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 | |
|---|---|---|---|---|---|---|
451
Vistra
VST
$50B
| $152M | 0.04% |
5,690,429
+1,183,746
| +26% | +$28.2M |
|
452
Paycom
PAYC
$7.64B
| $152M | 0.04% |
723,081
+32,648
| +5% | +$7.63M |
|
|
CMA
453
DELISTED
Comerica
CMA
| $151M | 0.04% |
2,287,796
-82,105
| -3% | -$5.43M |
|
|
TIF
454
DELISTED
Tiffany & Co.
TIF
| $151M | 0.04% |
1,629,359
+62,137
| +4% | +$5.61M |
|
455
Raymond James Financial
RJF
$33.8B
| $150M | 0.04% |
2,732,894
-30,943
| -1% | -$1.68M |
|
|
WRK
456
DELISTED
WestRock Company
WRK
| $150M | 0.04% |
4,115,944
+131,706
| +3% | +$4.7M |
|
|
AMTD
457
DELISTED
TD Ameritrade Holding Corp
AMTD
| $150M | 0.03% |
3,204,995
+76,183
| +2% | +$3.65M |
|
|
DISH
458
DELISTED
DISH Network Corp.
DISH
| $149M | 0.03% |
4,389,271
+601,589
| +16% | +$21.5M |
|
459
Allegion
ALLE
$13.4B
| $149M | 0.03% |
1,439,111
+50,398
| +4% | +$5.14M |
|
460
Royal Bank of Canada
RY
$291B
| $147M | 0.03% |
1,802,824
+1,781,694
| +8,432% | +$139M |
|
461
JB Hunt Transport Services
JBHT
$25.5B
| $146M | 0.03% |
1,319,200
+23,078
| +2% | +$2.38M |
|
462
Western Union
WU
$1.98B
| $145M | 0.03% |
6,281,904
+155,577
| +3% | +$3.36M |
|
463
Iron Mountain
IRM
$36.4B
| $145M | 0.03% |
4,478,921
+122,025
| +3% | +$3.83M |
|
464
United Rentals
URI
$67.2B
| $145M | 0.03% |
1,162,437
+17,349
| +2% | +$2.1M |
|
465
Henry Schein
HSIC
$9.77B
| $145M | 0.03% |
2,281,250
+51,589
| +2% | +$3.33M |
|
466
UGI
UGI
$7.74B
| $144M | 0.03% |
2,872,263
+470,865
| +20% | +$23.5M |
|
467
Factset
FDS
$9.36B
| $144M | 0.03% |
593,153
+11,542
| +2% | +$3.2M |
|
468
Revvity
RVTY
$12.6B
| $144M | 0.03% |
1,689,428
+44,951
| +3% | +$3.93M |
|
469
Avery Dennison
AVY
$13B
| $143M | 0.03% |
1,263,928
+30,786
| +2% | +$3.51M |
|
470
APA Corp
APA
$13.2B
| $142M | 0.03% |
5,564,287
+198,083
| +4% | +$4.75M |
|
471
TransUnion
TRU
$15.1B
| $142M | 0.03% |
1,751,517
+33,190
| +2% | +$2.67M |
|
472
Fidelity National Financial
FNF
$13.9B
| $142M | 0.03% |
3,320,367
+196,323
| +6% | +$8.17M |
|
473
Cheniere Energy
LNG
$55.2B
| $141M | 0.03% |
2,242,509
+49,120
| +2% | +$3.15M |
|
474
BorgWarner
BWA
$13.1B
| $140M | 0.03% |
4,352,544
+459,824
| +12% | +$14.8M |
|
475
Robert Half
RHI
$3.87B
| $140M | 0.03% |
2,514,388
+109,537
| +5% | +$6.18M |
|
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.