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 | |
|---|---|---|---|---|---|---|
551
Kilroy Realty
KRC
$4.52B
| $106M | 0.02% |
1,361,501
-68,919
| -5% | -$5.34M |
|
552
Insulet
PODD
$11.5B
| $106M | 0.02% |
642,834
+5,224
| +0.8% | +$734K |
|
553
Old Republic International
ORI
$10.5B
| $105M | 0.02% |
4,443,466
+173,090
| +4% | +$3.95M |
|
554
Tyler Technologies
TYL
$12.7B
| $104M | 0.02% |
397,119
+9,311
| +2% | +$2.28M |
|
555
Douglas Emmett
DEI
$1.98B
| $104M | 0.02% |
2,423,742
+124,991
| +5% | +$5.17M |
|
556
Essential Utilities
WTRG
$11.3B
| $103M | 0.02% |
2,300,117
+30,893
| +1% | +$1.33M |
|
|
MPT
557
Medical Properties Trust
MPT
$2.77B
| $103M | 0.02% |
5,269,406
+639,540
| +14% | +$11.7M |
|
558
Pentair
PNR
$10.4B
| $102M | 0.02% |
2,712,649
+132,177
| +5% | +$4.91M |
|
559
Roku
ROKU
$21.5B
| $102M | 0.02% |
1,001,073
-49,074
| -5% | -$6M |
|
|
ACC
560
DELISTED
American Campus Communities, Inc.
ACC
| $101M | 0.02% |
2,110,526
+35,362
| +2% | +$1.67M |
|
|
STOR
561
DELISTED
STORE Capital Corporation
STOR
| $101M | 0.02% |
2,706,807
+113,173
| +4% | +$4.05M |
|
562
Jazz Pharmaceuticals
JAZZ
$15.9B
| $101M | 0.02% |
788,822
+1,878
| +0.2% | +$252K |
|
|
CONE
563
DELISTED
CyrusOne Inc Common Stock
CONE
| $101M | 0.02% |
1,271,512
+12,616
| +1% | +$842K |
|
564
ON Semiconductor
ON
$31.8B
| $100M | 0.02% |
5,229,052
+153,112
| +3% | +$2.94M |
|
565
PVH
PVH
$4B
| $100M | 0.02% |
1,136,588
-1,713
| -0.2% | -$143K |
|
566
Cognex
CGNX
$10.9B
| $99.9M | 0.02% |
2,034,880
+17,698
| +0.9% | +$798K |
|
567
CubeSmart
CUBE
$9.39B
| $99.9M | 0.02% |
2,861,752
+98,634
| +4% | +$3.44M |
|
|
CY
568
DELISTED
Cypress Semiconductor
CY
| $99.6M | 0.02% |
4,265,643
+100,180
| +2% | +$2.29M |
|
569
Portland General Electric
POR
$5.8B
| $99.5M | 0.02% |
1,765,452
+146,885
| +9% | +$8.18M |
|
|
PBCT
570
DELISTED
People's United Financial Inc
PBCT
| $99.4M | 0.02% |
6,368,193
-4,857
| -0.1% | -$76K |
|
|
SEE
571
DELISTED
Sealed Air
SEE
| $99.3M | 0.02% |
2,396,111
+53,947
| +2% | +$2.28M |
|
572
American Financial Group
AFG
$11.8B
| $99.1M | 0.02% |
919,557
+53,820
| +6% | +$5.57M |
|
573
Emcor
EME
$35.2B
| $99M | 0.02% |
1,149,425
+141,964
| +14% | +$12.1M |
|
574
Ralph Lauren
RL
$22.6B
| $98.9M | 0.02% |
1,037,060
-85,024
| -8% | -$8.41M |
|
575
Vail Resorts
MTN
$5.32B
| $98.5M | 0.02% |
433,121
+6,634
| +2% | +$1.57M |
|
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.