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 | |
|---|---|---|---|---|---|---|
1301
Sprouts Farmers Market
SFM
$8.28B
| $26.1M | 0.01% |
1,347,967
+7,359
| +0.5% | +$135K |
|
1302
Northwest Natural Holdings
NWN
$2.06B
| $26M | 0.01% |
365,116
-223
| -0.1% | -$15.8K |
|
1303
Pembina Pipeline
PBA
$28B
| $26M | 0.01% |
688,107
+84,786
| +14% | +$3.14M |
|
|
IBTX
1304
DELISTED
Independent Bank Group, Inc.
IBTX
| $26M | 0.01% |
493,670
+9,577
| +2% | +$506K |
|
1305
Healthcare Services Group
HCSG
$1.61B
| $25.8M | 0.01% |
1,061,580
+92,820
| +10% | +$2.34M |
|
|
CVA
1306
DELISTED
Covanta Holding Corporation
CVA
| $25.8M | 0.01% |
1,491,030
+33,157
| +2% | +$572K |
|
1307
Ligand Pharmaceuticals
LGND
$5.85B
| $25.6M | 0.01% |
412,764
-7,650
| -2% | -$480K |
|
1308
Spotify
SPOT
$100B
| $25.6M | 0.01% |
224,707
+21,014
| +10% | +$2.97M |
|
1309
Cavco Industries
CVCO
$4.21B
| $25.6M | 0.01% |
133,235
+1,958
| +1% | +$347K |
|
|
MANT
1310
DELISTED
Mantech International Corp
MANT
| $25.6M | 0.01% |
357,932
+5,042
| +1% | +$345K |
|
1311
Banner Corp
BANR
$2.4B
| $25.5M | 0.01% |
454,624
+16,815
| +4% | +$928K |
|
1312
Artisan Partners
APAM
$2.99B
| $25.5M | 0.01% |
902,749
+11,483
| +1% | +$321K |
|
1313
Capitol Federal Financial
CFFN
$1.12B
| $25.4M | 0.01% |
1,844,417
-28,008
| -1% | -$382K |
|
1314
Nu Skin
NUS
$251M
| $25.4M | 0.01% |
596,454
+7,791
| +1% | +$327K |
|
1315
Houlihan Lokey
HLI
$8.77B
| $25.4M | 0.01% |
562,298
+73,176
| +15% | +$3.24M |
|
|
PTLA
1316
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $25.3M | 0.01% |
945,108
+73,683
| +8% | +$2.07M |
|
1317
Beyond Meat
BYND
$316M
| $25.3M | 0.01% |
170,307
+29,104
| +21% | +$4.79M |
|
|
VISN
1318
Vistance Networks Inc
VISN
$2.72B
| $25.2M | 0.01% |
2,146,524
-75,595
| -3% | -$974K |
|
1319
Federal Signal
FSS
$7.88B
| $25.2M | 0.01% |
770,523
+28,272
| +4% | +$840K |
|
1320
Walker & Dunlop
WD
$1.79B
| $25.2M | 0.01% |
449,930
-17,835
| -4% | -$1M |
|
1321
Asbury Automotive
ABG
$4.24B
| $25.2M | 0.01% |
245,853
+6,242
| +3% | +$576K |
|
1322
Casella Waste Systems
CWST
$5.85B
| $25.1M | 0.01% |
584,888
+5,804
| +1% | +$251K |
|
|
OPI
1323
DELISTED
Office Properties Income Trust
OPI
| $25M | 0.01% |
817,367
+8,831
| +1% | +$247K |
|
1324
Liberty Broadband Class A
LBRDA
$4.86B
| $25M | 0.01% |
239,130
-28,117
| -11% | -$2.9M |
|
|
CSII
1325
DELISTED
Cardiovascular Systems, Inc.
CSII
| $25M | 0.01% |
525,232
+68,146
| +15% | +$3.2M |
|
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.