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 | |
|---|---|---|---|---|---|---|
2551
Titan Machinery
TITN
$445M
| $2.72M | ﹤0.01% |
207,190
+11,517
| +6% | +$171K |
|
2552
Citizens & Northern Corp
CZNC
$455M
| $2.72M | ﹤0.01% |
102,909
+5,832
| +6% | +$151K |
|
2553
Kiniksa Pharmaceuticals
KNSA
$5.93B
| $2.72M | ﹤0.01% |
96,751
-372
| -0.4% | -$7.76K |
|
2554
Cadiz
CDZI
$291M
| $2.71M | ﹤0.01% |
263,319
+32,576
| +14% | +$345K |
|
|
SPNE
2555
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
| $2.71M | ﹤0.01% |
148,460
+44,407
| +43% | +$750K |
|
2556
Voyager Therapeutics
VYGR
$201M
| $2.7M | ﹤0.01% |
287,264
+53,888
| +23% | +$692K |
|
2557
Turning Point Brands
TPB
$1.74B
| $2.69M | ﹤0.01% |
98,941
-3,432
| -3% | -$121K |
|
|
AVLR
2558
DELISTED
Avalara, Inc.
AVLR
| $2.69M | ﹤0.01% |
86,341
+12,198
| +16% | +$394K |
|
|
LL
2559
DELISTED
LL Flooring Holdings, Inc.
LL
| $2.69M | ﹤0.01% |
282,350
+16,927
| +6% | +$205K |
|
2560
SandRidge Energy
SD
$503M
| $2.68M | ﹤0.01% |
352,455
+19,743
| +6% | +$191K |
|
|
BRG
2561
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $2.68M | ﹤0.01% |
296,958
+30,107
| +11% | +$278K |
|
2562
Business First Bancshares
BFST
$1.03B
| $2.67M | ﹤0.01% |
110,079
+5,890
| +6% | +$148K |
|
|
ITIC
2563
Investors Title Co
ITIC
$547M
| $2.66M | ﹤0.01% |
15,063
+1,923
| +15% | +$343K |
|
2564
Intrepid Potash
IPI
$469M
| $2.65M | ﹤0.01% |
102,082
+5,522
| +6% | +$190K |
|
2565
First Bancorp
FNLC
$399M
| $2.65M | ﹤0.01% |
100,781
+6,097
| +6% | +$169K |
|
2566
Home Bancorp
HBCP
$566M
| $2.65M | ﹤0.01% |
74,855
+4,230
| +6% | +$164K |
|
|
SHYF
2567
DELISTED
The Shyft Group
SHYF
| $2.65M | ﹤0.01% |
366,422
+17,372
| +5% | +$162K |
|
|
MOFG
2568
DELISTED
MidWestOne Financial Group
MOFG
| $2.65M | ﹤0.01% |
106,610
+6,046
| +6% | +$177K |
|
2569
HUTCHMED
HCM
$2.17B
| $2.64M | ﹤0.01% |
114,934
+99,388
| +639% | +$3.09M |
|
2570
Impinj
PI
$5.6B
| $2.63M | ﹤0.01% |
181,005
-5,378
| -3% | -$106K |
|
2571
RGC Resources
RGCO
$228M
| $2.63M | ﹤0.01% |
87,660
+3,396
| +4% | +$94.3K |
|
|
EMD
2572
Western Asset Emerging Markets Debt Fund
EMD
$616M
| $2.62M | ﹤0.01% |
213,163
+67,899
| +47% | +$857K |
|
|
SFIX
2573
Stitch Fix
SFIX
$560M
| $2.62M | ﹤0.01% |
153,179
+51,888
| +51% | +$1.28M |
|
|
ROAN
2574
DELISTED
Roan Resources, Inc.
ROAN
| $2.62M | ﹤0.01% |
+312,359
| New | +$3.37M |
|
2575
Carriage Services
CSV
$569M
| $2.62M | ﹤0.01% |
168,808
+20,037
| +13% | +$351K |
|
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.