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 | |
|---|---|---|---|---|---|---|
|
MDP
1526
DELISTED
Meredith Corporation
MDP
| $18.8M | ﹤0.01% |
511,614
+17,044
| +3% | +$793K |
|
1527
Medifast
MED
$108M
| $18.7M | ﹤0.01% |
180,885
-150
| -0.1% | -$16.1K |
|
1528
M/I Homes
MHO
$3.8B
| $18.7M | ﹤0.01% |
496,468
+61,790
| +14% | +$2.13M |
|
1529
TriMas Corp
TRS
$1.45B
| $18.7M | ﹤0.01% |
609,600
+4,455
| +0.7% | +$135K |
|
|
RDFN
1530
DELISTED
Redfin
RDFN
| $18.6M | ﹤0.01% |
1,106,924
+110,683
| +11% | +$1.95M |
|
1531
Melco Resorts & Entertainment
MLCO
$2.17B
| $18.6M | ﹤0.01% |
970,740
+46,497
| +5% | +$1.01M |
|
1532
Gentherm
THRM
$1.28B
| $18.6M | ﹤0.01% |
453,159
+3,132
| +0.7% | +$124K |
|
1533
Provident Financial Services
PFS
$3.28B
| $18.6M | ﹤0.01% |
757,701
-17,988
| -2% | -$437K |
|
|
DOOR
1534
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $18.6M | ﹤0.01% |
320,368
-3,328
| -1% | -$177K |
|
1535
Ironwood Pharmaceuticals
IRWD
$728M
| $18.6M | ﹤0.01% |
2,161,004
+36,904
| +2% | +$359K |
|
1536
BCE
BCE
$20.3B
| $18.5M | ﹤0.01% |
344,675
+338,597
| +5,571% | +$15.8M |
|
1537
AppFolio
APPF
$6.79B
| $18.5M | ﹤0.01% |
194,645
+16,125
| +9% | +$1.6M |
|
1538
Central Garden & Pet Co Class A
CENTA
$2.39B
| $18.5M | ﹤0.01% |
834,848
-23,428
| -3% | -$466K |
|
1539
Red Rock Resorts
RRR
$3.84B
| $18.5M | ﹤0.01% |
911,885
+26,143
| +3% | +$546K |
|
|
BBBY
1540
DELISTED
Bed Bath & Beyond Inc
BBBY
| $18.5M | ﹤0.01% |
1,739,167
-154,950
| -8% | -$1.5M |
|
1541
Clearway Energy Class C
CWEN
$4.99B
| $18.5M | ﹤0.01% |
1,012,418
-3,429
| -0.3% | -$60.7K |
|
|
BEAT
1542
DELISTED
BioTelemetry, Inc.
BEAT
| $18.4M | ﹤0.01% |
451,650
+12,533
| +3% | +$541K |
|
|
ALDR
1543
DELISTED
Alder Biopharmaceuticals
ALDR
| $18.3M | ﹤0.01% |
969,950
+25,606
| +3% | +$293K |
|
1544
Employers Holdings
EIG
$910M
| $18.3M | ﹤0.01% |
419,670
+12,489
| +3% | +$542K |
|
1545
Orthofix Medical
OFIX
$496M
| $18.2M | ﹤0.01% |
344,186
+1,582
| +0.5% | +$81.6K |
|
|
CBLK
1546
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $18.2M | ﹤0.01% |
700,390
+51,334
| +8% | +$1.13M |
|
1547
MaxLinear
MXL
$6.09B
| $18.2M | ﹤0.01% |
812,292
+22,733
| +3% | +$503K |
|
|
KRA
1548
DELISTED
Kraton Corporation
KRA
| $18.2M | ﹤0.01% |
563,011
+12,211
| +2% | +$365K |
|
|
WTRU
1549
DELISTED
Essential Utilities, Inc.6.00% Tangible Equity Units
WTRU
| – | – |
0
| – | – |
|
|
ILPT
1550
Industrial Logistics Properties Trust
ILPT
$584M
| $18.1M | ﹤0.01% |
851,416
-49,615
| -6% | -$1.06M |
|
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.