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 | |
|---|---|---|---|---|---|---|
2776
Culp Inc
CULP
$44.1M
| $1.85M | ﹤0.01% |
98,119
+6,487
| +7% | +$140K |
|
|
CBPO
2777
DELISTED
China Biologic Products Holdings, Inc.
CBPO
| $1.85M | ﹤0.01% |
24,416
+1,088
| +5% | +$80.1K |
|
|
NVO
2778
Novo Nordisk
NVO
$209B
| $1.84M | ﹤0.01% |
79,884
+6,120
| +8% | +$136K |
|
2779
Scholar Rock
SRRK
$6.44B
| $1.84M | ﹤0.01% |
79,988
+28,276
| +55% | +$639K |
|
|
RBNC
2780
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
| $1.83M | ﹤0.01% |
79,562
+6,220
| +8% | +$145K |
|
2781
Digimarc Corp
DMRC
$178M
| $1.82M | ﹤0.01% |
125,836
+6,838
| +6% | +$150K |
|
2782
Unilever
UL
$136B
| $1.82M | ﹤0.01% |
31,024
+4,116
| +15% | +$248K |
|
|
SWZ
2783
Swiss Helvetia Fund
SWZ
$77.5M
| $1.82M | ﹤0.01% |
263,946
+213,180
| +420% | +$1.6M |
|
2784
Dorian LPG
LPG
$1.96B
| $1.82M | ﹤0.01% |
311,513
+31,675
| +11% | +$230K |
|
|
FPI
2785
Farmland Partners
FPI
$432M
| $1.81M | ﹤0.01% |
398,767
+11,993
| +3% | +$75K |
|
|
BREW
2786
DELISTED
Craft Brew Alliance, Inc.
BREW
| $1.81M | ﹤0.01% |
126,479
+7,818
| +7% | +$129K |
|
2787
Pan American Silver
PAAS
$21.6B
| $1.81M | ﹤0.01% |
123,889
-319
| -0.3% | -$4.56K |
|
|
GWPH
2788
DELISTED
GW Pharmaceuticals Plc American Depositary Shares
GWPH
| $1.8M | ﹤0.01% |
18,502
-126
| -0.7% | -$16.5K |
|
|
RPT
2789
Rithm Property Trust
RPT
$93.7M
| $1.8M | ﹤0.01% |
25,731
+1,895
| +8% | +$143K |
|
|
CSLT
2790
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
| $1.79M | ﹤0.01% |
827,870
+85,867
| +12% | +$213K |
|
|
XRN
2791
Chiron Real Estate Inc
XRN
$477M
| $1.79M | ﹤0.01% |
40,290
+7,595
| +23% | +$349K |
|
2792
Hamilton Beach Brands
HBB
$422M
| $1.78M | ﹤0.01% |
76,028
+3,592
| +5% | +$77.3K |
|
2793
Riverview Bancorp
RVSB
$108M
| $1.78M | ﹤0.01% |
244,138
+9,308
| +4% | +$74.7K |
|
|
APTX
2794
DELISTED
Aptinyx Inc. Common Stock
APTX
| $1.78M | ﹤0.01% |
107,464
+17,914
| +20% | +$424K |
|
2795
HDFC Bank
HDB
$121B
| $1.77M | ﹤0.01% |
68,304
-216
| -0.3% | -$5.11K |
|
2796
MannKind Corp
MNKD
$1.32B
| $1.77M | ﹤0.01% |
1,666,104
+202,865
| +14% | +$344K |
|
2797
BGSF Inc
BGSF
$60M
| $1.76M | ﹤0.01% |
85,308
-7,821
| -8% | -$187K |
|
2798
SAP
SAP
$238B
| $1.76M | ﹤0.01% |
17,658
+390
| +2% | +$41.5K |
|
|
TBHC
2799
DELISTED
The Brand House Collective
TBHC
| $1.75M | ﹤0.01% |
183,942
+40,481
| +28% | +$393K |
|
|
GPX
2800
DELISTED
GP Strategies Corp.
GPX
| $1.74M | ﹤0.01% |
138,380
+5,684
| +4% | +$81.2K |
|
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.