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 |
Dow Inc
DOW
|
+$511M |
| 2 |
Alphabet (Google) Class A
GOOGL
|
+$442M |
| 3 |
Microsoft
MSFT
|
+$392M |
| 4 |
Amazon
AMZN
|
+$348M |
| 5 |
Corteva
CTVA
|
+$288M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$419M |
| 2 |
Cisco
CSCO
|
+$141M |
| 3 |
Altria Group
MO
|
+$135M |
| 4 |
TJX Companies
TJX
|
+$114M |
| 5 |
ULTI
Ultimate Software Group Inc
ULTI
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.3% |
| 2 | Financials | 15.46% |
| 3 | Healthcare | 13.81% |
| 4 | Consumer Discretionary | 10.38% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
401
C.H. Robinson
CHRW
$20.5B
| $178M | 0.04% |
2,110,141
+102,881
| +5% | +$8.65M |
|
402
Nasdaq
NDAQ
$53.4B
| $177M | 0.04% |
5,517,411
+237,522
| +4% | +$7.28M |
|
403
Textron
TXT
$14.9B
| $176M | 0.04% |
3,332,334
+112,865
| +4% | +$5.72M |
|
404
Wynn Resorts
WYNN
$10.3B
| $175M | 0.04% |
1,410,666
+51,957
| +4% | +$6.68M |
|
405
W.W. Grainger
GWW
$64.2B
| $174M | 0.04% |
650,244
-19,158
| -3% | -$5.38M |
|
406
Eastman Chemical
EMN
$7.69B
| $174M | 0.04% |
2,234,623
-103,377
| -4% | -$7.85M |
|
407
Advance Auto Parts
AAP
$3.53B
| $172M | 0.04% |
1,117,906
-14,957
| -1% | -$2.43M |
|
|
CMA
408
DELISTED
Comerica
CMA
| $172M | 0.04% |
2,369,901
+78,873
| +3% | +$5.86M |
|
|
ABMD
409
DELISTED
Abiomed Inc
ABMD
| $171M | 0.04% |
657,679
+28,434
| +5% | +$7.54M |
|
410
Hormel Foods
HRL
$14.2B
| $171M | 0.04% |
4,218,699
+162,408
| +4% | +$6.59M |
|
411
CDW
CDW
$18.9B
| $170M | 0.04% |
1,536,552
-160,018
| -9% | -$16.8M |
|
412
CF Industries
CF
$19.6B
| $170M | 0.04% |
3,653,371
-257,533
| -7% | -$11.2M |
|
413
AES
AES
$10.6B
| $170M | 0.04% |
10,160,344
+364,071
| +4% | +$6.17M |
|
414
Cboe Global Markets
CBOE
$32.2B
| $170M | 0.04% |
1,642,662
+41,063
| +3% | +$4.26M |
|
415
Norwegian Cruise Line
NCLH
$9.53B
| $169M | 0.04% |
3,163,063
+29,326
| +0.9% | +$1.63M |
|
416
Brown-Forman Class B
BF.B
$13.5B
| $169M | 0.04% |
3,056,224
-31,139
| -1% | -$1.66M |
|
417
DexCom
DXCM
$29B
| $168M | 0.04% |
4,488,060
+61,592
| +1% | +$1.94M |
|
418
Viatris
VTRS
$20.8B
| $168M | 0.04% |
8,814,027
+549,334
| +7% | +$12.1M |
|
419
Arch Capital
ACGL
$36.5B
| $167M | 0.04% |
4,511,720
+277,486
| +7% | +$9.46M |
|
420
Seagate
STX
$173B
| $167M | 0.04% |
3,551,700
-37,081
| -1% | -$1.73M |
|
421
Factset
FDS
$10B
| $167M | 0.04% |
581,611
+47,423
| +9% | +$13.1M |
|
|
AIV
422
Aimco
AIV
$377M
| $166M | 0.04% |
24,943,331
+2,962,162
| +13% | +$19.8M |
|
423
Jack Henry & Associates
JKHY
$11.4B
| $166M | 0.04% |
1,243,645
+46,484
| +4% | +$6.43M |
|
|
ETFC
424
DELISTED
E*Trade Financial Corporation
ETFC
| $166M | 0.04% |
3,722,934
+172,622
| +5% | +$8.25M |
|
425
Pinnacle West Capital
PNW
$12.4B
| $165M | 0.04% |
1,760,023
+96,514
| +6% | +$9.2M |
|
Similar funds
Geode Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Geode Capital Management held 4,308 positions worth $413B, up 7.1% from $386B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management deployed $13.5B of net new capital in Q2 2019, opening 177 new positions and adding to 3,043 existing holdings. Its largest new stake was Dow Inc: 9,682,103 shares worth $477M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 18% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $419M trimmed.
- Geode Capital Management's largest Q2 2019 buy was Dow Inc: 9,682,103 shares worth $477M.
- Geode Capital Management added most to Alphabet (Google) Class A in Q2 2019, an estimated $442M increase.
- Geode Capital Management's biggest Q2 2019 reduction was DuPont de Nemours, cutting an estimated $419M.
- Geode Capital Management fully exited Ultimate Software Group Inc in Q2 2019, selling an estimated $109M.
- Geode Capital Management's ten largest holdings make up 17% of its $413B portfolio in Q2 2019.
- Geode Capital Management opened 177 new positions and closed 101 in Q2 2019.
- Geode Capital Management's portfolio value rose 7.1% quarter-over-quarter to $413B.
Based on Geode Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.