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 | |
|---|---|---|---|---|---|---|
|
MDRX
1051
DELISTED
Veradigm Inc. Common Stock
MDRX
| $33.4M | 0.01% |
2,346,557
+273,782
| +13% | +$3.72M |
|
|
MZTI
1052
The Marzetti Company
MZTI
$3.15B
| $33.3M | 0.01% |
223,238
+15,085
| +7% | +$2.25M |
|
1053
Nutanix
NTNX
$17.4B
| $33.3M | 0.01% |
779,056
+18,019
| +2% | +$951K |
|
1054
Korn Ferry
KFY
$4.25B
| $33.2M | 0.01% |
674,917
+142,022
| +27% | +$8.75M |
|
1055
Telephone and Data Systems
TDS
$3.84B
| $33.1M | 0.01% |
1,086,647
+156,062
| +17% | +$4.45M |
|
1056
Keurig Dr Pepper
KDP
$39.7B
| $33M | 0.01% |
1,426,171
-386,418
| -21% | -$12.2M |
|
1057
Boston Beer
SAM
$1.85B
| $33M | 0.01% |
114,826
+3,306
| +3% | +$993K |
|
1058
Sprouts Farmers Market
SFM
$7.87B
| $33M | 0.01% |
1,204,384
+43,515
| +4% | +$1.07M |
|
1059
Range Resources
RRC
$9.5B
| $33M | 0.01% |
1,942,384
-65,709
| -3% | -$1.05M |
|
1060
Chegg
CHGG
$92.8M
| $32.9M | 0.01% |
1,158,913
+324,973
| +39% | +$9.68M |
|
1061
Diamondrock Hospitality Co
DRH
$2.46B
| $32.9M | 0.01% |
2,816,426
+289,734
| +11% | +$3.45M |
|
|
BDN
1062
Brandywine Realty Trust
BDN
$534M
| $32.8M | 0.01% |
2,088,491
+127,054
| +6% | +$2.1M |
|
|
SAVE
1063
DELISTED
Spirit Airlines, Inc.
SAVE
| $32.6M | 0.01% |
695,107
+43,841
| +7% | +$1.94M |
|
1064
Pebblebrook Hotel Trust
PEB
$2.01B
| $32.6M | 0.01% |
895,750
+82,484
| +10% | +$3.15M |
|
1065
PENN Entertainment
PENN
$2.57B
| $32.6M | 0.01% |
988,828
+63,614
| +7% | +$2.12M |
|
1066
Avista
AVA
$3.22B
| $32.5M | 0.01% |
642,058
+29,687
| +5% | +$1.52M |
|
1067
Steven Madden
SHOO
$3.53B
| $32.4M | 0.01% |
919,545
+47,607
| +5% | +$1.77M |
|
|
CSOD
1068
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $32.4M | 0.01% |
571,421
+24,349
| +4% | +$1.31M |
|
|
VNE
1069
DELISTED
Veoneer, Inc.
VNE
| $32.4M | 0.01% |
+588,658
| New | +$30.3M |
|
1070
Hyatt Hotels
H
$16.3B
| $32.4M | 0.01% |
406,815
-36,289
| -8% | -$2.85M |
|
|
ESGR
1071
DELISTED
Enstar Group
ESGR
| $32.4M | 0.01% |
155,231
+33,871
| +28% | +$7.19M |
|
1072
Caesars Entertainment
CZR
$6.06B
| $32.3M | 0.01% |
664,726
+54,187
| +9% | +$2.46M |
|
|
UNVR
1073
DELISTED
Univar Solutions Inc.
UNVR
| $32.3M | 0.01% |
1,052,509
+27,016
| +3% | +$752K |
|
1074
Credicorp
BAP
$30B
| $32.2M | 0.01% |
145,509
+18,271
| +14% | +$4.09M |
|
|
PSB
1075
DELISTED
PS Business Parks, Inc.
PSB
| $32.2M | 0.01% |
253,354
+7,896
| +3% | +$1.02M |
|
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.