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 | |
|---|---|---|---|---|---|---|
|
HA
1601
DELISTED
Hawaiian Holdings, Inc.
HA
| $16.7M | ﹤0.01% |
635,979
+9,887
| +2% | +$260K |
|
1602
Mercury Insurance
MCY
$5.94B
| $16.7M | ﹤0.01% |
298,400
+8,720
| +3% | +$499K |
|
|
CTB
1603
DELISTED
Cooper Tire & Rubber Co.
CTB
| $16.7M | ﹤0.01% |
638,266
+15,871
| +3% | +$422K |
|
1604
National Healthcare
NHC
$3.48B
| $16.7M | ﹤0.01% |
203,622
-8,535
| -4% | -$707K |
|
|
SASR
1605
DELISTED
Sandy Spring Bancorp Inc
SASR
| $16.6M | ﹤0.01% |
492,118
+22,447
| +5% | +$778K |
|
1606
Core Laboratories
CLB
$491M
| $16.5M | ﹤0.01% |
354,473
+13,414
| +4% | +$624K |
|
1607
Helios Technologies
HLIO
$2.65B
| $16.5M | ﹤0.01% |
405,514
+6,715
| +2% | +$292K |
|
|
INST
1608
DELISTED
Instructure, Inc.
INST
| $16.4M | ﹤0.01% |
424,481
+20,162
| +5% | +$822K |
|
1609
JELD-WEN Holding
JELD
$124M
| $16.4M | ﹤0.01% |
847,685
+27,412
| +3% | +$530K |
|
1610
Penske Automotive Group
PAG
$14.3B
| $16.4M | ﹤0.01% |
345,822
-30,543
| -8% | -$1.38M |
|
1611
Regenxbio
RGNX
$638M
| $16.3M | ﹤0.01% |
458,093
+25,802
| +6% | +$1.05M |
|
1612
Children's Place
PLCE
$56.3M
| $16.3M | ﹤0.01% |
211,584
+3,412
| +2% | +$301K |
|
|
GCI
1613
DELISTED
Gannett Co., Inc
GCI
| $16.3M | ﹤0.01% |
1,514,156
+144,349
| +11% | +$1.43M |
|
1614
Papa John's
PZZA
$1.02B
| $16.2M | ﹤0.01% |
309,967
+5,023
| +2% | +$237K |
|
|
STMP
1615
DELISTED
Stamps.com, Inc.
STMP
| $16.2M | ﹤0.01% |
217,886
-2,065
| -0.9% | -$121K |
|
|
BBT
1616
Beacon Financial Corp
BBT
$2.69B
| $16.2M | ﹤0.01% |
553,604
-16,535
| -3% | -$503K |
|
1617
Tennant Co
TNC
$1.46B
| $16.2M | ﹤0.01% |
229,124
+4,000
| +2% | +$271K |
|
1618
CVR Energy
CVI
$3.31B
| $16.2M | ﹤0.01% |
367,417
+4,002
| +1% | +$186K |
|
1619
DNOW Inc
DNOW
$2.6B
| $16.2M | ﹤0.01% |
1,408,456
+52,961
| +4% | +$654K |
|
|
INOV
1620
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $16.1M | ﹤0.01% |
982,788
+25,551
| +3% | +$408K |
|
1621
Kforce
KFRC
$1.03B
| $16.1M | ﹤0.01% |
425,389
-34,468
| -7% | -$1.19M |
|
|
BRKL
1622
DELISTED
Brookline Bancorp
BRKL
| $16.1M | ﹤0.01% |
1,090,877
+19,853
| +2% | +$288K |
|
1623
Green Dot
GDOT
$754M
| $16.1M | ﹤0.01% |
636,199
+23,385
| +4% | +$866K |
|
1624
TTM Technologies
TTMI
$12.6B
| $16M | ﹤0.01% |
1,315,832
+41,081
| +3% | +$441K |
|
|
RDUS
1625
DELISTED
Radius Health, Inc.
RDUS
| $16M | ﹤0.01% |
622,610
+30,144
| +5% | +$739K |
|
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.