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 | |
|---|---|---|---|---|---|---|
2001
Horizon Bancorp
HBNC
$1.06B
| $9.14M | ﹤0.01% |
559,291
+32,811
| +6% | +$531K |
|
|
XENT
2002
DELISTED
Intersect ENT, Inc
XENT
| $9.13M | ﹤0.01% |
401,389
+28,317
| +8% | +$764K |
|
|
DBD
2003
DELISTED
Diebold Nixdorf Incorporated
DBD
| $9.12M | ﹤0.01% |
995,824
+104,162
| +12% | +$1.09M |
|
|
SINA
2004
DELISTED
Sina Corp
SINA
| $9.08M | ﹤0.01% |
211,449
-7,558
| -3% | -$396K |
|
|
FOCS
2005
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $9.07M | ﹤0.01% |
332,050
+35,308
| +12% | +$1.15M |
|
2006
Marcus Corp
MCS
$921M
| $9.06M | ﹤0.01% |
274,967
+27,489
| +11% | +$1.01M |
|
|
CHCT
2007
Community Healthcare Trust
CHCT
$437M
| $9.05M | ﹤0.01% |
229,555
+17,624
| +8% | +$656K |
|
|
MOBL
2008
DELISTED
MobileIron, Inc.
MOBL
| $9.01M | ﹤0.01% |
1,453,117
+407,710
| +39% | +$2.31M |
|
|
CMO
2009
DELISTED
Capstead Mortgage Corp.
CMO
| $9.01M | ﹤0.01% |
1,078,609
+66,403
| +7% | +$558K |
|
|
RUTH
2010
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $9M | ﹤0.01% |
396,511
+2,377
| +0.6% | +$58.1K |
|
|
CJ
2011
DELISTED
C&J Energy Services, Inc.
CJ
| $9M | ﹤0.01% |
763,695
+59,453
| +8% | +$814K |
|
2012
Southern Copper
SCCO
$159B
| $8.97M | ﹤0.01% |
253,495
+28,697
| +13% | +$987K |
|
|
BFS
2013
Saul Centers
BFS
$861M
| $8.97M | ﹤0.01% |
159,776
+13,865
| +10% | +$755K |
|
2014
Century Communities
CCS
$2.02B
| $8.97M | ﹤0.01% |
337,322
+24,146
| +8% | +$639K |
|
2015
TG Therapeutics
TGTX
$7.35B
| $8.95M | ﹤0.01% |
1,034,629
+106,480
| +11% | +$805K |
|
|
CSR
2016
Centerspace
CSR
$937M
| $8.94M | ﹤0.01% |
152,312
+8,958
| +6% | +$533K |
|
2017
Cass Information Systems
CASS
$749M
| $8.93M | ﹤0.01% |
184,249
+8,313
| +5% | +$389K |
|
2018
Sanofi
SNY
$105B
| $8.92M | ﹤0.01% |
206,058
-5,675
| -3% | -$241K |
|
2019
MACOM Technology Solutions
MTSI
$24B
| $8.91M | ﹤0.01% |
588,946
+37,195
| +7% | +$561K |
|
2020
Anika Therapeutics
ANIK
$285M
| $8.88M | ﹤0.01% |
218,686
+21,032
| +11% | +$767K |
|
2021
Copa Holdings
CPA
$6.17B
| $8.88M | ﹤0.01% |
90,975
+4,975
| +6% | +$441K |
|
2022
Ingles Markets
IMKTA
$1.68B
| $8.87M | ﹤0.01% |
285,030
+1,202
| +0.4% | +$35.3K |
|
|
RVI
2023
DELISTED
Retail Value Inc. Common Shares
RVI
| $8.86M | ﹤0.01% |
2,774,568
+473,885
| +21% | +$1.46M |
|
2024
Select Water Solutions
WTTR
$2.65B
| $8.84M | ﹤0.01% |
761,134
+100,453
| +15% | +$1.17M |
|
2025
Axogen
AXGN
$2.57B
| $8.83M | ﹤0.01% |
445,822
+29,043
| +7% | +$622K |
|
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.