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 | |
|---|---|---|---|---|---|---|
2126
Gossamer Bio
GOSS
$86.8M
| $8.24M | ﹤0.01% |
527,405
+27,310
| +5% | +$550K |
|
2127
Peabody Energy
BTU
$3.01B
| $8.24M | ﹤0.01% |
903,820
-33,798
| -4% | -$388K |
|
2128
Talos Energy
TALO
$2.59B
| $8.23M | ﹤0.01% |
273,064
+1,426
| +0.5% | +$33.3K |
|
2129
Tootsie Roll Industries
TR
$3.05B
| $8.23M | ﹤0.01% |
296,515
+15,143
| +5% | +$428K |
|
2130
Monarch Casino & Resort
MCRI
$2.22B
| $8.22M | ﹤0.01% |
169,342
+3,846
| +2% | +$171K |
|
2131
Mercantile Bank Corp
MBWM
$1.06B
| $8.22M | ﹤0.01% |
225,391
+10,278
| +5% | +$361K |
|
2132
CrowdStrike
CRWD
$226B
| $8.21M | ﹤0.01% |
658,468
+13,160
| +2% | +$173K |
|
|
AD
2133
Array Digital Infrastructure
AD
$3.04B
| $8.18M | ﹤0.01% |
225,989
+41,492
| +22% | +$1.45M |
|
2134
Manitowoc
MTW
$727M
| $8.17M | ﹤0.01% |
466,855
+10,051
| +2% | +$147K |
|
2135
AngioDynamics
ANGO
$651M
| $8.16M | ﹤0.01% |
509,562
-44,178
| -8% | -$675K |
|
2136
Independent Bank Corp
IBCP
$850M
| $8.13M | ﹤0.01% |
359,204
+18,816
| +6% | +$416K |
|
2137
Krystal Biotech
KRYS
$9.85B
| $8.13M | ﹤0.01% |
146,783
+3,387
| +2% | +$166K |
|
2138
AdvanSix
ASIX
$427M
| $8.05M | ﹤0.01% |
403,240
+38,701
| +11% | +$846K |
|
2139
Intellia Therapeutics
NTLA
$1.69B
| $8.05M | ﹤0.01% |
548,563
-27,555
| -5% | -$383K |
|
2140
Kinross Gold
KGC
$32.6B
| $8.04M | ﹤0.01% |
1,708,292
+175,339
| +11% | +$791K |
|
|
STFC
2141
DELISTED
State Auto Financial Corp
STFC
| $8.03M | ﹤0.01% |
258,899
+9,243
| +4% | +$298K |
|
2142
Cerus
CERS
$546M
| $8.03M | ﹤0.01% |
1,902,399
+57,697
| +3% | +$249K |
|
|
TPIC
2143
DELISTED
TPI Composites
TPIC
| $8M | ﹤0.01% |
432,330
+34,886
| +9% | +$640K |
|
2144
Financial Institutions
FISI
$825M
| $7.97M | ﹤0.01% |
248,456
+22,831
| +10% | +$719K |
|
|
WCN
2145
Waste Connections
WCN
$41.6B
| $7.96M | ﹤0.01% |
86,956
-60,673
| -41% | -$5.51M |
|
|
SHYF
2146
DELISTED
The Shyft Group
SHYF
| $7.95M | ﹤0.01% |
439,767
+15,278
| +4% | +$255K |
|
|
EFC
2147
Ellington Financial
EFC
$1.76B
| $7.93M | ﹤0.01% |
432,472
+12,224
| +3% | +$223K |
|
2148
Golar LNG
GLNG
$5.2B
| $7.92M | ﹤0.01% |
557,120
+14,593
| +3% | +$198K |
|
|
FFG
2149
DELISTED
FBL Financial Group
FFG
| $7.91M | ﹤0.01% |
134,224
+7,300
| +6% | +$420K |
|
|
JOBS
2150
DELISTED
51job Inc
JOBS
| $7.91M | ﹤0.01% |
93,637
+9,370
| +11% | +$750K |
|
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.