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 | |
|---|---|---|---|---|---|---|
|
RMT
3026
Royce Micro-Cap Trust
RMT
$736M
| $1.51M | ﹤0.01% |
187,491
-173,579
| -48% | -$1.4M |
|
3027
Smith & Nephew
SNN
$13.7B
| $1.51M | ﹤0.01% |
31,323
+4,758
| +18% | +$219K |
|
3028
Loop Industries
LOOP
$36.1M
| $1.5M | ﹤0.01% |
117,458
+3,980
| +4% | +$54.2K |
|
3029
Senseonics Holdings Inc
SENS
$276M
| $1.5M | ﹤0.01% |
76,175
+14,180
| +23% | +$344K |
|
3030
RELX
RELX
$63B
| $1.5M | ﹤0.01% |
63,414
+8,693
| +16% | +$207K |
|
3031
Tower Semiconductor
TSEM
$24.4B
| $1.5M | ﹤0.01% |
78,039
-6,619
| -8% | -$124K |
|
|
GCAP
3032
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $1.5M | ﹤0.01% |
283,262
+954
| +0.3% | +$4.46K |
|
3033
UBS Group
UBS
$173B
| $1.49M | ﹤0.01% |
132,054
+93,521
| +243% | +$1.05M |
|
3034
Canadian Solar
CSIQ
$1.07B
| $1.47M | ﹤0.01% |
78,051
+8,396
| +12% | +$183K |
|
|
ARA
3035
DELISTED
American Renal Associates Holdings, Inc
ARA
| $1.47M | ﹤0.01% |
231,969
-5,188
| -2% | -$38.7K |
|
3036
uniQure
QURE
$3.04B
| $1.46M | ﹤0.01% |
37,211
-368
| -1% | -$21.2K |
|
3037
Transportadora de Gas del Sur
TGS
$4.7B
| $1.46M | ﹤0.01% |
179,815
+3,064
| +2% | +$33.9K |
|
3038
Radware
RDWR
$1.13B
| $1.46M | ﹤0.01% |
60,109
+3,297
| +6% | +$82.4K |
|
3039
X4 Pharmaceuticals
XFOR
$382M
| $1.46M | ﹤0.01% |
3,818
+15
| +0.4% | +$5.94K |
|
3040
Tenaris
TS
$28.4B
| $1.45M | ﹤0.01% |
68,703
+55,633
| +426% | +$1.3M |
|
|
RNET
3041
DELISTED
RigNet, Inc.
RNET
| $1.45M | ﹤0.01% |
187,568
+286
| +0.2% | +$2.41K |
|
3042
Alliance Resource Partners
ARLP
$3.32B
| $1.45M | ﹤0.01% |
90,461
-30,665
| -25% | -$501K |
|
|
ASXC
3043
DELISTED
Asensus Surgical, Inc.
ASXC
| $1.45M | ﹤0.01% |
179,654
+2,578
| +1% | +$35.1K |
|
|
CNCE
3044
DELISTED
Concert Pharmaceuticals, Inc.
CNCE
| $1.45M | ﹤0.01% |
245,764
+397
| +0.2% | +$4.21K |
|
|
WBK
3045
DELISTED
Westpac Banking Corporation
WBK
| $1.44M | ﹤0.01% |
72,204
+14,923
| +26% | +$292K |
|
|
MTEM
3046
DELISTED
Molecular Templates, Inc.
MTEM
| $1.44M | ﹤0.01% |
14,589
+259
| +2% | +$24.2K |
|
3047
Medallion Financial
MFIN
$235M
| $1.44M | ﹤0.01% |
224,717
+124,270
| +124% | +$671K |
|
|
TESS
3048
DELISTED
Tessco Technologies Inc
TESS
| $1.44M | ﹤0.01% |
100,085
+19,917
| +25% | +$310K |
|
3049
EyePoint Inc
EYPT
$1.05B
| $1.43M | ﹤0.01% |
79,098
+3,600
| +5% | +$55.8K |
|
|
TGH
3050
DELISTED
Textainer Group Holdings limited
TGH
| $1.43M | ﹤0.01% |
144,346
+6,904
| +5% | +$63.7K |
|
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.