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 | |
|---|---|---|---|---|---|---|
2626
Titan International
TWI
$475M
| $2.42M | ﹤0.01% |
518,437
+7,654
| +1% | +$49.6K |
|
2627
Clarus
CLAR
$143M
| $2.41M | ﹤0.01% |
239,634
+18,004
| +8% | +$188K |
|
2628
Minerva Neurosciences
NERV
$199M
| $2.41M | ﹤0.01% |
44,727
+6,180
| +16% | +$452K |
|
2629
Alpha and Omega Semiconductor
AOSL
$1.08B
| $2.41M | ﹤0.01% |
236,590
-7,119
| -3% | -$73.3K |
|
2630
Southern First Bancshares
SFST
$600M
| $2.41M | ﹤0.01% |
75,094
+3,451
| +5% | +$124K |
|
|
JOF
2631
Japan Smaller Capitalization Fund
JOF
$350M
| $2.4M | ﹤0.01% |
289,198
+114,174
| +65% | +$1.15M |
|
2632
Vitamin Cottage Natural Grocers
NGVC
$654M
| $2.4M | ﹤0.01% |
156,607
+3,140
| +2% | +$55.5K |
|
|
WAAS
2633
DELISTED
AquaVenture Holdings Limited
WAAS
| $2.4M | ﹤0.01% |
127,050
+12,356
| +11% | +$223K |
|
|
NPTN
2634
DELISTED
NEOPHOTONICS CORP
NPTN
| $2.39M | ﹤0.01% |
369,350
+20,906
| +6% | +$160K |
|
2635
Noodles & Co
NDLS
$107M
| $2.39M | ﹤0.01% |
42,770
+835
| +2% | +$62.1K |
|
|
ALBO
2636
DELISTED
Albireo Pharma Inc
ALBO
| $2.39M | ﹤0.01% |
97,434
+9,922
| +11% | +$262K |
|
|
NOAH
2637
Noah Holdings
NOAH
$603M
| $2.39M | ﹤0.01% |
55,500
+2,948
| +6% | +$122K |
|
2638
Civista Bancshares
CIVB
$589M
| $2.39M | ﹤0.01% |
137,119
+10,484
| +8% | +$222K |
|
2639
NWPX Infrastructure Inc
NWPX
$1.15B
| $2.39M | ﹤0.01% |
102,572
+7,669
| +8% | +$163K |
|
|
BFIN
2640
DELISTED
BankFinancial
BFIN
| $2.39M | ﹤0.01% |
159,617
+6,842
| +4% | +$101K |
|
2641
Northrim BanCorp
NRIM
$587M
| $2.38M | ﹤0.01% |
290,428
+23,080
| +9% | +$213K |
|
2642
Ericsson
ERIC
$33.3B
| $2.38M | ﹤0.01% |
268,719
-2,177
| -0.8% | -$18.9K |
|
|
STXB
2643
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
| $2.37M | ﹤0.01% |
+104,113
| New | +$2.15M |
|
|
ARA
2644
DELISTED
American Renal Associates Holdings, Inc
ARA
| $2.37M | ﹤0.01% |
205,509
+45,142
| +28% | +$770K |
|
|
UBX
2645
DELISTED
Unity Biotechnology
UBX
| $2.37M | ﹤0.01% |
14,549
+8,752
| +151% | +$1.16M |
|
|
HUD
2646
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $2.36M | ﹤0.01% |
137,745
+20,618
| +18% | +$406K |
|
|
LTS
2647
DELISTED
Ladenburg Thalmann Financial Services Inc
LTS
| $2.36M | ﹤0.01% |
1,013,247
+123,784
| +14% | +$331K |
|
2648
Cushman & Wakefield Ltd
CWK
$3.25B
| $2.35M | ﹤0.01% |
162,774
+31,254
| +24% | +$521K |
|
|
DS
2649
DELISTED
Drive Shack Inc.
DS
| $2.35M | ﹤0.01% |
600,991
+36,136
| +6% | +$178K |
|
|
GLOG
2650
DELISTED
GASLOG LTD
GLOG
| $2.35M | ﹤0.01% |
142,921
+21,114
| +17% | +$421K |
|
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.