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 | |
|---|---|---|---|---|---|---|
826
Nexstar Media Group
NXST
$5.82B
| $55.7M | 0.01% |
542,413
+6,277
| +1% | +$635K |
|
|
ATH
827
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $55.6M | 0.01% |
1,323,249
-30,664
| -2% | -$1.26M |
|
828
Under Armour
UAA
$2.84B
| $55.6M | 0.01% |
2,790,945
+121,912
| +5% | +$2.69M |
|
829
Lumentum
LITE
$55.5B
| $55.4M | 0.01% |
1,033,438
+28,423
| +3% | +$1.6M |
|
830
Hawaiian Electric Industries
HE
$2.23B
| $55.3M | 0.01% |
1,212,822
+23,566
| +2% | +$1.05M |
|
|
AYX
831
DELISTED
Alteryx Inc
AYX
| $55M | 0.01% |
511,639
+16,967
| +3% | +$2.11M |
|
832
BWX Technologies
BWXT
$15.5B
| $54.9M | 0.01% |
959,975
+3,317
| +0.3% | +$185K |
|
833
Kemper
KMPR
$1.67B
| $54.9M | 0.01% |
704,467
+26,769
| +4% | +$2.14M |
|
834
Hancock Whitney
HWC
$6.2B
| $54.8M | 0.01% |
1,432,290
+156,461
| +12% | +$5.95M |
|
835
RLJ Lodging Trust
RLJ
$1.86B
| $54.1M | 0.01% |
3,183,642
-113,175
| -3% | -$1.92M |
|
836
Dropbox
DBX
$7.6B
| $54.1M | 0.01% |
2,681,523
+713,456
| +36% | +$15.2M |
|
837
Brighthouse Financial
BHF
$3.56B
| $53.7M | 0.01% |
1,328,554
-59,033
| -4% | -$2.2M |
|
838
Acadia Pharmaceuticals
ACAD
$4.43B
| $53.7M | 0.01% |
1,492,494
+4,662
| +0.3% | +$141K |
|
|
PE
839
DELISTED
PARSLEY ENERGY INC
PE
| $53.7M | 0.01% |
3,199,034
+264,981
| +9% | +$4.55M |
|
|
RP
840
DELISTED
RealPage, Inc.
RP
| $53.6M | 0.01% |
852,576
+46,651
| +6% | +$2.92M |
|
841
Cullen/Frost Bankers
CFR
$10.3B
| $53.3M | 0.01% |
602,119
-41,387
| -6% | -$3.67M |
|
|
CCMP
842
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $53.3M | 0.01% |
377,483
-1,350
| -0.4% | -$167K |
|
843
RBC Bearings
RBC
$17.4B
| $53.3M | 0.01% |
321,225
+3,276
| +1% | +$529K |
|
844
Tandem Diabetes Care
TNDM
$1.34B
| $53.1M | 0.01% |
900,882
+63,344
| +8% | +$4.04M |
|
845
TD Synnex
SNX
$20.4B
| $53M | 0.01% |
939,786
-40,870
| -4% | -$1.91M |
|
846
Outfront Media
OUT
$5.61B
| $53M | 0.01% |
1,937,644
-12,871
| -0.7% | -$343K |
|
847
FirstCash
FCFS
$8.85B
| $53M | 0.01% |
577,877
+17,658
| +3% | +$1.75M |
|
|
GRUB
848
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $52.8M | 0.01% |
470,336
+15,243
| +3% | +$2.02M |
|
849
Marriott Vacations Worldwide
VAC
$3.35B
| $52.8M | 0.01% |
509,760
+1,672
| +0.3% | +$164K |
|
850
MasTec
MTZ
$21.1B
| $52.7M | 0.01% |
811,576
+50,259
| +7% | +$2.93M |
|
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.