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 | |
|---|---|---|---|---|---|---|
|
RVNC
2101
DELISTED
Revance Therapeutics, Inc.
RVNC
| $7.5M | ﹤0.01% |
577,256
+16,142
| +3% | +$197K |
|
|
EVRI
2102
DELISTED
Everi Holdings
EVRI
| $7.49M | ﹤0.01% |
885,786
+3,466
| +0.4% | +$35.5K |
|
2103
Clear Channel Outdoor Holdings
CCO
$1.23B
| $7.49M | ﹤0.01% |
2,971,966
+2,461,289
| +482% | +$7.72M |
|
2104
The Bancorp
TBBK
$2.96B
| $7.46M | ﹤0.01% |
753,931
+16,652
| +2% | +$158K |
|
|
TPIC
2105
DELISTED
TPI Composites
TPIC
| $7.45M | ﹤0.01% |
397,444
+89,529
| +29% | +$1.91M |
|
|
FFIC
2106
DELISTED
Flushing Financial
FFIC
| $7.44M | ﹤0.01% |
368,432
+5,100
| +1% | +$104K |
|
|
CIO
2107
DELISTED
City Office REIT
CIO
| $7.42M | ﹤0.01% |
515,780
+23,156
| +5% | +$302K |
|
2108
Globant
GLOB
$1.6B
| $7.42M | ﹤0.01% |
81,459
+4,747
| +6% | +$472K |
|
|
LORL
2109
DELISTED
Loral Space and Communications, Inc.
LORL
| $7.4M | ﹤0.01% |
178,827
+4,591
| +3% | +$172K |
|
2110
Axcelis
ACLS
$4.03B
| $7.38M | ﹤0.01% |
431,597
-11,212
| -3% | -$179K |
|
2111
Antero Resources
AR
$11.2B
| $7.36M | ﹤0.01% |
2,438,581
-1,261,998
| -34% | -$5.14M |
|
2112
Dime Commercial Bancshares
DCOM
$1.82B
| $7.34M | ﹤0.01% |
248,319
-5,848
| -2% | -$166K |
|
2113
NovaGold Resources
NG
$2.78B
| $7.34M | ﹤0.01% |
1,203,835
+89,903
| +8% | +$589K |
|
2114
Weis Markets
WMK
$1.94B
| $7.32M | ﹤0.01% |
191,945
+4,212
| +2% | +$160K |
|
2115
Bank of Marin Bancorp
BMRC
$474M
| $7.3M | ﹤0.01% |
176,024
+1,705
| +1% | +$71.7K |
|
2116
MYR Group
MYRG
$5.26B
| $7.3M | ﹤0.01% |
233,353
+6,632
| +3% | +$214K |
|
2117
CryoPort
CYRX
$781M
| $7.3M | ﹤0.01% |
446,144
+43,113
| +11% | +$864K |
|
|
FLIC
2118
DELISTED
First of Long Island Corp
FLIC
| $7.29M | ﹤0.01% |
320,480
+5,228
| +2% | +$115K |
|
2119
Ichor Holdings
ICHR
$2.48B
| $7.29M | ﹤0.01% |
301,458
+11,009
| +4% | +$260K |
|
2120
PC Connection
CNXN
$2.16B
| $7.28M | ﹤0.01% |
187,207
+1,628
| +0.9% | +$57.9K |
|
|
QTS.PRB
2121
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
| – | – |
0
| – | – |
|
|
LGF.A
2122
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $7.28M | ﹤0.01% |
786,910
+137,155
| +21% | +$1.56M |
|
2123
Grocery Outlet
GO
$964M
| $7.27M | ﹤0.01% |
+209,518
| New | +$7.95M |
|
2124
Independent Bank Corp
IBCP
$793M
| $7.25M | ﹤0.01% |
340,388
+24,536
| +8% | +$511K |
|
|
ACHN
2125
DELISTED
Achillion Pharmaceuticals
ACHN
| $7.25M | ﹤0.01% |
2,013,693
+153,542
| +8% | +$592K |
|
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.