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 | |
|---|---|---|---|---|---|---|
|
IPHI
1101
DELISTED
INPHI CORPORATION
IPHI
| $34.8M | 0.01% |
570,677
+20,284
| +4% | +$1.24M |
|
1102
Deluxe
DLX
$1.18B
| $34.8M | 0.01% |
707,355
-8,032
| -1% | -$358K |
|
1103
Floor & Decor
FND
$6.13B
| $34.8M | 0.01% |
679,774
+85,428
| +14% | +$3.84M |
|
1104
ICU Medical
ICUI
$4.21B
| $34.8M | 0.01% |
217,848
+23,237
| +12% | +$4.63M |
|
|
ELME
1105
Elme Communities
ELME
$143M
| $34.8M | 0.01% |
1,270,340
-5,963
| -0.5% | -$161K |
|
1106
Qualys
QLYS
$5.1B
| $34.6M | 0.01% |
458,448
+11,799
| +3% | +$983K |
|
|
ESGR
1107
DELISTED
Enstar Group
ESGR
| $34.4M | 0.01% |
181,059
+1,256
| +0.7% | +$225K |
|
|
MIC
1108
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $34.3M | 0.01% |
869,389
+49,007
| +6% | +$1.94M |
|
1109
Itron
ITRI
$4.36B
| $34.2M | 0.01% |
462,911
+9,977
| +2% | +$671K |
|
|
ARI
1110
Apollo Commercial Real Estate
ARI
$867M
| $34.2M | 0.01% |
1,783,792
+37,423
| +2% | +$705K |
|
1111
GATX Corp
GATX
$6.35B
| $34.2M | 0.01% |
440,976
-7,908
| -2% | -$604K |
|
1112
Jack in the Box
JACK
$312M
| $34.1M | 0.01% |
373,999
+11,328
| +3% | +$942K |
|
1113
Columbia Sportswear
COLM
$3.04B
| $34M | 0.01% |
351,159
-2,273
| -0.6% | -$225K |
|
|
WMGI
1114
DELISTED
Wright Medical Group Inc
WMGI
| $33.9M | 0.01% |
1,645,082
+94,295
| +6% | +$2.24M |
|
1115
Integer Holdings
ITGR
$4.12B
| $33.8M | 0.01% |
447,941
+25,119
| +6% | +$1.99M |
|
1116
CarGurus
CARG
$3.27B
| $33.8M | 0.01% |
1,090,915
+155,274
| +17% | +$5.29M |
|
|
UFS
1117
DELISTED
DOMTAR CORPORATION (New)
UFS
| $33.8M | 0.01% |
942,827
-57,713
| -6% | -$2.14M |
|
1118
SouthState Bank Corp
SSB
$10.2B
| $33.7M | 0.01% |
447,363
-14,961
| -3% | -$1.13M |
|
1119
SolarEdge
SEDG
$2.51B
| $33.6M | 0.01% |
401,827
+26,171
| +7% | +$1.95M |
|
1120
Avantor
AVTR
$9.32B
| $33.6M | 0.01% |
2,287,311
+680,449
| +42% | +$11.5M |
|
1121
Independent Bank
INDB
$3.99B
| $33.6M | 0.01% |
450,071
+1,079
| +0.2% | +$78.2K |
|
1122
Zscaler
ZS
$24.5B
| $33.6M | 0.01% |
710,778
+338,583
| +91% | +$24.4M |
|
1123
Tenet Healthcare
THC
$20.5B
| $33.6M | 0.01% |
1,516,984
+210,072
| +16% | +$4.48M |
|
1124
Ameris Bancorp
ABCB
$5.85B
| $33.5M | 0.01% |
833,620
+20,233
| +2% | +$763K |
|
1125
Box
BOX
$4.37B
| $33.5M | 0.01% |
2,025,420
+243,704
| +14% | +$3.91M |
|
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.