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 | |
|---|---|---|---|---|---|---|---|
101
Cigna
CI
$79.9B
| $806M | 0.19% |
5,315,200
+67,792
| +1% | +$11M |
2013 Q2
25 quarters
|
|
102
Zoetis
ZTS
$32.8B
| $803M | 0.19% |
6,459,008
+225,675
| +4% | +$27.2M |
2013 Q2
25 quarters
|
|
103
Crown Castle
CCI
$35B
| $798M | 0.19% |
5,745,680
+225,398
| +4% | +$31.2M |
2013 Q2
25 quarters
|
|
104
Progressive
PGR
$127B
| $797M | 0.19% |
10,330,934
+413,696
| +4% | +$32.5M |
2013 Q2
25 quarters
|
|
105
S&P Global
SPGI
$127B
| $789M | 0.18% |
3,226,487
+147,198
| +5% | +$36.8M |
2016 Q2
13 quarters
|
|
106
Biogen
BIIB
$34.4B
| $776M | 0.18% |
3,335,552
+48,970
| +1% | +$11.4M |
2013 Q2
25 quarters
|
|
107
Morgan Stanley
MS
$284B
| $775M | 0.18% |
18,198,385
+234,134
| +1% | +$10M |
2013 Q2
25 quarters
|
|
|
AGN
108
DELISTED
Allergan plc
AGN
| $771M | 0.18% |
4,586,920
+375,095
| +9% | +$61.1M |
2015 Q3
16 quarters
|
|
|
RTN
109
DELISTED
Raytheon Company
RTN
| $765M | 0.18% |
3,907,107
+105,217
| +3% | +$19.5M |
2013 Q2
25 quarters
|
|
110
DuPont de Nemours
DD
$17.6B
| $754M | 0.18% |
8,440,163
+201,800
| +2% | +$17.8M |
2013 Q2
25 quarters
|
|
111
Boston Scientific
BSX
$64.3B
| $754M | 0.18% |
18,562,488
+471,694
| +3% | +$20M |
2013 Q2
25 quarters
|
|
|
112
L3Harris
LHX
$46.3B
| $742M | 0.17% |
3,560,829
+1,928,103
| +118% | +$395M |
2013 Q2
25 quarters
|
|
113
Edwards Lifesciences
EW
$49.9B
| $725M | 0.17% |
9,905,829
+1,691,031
| +21% | +$119M |
2013 Q2
25 quarters
|
|
114
Public Storage
PSA
$55.7B
| $723M | 0.17% |
2,951,233
+119,022
| +4% | +$29.9M |
2013 Q2
25 quarters
|
|
115
Intercontinental Exchange
ICE
$90.7B
| $720M | 0.17% |
7,812,317
+269,132
| +4% | +$24.6M |
2013 Q2
25 quarters
|
|
116
Illinois Tool Works
ITW
$77.5B
| $719M | 0.17% |
4,598,674
+80,095
| +2% | +$12.2M |
2013 Q2
25 quarters
|
|
117
Micron Technology
MU
$994B
| $718M | 0.17% |
16,776,504
+1,117,862
| +7% | +$50.5M |
2013 Q2
25 quarters
|
|
118
Air Products & Chemicals
APD
$66.7B
| $718M | 0.17% |
3,237,937
+198,239
| +7% | +$44.6M |
2013 Q2
25 quarters
|
|
119
Ecolab
ECL
$81B
| $708M | 0.17% |
3,578,377
+85,152
| +2% | +$17.1M |
2013 Q2
25 quarters
|
|
120
Exelon
EXC
$44.8B
| $706M | 0.16% |
20,528,028
+278,456
| +1% | +$9.35M |
2013 Q2
25 quarters
|
|
121
Illumina
ILMN
$39.6B
| $706M | 0.16% |
2,388,492
+367,688
| +18% | +$108M |
2013 Q2
25 quarters
|
|
122
Deere & Co
DE
$173B
| $704M | 0.16% |
4,182,157
+33,980
| +0.8% | +$5.43M |
2013 Q2
25 quarters
|
|
|
123
Global Payments
GPN
$22.1B
| $704M | 0.16% |
4,435,853
+2,237,453
| +102% | +$365M |
2013 Q2
25 quarters
|
|
124
Welltower
WELL
$169B
| $704M | 0.16% |
7,771,615
+188,246
| +2% | +$16.4M |
2013 Q2
25 quarters
|
|
125
Marsh
MRSH
$89.9B
| $699M | 0.16% |
6,991,787
-812,925
| -10% | -$81.3M |
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.