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 | |
|---|---|---|---|---|---|---|
2601
Vermilion Energy
VET
$1.66B
| $2.52M | ﹤0.01% |
120,789
+11,151
| +10% | +$290K |
|
|
SRNE
2602
DELISTED
Sorrento Therapeutics, Inc.
SRNE
| $2.52M | ﹤0.01% |
1,050,880
+60,260
| +6% | +$197K |
|
|
HABT
2603
DELISTED
The Habit Restaurants, Inc. - Class A
HABT
| $2.52M | ﹤0.01% |
240,227
+12,138
| +5% | +$163K |
|
2604
Omega Flex
OFLX
$312M
| $2.52M | ﹤0.01% |
46,630
+2,326
| +5% | +$138K |
|
|
FTR
2605
DELISTED
Frontier Communications Corp.
FTR
| $2.51M | ﹤0.01% |
1,056,341
+39,342
| +4% | +$167K |
|
|
CTLP
2606
DELISTED
Cantaloupe
CTLP
| $2.51M | ﹤0.01% |
645,659
+89,177
| +16% | +$468K |
|
|
SWCH
2607
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $2.51M | ﹤0.01% |
358,217
+9,507
| +3% | +$79.2K |
|
2608
Franklin Covey
FC
$246M
| $2.5M | ﹤0.01% |
111,776
+5,498
| +5% | +$123K |
|
|
CUTR
2609
DELISTED
Cutera, Inc.
CUTR
| $2.5M | ﹤0.01% |
146,623
+7,013
| +5% | +$143K |
|
|
CTACU
2610
DELISTED
ChaSerg Technology Acquisition Corp. Unit
CTACU
| $2.48M | ﹤0.01% |
+250,000
| New | +$2.5M |
|
|
PBPB
2611
DELISTED
Potbelly
PBPB
| $2.47M | ﹤0.01% |
306,747
+42,963
| +16% | +$461K |
|
|
ACHN
2612
DELISTED
Achillion Pharmaceuticals
ACHN
| $2.46M | ﹤0.01% |
1,547,004
+91,346
| +6% | +$258K |
|
2613
Sanofi
SNY
$104B
| $2.46M | ﹤0.01% |
56,590
+5,525
| +11% | +$244K |
|
|
CET
2614
Central Securities Corp
CET
$1.65B
| $2.45M | ﹤0.01% |
98,848
+1,988
| +2% | +$53.1K |
|
2615
Bassett Furniture
BSET
$176M
| $2.45M | ﹤0.01% |
122,260
-31,000
| -20% | -$628K |
|
|
MLVF
2616
DELISTED
Malvern Bancorp, Inc.
MLVF
| $2.45M | ﹤0.01% |
124,223
+9,271
| +8% | +$186K |
|
2617
Alliance Resource Partners
ARLP
$3.17B
| $2.44M | ﹤0.01% |
140,989
+15,219
| +12% | +$297K |
|
|
ASRT
2618
DELISTED
Assertio
ASRT
| $2.44M | ﹤0.01% |
11,282
+547
| +5% | +$164K |
|
|
CTO
2619
CTO Realty Growth
CTO
$815M
| $2.44M | ﹤0.01% |
171,457
+7,571
| +5% | +$118K |
|
|
ORBK
2620
DELISTED
Orbotech Ltd
ORBK
| $2.44M | ﹤0.01% |
43,219
+3,022
| +8% | +$169K |
|
2621
Senseonics Holdings Inc
SENS
$366M
| $2.44M | ﹤0.01% |
47,157
+5,802
| +14% | +$388K |
|
2622
Abeona Therapeutics
ABEO
$413M
| $2.44M | ﹤0.01% |
13,648
+273
| +2% | +$59.5K |
|
2623
Cytosorbents Corp
CTSO
$22.6M
| $2.44M | ﹤0.01% |
301,498
+16,679
| +6% | +$166K |
|
2624
Lands' End
LE
$403M
| $2.43M | ﹤0.01% |
171,339
+5,950
| +4% | +$96.5K |
|
|
TTSH
2625
DELISTED
Tile Shop Holdings
TTSH
| $2.43M | ﹤0.01% |
442,747
+36,980
| +9% | +$226K |
|
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.