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 | |
|---|---|---|---|---|---|---|
301
Centene
CNC
$30.7B
| $269M | 0.06% |
6,232,021
+319,369
| +5% | +$15.6M |
|
302
Veeva Systems
VEEV
$33.1B
| $269M | 0.06% |
1,762,352
+73,076
| +4% | +$11.7M |
|
303
UDR
UDR
$12.3B
| $267M | 0.06% |
5,508,573
+328,257
| +6% | +$15.5M |
|
304
D.R. Horton
DHI
$40B
| $266M | 0.06% |
5,062,137
-24,247
| -0.5% | -$1.16M |
|
305
International Paper
IP
$21.6B
| $265M | 0.06% |
6,695,022
+184,050
| +3% | +$7.19M |
|
306
CBRE Group
CBRE
$42.5B
| $264M | 0.06% |
4,989,395
+461,286
| +10% | +$24.3M |
|
307
Kraft Heinz
KHC
$30.7B
| $264M | 0.06% |
9,462,030
-190,940
| -2% | -$5.49M |
|
308
Arthur J. Gallagher & Co
AJG
$64.1B
| $263M | 0.06% |
2,944,101
+229,226
| +8% | +$20.6M |
|
309
Regions Financial
RF
$26.4B
| $263M | 0.06% |
16,657,069
+226,845
| +1% | +$3.43M |
|
310
Alexandria Real Estate Equities
ARE
$8.97B
| $258M | 0.06% |
1,674,761
+60,122
| +4% | +$8.88M |
|
311
Copart
CPRT
$27B
| $254M | 0.06% |
12,682,560
+519,056
| +4% | +$10.1M |
|
312
Best Buy
BBY
$18.2B
| $253M | 0.06% |
3,671,738
+110,571
| +3% | +$7.71M |
|
313
Martin Marietta Materials
MLM
$31.5B
| $253M | 0.06% |
923,422
+42,723
| +5% | +$10.6M |
|
314
Host Hotels & Resorts
HST
$17.2B
| $251M | 0.06% |
14,505,598
+199,608
| +1% | +$3.41M |
|
315
Citizens Financial Group
CFG
$30.3B
| $248M | 0.06% |
7,029,742
+282,438
| +4% | +$9.86M |
|
316
Principal Financial Group
PFG
$24.3B
| $248M | 0.06% |
4,341,501
+158,643
| +4% | +$8.93M |
|
317
Workday
WDAY
$39.6B
| $247M | 0.06% |
1,457,292
-30,676
| -2% | -$5.92M |
|
|
FRC
318
DELISTED
First Republic Bank
FRC
| $247M | 0.06% |
2,562,357
+130,429
| +5% | +$12.4M |
|
319
Equifax
EFX
$20.3B
| $243M | 0.06% |
1,731,958
+59,589
| +4% | +$8.4M |
|
320
Halliburton
HAL
$26.9B
| $242M | 0.06% |
12,878,126
+452,841
| +4% | +$9.37M |
|
321
Nucor
NUE
$58.6B
| $242M | 0.06% |
4,767,196
+53,445
| +1% | +$2.79M |
|
322
CoStar Group
CSGP
$11.7B
| $242M | 0.06% |
4,085,150
+257,130
| +7% | +$15.4M |
|
323
Labcorp
LH
$25B
| $242M | 0.06% |
1,679,473
+43,987
| +3% | +$6.42M |
|
|
HOLX
324
DELISTED
Hologic
HOLX
| $240M | 0.06% |
4,760,586
+495,638
| +12% | +$24.4M |
|
325
MGM Resorts International
MGM
$11.4B
| $239M | 0.06% |
8,650,702
+1,391,412
| +19% | +$40M |
|
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.