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 | |
|---|---|---|---|---|---|---|
2051
WillScot Mobile Mini Holdings
WSC
$4.08B
| $8.4M | ﹤0.01% |
558,492
+94,874
| +20% | +$1.29M |
|
2052
Twist Bioscience
TWST
$7.79B
| $8.37M | ﹤0.01% |
288,666
+200,808
| +229% | +$5.31M |
|
|
ITCI
2053
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $8.36M | ﹤0.01% |
644,414
+31,800
| +5% | +$408K |
|
2054
Ovintiv
OVV
$17.1B
| $8.32M | ﹤0.01% |
326,499
+46,258
| +17% | +$1.44M |
|
|
CTRL
2055
DELISTED
Control4 Corporation
CTRL
| $8.27M | ﹤0.01% |
348,099
+3,805
| +1% | +$79.8K |
|
2056
Intellia Therapeutics
NTLA
$1.67B
| $8.25M | ﹤0.01% |
504,085
+101,726
| +25% | +$1.6M |
|
|
NWLI
2057
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $8.25M | ﹤0.01% |
32,089
+2,176
| +7% | +$579K |
|
|
AXDX
2058
DELISTED
Accelerate Diagnostics
AXDX
| $8.23M | ﹤0.01% |
35,967
+2,803
| +8% | +$548K |
|
2059
Liberty Energy
LBRT
$3.46B
| $8.22M | ﹤0.01% |
508,383
+38,579
| +8% | +$591K |
|
|
CFXA
2060
DELISTED
Colfax Corporation 5.75% Tangible Equity Units
CFXA
| – | – |
0
| – | – |
|
|
FFG
2061
DELISTED
FBL Financial Group
FFG
| $8.2M | ﹤0.01% |
128,586
+245
| +0.2% | +$15.6K |
|
2062
Par Pacific Holdings
PARR
$4.06B
| $8.19M | ﹤0.01% |
398,935
+39,393
| +11% | +$768K |
|
2063
CAE Inc. Common Shares
CAE
$8.43B
| $8.16M | ﹤0.01% |
302,652
+30,273
| +11% | +$740K |
|
|
DCOM
2064
DELISTED
Dime Community Bancshares
DCOM
| $8.16M | ﹤0.01% |
429,746
+32,448
| +8% | +$617K |
|
|
APTS
2065
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $8.14M | ﹤0.01% |
544,546
+55,387
| +11% | +$862K |
|
2066
iShares MSCI Saudi Arabia ETF
KSA
$626M
| – | – |
0
| – | – |
|
|
PFC
2067
DELISTED
Premier Financial Corp. Common Stock
PFC
| $8.08M | ﹤0.01% |
282,789
+12,488
| +5% | +$358K |
|
|
VRS
2068
DELISTED
Verso Corporation
VRS
| $8.08M | ﹤0.01% |
424,140
-22,547
| -5% | -$456K |
|
|
FFIC
2069
DELISTED
Flushing Financial
FFIC
| $8.06M | ﹤0.01% |
363,332
+21,883
| +6% | +$483K |
|
2070
Cohu
COHU
$2.78B
| $8.06M | ﹤0.01% |
522,670
+33,459
| +7% | +$520K |
|
2071
FB Financial Corp
FBK
$3.1B
| $8.05M | ﹤0.01% |
219,859
+15,301
| +7% | +$540K |
|
2072
Gorman-Rupp
GRC
$2.13B
| $8.01M | ﹤0.01% |
243,843
+10,954
| +5% | +$356K |
|
|
HMHC
2073
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $8M | ﹤0.01% |
1,389,068
+84,358
| +6% | +$560K |
|
2074
Bausch Health
BHC
$2.34B
| $7.99M | ﹤0.01% |
319,124
+11,807
| +4% | +$280K |
|
2075
Imperial Oil
IMO
$63.7B
| $7.99M | ﹤0.01% |
289,692
+29,453
| +11% | +$826K |
|
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.