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 | |
|---|---|---|---|---|---|---|
551
Macerich
MAC
$6.9B
| $94M | 0.03% |
1,702,153
+72,464
| +4% | +$4.17M |
|
|
JWN
552
DELISTED
Nordstrom
JWN
| $93.8M | 0.03% |
1,570,214
-110,727
| -7% | -$6.34M |
|
553
Fortune Brands Innovations
FBIN
$5.73B
| $93.5M | 0.03% |
2,093,134
+100
| +0% | +$4.7K |
|
|
QVCGA
554
DELISTED
QVC Group Inc Series A
QVCGA
| $92.8M | 0.03% |
86,138
-3,503
| -4% | -$3.68M |
|
555
Affiliated Managers Group
AMG
$9.6B
| $92.4M | 0.03% |
677,186
+46,111
| +7% | +$6.81M |
|
|
PBCT
556
DELISTED
People's United Financial Inc
PBCT
| $91.5M | 0.03% |
5,354,287
-26,844
| -0.5% | -$491K |
|
|
Y
557
DELISTED
Alleghany Corp
Y
| $91.4M | 0.03% |
140,168
+340
| +0.2% | +$213K |
|
558
Xerox
XRX
$427M
| $91.4M | 0.03% |
3,390,288
+305,583
| +10% | +$8.08M |
|
559
Reinsurance Group of America
RGA
$15.8B
| $90.9M | 0.03% |
629,347
+8,290
| +1% | +$1.17M |
|
560
Lamb Weston
LW
$7.12B
| $90.8M | 0.03% |
1,363,178
-41,400
| -3% | -$2.84M |
|
561
SEI Investments
SEIC
$12.6B
| $90.8M | 0.03% |
1,486,450
+29,588
| +2% | +$1.83M |
|
562
Flowserve
FLS
$10.1B
| $90.7M | 0.03% |
1,661,050
+46,779
| +3% | +$2.27M |
|
563
NVR
NVR
$16.8B
| $90.6M | 0.03% |
36,701
+1,435
| +4% | +$3.96M |
|
564
Factset
FDS
$10.1B
| $90.5M | 0.03% |
404,386
+45,169
| +13% | +$9.8M |
|
|
FL
565
DELISTED
Foot Locker
FL
| $90.2M | 0.03% |
1,771,057
+12,131
| +0.7% | +$601K |
|
|
EXAS
566
DELISTED
Exact Sciences
EXAS
| $89.1M | 0.03% |
1,128,712
+13,642
| +1% | +$890K |
|
|
AZPN
567
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $88.7M | 0.03% |
778,739
+63,500
| +9% | +$7.23M |
|
568
Pultegroup
PHM
$24.8B
| $88.5M | 0.03% |
3,580,931
-386,320
| -10% | -$11M |
|
569
Steris
STE
$23.3B
| $88.5M | 0.02% |
773,207
+17,744
| +2% | +$2.01M |
|
570
Rollins
ROL
$17.9B
| $87.5M | 0.02% |
3,248,906
+895,102
| +38% | +$23.1M |
|
|
SPR
571
DELISTED
Spirit AeroSystems
SPR
| $87.5M | 0.02% |
955,035
-81,830
| -8% | -$7.19M |
|
572
Bath & Body Works
BBWI
$3.89B
| $87.2M | 0.02% |
3,565,079
+62,457
| +2% | +$1.56M |
|
573
Leggett & Platt
LEG
$1.29B
| $86M | 0.02% |
1,968,039
+105,708
| +6% | +$4.75M |
|
574
Tyler Technologies
TYL
$13B
| $85.4M | 0.02% |
348,359
+38,516
| +12% | +$9.16M |
|
575
Allison Transmission
ALSN
$10.3B
| $84.8M | 0.02% |
1,629,602
-444,761
| -21% | -$20.9M |
|
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.