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 |
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 | 19.06% |
| 2 | Financials | 15.57% |
| 3 | Healthcare | 13.56% |
| 4 | Consumer Discretionary | 10.17% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
UnitedHealth
UNH
$360B
| $2.8B | 0.65% |
12,900,120
+371,087
| +3% | +$89.5M |
2013 Q2
25 quarters
|
|
27
Coca-Cola
KO
$401B
| $2.76B | 0.64% |
50,770,032
+1,650,765
| +3% | +$88.4M |
2013 Q2
25 quarters
|
|
28
PepsiCo
PEP
$179B
| $2.74B | 0.64% |
19,984,630
+509,469
| +3% | +$67.7M |
2013 Q2
25 quarters
|
|
29
Boeing
BA
$150B
| $2.66B | 0.62% |
6,991,926
+242,158
| +4% | +$86.6M |
2013 Q2
25 quarters
|
|
30
Walmart Inc
WMT
$939B
| $2.44B | 0.57% |
61,792,191
+2,539,842
| +4% | +$95.9M |
2013 Q2
25 quarters
|
|
31
McDonald's
MCD
$172B
| $2.37B | 0.55% |
11,066,826
-607,405
| -5% | -$130M |
2013 Q2
25 quarters
|
|
32
Citigroup
C
$210B
| $2.21B | 0.52% |
32,042,019
+330,258
| +1% | +$22.5M |
2013 Q2
25 quarters
|
|
33
Abbott
ABT
$181B
| $2.06B | 0.48% |
24,673,582
+544,880
| +2% | +$46.3M |
2013 Q2
25 quarters
|
|
34
Medtronic
MDT
$121B
| $2B | 0.47% |
18,461,367
+561,127
| +3% | +$58.5M |
2013 Q2
25 quarters
|
|
35
Accenture
ACN
$139B
| $1.99B | 0.47% |
10,374,886
+411,713
| +4% | +$79.7M |
2013 Q2
25 quarters
|
|
36
Texas Instruments
TXN
$257B
| $1.94B | 0.45% |
15,059,897
+442,324
| +3% | +$54.5M |
2013 Q2
25 quarters
|
|
37
Amgen
AMGN
$235B
| $1.92B | 0.45% |
9,925,633
+140,880
| +1% | +$27M |
2013 Q2
25 quarters
|
|
38
Philip Morris
PM
$318B
| $1.9B | 0.44% |
25,065,459
+1,093,186
| +5% | +$86.6M |
2013 Q2
25 quarters
|
|
39
Nike
NKE
$55.7B
| $1.89B | 0.44% |
20,109,373
+552,729
| +3% | +$47.4M |
2013 Q2
25 quarters
|
|
40
Oracle
ORCL
$394B
| $1.85B | 0.43% |
33,658,950
-1,699,743
| -5% | -$93.9M |
2013 Q2
25 quarters
|
|
41
Adobe
ADBE
$95.6B
| $1.84B | 0.43% |
6,669,892
+149,284
| +2% | +$43.6M |
2013 Q2
25 quarters
|
|
42
IBM
IBM
$219B
| $1.81B | 0.42% |
13,018,997
+281,019
| +2% | +$37.9M |
2013 Q2
25 quarters
|
|
43
AbbVie
ABBV
$502B
| $1.8B | 0.42% |
23,746,994
+1,524,799
| +7% | +$105M |
2013 Q2
25 quarters
|
|
44
Costco
COST
$438B
| $1.78B | 0.42% |
6,195,341
+226,095
| +4% | +$63.6M |
2013 Q2
25 quarters
|
|
45
Salesforce
CRM
$198B
| $1.71B | 0.4% |
11,535,505
+1,323,288
| +13% | +$201M |
2013 Q2
25 quarters
|
|
46
PayPal
PYPL
$49.2B
| $1.7B | 0.4% |
16,447,946
+544,085
| +3% | +$59.9M |
2015 Q3
16 quarters
|
|
47
Honeywell
HON
$67.3B
| $1.67B | 0.39% |
10,493,589
+253,551
| +2% | +$40.3M |
2013 Q2
25 quarters
|
|
48
Starbucks
SBUX
$111B
| $1.63B | 0.38% |
18,442,116
+326,335
| +2% | +$30.3M |
2013 Q2
25 quarters
|
|
49
NextEra Energy
NEE
$167B
| $1.59B | 0.37% |
27,394,588
+1,239,580
| +5% | +$67.1M |
2013 Q2
25 quarters
|
|
50
Netflix
NFLX
$295B
| $1.59B | 0.37% |
59,365,790
+1,543,040
| +3% | +$48.3M |
2013 Q2
25 quarters
|
|
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, 2,726 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 19% 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.