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 |
Amazon
AMZN
|
+$259M |
| 2 |
Marathon Petroleum
MPC
|
+$187M |
| 3 |
Microsoft
MSFT
|
+$155M |
| 4 |
Salesforce
CRM
|
+$141M |
| 5 |
Williams Companies
WMB
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$503M |
| 2 |
ANDV
Andeavor
ANDV
|
+$240M |
| 3 |
GGP
GGP Inc.
GGP
|
+$177M |
| 4 |
XL
XL Group Ltd.
XL
|
+$170M |
| 5 |
Spectrum Brands
SPB
|
+$98.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.64% |
| 2 | Financials | 15.33% |
| 3 | Healthcare | 14.16% |
| 4 | Consumer Discretionary | 10.41% |
| 5 | Industrials | 9.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2551
Farmers & Merchants Bancorp
FMAO
$484M
| $3.53M | ﹤0.01% |
82,827
+4,536
| +6% | +$201K |
|
2552
Novartis
NVS
$290B
| $3.52M | ﹤0.01% |
45,651
+3,116
| +7% | +$230K |
|
|
CAI
2553
DELISTED
CAI International, Inc.
CAI
| $3.51M | ﹤0.01% |
153,321
+3,974
| +3% | +$97K |
|
2554
SIGA Technologies
SIGA
$206M
| $3.49M | ﹤0.01% |
506,048
+18,097
| +4% | +$133K |
|
2555
SFL Corp
SFL
$1.57B
| $3.48M | ﹤0.01% |
250,164
+31,884
| +15% | +$459K |
|
2556
Essential Properties Realty Trust
EPRT
$6.62B
| $3.47M | ﹤0.01% |
+244,818
| New | +$3.44M |
|
|
EVOP
2557
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $3.47M | ﹤0.01% |
+145,295
| New | +$3.31M |
|
|
ARA
2558
DELISTED
American Renal Associates Holdings, Inc
ARA
| $3.47M | ﹤0.01% |
160,367
+36,043
| +29% | +$682K |
|
2559
Intrepid Potash
IPI
$490M
| $3.47M | ﹤0.01% |
96,560
+3,611
| +4% | +$132K |
|
|
CATC
2560
DELISTED
CAMBRIDGE BANCORP
CATC
| $3.46M | ﹤0.01% |
38,450
+16,053
| +72% | +$1.44M |
|
2561
Beazer Homes USA
BZH
$874M
| $3.45M | ﹤0.01% |
328,748
-55,653
| -14% | -$732K |
|
2562
Ooma
OOMA
$553M
| $3.45M | ﹤0.01% |
207,789
+14,785
| +8% | +$237K |
|
|
MRNS
2563
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $3.45M | ﹤0.01% |
86,204
+18,696
| +28% | +$532K |
|
2564
Heritage Insurance Holdings
HRTG
$980M
| $3.43M | ﹤0.01% |
231,683
+4,531
| +2% | +$71.5K |
|
|
CDMO
2565
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $3.43M | ﹤0.01% |
500,087
+33,444
| +7% | +$198K |
|
2566
McEwen Inc
MUX
$1.18B
| $3.42M | ﹤0.01% |
176,352
+5,804
| +3% | +$122K |
|
2567
Citizens
CIA
$199M
| $3.41M | ﹤0.01% |
406,142
+20,577
| +5% | +$165K |
|
|
GLDD
2568
DELISTED
Great Lakes Dredge & Dock
GLDD
| $3.41M | ﹤0.01% |
550,281
+28,918
| +6% | +$161K |
|
2569
Inspire Medical Systems
INSP
$1.68B
| $3.41M | ﹤0.01% |
81,063
+2,728
| +3% | +$128K |
|
|
ZIXI
2570
DELISTED
Zix Corporation
ZIXI
| $3.4M | ﹤0.01% |
612,805
+12,431
| +2% | +$68.9K |
|
|
TECX
2571
Tectonic Therapeutic
TECX
$720M
| $3.4M | ﹤0.01% |
+5,456
| New | +$2.42M |
|
|
AVEO
2572
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $3.39M | ﹤0.01% |
102,325
+4,471
| +5% | +$115K |
|
|
CETV
2573
DELISTED
Central European Media Enterprises Ltd
CETV
| $3.38M | ﹤0.01% |
902,692
+38,451
| +4% | +$145K |
|
|
VNTR
2574
DELISTED
Venator Materials PLC
VNTR
| $3.37M | ﹤0.01% |
374,684
+36,003
| +11% | +$465K |
|
2575
Gogo Inc
GOGO
$383M
| $3.37M | ﹤0.01% |
648,757
+23,038
| +4% | +$102K |
|
Similar funds
Geode Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Geode Capital Management held 4,213 positions worth $355B, up 9.1% from $325B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management's Q3 2018 filing shows 147 new, 3,044 increased, 474 reduced and 91 closed positions. Its largest new stake was KKR & Co: 3,466,090 shares worth $94.5M. The largest sale was Apple, an estimated $503M.
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 2018 buy was KKR & Co: 3,466,090 shares worth $94.5M.
- Geode Capital Management added most to Amazon in Q3 2018, an estimated $259M increase.
- Geode Capital Management's biggest Q3 2018 reduction was Apple, cutting an estimated $503M.
- Geode Capital Management fully exited GGP Inc. in Q3 2018, selling an estimated $177M.
- Geode Capital Management's ten largest holdings make up 18% of its $355B portfolio in Q3 2018.
- Geode Capital Management opened 147 new positions and closed 91 in Q3 2018.
- Geode Capital Management's portfolio value rose 9.1% quarter-over-quarter to $355B.
Based on Geode Capital Management's 13F filing for Q3 2018, filed 13 Nov 2018.