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 | |
|---|---|---|---|---|---|---|
|
ZIONW
1576
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $17.3M | ﹤0.01% |
1,513,146
-52,858
| -3% | -$567K |
|
1577
CNX Resources
CNX
$5.33B
| $17.2M | ﹤0.01% |
2,370,992
-108,488
| -4% | -$812K |
|
1578
Dine Brands
DIN
$458M
| $17.2M | ﹤0.01% |
226,745
+4,163
| +2% | +$341K |
|
1579
Upbound Group
UPBD
$1.13B
| $17.2M | ﹤0.01% |
665,372
+8,538
| +1% | +$224K |
|
|
MNR
1580
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $17.1M | ﹤0.01% |
1,189,560
+43,793
| +4% | +$600K |
|
1581
O-I Glass
OI
$1.1B
| $17.1M | ﹤0.01% |
1,667,838
+28,672
| +2% | +$370K |
|
1582
Cactus
WHD
$5.21B
| $17.1M | ﹤0.01% |
591,144
+22,376
| +4% | +$646K |
|
1583
Parsons
PSN
$4.72B
| $17.1M | ﹤0.01% |
518,206
+134,890
| +35% | +$4.81M |
|
1584
Heron Therapeutics
HRTX
$96.8M
| $17.1M | ﹤0.01% |
922,225
+25,145
| +3% | +$463K |
|
|
HTZ
1585
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $17M | ﹤0.01% |
1,230,976
+63,481
| +5% | +$894K |
|
|
ALTR
1586
DELISTED
Altair Engineering Inc
ALTR
| $17M | ﹤0.01% |
491,315
+81,359
| +20% | +$3.03M |
|
1587
Cimpress
CMPR
$2.4B
| $17M | ﹤0.01% |
128,628
+2,777
| +2% | +$305K |
|
1588
S&T Bancorp
STBA
$1.84B
| $17M | ﹤0.01% |
464,240
+2,972
| +0.6% | +$108K |
|
|
CCC.WS
1589
DELISTED
Clarivate Analytics Plc Warrants, each to purchase one Ordinary Share
CCC.WS
| $16.9M | ﹤0.01% |
2,877,650
+657,000
| +30% | +$3.68M |
|
|
SNBR
1590
DELISTED
Sleep Number
SNBR
| $16.9M | ﹤0.01% |
409,909
+3,796
| +0.9% | +$163K |
|
1591
Pinterest
PINS
$13.4B
| $16.9M | ﹤0.01% |
638,935
+4,940
| +0.8% | +$148K |
|
1592
Cal-Maine
CALM
$4.08B
| $16.9M | ﹤0.01% |
422,920
+14,095
| +3% | +$586K |
|
1593
First Busey Corp
BUSE
$2.6B
| $16.9M | ﹤0.01% |
667,705
+26,580
| +4% | +$681K |
|
|
PRFT
1594
DELISTED
Perficient Inc
PRFT
| $16.9M | ﹤0.01% |
437,169
+5,467
| +1% | +$198K |
|
1595
Park National Corp
PRK
$3.76B
| $16.8M | ﹤0.01% |
177,666
+14
| +0% | +$1.32K |
|
|
BOLD
1596
DELISTED
Audentes Therapeutics, Inc
BOLD
| $16.8M | ﹤0.01% |
598,705
+85,321
| +17% | +$2.91M |
|
1597
Strategy Inc
MSTR
$34.7B
| $16.7M | ﹤0.01% |
1,128,440
+10,430
| +0.9% | +$143K |
|
|
ATRI
1598
DELISTED
Atrion Corp
ATRI
| $16.7M | ﹤0.01% |
21,482
+325
| +2% | +$252K |
|
|
ATSG
1599
DELISTED
Air Transport Services Group
ATSG
| $16.7M | ﹤0.01% |
795,975
+20,287
| +3% | +$443K |
|
1600
First Commonwealth Financial
FCF
$2.2B
| $16.7M | ﹤0.01% |
1,257,715
+39,045
| +3% | +$506K |
|
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.