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 | |
|---|---|---|---|---|---|---|
1101
Darling Ingredients
DAR
$9.94B
| $31M | 0.01% |
1,605,100
+70,280
| +5% | +$1.38M |
|
1102
First Financial Bancorp
FFBC
$3.58B
| $31M | 0.01% |
1,042,283
+35,982
| +4% | +$1.12M |
|
1103
Wendy's
WEN
$1.66B
| $30.9M | 0.01% |
1,804,337
+88,358
| +5% | +$1.54M |
|
1104
Emergent Biosolutions
EBS
$231M
| $30.8M | 0.01% |
467,830
+74,971
| +19% | +$4.37M |
|
1105
The GEO Group
GEO
$4.09B
| $30.7M | 0.01% |
1,221,659
+81,189
| +7% | +$2.07M |
|
1106
SM Energy
SM
$7.74B
| $30.7M | 0.01% |
974,065
+36,589
| +4% | +$1.05M |
|
1107
New York Times
NYT
$10.4B
| $30.6M | 0.01% |
1,322,836
+144,064
| +12% | +$3.45M |
|
1108
Acadia Healthcare
ACHC
$2.97B
| $30.6M | 0.01% |
869,947
+58,945
| +7% | +$2.35M |
|
1109
Enovis
ENOV
$1.38B
| $30.6M | 0.01% |
492,625
-20,315
| -4% | -$1.16M |
|
|
AEL
1110
DELISTED
American Equity Investment Life Holding Company
AEL
| $30.6M | 0.01% |
864,539
+263
| +0% | +$9.5K |
|
1111
Community Bank
CBU
$3.43B
| $30.5M | 0.01% |
499,859
+27,290
| +6% | +$1.74M |
|
1112
Urban Edge Properties
UE
$2.74B
| $30.5M | 0.01% |
1,381,857
+166,279
| +14% | +$3.75M |
|
1113
Erie Indemnity
ERIE
$13.3B
| $30.5M | 0.01% |
239,117
+6,720
| +3% | +$835K |
|
|
ELME
1114
Elme Communities
ELME
$144M
| $30.5M | 0.01% |
994,639
+96,299
| +11% | +$2.96M |
|
|
PDM
1115
Piedmont Realty Trust
PDM
$1.19B
| $30.4M | 0.01% |
1,605,026
+77,728
| +5% | +$1.53M |
|
1116
Old National Bancorp
ONB
$10.3B
| $30.4M | 0.01% |
1,573,154
+135,559
| +9% | +$2.67M |
|
1117
VICI Properties
VICI
$28.7B
| $30.3M | 0.01% |
1,401,130
-94,475
| -6% | -$1.96M |
|
1118
Black Hills Corp
BKH
$5.61B
| $30.2M | 0.01% |
520,706
+25,644
| +5% | +$1.54M |
|
1119
NorthWestern Energy
NWE
$4.37B
| $30.2M | 0.01% |
515,448
+26,099
| +5% | +$1.55M |
|
1120
Cirrus Logic
CRUS
$6.1B
| $30.2M | 0.01% |
782,094
+76,743
| +11% | +$3.18M |
|
1121
Designer Brands
DBI
$319M
| $30.2M | 0.01% |
890,702
+37,904
| +4% | +$1.11M |
|
1122
Columbia Banking Systems
COLB
$9.03B
| $30.1M | 0.01% |
776,692
+44,658
| +6% | +$1.85M |
|
|
SJI
1123
DELISTED
South Jersey Industries, Inc.
SJI
| $30.1M | 0.01% |
853,120
+56,507
| +7% | +$1.92M |
|
|
ICPT
1124
DELISTED
Intercept Pharmaceuticals, Inc.
ICPT
| $30.1M | 0.01% |
237,827
+18,467
| +8% | +$1.95M |
|
1125
TD Synnex
SNX
$20.6B
| $29.9M | 0.01% |
705,338
+36,562
| +5% | +$1.76M |
|
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.