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 |
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 | 19.06% |
| 2 | Financials | 15.57% |
| 3 | Healthcare | 13.56% |
| 4 | Consumer Discretionary | 10.17% |
| 5 | Industrials | 9.63% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
76
American Express
AXP
$211B
| $1.07B | 0.25% |
9,030,890
+119,702
| +1% | +$14.7M |
2013 Q2
25 quarters
|
|
77
GE Aerospace
GE
$326B
| $1.04B | 0.24% |
23,412,498
+666,935
| +3% | +$31.3M |
2013 Q2
25 quarters
|
|
78
Chubb
CB
$138B
| $1.04B | 0.24% |
6,436,341
+187,631
| +3% | +$29M |
2013 Q2
25 quarters
|
|
79
Altria Group
MO
$125B
| $1.03B | 0.24% |
25,121,481
+713,169
| +3% | +$32.8M |
2013 Q2
25 quarters
|
|
80
Duke Energy
DUK
$94.6B
| $1.01B | 0.23% |
10,498,055
+153,633
| +1% | +$14M |
2013 Q2
25 quarters
|
|
81
Colgate-Palmolive
CL
$74.3B
| $1B | 0.23% |
13,659,896
+443,879
| +3% | +$32.2M |
2013 Q2
25 quarters
|
|
82
Fiserv Inc
FISV
$25.2B
| $979M | 0.23% |
9,464,473
+3,283,491
| +53% | +$335M |
2013 Q2
25 quarters
|
|
83
Intuitive Surgical
ISRG
$151B
| $977M | 0.23% |
5,434,857
+82,857
| +2% | +$14.3M |
2013 Q2
25 quarters
|
|
84
Caterpillar
CAT
$337B
| $966M | 0.23% |
7,658,536
+62,496
| +0.8% | +$7.94M |
2013 Q2
25 quarters
|
|
85
Simon Property Group
SPG
$66.3B
| $962M | 0.22% |
6,183,052
+162,604
| +3% | +$25.3M |
2013 Q2
25 quarters
|
|
86
Stryker
SYK
$113B
| $949M | 0.22% |
4,394,191
+333,670
| +8% | +$71.6M |
2013 Q2
25 quarters
|
|
87
Charter Communications
CHTR
$12.7B
| $932M | 0.22% |
2,265,510
-66,417
| -3% | -$26.8M |
2013 Q2
25 quarters
|
|
88
Dominion Energy
D
$56B
| $930M | 0.22% |
11,476,312
+558,458
| +5% | +$43.2M |
2013 Q2
25 quarters
|
|
89
TJX Companies
TJX
$162B
| $926M | 0.22% |
16,643,435
+92,117
| +0.6% | +$5.02M |
2013 Q2
25 quarters
|
|
90
Prologis
PLD
$119B
| $925M | 0.22% |
10,873,203
+352,884
| +3% | +$29.2M |
2013 Q2
25 quarters
|
|
91
Goldman Sachs
GS
$256B
| $921M | 0.21% |
4,451,999
-79,116
| -2% | -$16.5M |
2013 Q2
25 quarters
|
|
92
Southern Company
SO
$105B
| $919M | 0.21% |
14,874,009
+542,016
| +4% | +$31.4M |
2013 Q2
25 quarters
|
|
93
ConocoPhillips
COP
$175B
| $916M | 0.21% |
16,103,382
+211,154
| +1% | +$12M |
2013 Q2
25 quarters
|
|
94
Becton Dickinson
BDX
$51.9B
| $901M | 0.21% |
3,656,767
+100,376
| +3% | +$24.8M |
2013 Q2
25 quarters
|
|
95
Elevance Health
ELV
$93.2B
| $849M | 0.2% |
3,541,638
-62,213
| -2% | -$17M |
2013 Q2
25 quarters
|
|
96
PNC Financial Services
PNC
$86.6B
| $827M | 0.19% |
5,910,583
+65,601
| +1% | +$8.9M |
2013 Q2
25 quarters
|
|
97
Target
TGT
$69.8B
| $815M | 0.19% |
7,625,337
+76,302
| +1% | +$7.26M |
2013 Q2
25 quarters
|
|
98
Kimberly-Clark
KMB
$34.9B
| $814M | 0.19% |
5,740,631
+187,252
| +3% | +$25.7M |
2013 Q2
25 quarters
|
|
99
Northrop Grumman
NOC
$73.2B
| $814M | 0.19% |
2,175,044
-65,317
| -3% | -$23.1M |
2013 Q2
25 quarters
|
|
100
CSX Corp
CSX
$90B
| $811M | 0.19% |
35,179,380
+1,635,030
| +5% | +$38.1M |
2013 Q2
25 quarters
|
|
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, 2,726 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 19% 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.