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 | |
|---|---|---|---|---|---|---|
2326
Movado Group
MOV
$877M
| $5.21M | ﹤0.01% |
209,594
+8,597
| +4% | +$213K |
|
2327
Novartis
NVS
$291B
| $5.21M | ﹤0.01% |
59,951
+12,443
| +26% | +$1.12M |
|
|
HCCI
2328
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $5.2M | ﹤0.01% |
196,370
+4,871
| +3% | +$127K |
|
2329
Global Industrial
GIC
$1.42B
| $5.19M | ﹤0.01% |
235,725
+10,456
| +5% | +$218K |
|
2330
Carter Bankshares
CARE
$791M
| $5.18M | ﹤0.01% |
274,051
+60,001
| +28% | +$1.16M |
|
|
CAMP
2331
DELISTED
CalAmp Corp.
CAMP
| $5.17M | ﹤0.01% |
19,532
-1,595
| -8% | -$393K |
|
|
EXTN
2332
DELISTED
Exterran Corporation
EXTN
| $5.13M | ﹤0.01% |
393,054
+11,741
| +3% | +$142K |
|
|
BSTC
2333
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $5.13M | ﹤0.01% |
95,840
-3,212
| -3% | -$187K |
|
2334
VEON
VEON
$3.77B
| $5.09M | ﹤0.01% |
84,875
+17,068
| +25% | +$1.17M |
|
2335
Mercer International
MERC
$46.9M
| $5.07M | ﹤0.01% |
404,407
-31,530
| -7% | -$398K |
|
2336
Oppenheimer Holdings
OPY
$1.27B
| $5.06M | ﹤0.01% |
168,376
-10,649
| -6% | -$306K |
|
2337
W&T Offshore
WTI
$510M
| $5.06M | ﹤0.01% |
1,157,919
-888,416
| -43% | -$4.06M |
|
2338
Logitech
LOGI
$15.6B
| $5.06M | ﹤0.01% |
124,133
-784
| -0.6% | -$31.5K |
|
2339
Vishay Precision Group
VPG
$1.35B
| $5.06M | ﹤0.01% |
154,486
+11,549
| +8% | +$412K |
|
|
TBIO
2340
DELISTED
Translate Bio, Inc. Common Stock
TBIO
| $5.04M | ﹤0.01% |
509,004
+114,060
| +29% | +$1.08M |
|
2341
Sierra Bancorp
BSRR
$527M
| $5.04M | ﹤0.01% |
189,660
+9,373
| +5% | +$241K |
|
|
WNS
2342
DELISTED
WNS Holdings
WNS
| $5.04M | ﹤0.01% |
85,713
-3,684
| -4% | -$225K |
|
|
DX
2343
Dynex Capital
DX
$3.17B
| $5.02M | ﹤0.01% |
339,847
+30,337
| +10% | +$474K |
|
2344
Omega Flex
OFLX
$311M
| $5.01M | ﹤0.01% |
48,975
-1,027
| -2% | -$85.2K |
|
2345
Community Health Systems
CYH
$417M
| $5M | ﹤0.01% |
1,390,124
+13,017
| +0.9% | +$33.9K |
|
2346
Insteel Industries
IIIN
$638M
| $5M | ﹤0.01% |
243,652
+3,912
| +2% | +$77.8K |
|
2347
Krystal Biotech
KRYS
$9.66B
| $4.98M | ﹤0.01% |
143,396
+23,629
| +20% | +$1.06M |
|
|
AHT
2348
Ashford Hospitality Trust
AHT
$20.8M
| $4.97M | ﹤0.01% |
1,519
+32
| +2% | +$89.4K |
|
2349
Digi International
DGII
$2.73B
| $4.96M | ﹤0.01% |
364,062
+1,359
| +0.4% | +$17.9K |
|
|
JCAP
2350
DELISTED
Jernigan Capital, Inc.
JCAP
| $4.96M | ﹤0.01% |
257,579
+10,877
| +4% | +$215K |
|
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.