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 | |
|---|---|---|---|---|---|---|
|
PARA
376
DELISTED
Paramount Global Class B
PARA
| $199M | 0.05% |
4,943,388
+38,025
| +0.8% | +$1.78M |
|
377
Cboe Global Markets
CBOE
$32.5B
| $199M | 0.05% |
1,730,330
+87,668
| +5% | +$10.1M |
|
378
Sun Communities
SUI
$15.2B
| $198M | 0.05% |
1,335,739
+74,753
| +6% | +$10.6M |
|
|
XYZ
379
Block Inc
XYZ
$48.4B
| $198M | 0.05% |
3,198,741
+170,512
| +6% | +$11.6M |
|
380
Amcor
AMCR
$20.8B
| $198M | 0.05% |
4,061,407
+51,956
| +1% | +$2.68M |
|
381
Fortinet
FTNT
$119B
| $196M | 0.05% |
12,781,775
-94,925
| -0.7% | -$1.54M |
|
382
Cencora
COR
$60.6B
| $196M | 0.05% |
2,382,093
+140,321
| +6% | +$12.1M |
|
383
Invitation Homes
INVH
$17.7B
| $195M | 0.05% |
6,576,729
+1,163,311
| +21% | +$32.7M |
|
384
Arista Networks
ANET
$227B
| $194M | 0.05% |
13,035,552
+739,888
| +6% | +$11.5M |
|
385
Vornado Realty Trust
VNO
$7.41B
| $194M | 0.05% |
3,049,388
-79,806
| -3% | -$5.02M |
|
386
J.M. Smucker
SJM
$12.7B
| $194M | 0.05% |
1,765,085
+5,388
| +0.3% | +$601K |
|
|
SIVB
387
DELISTED
SVB Financial Group
SIVB
| $194M | 0.05% |
927,588
+23,572
| +3% | +$4.94M |
|
388
Viatris
VTRS
$20.4B
| $193M | 0.05% |
9,790,052
+976,025
| +11% | +$19.1M |
|
389
Lincoln National
LNC
$8.73B
| $193M | 0.05% |
3,202,152
+94,552
| +3% | +$5.65M |
|
390
International Flavors & Fragrances
IFF
$20.2B
| $193M | 0.05% |
1,574,400
+115,804
| +8% | +$14.8M |
|
391
IDEX
IEX
$17B
| $192M | 0.04% |
1,170,493
+350,642
| +43% | +$58.2M |
|
392
Hormel Foods
HRL
$13.8B
| $191M | 0.04% |
4,374,332
+155,633
| +4% | +$6.53M |
|
393
Eastman Chemical
EMN
$8B
| $190M | 0.04% |
2,582,736
+348,113
| +16% | +$25M |
|
394
Jacobs Solutions
J
$15.9B
| $190M | 0.04% |
2,516,915
+376,060
| +18% | +$26.9M |
|
395
Wabtec
WAB
$49.1B
| $190M | 0.04% |
2,649,596
+370,321
| +16% | +$26.3M |
|
|
WCG
396
DELISTED
Wellcare Health Plans, Inc.
WCG
| $189M | 0.04% |
730,663
+22,808
| +3% | +$6.29M |
|
397
CF Industries
CF
$19.2B
| $189M | 0.04% |
3,838,229
+184,858
| +5% | +$8.96M |
|
398
AES
AES
$10.5B
| $188M | 0.04% |
11,525,027
+1,364,683
| +13% | +$22M |
|
399
Nasdaq
NDAQ
$52.7B
| $188M | 0.04% |
5,681,760
+164,349
| +3% | +$5.46M |
|
400
Jack Henry & Associates
JKHY
$10.9B
| $188M | 0.04% |
1,288,312
+44,667
| +4% | +$6.33M |
|
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.