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 | |
|---|---|---|---|---|---|---|
|
AJRD
1301
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $23M | 0.01% |
675,618
-11,722
| -2% | -$391K |
|
|
AVYA
1302
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
| $23M | 0.01% |
1,037,266
+38,917
| +4% | +$835K |
|
1303
Heron Therapeutics
HRTX
$64.7M
| $22.9M | 0.01% |
724,821
+77,210
| +12% | +$2.88M |
|
|
RDC
1304
DELISTED
Rowan Companies Plc
RDC
| $22.9M | 0.01% |
1,217,496
+146,338
| +14% | +$2.19M |
|
1305
Itron
ITRI
$4.49B
| $22.9M | 0.01% |
357,043
+10,061
| +3% | +$635K |
|
1306
Albany International
AIN
$1.81B
| $22.9M | 0.01% |
288,074
+20,304
| +8% | +$1.47M |
|
|
EE
1307
DELISTED
El Paso Electric Company
EE
| $22.8M | 0.01% |
399,337
+16,210
| +4% | +$993K |
|
|
ARCH
1308
DELISTED
Arch Resources, Inc.
ARCH
| $22.8M | 0.01% |
255,423
-18,727
| -7% | -$1.62M |
|
|
AVTA
1309
DELISTED
Avantax, Inc. Common Stock
AVTA
| $22.8M | 0.01% |
567,161
+93,629
| +20% | +$3.41M |
|
1310
Avis
CAR
$4.93B
| $22.8M | 0.01% |
709,284
+2,630
| +0.4% | +$87.7K |
|
1311
Compass Minerals
CMP
$1.12B
| $22.7M | 0.01% |
338,149
+28,076
| +9% | +$1.83M |
|
1312
Yext
YEXT
$574M
| $22.7M | 0.01% |
958,472
+271,333
| +39% | +$6.2M |
|
1313
Repligen
RGEN
$9.35B
| $22.7M | 0.01% |
409,513
+17,725
| +5% | +$914K |
|
|
NAV
1314
DELISTED
Navistar International
NAV
| $22.7M | 0.01% |
589,541
+36,818
| +7% | +$1.54M |
|
|
ECHO
1315
EchoStar
ECHO
$26.9B
| $22.6M | 0.01% |
602,119
+19,187
| +3% | +$731K |
|
|
SAFM
1316
DELISTED
Sanderson Farms Inc
SAFM
| $22.6M | 0.01% |
218,639
-39,285
| -15% | -$4.06M |
|
1317
Watts Water Technologies
WTS
$12.9B
| $22.6M | 0.01% |
272,176
+16,357
| +6% | +$1.35M |
|
1318
Enviri
NVRI
$583M
| $22.6M | 0.01% |
790,286
+42,271
| +6% | +$1.09M |
|
1319
Iridium Communications
IRDM
$5.26B
| $22.6M | 0.01% |
1,002,473
+111,251
| +12% | +$2.16M |
|
1320
Stepan Co
SCL
$1.48B
| $22.5M | 0.01% |
258,533
+7,322
| +3% | +$631K |
|
1321
Usana Health Sciences
USNA
$250M
| $22.5M | 0.01% |
186,576
+42,924
| +30% | +$5.33M |
|
1322
BlackLine
BL
$1.65B
| $22.5M | 0.01% |
398,184
+19,959
| +5% | +$994K |
|
1323
iRhythm Holdings
IRTC
$4.13B
| $22.5M | 0.01% |
237,459
+22,922
| +11% | +$2M |
|
1324
Wingstop
WING
$3.05B
| $22.4M | 0.01% |
328,689
+11,709
| +4% | +$704K |
|
1325
Forward Air
FWRD
$658M
| $22.4M | 0.01% |
312,938
+19,387
| +7% | +$1.23M |
|
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.