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 | |
|---|---|---|---|---|---|---|
801
Lazard
LAZ
$4.13B
| $59M | 0.01% |
1,684,405
+19,629
| +1% | +$695K |
|
|
SRC
802
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $58.7M | 0.01% |
1,226,538
-387,919
| -24% | -$17.8M |
|
803
Spire
SR
$4.72B
| $58.6M | 0.01% |
672,076
+15,118
| +2% | +$1.27M |
|
804
Saic
SAIC
$4.95B
| $58.5M | 0.01% |
670,215
-20,185
| -3% | -$1.72M |
|
|
TXNM
805
TXNM Energy Inc
TXNM
$6.41B
| $58.4M | 0.01% |
1,122,304
-72,486
| -6% | -$3.66M |
|
806
Mercury Systems
MRCY
$5.83B
| $58.4M | 0.01% |
719,889
+7,935
| +1% | +$627K |
|
807
Churchill Downs
CHDN
$5.88B
| $58.3M | 0.01% |
943,670
-7,170
| -0.8% | -$433K |
|
808
Unifirst Corp
UNF
$5.3B
| $58.1M | 0.01% |
297,967
+60,970
| +26% | +$11.8M |
|
809
Jabil
JBL
$33B
| $58.1M | 0.01% |
1,623,838
+54,823
| +3% | +$1.65M |
|
810
NetEase
NTES
$85.3B
| $57.6M | 0.01% |
1,087,115
-109,920
| -9% | -$5.59M |
|
811
MKS Inc
MKSI
$20.1B
| $57.6M | 0.01% |
624,070
-13,044
| -2% | -$1.08M |
|
812
Keurig Dr Pepper
KDP
$42.3B
| $57.5M | 0.01% |
2,104,378
+603,007
| +40% | +$16.8M |
|
|
GAP
813
The Gap Inc
GAP
$7.23B
| $57.2M | 0.01% |
3,302,951
+138,375
| +4% | +$2.46M |
|
814
First Horizon
FHN
$12.2B
| $57.2M | 0.01% |
3,530,755
+75,479
| +2% | +$1.19M |
|
|
AAN.A
815
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $57.1M | 0.01% |
888,378
-63,735
| -7% | -$4.1M |
|
816
Sarepta Therapeutics
SRPT
$1.57B
| $57.1M | 0.01% |
758,130
+15,879
| +2% | +$1.88M |
|
817
Helen of Troy
HELE
$644M
| $56.9M | 0.01% |
361,162
+1,879
| +0.5% | +$279K |
|
|
BLUE
818
DELISTED
bluebird bio
BLUE
| $56.8M | 0.01% |
47,768
+195
| +0.4% | +$298K |
|
819
Cirrus Logic
CRUS
$6.53B
| $56.5M | 0.01% |
1,055,050
+176,710
| +20% | +$9.03M |
|
820
Howard Hughes
HHH
$3.81B
| $56.4M | 0.01% |
456,675
+32,223
| +8% | +$3.98M |
|
821
Williams-Sonoma
WSM
$26.9B
| $56.3M | 0.01% |
1,657,504
-132,002
| -7% | -$4.37M |
|
|
BERY
822
DELISTED
Berry Global Group, Inc.
BERY
| $56.2M | 0.01% |
1,558,523
+101,629
| +7% | +$4.15M |
|
|
HZNP
823
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $56M | 0.01% |
2,057,169
-18,545
| -0.9% | -$480K |
|
824
Exponent
EXPO
$3.24B
| $55.8M | 0.01% |
797,608
+76,938
| +11% | +$5.19M |
|
|
JWN
825
DELISTED
Nordstrom
JWN
| $55.7M | 0.01% |
1,656,582
+70,385
| +4% | +$2.15M |
|
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.