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 | |
|---|---|---|---|---|---|---|
401
Equity Lifestyle Properties
ELS
$12.6B
| $188M | 0.04% |
2,805,680
+185,466
| +7% | +$12.1M |
|
402
Dentsply Sirona
XRAY
$2.68B
| $188M | 0.04% |
3,525,700
-397,979
| -10% | -$21.4M |
|
403
Seagate
STX
$194B
| $186M | 0.04% |
3,464,332
-87,368
| -2% | -$4.29M |
|
404
C.H. Robinson
CHRW
$17.4B
| $184M | 0.04% |
2,177,203
+67,062
| +3% | +$5.64M |
|
405
Federal Realty Investment Trust
FRT
$10.7B
| $184M | 0.04% |
1,355,546
-36,137
| -3% | -$4.76M |
|
406
Gartner
IT
$10.1B
| $184M | 0.04% |
1,285,896
+42,832
| +3% | +$6.23M |
|
407
Palo Alto Networks
PANW
$270B
| $183M | 0.04% |
5,393,568
+61,560
| +1% | +$2.18M |
|
408
Leidos
LDOS
$14.5B
| $182M | 0.04% |
2,127,694
+592,513
| +39% | +$49.7M |
|
409
Howmet Aerospace
HWM
$113B
| $181M | 0.04% |
9,112,859
+1,114,542
| +14% | +$22M |
|
410
Norwegian Cruise Line
NCLH
$8.51B
| $181M | 0.04% |
3,504,597
+341,534
| +11% | +$17.3M |
|
|
SPLK
411
DELISTED
Splunk Inc
SPLK
| $181M | 0.04% |
1,534,005
-3,580
| -0.2% | -$447K |
|
412
Fox Class A
FOXA
$24.5B
| $179M | 0.04% |
5,685,601
+363,083
| +7% | +$12.6M |
|
|
AIV
413
Aimco
AIV
$387M
| $178M | 0.04% |
25,598,863
+655,532
| +3% | +$4.44M |
|
414
Masco
MAS
$14.1B
| $178M | 0.04% |
4,265,888
+73,514
| +2% | +$2.95M |
|
415
Universal Health Services
UHS
$10.2B
| $177M | 0.04% |
1,194,693
+10,747
| +0.9% | +$1.54M |
|
416
Marvell Technology
MRVL
$168B
| $177M | 0.04% |
7,096,669
+672,019
| +10% | +$16.9M |
|
417
Pultegroup
PHM
$24.1B
| $175M | 0.04% |
4,800,217
+22,042
| +0.5% | +$733K |
|
418
Molson Coors Class B
TAP
$7.79B
| $174M | 0.04% |
3,038,025
+255,489
| +9% | +$13.9M |
|
419
Everest Group
EG
$14.5B
| $174M | 0.04% |
653,843
+10,884
| +2% | +$2.75M |
|
420
Advance Auto Parts
AAP
$3.35B
| $172M | 0.04% |
1,042,412
-75,494
| -7% | -$11.3M |
|
421
Kimco Realty
KIM
$17.2B
| $172M | 0.04% |
8,238,359
+236,776
| +3% | +$4.51M |
|
422
Pinnacle West Capital
PNW
$12.2B
| $169M | 0.04% |
1,747,823
-12,200
| -0.7% | -$1.15M |
|
|
PPLI
423
People Inc
PPLI
$3.09B
| $169M | 0.04% |
4,341,639
-349,836
| -7% | -$14.9M |
|
424
FMC
FMC
$1.34B
| $169M | 0.04% |
1,927,130
+46,542
| +2% | +$3.99M |
|
425
Tractor Supply
TSCO
$16.1B
| $168M | 0.04% |
9,304,360
+148,250
| +2% | +$3.07M |
|
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.