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 |
Fidelity National Information Services
FIS
|
+$551M |
| 2 |
Procter & Gamble
PG
|
+$442M |
| 3 |
Microsoft
MSFT
|
+$421M |
| 4 |
L3Harris
LHX
|
+$395M |
| 5 |
Global Payments
GPN
|
+$365M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
RHT
Red Hat Inc
RHT
|
+$576M |
| 2 |
APC
Anadarko Petroleum
APC
|
+$457M |
| 3 |
WP
Worldpay, Inc.
WP
|
+$318M |
| 4 |
TSS
Total System Services, Inc.
TSS
|
+$296M |
| 5 |
LLL
L3 Technologies, Inc.
LLL
|
+$280M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.79% |
| 2 | Financials | 15.45% |
| 3 | Healthcare | 13.28% |
| 4 | Consumer Discretionary | 10.13% |
| 5 | Industrials | 9.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2701
Century Casinos
CNTY
$36.3M
| $2.75M | ﹤0.01% |
356,165
+24,309
| +7% | +$212K |
|
2702
Noodles & Co
NDLS
$111M
| $2.75M | ﹤0.01% |
60,822
+698
| +1% | +$37.5K |
|
|
TLRD
2703
DELISTED
Tailored Brands, Inc.
TLRD
| $2.75M | ﹤0.01% |
625,339
+8,958
| +1% | +$45.4K |
|
2704
Merchants Bancorp
MBIN
$2.56B
| $2.75M | ﹤0.01% |
249,257
+3,441
| +1% | +$38.2K |
|
|
ESXB
2705
DELISTED
Community Bankers Trust Corporation
ESXB
| $2.75M | ﹤0.01% |
319,537
+642
| +0.2% | +$5.14K |
|
2706
Rafael Holdings
RFL
$104M
| $2.74M | ﹤0.01% |
132,728
+7,635
| +6% | +$156K |
|
|
CHMI
2707
Cherry Hill Mortgage Investment Corp
CHMI
$85.2M
| $2.74M | ﹤0.01% |
208,998
-38,336
| -15% | -$543K |
|
|
FPI
2708
Farmland Partners
FPI
$418M
| $2.73M | ﹤0.01% |
408,354
+13,218
| +3% | +$84.9K |
|
|
SFE
2709
DELISTED
Safeguard Scientifics, Inc.
SFE
| $2.73M | ﹤0.01% |
240,503
-7,554
| -3% | -$90K |
|
2710
PagerDuty
PD
$856M
| $2.73M | ﹤0.01% |
96,472
+1,123
| +1% | +$43.1K |
|
2711
Rayonier Advanced Materials
RYAM
$608M
| $2.72M | ﹤0.01% |
628,011
-2,763
| -0.4% | -$11.8K |
|
|
PHX
2712
DELISTED
PHX Minerals
PHX
| $2.72M | ﹤0.01% |
194,287
+1,980
| +1% | +$24.2K |
|
|
SWAV
2713
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $2.71M | ﹤0.01% |
90,730
+965
| +1% | +$41K |
|
2714
HUTCHMED
HCM
$2.01B
| $2.71M | ﹤0.01% |
152,512
+24,496
| +19% | +$510K |
|
|
DRRX
2715
DELISTED
DURECT Corp
DRRX
| $2.69M | ﹤0.01% |
145,962
+30,957
| +27% | +$418K |
|
2716
Pan American Silver
PAAS
$18.4B
| $2.68M | ﹤0.01% |
171,252
-672
| -0.4% | -$10.9K |
|
|
ITI
2717
DELISTED
Iteris, Inc.
ITI
| $2.68M | ﹤0.01% |
467,360
+92,976
| +25% | +$506K |
|
2718
DHI Group
DHX
$175M
| $2.68M | ﹤0.01% |
695,411
+88,525
| +15% | +$329K |
|
2719
AMES National
ATLO
$274M
| $2.67M | ﹤0.01% |
93,303
+8,997
| +11% | +$244K |
|
2720
Banco Macro
BMA
$5.93B
| $2.67M | ﹤0.01% |
103,239
-1,526
| -1% | -$71.2K |
|
|
ALBO
2721
DELISTED
Albireo Pharma Inc
ALBO
| $2.67M | ﹤0.01% |
133,398
+6,719
| +5% | +$174K |
|
|
FRBK
2722
DELISTED
Republic First Bancorp Inc
FRBK
| $2.66M | ﹤0.01% |
633,908
+1,757
| +0.3% | +$7.64K |
|
2723
Bankwell Financial Group
BWFG
$538M
| $2.66M | ﹤0.01% |
96,778
+10,563
| +12% | +$288K |
|
2724
Tencent Music
TME
$15.6B
| $2.66M | ﹤0.01% |
209,467
+23,650
| +13% | +$333K |
|
2725
Inovio Pharmaceuticals
INO
$57.3M
| $2.65M | ﹤0.01% |
107,724
+7,761
| +8% | +$236K |
|
Similar funds
Geode Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Geode Capital Management held 4,325 positions worth $428B, up 3.7% from $413B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management's Q3 2019 filing shows 111 new, 2,727 increased, 803 reduced and 130 closed positions. Its largest new stake was Blackstone: 4,810,067 shares worth $235M. The largest sale was Red Hat Inc, an estimated $576M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2019 buy was Blackstone: 4,810,067 shares worth $235M.
- Geode Capital Management added most to Fidelity National Information Services in Q3 2019, an estimated $551M increase.
- Geode Capital Management's biggest Q3 2019 reduction was McDonald's, cutting an estimated $130M.
- Geode Capital Management fully exited Red Hat Inc in Q3 2019, selling an estimated $576M.
- Geode Capital Management's ten largest holdings make up 18% of its $428B portfolio in Q3 2019.
- Geode Capital Management opened 111 new positions and closed 130 in Q3 2019.
- Geode Capital Management's portfolio value rose 3.7% quarter-over-quarter to $428B.
Based on Geode Capital Management's 13F filing for Q3 2019, filed 12 Nov 2019.