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 | |
|---|---|---|---|---|---|---|
1251
News Corp Class B
NWS
$17.2B
| $27.9M | 0.01% |
1,953,798
+13,041
| +0.7% | +$183K |
|
1252
Crocs
CROX
$6.47B
| $27.9M | 0.01% |
1,004,757
-22,097
| -2% | -$535K |
|
1253
Adient
ADNT
$1.65B
| $27.8M | 0.01% |
1,212,972
+117,777
| +11% | +$2.69M |
|
|
SC
1254
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $27.8M | 0.01% |
1,089,670
-74,190
| -6% | -$1.93M |
|
1255
Aaon
AAON
$7.58B
| $27.8M | 0.01% |
906,594
+13,753
| +2% | +$444K |
|
|
CADE
1256
DELISTED
Cadence Bancorporation
CADE
| $27.7M | 0.01% |
1,579,947
+74,058
| +5% | +$1.27M |
|
|
WBT
1257
DELISTED
Welbilt, Inc.
WBT
| $27.6M | 0.01% |
1,638,735
+35,129
| +2% | +$570K |
|
|
AEL
1258
DELISTED
American Equity Investment Life Holding Company
AEL
| $27.6M | 0.01% |
1,139,701
+35,736
| +3% | +$864K |
|
|
CSGS
1259
DELISTED
CSG Systems International
CSGS
| $27.6M | 0.01% |
533,513
-9,000
| -2% | -$461K |
|
1260
Silgan Holdings
SLGN
$4.37B
| $27.5M | 0.01% |
915,830
+27,976
| +3% | +$843K |
|
1261
Franklin Electric
FELE
$4.73B
| $27.5M | 0.01% |
575,212
+13,421
| +2% | +$622K |
|
1262
Transocean
RIG
$5.7B
| $27.4M | 0.01% |
6,129,246
+587,411
| +11% | +$3.12M |
|
|
LTXB
1263
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $27.4M | 0.01% |
628,448
+23,421
| +4% | +$974K |
|
|
TPH
1264
DELISTED
Tri Pointe Homes
TPH
| $27.3M | 0.01% |
1,817,510
+65,577
| +4% | +$894K |
|
1265
LendingTree
TREE
$448M
| $27.3M | 0.01% |
88,054
+2,815
| +3% | +$959K |
|
1266
Rapid7
RPD
$680M
| $27.3M | 0.01% |
601,597
+17,482
| +3% | +$982K |
|
|
EVBG
1267
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $27.2M | 0.01% |
441,411
+41,806
| +10% | +$3.55M |
|
1268
Enphase Energy
ENPH
$5.2B
| $27.2M | 0.01% |
1,224,806
+57,053
| +5% | +$1.46M |
|
1269
Invesco Mortgage Capital
IVR
$757M
| $27.2M | 0.01% |
177,710
+20,408
| +13% | +$3.24M |
|
1270
Commault Systems
CVLT
$5.18B
| $27.2M | 0.01% |
608,278
+51,711
| +9% | +$2.37M |
|
1271
Brinker International
EAT
$9.66B
| $27.2M | 0.01% |
637,140
+1,514
| +0.2% | +$60.7K |
|
1272
Diodes
DIOD
$3.77B
| $27.2M | 0.01% |
676,797
+87,104
| +15% | +$3.37M |
|
|
FMBI
1273
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $27.2M | 0.01% |
1,394,475
-8,439
| -0.6% | -$168K |
|
|
PRA
1274
DELISTED
ProAssurance
PRA
| $27.1M | 0.01% |
673,908
+20,790
| +3% | +$805K |
|
1275
Natera
NTRA
$38.7B
| $27.1M | 0.01% |
827,097
+12,971
| +2% | +$384K |
|
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.