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 | |
|---|---|---|---|---|---|---|
1176
First Financial Bancorp
FFBC
$3.59B
| $31.1M | 0.01% |
1,270,381
-549
| -0% | -$13.2K |
|
1177
Carpenter Technology
CRS
$26.4B
| $31.1M | 0.01% |
601,723
+14,662
| +2% | +$709K |
|
1178
Innospec
IOSP
$2.11B
| $31M | 0.01% |
348,003
+23,842
| +7% | +$2.14M |
|
1179
Visteon
VC
$2.79B
| $31M | 0.01% |
375,451
+9,087
| +2% | +$606K |
|
1180
DigitalBridge
DBRG
$2.93B
| $31M | 0.01% |
1,285,913
+16,294
| +1% | +$337K |
|
1181
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$146M
| – | – |
0
| – | – |
|
|
ARNA
1182
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $30.9M | 0.01% |
675,352
+9,928
| +1% | +$558K |
|
1183
CNO Financial Group
CNO
$5.23B
| $30.8M | 0.01% |
1,948,111
-23,989
| -1% | -$379K |
|
1184
WSFS Financial
WSFS
$4.19B
| $30.8M | 0.01% |
698,545
-9,066
| -1% | -$381K |
|
|
IMMU
1185
DELISTED
Immunomedics Inc
IMMU
| $30.8M | 0.01% |
2,320,908
+19,064
| +0.8% | +$280K |
|
|
MDC
1186
DELISTED
M.D.C. Holdings, Inc.
MDC
| $30.6M | 0.01% |
767,713
+91,353
| +14% | +$3.21M |
|
1187
Mercado Libre
MELI
$96.1B
| $30.6M | 0.01% |
55,872
+14,487
| +35% | +$8.78M |
|
|
B
1188
DELISTED
Barnes Group Inc.
B
| $30.6M | 0.01% |
593,760
+16,808
| +3% | +$843K |
|
1189
Otter Tail
OTTR
$3.82B
| $30.6M | 0.01% |
569,228
+23,369
| +4% | +$1.22M |
|
|
AXE
1190
DELISTED
Anixter International Inc
AXE
| $30.6M | 0.01% |
442,271
+31,601
| +8% | +$1.94M |
|
1191
Applied Industrial Technologies
AIT
$13B
| $30.5M | 0.01% |
536,327
-515
| -0.1% | -$29K |
|
1192
ABM Industries
ABM
$2.86B
| $30.4M | 0.01% |
838,255
-5,992
| -0.7% | -$233K |
|
1193
Trustmark
TRMK
$2.8B
| $30.4M | 0.01% |
892,535
+33,934
| +4% | +$1.14M |
|
1194
Evertec
EVTC
$1.93B
| $30.4M | 0.01% |
974,935
+3,938
| +0.4% | +$132K |
|
|
BECN
1195
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $30.4M | 0.01% |
905,740
+21,677
| +2% | +$733K |
|
1196
OneMain Financial
OMF
$7.43B
| $30.3M | 0.01% |
826,729
+27,892
| +3% | +$1.03M |
|
|
NEWR
1197
DELISTED
New Relic, Inc.
NEWR
| $30.3M | 0.01% |
493,353
+37,985
| +8% | +$2.75M |
|
1198
Emergent Biosolutions
EBS
$377M
| $30.2M | 0.01% |
578,130
-14,243
| -2% | -$664K |
|
|
MDRX
1199
DELISTED
Veradigm Inc. Common Stock
MDRX
| $30.2M | 0.01% |
2,750,416
+82,980
| +3% | +$852K |
|
1200
Korn Ferry
KFY
$4.22B
| $30.2M | 0.01% |
780,608
+3,795
| +0.5% | +$147K |
|
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.