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 | |
|---|---|---|---|---|---|---|
776
Avnet
AVT
$7.29B
| $62.2M | 0.01% |
1,398,469
-91,318
| -6% | -$3.95M |
|
777
Sunstone Hotel Investors
SHO
$2.19B
| $61.4M | 0.01% |
4,470,665
+307,996
| +7% | +$4.13M |
|
778
Popular Inc
BPOP
$11.2B
| $61.4M | 0.01% |
1,134,800
+18,962
| +2% | +$1.03M |
|
779
Curtiss-Wright
CW
$26.7B
| $61.3M | 0.01% |
473,495
+19,013
| +4% | +$2.39M |
|
780
ITT
ITT
$17.5B
| $61.1M | 0.01% |
998,041
-361
| -0% | -$21.8K |
|
|
SNV
781
DELISTED
Synovus
SNV
| $60.7M | 0.01% |
1,698,686
-18,068
| -1% | -$648K |
|
|
WRI
782
DELISTED
Weingarten Realty Investors
WRI
| $60.7M | 0.01% |
2,084,750
+48,045
| +2% | +$1.33M |
|
783
Teladoc Health
TDOC
$1.22B
| $60.7M | 0.01% |
896,218
+18,494
| +2% | +$1.22M |
|
784
HubSpot
HUBS
$12.2B
| $60.7M | 0.01% |
400,247
-7,452
| -2% | -$1.34M |
|
785
Bank of Montreal
BMO
$126B
| $60.6M | 0.01% |
815,661
+111,920
| +16% | +$8.15M |
|
786
Cracker Barrel
CBRL
$1.26B
| $60.5M | 0.01% |
371,112
+6,703
| +2% | +$1.13M |
|
787
Planet Fitness
PLNT
$4.42B
| $60.4M | 0.01% |
1,043,492
+12,302
| +1% | +$867K |
|
|
VSM
788
DELISTED
Versum Materials, Inc.
VSM
| $60.3M | 0.01% |
1,139,167
-67,098
| -6% | -$3.49M |
|
789
Brookfield
BN
$104B
| $60.2M | 0.01% |
3,151,432
+3,113,222
| +8,148% | +$56.4M |
|
790
FTI Consulting
FCN
$4.4B
| $60.1M | 0.01% |
566,728
-20,055
| -3% | -$2.05M |
|
791
AXIS Capital
AXS
$7.68B
| $60.1M | 0.01% |
900,191
-15,832
| -2% | -$1,000K |
|
|
IBKC
792
DELISTED
IBERIABANK Corp
IBKC
| $60M | 0.01% |
794,755
+22,470
| +3% | +$1.66M |
|
793
Pebblebrook Hotel Trust
PEB
$2.15B
| $60M | 0.01% |
2,155,000
+68,933
| +3% | +$1.89M |
|
794
Exelixis
EXEL
$13.3B
| $59.7M | 0.01% |
3,376,108
+40,952
| +1% | +$829K |
|
795
Wolfspeed
WOLF
$1.23B
| $59.5M | 0.01% |
1,214,164
+39,934
| +3% | +$2.17M |
|
796
Black Hills Corp
BKH
$5.42B
| $59.5M | 0.01% |
775,031
+71,028
| +10% | +$5.53M |
|
797
Blackbaud
BLKB
$1.94B
| $59.5M | 0.01% |
658,273
+16,029
| +2% | +$1.43M |
|
|
AMED
798
DELISTED
Amedisys
AMED
| $59.3M | 0.01% |
452,342
+26,010
| +6% | +$3.39M |
|
799
Performance Food Group
PFGC
$18B
| $59.2M | 0.01% |
1,287,195
-28,074
| -2% | -$1.25M |
|
|
ZNGA
800
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $59.2M | 0.01% |
10,174,840
+925,205
| +10% | +$5.56M |
|
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.