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 | |
|---|---|---|---|---|---|---|
1476
Pinduoduo
PDD
$128B
| $20.3M | ﹤0.01% |
631,659
+47,858
| +8% | +$1.28M |
|
|
HTLF
1477
DELISTED
Heartland Financial USA, Inc.
HTLF
| $20.2M | ﹤0.01% |
452,227
+20,916
| +5% | +$933K |
|
1478
Yext
YEXT
$569M
| $20.2M | ﹤0.01% |
1,271,375
-36,710
| -3% | -$699K |
|
1479
Materion
MTRN
$4.45B
| $20.2M | ﹤0.01% |
329,035
+10,024
| +3% | +$622K |
|
1480
Matsons
MATX
$6.28B
| $20.2M | ﹤0.01% |
537,954
+7,700
| +1% | +$292K |
|
|
ONC
1481
BeOne Medicines Ltd
ONC
$32.6B
| $20.2M | ﹤0.01% |
166,470
+7,890
| +5% | +$1.05M |
|
1482
CNA Financial
CNA
$14.5B
| $20.1M | ﹤0.01% |
408,072
+130,118
| +47% | +$6.24M |
|
|
INN
1483
Summit Hotel Properties
INN
$749M
| $20.1M | ﹤0.01% |
1,732,238
+57,318
| +3% | +$655K |
|
|
WIRE
1484
DELISTED
Encore Wire Corp
WIRE
| $20M | ﹤0.01% |
356,201
+64,443
| +22% | +$3.57M |
|
1485
Corcept Therapeutics
CORT
$12.2B
| $20M | ﹤0.01% |
1,416,399
+31,927
| +2% | +$392K |
|
|
EGOV
1486
DELISTED
NIC Inc
EGOV
| $20M | ﹤0.01% |
966,329
+25,048
| +3% | +$490K |
|
1487
Newmark Group
NMRK
$2.72B
| $19.9M | ﹤0.01% |
2,198,115
+115,256
| +6% | +$1.07M |
|
1488
Gibraltar Industries
ROCK
$1.37B
| $19.9M | ﹤0.01% |
433,316
+5,762
| +1% | +$241K |
|
1489
Chesapeake Utilities
CPK
$3.21B
| $19.9M | ﹤0.01% |
208,432
+6,609
| +3% | +$618K |
|
1490
Kontoor Brands
KTB
$4.68B
| $19.9M | ﹤0.01% |
565,779
+8,927
| +2% | +$290K |
|
|
MNTV
1491
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $19.8M | ﹤0.01% |
1,159,206
+553,481
| +91% | +$9.64M |
|
1492
HNI Corp
HNI
$3.43B
| $19.8M | ﹤0.01% |
557,569
+10,070
| +2% | +$334K |
|
1493
HSBC
HSBC
$370B
| $19.8M | ﹤0.01% |
516,828
+4,865
| +1% | +$189K |
|
|
DENN
1494
DELISTED
Denny's
DENN
| $19.8M | ﹤0.01% |
868,160
+8,874
| +1% | +$199K |
|
|
MGLN
1495
DELISTED
Magellan Health Services, Inc.
MGLN
| $19.7M | ﹤0.01% |
317,595
-5,152
| -2% | -$343K |
|
|
CYBR
1496
DELISTED
CyberArk
CYBR
| $19.7M | ﹤0.01% |
197,672
-15,661
| -7% | -$1.89M |
|
1497
Eagle Bancorp
EGBN
$849M
| $19.7M | ﹤0.01% |
441,562
+11,787
| +3% | +$515K |
|
1498
BancFirst
BANF
$3.83B
| $19.6M | ﹤0.01% |
354,310
+6,268
| +2% | +$348K |
|
1499
Appian
APPN
$2.03B
| $19.6M | ﹤0.01% |
412,912
+27,864
| +7% | +$1.3M |
|
1500
Patterson-UTI
PTEN
$3.9B
| $19.6M | ﹤0.01% |
2,293,687
-71,591
| -3% | -$702K |
|
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.