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 | |
|---|---|---|---|---|---|---|
|
EQC
751
DELISTED
Equity Commonwealth
EQC
| $65.2M | 0.02% |
1,905,069
+12,602
| +0.7% | +$423K |
|
752
Insperity
NSP
$1.93B
| $65.1M | 0.02% |
659,975
-75,428
| -10% | -$8.19M |
|
753
Sabra Healthcare REIT
SBRA
$5.34B
| $65.1M | 0.02% |
2,790,221
+177,903
| +7% | +$3.79M |
|
754
Radian Group
RDN
$5.18B
| $64.7M | 0.02% |
2,834,086
-137,700
| -5% | -$3.18M |
|
|
MFA
755
MFA Financial
MFA
$926M
| $64.7M | 0.02% |
2,175,603
-22,287
| -1% | -$649K |
|
|
STAY
756
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $64.5M | 0.02% |
4,405,117
+1,048,895
| +31% | +$16M |
|
|
IAA
757
DELISTED
IAA, Inc. Common Stock
IAA
| $64.5M | 0.02% |
1,544,698
-112,196
| -7% | -$5.05M |
|
758
Axalta
AXTA
$7.66B
| $64.4M | 0.02% |
2,137,944
-58,170
| -3% | -$1.72M |
|
759
First Financial Bankshares
FFIN
$5.04B
| $64.2M | 0.02% |
1,925,074
+42,054
| +2% | +$1.32M |
|
760
Healthcare Realty
HR
$7.28B
| $63.8M | 0.01% |
2,172,827
+20,034
| +0.9% | +$560K |
|
761
Ziff Davis
ZD
$1.96B
| $63.7M | 0.01% |
806,543
+7,745
| +1% | +$587K |
|
762
Erie Indemnity
ERIE
$12.7B
| $63.6M | 0.01% |
342,975
-7,620
| -2% | -$1.73M |
|
763
ONE Gas
OGS
$4.87B
| $63.4M | 0.01% |
659,596
+9,194
| +1% | +$839K |
|
764
Landstar System
LSTR
$5.93B
| $63.4M | 0.01% |
563,033
+85,622
| +18% | +$9.43M |
|
765
Acuity Brands
AYI
$9.83B
| $63.2M | 0.01% |
469,570
-7,505
| -2% | -$978K |
|
766
Lincoln Electric
LECO
$14.2B
| $63.2M | 0.01% |
728,772
-2,344
| -0.3% | -$197K |
|
|
ALE
767
DELISTED
Allete
ALE
| $63.1M | 0.01% |
722,386
-23,164
| -3% | -$1.99M |
|
768
TC Energy
TRP
$70.2B
| $62.9M | 0.01% |
1,198,135
+162,779
| +16% | +$8.13M |
|
769
HealthEquity
HQY
$8.41B
| $62.9M | 0.01% |
1,100,046
+178,963
| +19% | +$11.9M |
|
770
Bruker
BRKR
$9.57B
| $62.7M | 0.01% |
1,427,780
-11,691
| -0.8% | -$524K |
|
771
Sonoco
SON
$5.57B
| $62.7M | 0.01% |
1,076,396
+27,778
| +3% | +$1.65M |
|
772
CACI
CACI
$11B
| $62.6M | 0.01% |
270,582
-13,101
| -5% | -$2.83M |
|
773
JetBlue
JBLU
$2.28B
| $62.5M | 0.01% |
3,733,380
-106,699
| -3% | -$1.94M |
|
|
FLG
774
Flagstar Bank National Association
FLG
$5.93B
| $62.3M | 0.01% |
1,653,746
+26,370
| +2% | +$909K |
|
|
MDSO
775
DELISTED
Medidata Solutions, Inc.
MDSO
| $62.3M | 0.01% |
680,361
-134
| -0% | -$12.2K |
|
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.