN.A
| $9.27M | ﹤0.01% |
573,174
-23,504
| -4% | -$356K |
|
1996
Phibro Animal Health
PAHC
$1.38B
| $9.26M | ﹤0.01% |
291,347
+15,238
| +6% | +$478K |
|
1997
Triumph Financial Inc
TFIN
$1.88B
| $9.24M | ﹤0.01% |
318,098
+26,851
| +9% | +$801K |
|
|
PSDO
1998
DELISTED
Presidio, Inc. Common Stock
PSDO
| $9.23M | ﹤0.01% |
675,370
+89,542
| +15% | +$1.26M |
|
1999
Gildan
GIL
$10.6B
| $9.21M | ﹤0.01% |
239,476
+14,729
| +7% | +$550K |
|
|
AKS
2000
DELISTED
AK Steel Holding Corp
AKS
| $9.15M | ﹤0.01% |
3,859,724
+340,463
| +10% | +$793K |
|
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.