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 | |
|---|---|---|---|---|---|---|
1401
Terreno Realty
TRNO
$7.48B
| $20.3M | 0.01% |
538,245
+41,989
| +8% | +$1.57M |
|
1402
Americold
COLD
$4.17B
| $20.3M | 0.01% |
810,557
+259,787
| +47% | +$6.03M |
|
1403
First Commonwealth Financial
FCF
$2.18B
| $20.2M | 0.01% |
1,254,225
+230,594
| +23% | +$3.82M |
|
1404
Prestige Consumer Healthcare
PBH
$2.48B
| $20.2M | 0.01% |
532,015
+3,093
| +0.6% | +$117K |
|
|
AIMC
1405
DELISTED
Altra Industrial Motion Corp
AIMC
| $20.2M | 0.01% |
488,094
+191,378
| +64% | +$8M |
|
1406
LCI Industries
LCII
$2.6B
| $20.1M | 0.01% |
243,135
+13,090
| +6% | +$1.22M |
|
1407
Sanmina
SANM
$11.2B
| $20.1M | 0.01% |
728,439
+27,450
| +4% | +$823K |
|
1408
Innospec
IOSP
$2.29B
| $20.1M | 0.01% |
261,791
+16,884
| +7% | +$1.32M |
|
1409
Rush Enterprises Class A
RUSHA
$9.41B
| $20.1M | 0.01% |
1,149,896
+71,349
| +7% | +$1.36M |
|
1410
Granite Construction
GVA
$5.52B
| $20M | 0.01% |
437,848
+20,663
| +5% | +$1.01M |
|
1411
Xencor
XNCR
$1.72B
| $20M | 0.01% |
512,515
+20,368
| +4% | +$830K |
|
1412
Zillow
ZG
$7.53B
| $19.9M | 0.01% |
451,099
-44,215
| -9% | -$2.31M |
|
|
SAIL
1413
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $19.9M | 0.01% |
584,264
+202,417
| +53% | +$5.89M |
|
|
MDP
1414
DELISTED
Meredith Corporation
MDP
| $19.7M | 0.01% |
386,511
+23,626
| +7% | +$1.24M |
|
1415
Nabors Industries
NBR
$1.33B
| $19.7M | 0.01% |
64,009
-1,230
| -2% | -$380K |
|
|
SUM
1416
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $19.7M | 0.01% |
1,101,994
+65,504
| +6% | +$1.42M |
|
|
BLD
1417
DELISTED
TopBuild
BLD
| $19.7M | 0.01% |
346,357
+17,236
| +5% | +$1.23M |
|
1418
The Ensign Group
ENSG
$10.6B
| $19.5M | 0.01% |
550,572
+26,994
| +5% | +$941K |
|
1419
Pricesmart
PSMT
$5.49B
| $19.5M | 0.01% |
241,105
+8,542
| +4% | +$715K |
|
1420
Melco Resorts & Entertainment
MLCO
$2.14B
| $19.5M | 0.01% |
931,565
-134,439
| -13% | -$3.12M |
|
1421
8x8 Inc
EGHT
$290M
| $19.4M | 0.01% |
914,573
+44,497
| +5% | +$970K |
|
|
MANT
1422
DELISTED
Mantech International Corp
MANT
| $19.4M | 0.01% |
307,028
+14,732
| +5% | +$918K |
|
|
EBIX
1423
DELISTED
Ebix Inc
EBIX
| $19.4M | 0.01% |
245,522
+9,316
| +4% | +$742K |
|
1424
Oil States International
OIS
$536M
| $19.4M | 0.01% |
584,487
+22,429
| +4% | +$732K |
|
1425
Bloomin' Brands
BLMN
$975M
| $19.3M | 0.01% |
977,036
+36,011
| +4% | +$703K |
|
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.