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 |
Linde
LIN
|
+$1.01B |
| 2 |
Microsoft
MSFT
|
+$761M |
| 3 |
Apple
AAPL
|
+$685M |
| 4 |
Amazon
AMZN
|
+$507M |
| 5 |
Cigna
CI
|
+$391M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$741M |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$651M |
| 3 |
PX
Praxair Inc
PX
|
+$555M |
| 4 |
COL
Rockwell Collins
COL
|
+$293M |
| 5 |
CA
CA, Inc.
CA
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.64% |
| 2 | Financials | 15.19% |
| 3 | Healthcare | 14.85% |
| 4 | Consumer Discretionary | 10.09% |
| 5 | Industrials | 9.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Digi International
DGII
$3.1B
| $3.1M | ﹤0.01% |
307,169
+35,154
| +13% | +$407K |
|
2477
Duluth Holdings
DLTH
$159M
| $3.1M | ﹤0.01% |
122,842
-2,840
| -2% | -$81.1K |
|
|
ZF
2478
DELISTED
Virtus Total Return Fund Inc.
ZF
| $3.1M | ﹤0.01% |
357,885
+332,488
| +1,309% | +$3.1M |
|
2479
TG Therapeutics
TGTX
$7.62B
| $3.1M | ﹤0.01% |
755,205
+70,398
| +10% | +$350K |
|
2480
Moderna
MRNA
$23.6B
| $3.09M | ﹤0.01% |
+202,492
| New | +$3.33M |
|
2481
NN Inc
NNBR
$311M
| $3.09M | ﹤0.01% |
460,507
+115,157
| +33% | +$1.11M |
|
|
EBTC
2482
DELISTED
Enterprise Bancorp
EBTC
| $3.08M | ﹤0.01% |
95,768
+6,946
| +8% | +$220K |
|
2483
Plug Power
PLUG
$3.04B
| $3.08M | ﹤0.01% |
2,481,356
+152,681
| +7% | +$259K |
|
|
ECOM
2484
DELISTED
CHANNELADVISOR CORPORATION
ECOM
| $3.08M | ﹤0.01% |
271,091
+11,196
| +4% | +$126K |
|
2485
Peoples Financial Services
PFIS
$707M
| $3.06M | ﹤0.01% |
69,472
+4,273
| +7% | +$181K |
|
|
MNTV
2486
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $3.06M | ﹤0.01% |
249,165
+176,065
| +241% | +$2.2M |
|
|
PRNB
2487
DELISTED
Principia Biopharma Inc. Common Stock
PRNB
| $3.06M | ﹤0.01% |
+111,582
| New | +$2.88M |
|
2488
Capital City Bank Group
CCBG
$890M
| $3.05M | ﹤0.01% |
131,621
+7,512
| +6% | +$182K |
|
2489
Ooma
OOMA
$604M
| $3.05M | ﹤0.01% |
220,009
+12,220
| +6% | +$178K |
|
|
EB
2490
DELISTED
Eventbrite
EB
| $3.04M | ﹤0.01% |
+109,348
| New | +$3.24M |
|
|
FARM
2491
DELISTED
Farmer Brothers
FARM
| $3.04M | ﹤0.01% |
130,095
+8,701
| +7% | +$210K |
|
2492
Ring Energy
REI
$339M
| $3.03M | ﹤0.01% |
597,177
+52,213
| +10% | +$371K |
|
|
NINE
2493
DELISTED
Nine Energy Service
NINE
| $3.02M | ﹤0.01% |
133,923
-11,696
| -8% | -$356K |
|
2494
Sterling Infrastructure
STRL
$16.7B
| $3.02M | ﹤0.01% |
276,986
+15,917
| +6% | +$194K |
|
|
CURO
2495
DELISTED
CURO Group Holdings Corp.
CURO
| $3.02M | ﹤0.01% |
317,984
+44,677
| +16% | +$731K |
|
|
RC
2496
Ready Capital
RC
$308M
| $2.99M | ﹤0.01% |
+216,215
| New | +$3.26M |
|
|
CDR
2497
DELISTED
Cedar Realty Trust, Inc
CDR
| $2.98M | ﹤0.01% |
143,868
-8,620
| -6% | -$209K |
|
|
RRD
2498
DELISTED
RR Donnelley & Sons Co.
RRD
| $2.98M | ﹤0.01% |
752,544
+64,721
| +9% | +$336K |
|
|
AFI
2499
DELISTED
Armstrong Flooring, Inc.
AFI
| $2.98M | ﹤0.01% |
251,546
+12,826
| +5% | +$197K |
|
2500
Mammoth Energy Services
TUSK
$163M
| $2.98M | ﹤0.01% |
165,510
+13,907
| +9% | +$342K |
|
Similar funds
Geode Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Geode Capital Management held 4,266 positions worth $323B, down 8.8% from $355B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management deployed $21.9B of net new capital in Q4 2018, opening 149 new positions and adding to 3,108 existing holdings. Its largest new stake was Linde: 6,406,340 shares worth $998M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 19% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Dell, an estimated $92.5M trimmed.
- Geode Capital Management's largest Q4 2018 buy was Linde: 6,406,340 shares worth $998M.
- Geode Capital Management added most to Microsoft in Q4 2018, an estimated $761M increase.
- Geode Capital Management's biggest Q4 2018 reduction was Dell, cutting an estimated $92.5M.
- Geode Capital Management fully exited Aetna Inc in Q4 2018, selling an estimated $741M.
- Geode Capital Management's ten largest holdings make up 17% of its $323B portfolio in Q4 2018.
- Geode Capital Management opened 149 new positions and closed 120 in Q4 2018.
- Geode Capital Management's portfolio value fell 8.8% quarter-over-quarter to $323B.
Based on Geode Capital Management's 13F filing for Q4 2018, filed 13 Feb 2019.