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 | |
|---|---|---|---|---|---|---|
1501
Champion Homes
SKY
$4.44B
| $19.6M | ﹤0.01% |
651,678
+39,028
| +6% | +$1.13M |
|
|
SAIL
1502
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $19.6M | ﹤0.01% |
1,047,690
+153,554
| +17% | +$3.26M |
|
|
SYKE
1503
DELISTED
SYKES Enterprises Inc
SYKE
| $19.5M | ﹤0.01% |
636,427
-45,045
| -7% | -$1.3M |
|
|
ADAM
1504
Adamas Trust
ADAM
$848M
| $19.4M | ﹤0.01% |
797,355
+160,339
| +25% | +$3.95M |
|
1505
Axos Financial
AX
$5.9B
| $19.4M | ﹤0.01% |
702,122
+20,652
| +3% | +$556K |
|
1506
Advanced Drainage Systems
WMS
$11.1B
| $19.3M | ﹤0.01% |
598,084
+63,597
| +12% | +$2.06M |
|
|
PINC
1507
DELISTED
Premier
PINC
| $19.3M | ﹤0.01% |
666,960
+87,704
| +15% | +$3.27M |
|
1508
Granite Construction
GVA
$5.43B
| $19.2M | ﹤0.01% |
598,555
+18,175
| +3% | +$630K |
|
|
ARCH
1509
DELISTED
Arch Resources, Inc.
ARCH
| $19.2M | ﹤0.01% |
259,190
-16,917
| -6% | -$1.37M |
|
|
RTL
1510
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $19.2M | ﹤0.01% |
1,377,559
+389,046
| +39% | +$4.73M |
|
1511
Antero Midstream
AM
$10.4B
| $19.2M | ﹤0.01% |
2,590,872
+310,488
| +14% | +$2.68M |
|
|
AMWD
1512
DELISTED
American Woodmark
AMWD
| $19.1M | ﹤0.01% |
215,054
+15,845
| +8% | +$1.31M |
|
1513
Resideo Technologies
REZI
$5.49B
| $19.1M | ﹤0.01% |
1,331,827
+47,885
| +4% | +$803K |
|
1514
Huron Consulting
HURN
$2.39B
| $19.1M | ﹤0.01% |
311,396
+9,879
| +3% | +$577K |
|
1515
Supernus Pharmaceuticals
SUPN
$2.67B
| $19.1M | ﹤0.01% |
695,085
+19,319
| +3% | +$572K |
|
|
ECOL
1516
DELISTED
US Ecology, Inc.
ECOL
| $19.1M | ﹤0.01% |
298,701
+4,110
| +1% | +$254K |
|
1517
Enviri
NVRI
$651M
| $19.1M | ﹤0.01% |
1,005,912
+24,253
| +2% | +$514K |
|
1518
B&G Foods
BGS
$290M
| $19.1M | ﹤0.01% |
1,007,893
+198,103
| +24% | +$3.8M |
|
|
MTOR
1519
DELISTED
MERITOR, Inc.
MTOR
| $19M | ﹤0.01% |
1,028,839
+22,862
| +2% | +$463K |
|
1520
Agios Pharmaceuticals
AGIO
$1.82B
| $19M | ﹤0.01% |
587,048
+7,091
| +1% | +$294K |
|
|
FSCT
1521
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $19M | ﹤0.01% |
501,314
+20,737
| +4% | +$758K |
|
1522
AMERISAFE
AMSF
$564M
| $18.9M | ﹤0.01% |
285,606
+27,272
| +11% | +$1.81M |
|
1523
eHealth
EHTH
$43.8M
| $18.8M | ﹤0.01% |
281,682
+10,176
| +4% | +$918K |
|
1524
Dave & Buster's
PLAY
$403M
| $18.8M | ﹤0.01% |
482,846
+6,350
| +1% | +$256K |
|
1525
FormFactor
FORM
$8.48B
| $18.8M | ﹤0.01% |
1,007,260
+1,853
| +0.2% | +$31.7K |
|
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.