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 | |
|---|---|---|---|---|---|---|
1201
Jack in the Box
JACK
$360M
| $26.5M | 0.01% |
315,665
+8,581
| +3% | +$742K |
|
|
TMHC
1202
DELISTED
Taylor Morrison
TMHC
| $26.3M | 0.01% |
1,460,142
-356,964
| -20% | -$7.09M |
|
1203
Ormat Technologies
ORA
$6.95B
| $26.3M | 0.01% |
486,594
+130,725
| +37% | +$6.93M |
|
1204
Moelis & Co
MC
$4.91B
| $26.3M | 0.01% |
480,251
+77,074
| +19% | +$4.52M |
|
|
KW
1205
DELISTED
Kennedy-Wilson Holdings
KW
| $26.3M | 0.01% |
1,222,086
+50,027
| +4% | +$1.07M |
|
1206
Halozyme
HALO
$11.4B
| $26.2M | 0.01% |
1,443,904
+40,483
| +3% | +$709K |
|
1207
White Mountains Insurance
WTM
$5.06B
| $26.2M | 0.01% |
27,994
+1,093
| +4% | +$1.01M |
|
1208
Azenta
AZTA
$1.46B
| $26.2M | 0.01% |
747,359
+39,274
| +6% | +$1.29M |
|
|
MNK
1209
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $26.2M | 0.01% |
893,137
+100,397
| +13% | +$2.83M |
|
1210
AerCap
AER
$23.7B
| $26.2M | 0.01% |
457,175
+1,110
| +0.2% | +$62.7K |
|
1211
LendingTree
TREE
$442M
| $26.1M | 0.01% |
113,290
+6,553
| +6% | +$1.56M |
|
1212
WesBanco
WSBC
$4.04B
| $26.1M | 0.01% |
584,383
+111,750
| +24% | +$5.35M |
|
1213
FIVE9
FIVN
$2.33B
| $26M | 0.01% |
595,531
+27,970
| +5% | +$1.15M |
|
1214
John Wiley & Sons Class A
WLY
$2.52B
| $26M | 0.01% |
428,626
+11,417
| +3% | +$710K |
|
1215
Cheesecake Factory
CAKE
$5.83B
| $26M | 0.01% |
484,858
+38,182
| +9% | +$2.06M |
|
1216
First Hawaiian
FHB
$3.36B
| $26M | 0.01% |
955,755
+230,164
| +32% | +$6.58M |
|
|
TGNA
1217
DELISTED
TEGNA Inc
TGNA
| $25.9M | 0.01% |
2,164,573
-1,607,238
| -43% | -$18.2M |
|
1218
Monro
MNRO
$361M
| $25.8M | 0.01% |
371,206
+29,281
| +9% | +$2M |
|
|
LPNT
1219
DELISTED
LifePoint Health, Inc.
LPNT
| $25.8M | 0.01% |
400,024
+21,382
| +6% | +$1.3M |
|
1220
Outfront Media
OUT
$5.29B
| $25.6M | 0.01% |
1,305,807
+15,398
| +1% | +$306K |
|
1221
Murphy USA
MUSA
$10B
| $25.6M | 0.01% |
299,852
+12,025
| +4% | +$993K |
|
|
BECN
1222
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $25.6M | 0.01% |
707,164
+28,896
| +4% | +$1.15M |
|
1223
AMN Healthcare
AMN
$1.23B
| $25.6M | 0.01% |
467,500
+24,392
| +6% | +$1.4M |
|
1224
Regenxbio
RGNX
$724M
| $25.6M | 0.01% |
338,629
+41,462
| +14% | +$2.99M |
|
|
AERI
1225
DELISTED
Aerie Pharmaceuticals
AERI
| $25.6M | 0.01% |
415,344
+15,175
| +4% | +$975K |
|
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.