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 | |
|---|---|---|---|---|---|---|
|
QTS
926
DELISTED
QTS REALTY TRUST, INC.
QTS
| $46.3M | 0.01% |
900,112
+23,983
| +3% | +$1.14M |
|
|
DHC
927
Diversified Healthcare Trust
DHC
$2.15B
| $46.2M | 0.01% |
4,930,723
+41,339
| +0.8% | +$357K |
|
|
TWO
928
Two Harbors Investment
TWO
$1.27B
| $46.2M | 0.01% |
871,521
+11,971
| +1% | +$631K |
|
929
Crane NXT
CXT
$2.99B
| $46.1M | 0.01% |
1,647,560
+116,116
| +8% | +$3.24M |
|
|
STL
930
DELISTED
Sterling Bancorp
STL
| $46.1M | 0.01% |
2,299,460
+11,887
| +0.5% | +$241K |
|
931
Boston Beer
SAM
$1.91B
| $46.1M | 0.01% |
126,690
-10,704
| -8% | -$4.21M |
|
932
Webster Financial
WBS
$12.5B
| $46.1M | 0.01% |
982,548
+12,290
| +1% | +$581K |
|
|
AVLR
933
DELISTED
Avalara, Inc.
AVLR
| $46M | 0.01% |
684,015
+191,393
| +39% | +$15.5M |
|
934
KBR
KBR
$4.62B
| $46M | 0.01% |
1,875,281
+58,518
| +3% | +$1.49M |
|
935
First Citizens BancShares
FCNCA
$24.9B
| $46M | 0.01% |
97,451
+657
| +0.7% | +$299K |
|
936
National Health Investors
NHI
$3.72B
| $45.9M | 0.01% |
557,014
+594
| +0.1% | +$48.3K |
|
937
Ingevity
NGVT
$2.51B
| $45.8M | 0.01% |
539,517
+16,165
| +3% | +$1.44M |
|
|
HMSY
938
DELISTED
HMS Holdings Corp.
HMSY
| $45.7M | 0.01% |
1,324,882
-7,608
| -0.6% | -$275K |
|
|
ONCE
939
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $45.6M | 0.01% |
470,631
+24,262
| +5% | +$2.43M |
|
940
SLM Corp
SLM
$4.89B
| $45.4M | 0.01% |
5,139,789
+15,108
| +0.3% | +$136K |
|
941
Carter's
CRI
$1.42B
| $45.3M | 0.01% |
497,163
+5,121
| +1% | +$467K |
|
942
Morningstar
MORN
$7.22B
| $45.3M | 0.01% |
309,968
+22,063
| +8% | +$3.4M |
|
943
NovoCure
NVCR
$1.73B
| $45.1M | 0.01% |
602,934
+77,925
| +15% | +$6.23M |
|
|
RPAI
944
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $45.1M | 0.01% |
3,659,312
-21,802
| -0.6% | -$256K |
|
|
AXON
945
Axon Enterprise
AXON
$42.5B
| $45M | 0.01% |
791,826
+13,449
| +2% | +$849K |
|
946
Evercore
EVR
$12.4B
| $44.8M | 0.01% |
559,703
+15,221
| +3% | +$1.26M |
|
|
CLGX
947
DELISTED
Corelogic, Inc.
CLGX
| $44.8M | 0.01% |
967,869
+4,669
| +0.5% | +$215K |
|
|
XHR
948
Xenia Hotels & Resorts
XHR
$1.9B
| $44.7M | 0.01% |
2,116,219
+45,619
| +2% | +$956K |
|
|
LHCG
949
DELISTED
LHC Group LLC
LHCG
| $44.7M | 0.01% |
393,571
+10,568
| +3% | +$1.27M |
|
|
TGNA
950
DELISTED
TEGNA Inc
TGNA
| $44.7M | 0.01% |
2,877,301
+70,032
| +2% | +$1.06M |
|
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.