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 | |
|---|---|---|---|---|---|---|
1026
Acadia Realty Trust
AKR
$3.09B
| $38.9M | 0.01% |
1,362,219
+51,676
| +4% | +$1.44M |
|
1027
Simpson Manufacturing
SSD
$7.72B
| $38.9M | 0.01% |
561,230
+9,854
| +2% | +$640K |
|
1028
Rayonier
RYN
$6.55B
| $38.9M | 0.01% |
1,521,118
+6,528
| +0.4% | +$167K |
|
1029
Goodyear
GT
$2B
| $38.7M | 0.01% |
2,684,609
-44,726
| -2% | -$596K |
|
1030
Credicorp
BAP
$31.8B
| $38.7M | 0.01% |
186,430
+15,714
| +9% | +$3.4M |
|
|
GBT
1031
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $38.6M | 0.01% |
796,569
+63,646
| +9% | +$3.32M |
|
|
ISBC
1032
DELISTED
Investors Bancorp, Inc.
ISBC
| $38.5M | 0.01% |
3,388,843
+54,616
| +2% | +$611K |
|
1033
Murphy Oil
MUR
$5.7B
| $38.4M | 0.01% |
1,738,263
-86,016
| -5% | -$1.85M |
|
1034
Agree Realty
ADC
$9.34B
| $38.3M | 0.01% |
524,199
+50,444
| +11% | +$3.52M |
|
1035
SiteOne Landscape Supply
SITE
$4.12B
| $38.1M | 0.01% |
514,529
+13,344
| +3% | +$980K |
|
|
BDN
1036
Brandywine Realty Trust
BDN
$524M
| $38M | 0.01% |
2,505,163
+22,571
| +0.9% | +$330K |
|
|
SJI
1037
DELISTED
South Jersey Industries, Inc.
SJI
| $37.9M | 0.01% |
1,151,794
+25,493
| +2% | +$832K |
|
1038
Old National Bancorp
ONB
$10.2B
| $37.9M | 0.01% |
2,201,115
+114,632
| +5% | +$1.96M |
|
1039
MSC Industrial Direct
MSM
$6.89B
| $37.9M | 0.01% |
521,928
-20,933
| -4% | -$1.47M |
|
1040
Skywest
SKYW
$4.24B
| $37.8M | 0.01% |
659,226
-3,107
| -0.5% | -$182K |
|
1041
Avient
AVNT
$3.33B
| $37.8M | 0.01% |
1,158,183
+31,380
| +3% | +$995K |
|
|
PGRE
1042
DELISTED
Paramount Group
PGRE
| $37.7M | 0.01% |
2,827,688
-32,110
| -1% | -$433K |
|
1043
New Oriental
EDU
$9.37B
| $37.7M | 0.01% |
342,308
+22,248
| +7% | +$2.33M |
|
1044
BJs Wholesale Club
BJ
$12.5B
| $37.7M | 0.01% |
1,455,992
+67,208
| +5% | +$1.67M |
|
1045
Novanta
NOVT
$5.08B
| $37.6M | 0.01% |
459,935
+15,089
| +3% | +$1.23M |
|
|
P
1046
Everpure Inc
P
$25.7B
| $37.6M | 0.01% |
2,217,977
+306,225
| +16% | +$4.8M |
|
1047
Nutrien
NTR
$33.2B
| $37.6M | 0.01% |
749,447
+77,348
| +12% | +$3.95M |
|
1048
Power Integrations
POWI
$3.38B
| $37.6M | 0.01% |
830,766
+29,028
| +4% | +$1.26M |
|
1049
Trip.com Group
TCOM
$29.6B
| $37.5M | 0.01% |
1,286,940
+87,614
| +7% | +$3.08M |
|
|
GRA
1050
DELISTED
W.R. Grace & Co.
GRA
| $37.5M | 0.01% |
561,551
-77,048
| -12% | -$5.4M |
|
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.