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 | |
|---|---|---|---|---|---|---|
476
Qorvo
QRVO
$7.99B
| $139M | 0.03% |
1,875,877
+2,640
| +0.1% | +$192K |
|
477
HF Sinclair
DINO
$16.3B
| $139M | 0.03% |
2,592,204
+29,172
| +1% | +$1.41M |
|
|
VIAB
478
DELISTED
Viacom Inc. Class B
VIAB
| $139M | 0.03% |
5,775,898
-442,898
| -7% | -$12.4M |
|
479
Teledyne Technologies
TDY
$30.4B
| $137M | 0.03% |
426,242
+7,249
| +2% | +$2.16M |
|
480
Annaly Capital Management
NLY
$17.1B
| $137M | 0.03% |
3,887,630
-197,214
| -5% | -$7.11M |
|
481
Steris
STE
$22.3B
| $136M | 0.03% |
944,291
+39,360
| +4% | +$5.88M |
|
482
Toronto Dominion Bank
TD
$198B
| $136M | 0.03% |
2,308,657
+2,276,930
| +7,177% | +$129M |
|
483
Zebra Technologies
ZBRA
$14B
| $136M | 0.03% |
657,229
+2,983
| +0.5% | +$603K |
|
484
Twilio
TWLO
$30B
| $133M | 0.03% |
1,211,781
+21,992
| +2% | +$2.85M |
|
|
IPG
485
DELISTED
Interpublic Group of Companies
IPG
| $133M | 0.03% |
6,173,161
+323,143
| +6% | +$6.98M |
|
486
Burlington
BURL
$23.2B
| $132M | 0.03% |
661,954
-12,850
| -2% | -$2.36M |
|
|
DISCK
487
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $132M | 0.03% |
5,355,812
+28,643
| +0.5% | +$774K |
|
488
Huntington Ingalls Industries
HII
$12.9B
| $132M | 0.03% |
622,071
+14,089
| +2% | +$3.07M |
|
489
Zions Bancorporation
ZION
$10.2B
| $131M | 0.03% |
2,944,204
+84,968
| +3% | +$3.67M |
|
|
VMW
490
DELISTED
VMware, Inc
VMW
| $130M | 0.03% |
866,870
+11,918
| +1% | +$1.88M |
|
491
US Foods
USFD
$22.2B
| $130M | 0.03% |
3,152,430
+639,681
| +25% | +$24.7M |
|
492
W.R. Berkley
WRB
$26.9B
| $130M | 0.03% |
4,029,536
+193,977
| +5% | +$6.06M |
|
493
SL Green Realty
SLG
$3.76B
| $129M | 0.03% |
1,632,412
+161
| +0% | +$12.5K |
|
494
OGE Energy
OGE
$9.78B
| $129M | 0.03% |
2,843,561
-2,917
| -0.1% | -$126K |
|
495
Invesco
IVZ
$13.1B
| $128M | 0.03% |
7,560,375
+21,375
| +0.3% | +$377K |
|
496
Kohl's
KSS
$2.17B
| $128M | 0.03% |
2,575,543
+14,087
| +0.5% | +$691K |
|
497
SEI Investments
SEIC
$12.4B
| $126M | 0.03% |
2,124,636
+33,085
| +2% | +$1.91M |
|
498
TechnipFMC
FTI
$28.1B
| $126M | 0.03% |
7,022,669
-70,096
| -1% | -$1.31M |
|
|
EXAS
499
DELISTED
Exact Sciences
EXAS
| $125M | 0.03% |
1,385,064
+35,143
| +3% | +$4M |
|
500
Alaska Air
ALK
$5.29B
| $125M | 0.03% |
1,921,538
+60,870
| +3% | +$3.84M |
|
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.