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 | |
|---|---|---|---|---|---|---|
1501
TAL Education Group
TAL
$6.58B
| $17.3M | ﹤0.01% |
678,245
+120,846
| +22% | +$3.9M |
|
1502
Kite Realty
KRG
$5.27B
| $17.3M | ﹤0.01% |
1,039,812
+114,365
| +12% | +$1.94M |
|
1503
PRA Group
PRAA
$737M
| $17.3M | ﹤0.01% |
479,911
+26,611
| +6% | +$1.04M |
|
|
RAVN
1504
DELISTED
Raven Industries Inc
RAVN
| $17.3M | ﹤0.01% |
377,599
+19,982
| +6% | +$851K |
|
1505
Four Corners Property Trust
FCPT
$2.74B
| $17.3M | ﹤0.01% |
671,964
+92,923
| +16% | +$2.4M |
|
|
NE
1506
DELISTED
Noble Corporation
NE
| $17.2M | ﹤0.01% |
2,452,989
+165,263
| +7% | +$1M |
|
|
SPPI
1507
DELISTED
Spectrum Pharmaceuticals Inc
SPPI
| $17.2M | ﹤0.01% |
1,025,404
+56,868
| +6% | +$1.23M |
|
|
SYNT
1508
DELISTED
Syntel Inc
SYNT
| $17.2M | ﹤0.01% |
420,267
-137,216
| -25% | -$5.49M |
|
1509
Eagle Bancorp
EGBN
$877M
| $17.2M | ﹤0.01% |
339,319
+18,556
| +6% | +$1.03M |
|
|
ECOL
1510
DELISTED
US Ecology, Inc.
ECOL
| $17.1M | ﹤0.01% |
232,155
+11,623
| +5% | +$818K |
|
1511
Builders FirstSource
BLDR
$7.79B
| $17.1M | ﹤0.01% |
1,165,498
+59,387
| +5% | +$1.01M |
|
1512
ESCO Technologies
ESE
$7.78B
| $17.1M | ﹤0.01% |
251,015
+10,126
| +4% | +$656K |
|
|
AAWW
1513
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $17M | ﹤0.01% |
267,335
+11,000
| +4% | +$712K |
|
1514
Westamerica Bancorp
WABC
$1.38B
| $17M | ﹤0.01% |
282,832
+15,021
| +6% | +$923K |
|
1515
Mativ Holdings
MATV
$690M
| $17M | ﹤0.01% |
443,624
+12,558
| +3% | +$521K |
|
|
NXGN
1516
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $17M | ﹤0.01% |
844,546
+12,170
| +1% | +$258K |
|
1517
First Interstate BancSystem
FIBK
$3.67B
| $16.9M | ﹤0.01% |
377,939
+90,546
| +32% | +$4.03M |
|
1518
Fossil Group
FOSL
$311M
| $16.9M | ﹤0.01% |
726,988
+86,173
| +13% | +$2.17M |
|
|
HDP
1519
DELISTED
Hortonworks, Inc.
HDP
| $16.9M | ﹤0.01% |
741,557
+75,565
| +11% | +$1.58M |
|
|
WPG
1520
DELISTED
Washington Prime Group Inc.
WPG
| $16.9M | ﹤0.01% |
257,293
-14,694
| -5% | -$1.02M |
|
1521
JELD-WEN Holding
JELD
$164M
| $16.9M | ﹤0.01% |
684,031
+13,798
| +2% | +$367K |
|
1522
Badger Meter
BMI
$3.91B
| $16.8M | ﹤0.01% |
318,181
+12,523
| +4% | +$651K |
|
1523
Groupon
GRPN
$901M
| $16.8M | ﹤0.01% |
223,348
+6,025
| +3% | +$530K |
|
1524
Matthews International
MATW
$725M
| $16.8M | ﹤0.01% |
335,129
+14,038
| +4% | +$756K |
|
|
TUP
1525
DELISTED
Tupperware Brands Corporation
TUP
| $16.8M | ﹤0.01% |
501,602
+28,899
| +6% | +$1.03M |
|
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.