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 | |
|---|---|---|---|---|---|---|
1626
CBIZ
CBZ
$2.99B
| $16M | ﹤0.01% |
679,871
+20,329
| +3% | +$457K |
|
|
VBTX
1627
DELISTED
Veritex Holdings
VBTX
| $15.9M | ﹤0.01% |
657,202
+18,097
| +3% | +$446K |
|
|
LNW
1628
DELISTED
Light & Wonder
LNW
| $15.9M | ﹤0.01% |
779,513
+14,127
| +2% | +$279K |
|
|
NXGN
1629
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $15.8M | ﹤0.01% |
1,011,186
+5,556
| +0.6% | +$92.4K |
|
1630
Methode Electronics
MEI
$499M
| $15.8M | ﹤0.01% |
470,371
+20,258
| +5% | +$614K |
|
1631
CorVel
CRVL
$3.09B
| $15.8M | ﹤0.01% |
626,370
-49,809
| -7% | -$1.42M |
|
|
MCRN
1632
DELISTED
Milacron Holdings Corp.
MCRN
| $15.7M | ﹤0.01% |
944,651
+79,849
| +9% | +$1.28M |
|
1633
Groupon
GRPN
$1.05B
| $15.7M | ﹤0.01% |
295,876
+13,095
| +5% | +$770K |
|
1634
Agnico Eagle Mines
AEM
$74.6B
| $15.7M | ﹤0.01% |
294,748
+31,646
| +12% | +$1.79M |
|
|
POLY
1635
DELISTED
Plantronics, Inc.
POLY
| $15.7M | ﹤0.01% |
419,845
+7,269
| +2% | +$247K |
|
1636
Piper Sandler
PIPR
$5.13B
| $15.6M | ﹤0.01% |
825,056
-7,476
| -0.9% | -$139K |
|
1637
Pathward Financial
CASH
$1.92B
| $15.5M | ﹤0.01% |
476,809
+61,367
| +15% | +$1.85M |
|
|
BRSP
1638
BrightSpire Capital
BRSP
$649M
| $15.5M | ﹤0.01% |
1,072,739
+30,373
| +3% | +$442K |
|
|
CATM
1639
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $15.5M | ﹤0.01% |
511,926
+4,085
| +0.8% | +$121K |
|
1640
Lakeland Financial Corp
LKFN
$1.56B
| $15.5M | ﹤0.01% |
351,810
+10,601
| +3% | +$469K |
|
1641
OceanFirst Financial
OCFC
$1.71B
| $15.4M | ﹤0.01% |
652,627
+21,505
| +3% | +$500K |
|
|
AQUA
1642
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $15.4M | ﹤0.01% |
903,694
+100,780
| +13% | +$1.51M |
|
1643
Oxford Industries
OXM
$568M
| $15.4M | ﹤0.01% |
214,470
+3,512
| +2% | +$247K |
|
1644
OFG Bancorp
OFG
$2.24B
| $15.3M | ﹤0.01% |
698,501
+19,284
| +3% | +$424K |
|
1645
Veracyte
VCYT
$3.61B
| $15.3M | ﹤0.01% |
637,258
+63,019
| +11% | +$1.68M |
|
1646
AeroVironment
AVAV
$8.06B
| $15.3M | ﹤0.01% |
285,429
+5,262
| +2% | +$289K |
|
1647
Southside Bancshares
SBSI
$972M
| $15.2M | ﹤0.01% |
446,317
+12,015
| +3% | +$399K |
|
1648
Zoom
ZM
$28.8B
| $15.2M | ﹤0.01% |
198,983
+17,194
| +9% | +$1.55M |
|
1649
Heartland Express
HTLD
$949M
| $15.1M | ﹤0.01% |
704,108
+33,280
| +5% | +$667K |
|
|
NTUS
1650
DELISTED
Natus Medical Inc
NTUS
| $15.1M | ﹤0.01% |
475,226
+16,115
| +4% | +$470K |
|
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.