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 | |
|---|---|---|---|---|---|---|
1376
Ares Management
ARES
$31.3B
| $23.3M | 0.01% |
869,112
+60,801
| +8% | +$1.74M |
|
1377
Hope Bancorp
HOPE
$1.81B
| $23.3M | 0.01% |
1,621,661
+34,509
| +2% | +$484K |
|
1378
SPS Commerce
SPSC
$2.72B
| $23.2M | 0.01% |
493,947
-7,387
| -1% | -$375K |
|
|
INVX
1379
Innovex International
INVX
$1.98B
| $23.2M | 0.01% |
462,473
+12,638
| +3% | +$617K |
|
1380
Element Solutions
ESI
$9.18B
| $23.2M | 0.01% |
2,278,126
-100,861
| -4% | -$992K |
|
1381
iShares MSCI Taiwan ETF
EWT
$10.2B
| – | – |
0
| – | – |
|
1382
Cannae Holdings
CNNE
$655M
| $23.1M | 0.01% |
840,873
-71,196
| -8% | -$2.03M |
|
1383
OSI Systems
OSIS
$3.72B
| $23M | 0.01% |
226,760
+3,649
| +2% | +$394K |
|
1384
Moelis & Co
MC
$5.08B
| $23M | 0.01% |
700,835
+25,763
| +4% | +$874K |
|
1385
La-Z-Boy
LZB
$1.64B
| $23M | 0.01% |
684,506
-58,984
| -8% | -$1.89M |
|
|
WDR
1386
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $22.9M | 0.01% |
1,330,681
-9,044
| -0.7% | -$152K |
|
|
TRTN
1387
DELISTED
Triton International Limited
TRTN
| $22.8M | 0.01% |
673,763
-67,449
| -9% | -$2.2M |
|
|
SRG
1388
Seritage Growth Properties
SRG
$137M
| $22.8M | 0.01% |
536,229
+65,700
| +14% | +$2.7M |
|
1389
Synaptics
SYNA
$4.13B
| $22.8M | 0.01% |
570,153
+24,502
| +4% | +$827K |
|
1390
US Physical Therapy
USPH
$1.18B
| $22.7M | 0.01% |
174,115
+1,519
| +0.9% | +$198K |
|
1391
Magna International
MGA
$18.5B
| $22.7M | 0.01% |
+427,840
| New | +$21.3M |
|
1392
McGrath RentCorp
MGRC
$2.92B
| $22.7M | 0.01% |
326,010
+5,611
| +2% | +$368K |
|
1393
Kite Realty
KRG
$5.69B
| $22.7M | 0.01% |
1,404,445
+42,405
| +3% | +$650K |
|
1394
Matador Resources
MTDR
$6.06B
| $22.6M | 0.01% |
1,369,100
+45,310
| +3% | +$757K |
|
|
IRBT
1395
DELISTED
iRobot
IRBT
| $22.6M | 0.01% |
366,900
+7,800
| +2% | +$559K |
|
1396
Rogers Communications
RCI
$18.4B
| $22.6M | 0.01% |
462,982
+456,668
| +7,233% | +$23.5M |
|
|
AVNS
1397
DELISTED
Avanos Medical
AVNS
| $22.6M | 0.01% |
603,547
+13,276
| +2% | +$506K |
|
|
SFBS
1398
ServisFirst Bancshares
SFBS
$4.92B
| $22.6M | 0.01% |
681,141
+21,670
| +3% | +$699K |
|
1399
Workiva
WK
$3.43B
| $22.5M | 0.01% |
514,078
+84,988
| +20% | +$4.48M |
|
1400
Westamerica Bancorp
WABC
$1.39B
| $22.4M | 0.01% |
360,947
+18
| +0% | +$1.12K |
|
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.