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 | |
|---|---|---|---|---|---|---|
2401
CytomX Therapeutics
CTMX
$716M
| $4.55M | ﹤0.01% |
617,046
+18,055
| +3% | +$178K |
|
|
PENG
2402
Penguin Solutions Inc
PENG
$2.99B
| $4.54M | ﹤0.01% |
356,008
+25,168
| +8% | +$365K |
|
2403
Quad
QUAD
$547M
| $4.52M | ﹤0.01% |
430,009
-176,281
| -29% | -$1.65M |
|
2404
West Bancorporation
WTBA
$487M
| $4.51M | ﹤0.01% |
207,430
-13,309
| -6% | -$282K |
|
|
GNMK
2405
DELISTED
GenMark Diagnostics, Inc
GNMK
| $4.49M | ﹤0.01% |
741,289
+19,129
| +3% | +$119K |
|
|
EGIO
2406
DELISTED
Edgio, Inc. Common Stock
EGIO
| $4.49M | ﹤0.01% |
37,056
+618
| +2% | +$65.2K |
|
|
DO
2407
DELISTED
Diamond Offshore Drilling
DO
| $4.49M | ﹤0.01% |
807,181
+19,598
| +2% | +$143K |
|
2408
Bar Harbor Bankshares
BHB
$685M
| $4.48M | ﹤0.01% |
179,846
+3,421
| +2% | +$81.7K |
|
2409
MarineMax
HZO
$800M
| $4.47M | ﹤0.01% |
288,864
+16,864
| +6% | +$258K |
|
2410
Vermilion Energy
VET
$1.69B
| $4.47M | ﹤0.01% |
256,436
+29,597
| +13% | +$514K |
|
|
XRN
2411
Chiron Real Estate Inc
XRN
$467M
| $4.47M | ﹤0.01% |
78,415
+2,579
| +3% | +$139K |
|
2412
Artesian Resources
ARTNA
$350M
| $4.46M | ﹤0.01% |
120,448
-9,775
| -8% | -$353K |
|
2413
Century Aluminum
CENX
$4.71B
| $4.44M | ﹤0.01% |
669,701
+6,927
| +1% | +$45.9K |
|
2414
Old Second Bancorp
OSBC
$1.33B
| $4.44M | ﹤0.01% |
363,531
+6,870
| +2% | +$85.1K |
|
2415
NVE Corp
NVEC
$614M
| $4.44M | ﹤0.01% |
66,890
+1,768
| +3% | +$120K |
|
|
ADVM
2416
DELISTED
Adverum Biotechnologies
ADVM
| $4.43M | ﹤0.01% |
81,294
+346
| +0.4% | +$39K |
|
2417
Bank First Corp
BFC
$1.74B
| $4.43M | ﹤0.01% |
66,945
+39,456
| +144% | +$2.4M |
|
2418
Clearwater Paper
CLW
$369M
| $4.43M | ﹤0.01% |
209,590
+9,441
| +5% | +$168K |
|
2419
Ezcorp Inc
EZPW
$1.92B
| $4.42M | ﹤0.01% |
685,474
+8,227
| +1% | +$70.4K |
|
|
ORC
2420
Orchid Island Capital
ORC
$1.29B
| $4.42M | ﹤0.01% |
153,882
+27,158
| +21% | +$824K |
|
|
PLYA
2421
DELISTED
Playa Hotels & Resorts
PLYA
| $4.4M | ﹤0.01% |
562,520
+44
| +0% | +$337 |
|
2422
AstraZeneca
AZN
$242B
| $4.37M | ﹤0.01% |
49,066
+24,208
| +97% | +$2.1M |
|
2423
Rigel Pharmaceuticals
RIGL
$723M
| $4.37M | ﹤0.01% |
233,587
+2,371
| +1% | +$49K |
|
|
MDLA
2424
DELISTED
Medallia, Inc.
MDLA
| $4.36M | ﹤0.01% |
+158,800
| New | +$5.63M |
|
2425
Angi Inc
ANGI
$247M
| $4.34M | ﹤0.01% |
61,252
+9,360
| +18% | +$960K |
|
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.