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 |
Microsoft
MSFT
|
+$848M |
| 2 |
Bristol-Myers Squibb
BMY
|
+$631M |
| 3 |
Truist Financial
TFC
|
+$445M |
| 4 |
Amazon
AMZN
|
+$334M |
| 5 |
ServiceNow
NOW
|
+$251M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$1.15B |
| 2 |
STI
SunTrust Banks, Inc.
STI
|
+$466M |
| 3 |
VIAB
Viacom Inc. Class B
VIAB
|
+$139M |
| 4 |
Oracle
ORCL
|
+$136M |
| 5 |
Intuitive Surgical
ISRG
|
+$111M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.79% |
| 2 | Financials | 15.45% |
| 3 | Healthcare | 13.87% |
| 4 | Consumer Discretionary | 9.9% |
| 5 | Industrials | 9.34% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2051
Customers Bancorp
CUBI
$2.8B
| $9.26M | ﹤0.01% |
389,053
+11,892
| +3% | +$273K |
|
|
MIK
2052
DELISTED
Michaels Stores, Inc
MIK
| $9.25M | ﹤0.01% |
1,143,617
-6,617
| -0.6% | -$55.6K |
|
|
SNR
2053
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $9.25M | ﹤0.01% |
1,209,088
+54,039
| +5% | +$401K |
|
2054
Globant
GLOB
$1.67B
| $9.22M | ﹤0.01% |
87,628
+6,169
| +8% | +$614K |
|
2055
NextCure
NXTC
$37.4M
| $9.21M | ﹤0.01% |
13,623
+8,609
| +172% | +$4.32M |
|
2056
Scorpio Tankers
STNG
$3.81B
| $9.18M | ﹤0.01% |
233,426
+18,989
| +9% | +$650K |
|
|
DNR
2057
DELISTED
Denbury Resources, Inc.
DNR
| $9.18M | ﹤0.01% |
6,508,229
+575,517
| +10% | +$642K |
|
|
USCR
2058
DELISTED
U S Concrete, Inc.
USCR
| $9.15M | ﹤0.01% |
219,693
+6,754
| +3% | +$309K |
|
2059
Matrix Service
MTRX
$330M
| $9.14M | ﹤0.01% |
399,691
-1,938
| -0.5% | -$38.3K |
|
2060
Rhythm Pharmaceuticals
RYTM
$8.1B
| $9.13M | ﹤0.01% |
397,875
+80,602
| +25% | +$1.79M |
|
2061
Peoples Bancorp
PEBO
$1.48B
| $9.11M | ﹤0.01% |
262,939
+15,463
| +6% | +$506K |
|
2062
Nicolet Bankshares
NIC
$3.72B
| $9.09M | ﹤0.01% |
123,054
+17,739
| +17% | +$1.25M |
|
2063
Lennar Class B
LEN.B
$20.1B
| $9.09M | ﹤0.01% |
213,852
+23,820
| +13% | +$1.06M |
|
2064
FB Financial Corp
FBK
$3.1B
| $9.07M | ﹤0.01% |
229,165
+9,886
| +5% | +$379K |
|
2065
Pitney Bowes
PBI
$2.28B
| $9.07M | ﹤0.01% |
2,251,235
+22,275
| +1% | +$102K |
|
2066
Upwork
UPWK
$1.05B
| $9.06M | ﹤0.01% |
849,553
+25,375
| +3% | +$320K |
|
|
HT
2067
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $9.06M | ﹤0.01% |
622,511
+30,384
| +5% | +$431K |
|
|
HMHC
2068
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $9.03M | ﹤0.01% |
1,445,239
+22,800
| +2% | +$133K |
|
2069
Prothena Corp
PRTA
$475M
| $9.01M | ﹤0.01% |
569,335
+37,767
| +7% | +$405K |
|
2070
nLIGHT
LASR
$3.06B
| $8.96M | ﹤0.01% |
441,996
+28,506
| +7% | +$491K |
|
2071
MGP Ingredients
MGPI
$381M
| $8.93M | ﹤0.01% |
184,314
+6,074
| +3% | +$284K |
|
2072
Palomar
PLMR
$3.36B
| $8.92M | ﹤0.01% |
176,688
+98,035
| +125% | +$4.59M |
|
2073
DXP Enterprises
DXPE
$3.04B
| $8.88M | ﹤0.01% |
223,146
+5,324
| +2% | +$199K |
|
2074
QCR Holdings
QCRH
$1.73B
| $8.88M | ﹤0.01% |
202,515
+16,743
| +9% | +$684K |
|
2075
DMC Global
BOOM
$155M
| $8.87M | ﹤0.01% |
197,467
+10,791
| +6% | +$480K |
|
Similar funds
Geode Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Geode Capital Management held 4,322 positions worth $478B, up 12% from $428B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Geode Capital Management's Q4 2019 filing shows 132 new, 3,091 increased, 523 reduced and 113 closed positions. Its largest new stake was Apollo Global Management: 1,482,213 shares worth $70.7M. The largest sale was Celgene Corp, an estimated $1.15B.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q4 2019 buy was Apollo Global Management: 1,482,213 shares worth $70.7M.
- Geode Capital Management added most to Microsoft in Q4 2019, an estimated $848M increase.
- Geode Capital Management's biggest Q4 2019 reduction was Oracle, cutting an estimated $136M.
- Geode Capital Management fully exited Celgene Corp in Q4 2019, selling an estimated $1.15B.
- Geode Capital Management's ten largest holdings make up 19% of its $478B portfolio in Q4 2019.
- Geode Capital Management opened 132 new positions and closed 113 in Q4 2019.
- Geode Capital Management's portfolio value rose 12% quarter-over-quarter to $478B.
Based on Geode Capital Management's 13F filing for Q4 2019, filed 13 Feb 2020.