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 | |
|---|---|---|---|---|---|---|
|
XEC
676
DELISTED
CIMAREX ENERGY CO
XEC
| $77.3M | 0.02% |
1,614,525
+58,192
| +4% | +$2.75M |
|
677
HEICO Corp
HEI
$49.8B
| $77M | 0.02% |
616,791
+72,898
| +13% | +$9.97M |
|
678
Jones Lang LaSalle
JLL
$16.3B
| $76.9M | 0.02% |
553,563
+70,235
| +15% | +$9.73M |
|
679
Bio-Rad Laboratories Class A
BIO
$8.71B
| $76.7M | 0.02% |
230,646
+14,664
| +7% | +$4.78M |
|
680
Five Below
FIVE
$12B
| $76.6M | 0.02% |
607,424
+2,802
| +0.5% | +$340K |
|
|
PFPT
681
DELISTED
Proofpoint, Inc.
PFPT
| $76.5M | 0.02% |
592,991
+7,009
| +1% | +$858K |
|
|
DNKN
682
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $76.5M | 0.02% |
963,369
+20,451
| +2% | +$1.66M |
|
683
Owens Corning
OC
$11.2B
| $76.3M | 0.02% |
1,207,447
+12,320
| +1% | +$705K |
|
684
Monolithic Power Systems
MPWR
$70.1B
| $75.9M | 0.02% |
487,416
+20,560
| +4% | +$3.07M |
|
685
Silicon Laboratories
SLAB
$7.17B
| $75.7M | 0.02% |
679,402
+59,349
| +10% | +$6.43M |
|
|
NATI
686
DELISTED
National Instruments Corp
NATI
| $75.4M | 0.02% |
1,796,134
+157,302
| +10% | +$6.75M |
|
|
HDS
687
DELISTED
HD Supply Holdings, Inc.
HDS
| $75.1M | 0.02% |
1,919,309
+12,179
| +0.6% | +$478K |
|
|
CZR
688
DELISTED
Caesars Entertainment Corporation
CZR
| $75.1M | 0.02% |
6,441,663
+100,514
| +2% | +$1.18M |
|
689
Post Holdings
POST
$4.14B
| $75.1M | 0.02% |
1,084,070
+31,684
| +3% | +$2.16M |
|
|
SVC
690
Service Properties Trust
SVC
$1.04B
| $74.7M | 0.02% |
579,669
-483
| -0.1% | -$59.8K |
|
691
Commerce Bancshares
CBSH
$8.53B
| $74.5M | 0.02% |
1,728,254
+53,585
| +3% | +$2.23M |
|
692
Bath & Body Works
BBWI
$4.06B
| $74.5M | 0.02% |
4,686,073
+109,058
| +2% | +$1.92M |
|
693
Deckers Outdoor
DECK
$13.2B
| $74.3M | 0.02% |
3,027,000
+76,674
| +3% | +$1.96M |
|
694
Encompass Health
EHC
$11B
| $74.3M | 0.02% |
1,474,945
+27,805
| +2% | +$1.4M |
|
|
CTLT
695
DELISTED
CATALENT, INC.
CTLT
| $74.1M | 0.02% |
1,555,412
+27,027
| +2% | +$1.45M |
|
696
Dell
DELL
$262B
| $73.5M | 0.02% |
2,799,034
-252,708
| -8% | -$6.7M |
|
697
Toll Brothers
TOL
$13.6B
| $73.5M | 0.02% |
1,790,375
+120,030
| +7% | +$4.43M |
|
698
Lear
LEA
$6.54B
| $73.4M | 0.02% |
623,178
-41,785
| -6% | -$5.08M |
|
699
Donaldson
DCI
$10.9B
| $73.4M | 0.02% |
1,408,617
+19,604
| +1% | +$970K |
|
|
HPP
700
Hudson Pacific Properties
HPP
$747M
| $73.3M | 0.02% |
312,741
+4,791
| +2% | +$1.14M |
|
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.