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 | |
|---|---|---|---|---|---|---|
1001
UMB Financial
UMBF
$11.1B
| $40.6M | 0.01% |
628,509
+4,471
| +0.7% | +$289K |
|
|
DOC
1002
DELISTED
PHYSICIANS REALTY TRUST
DOC
| $40.6M | 0.01% |
2,284,762
+17,581
| +0.8% | +$305K |
|
1003
Alcoa
AA
$11.9B
| $40.4M | 0.01% |
2,014,384
-18,936
| -0.9% | -$394K |
|
1004
Navient
NAVI
$789M
| $40.4M | 0.01% |
3,153,191
+581,130
| +23% | +$7.75M |
|
1005
Community Bank
CBU
$3.41B
| $40.3M | 0.01% |
653,371
+7,933
| +1% | +$501K |
|
1006
Zurn Elkay Water Solutions
ZWS
$8.38B
| $40.1M | 0.01% |
3,079,439
+234,084
| +8% | +$3.13M |
|
1007
Omnicell
OMCL
$1.61B
| $40.1M | 0.01% |
555,082
+2,975
| +0.5% | +$218K |
|
1008
Home BancShares
HOMB
$6.23B
| $40M | 0.01% |
2,129,888
+63,668
| +3% | +$1.19M |
|
|
JHG
1009
DELISTED
Janus Henderson
JHG
| $40M | 0.01% |
1,779,905
-4,344
| -0.2% | -$90.3K |
|
1010
Avista
AVA
$3.34B
| $39.9M | 0.01% |
822,713
+27,494
| +3% | +$1.28M |
|
1011
Nutanix
NTNX
$16B
| $39.8M | 0.01% |
1,515,398
+492,307
| +48% | +$11.6M |
|
1012
Atlantic Union Bankshares
AUB
$6.02B
| $39.8M | 0.01% |
1,067,914
+95,206
| +10% | +$3.48M |
|
1013
First Hawaiian
FHB
$3.38B
| $39.7M | 0.01% |
1,488,447
+326,093
| +28% | +$8.45M |
|
|
CSFL
1014
DELISTED
CenterState Bank Corporation Common Stock
CSFL
| $39.7M | 0.01% |
1,653,505
+200,255
| +14% | +$4.68M |
|
1015
Darling Ingredients
DAR
$9.64B
| $39.6M | 0.01% |
2,069,556
+64,543
| +3% | +$1.26M |
|
|
KYNB
1016
Kyntra Bio
KYNB
$27.2M
| $39.5M | 0.01% |
42,747
+1,705
| +4% | +$1.87M |
|
1017
Strategic Education
STRA
$1.85B
| $39.5M | 0.01% |
290,448
+2,427
| +0.8% | +$414K |
|
|
MZTI
1018
The Marzetti Company
MZTI
$2.93B
| $39.4M | 0.01% |
284,021
+8,136
| +3% | +$1.21M |
|
1019
Sensient Technologies
SXT
$5.26B
| $39.3M | 0.01% |
573,150
+50,113
| +10% | +$3.41M |
|
|
JBTM
1020
JBT Marel
JBTM
$7.21B
| $39.3M | 0.01% |
395,495
+7,547
| +2% | +$831K |
|
1021
Louisiana-Pacific
LPX
$5.06B
| $39.3M | 0.01% |
1,599,133
-14,805
| -0.9% | -$365K |
|
1022
Bank OZK
OZK
$5.6B
| $39.3M | 0.01% |
1,441,238
+19,867
| +1% | +$552K |
|
1023
U-Haul Holding Co
UHAL
$13.9B
| $39.2M | 0.01% |
1,006,380
-490
| -0% | -$18.1K |
|
1024
Ingersoll Rand
IR
$32.6B
| $39.2M | 0.01% |
1,384,862
-15,532
| -1% | -$480K |
|
|
B
1025
Barrick Mining
B
$61.5B
| $39M | 0.01% |
2,240,484
+2,191,681
| +4,491% | +$38.7M |
|
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.