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 | |
|---|---|---|---|---|---|---|
2876
British American Tobacco
BTI
$128B
| $1.51M | ﹤0.01% |
49,102
+3,037
| +7% | +$118K |
|
2877
Shore Bancshares
SHBI
$796M
| $1.51M | ﹤0.01% |
103,899
+5,877
| +6% | +$94.4K |
|
2878
Evolus
EOLS
$501M
| $1.51M | ﹤0.01% |
126,785
+34,070
| +37% | +$486K |
|
2879
Timberland Bancorp
TSBK
$351M
| $1.5M | ﹤0.01% |
67,551
+8,192
| +14% | +$230K |
|
|
IHD
2880
Voya Emerging Markets High Income Dividend Equity Fund
IHD
$131M
| $1.5M | ﹤0.01% |
206,347
+58,056
| +39% | +$430K |
|
|
JE
2881
DELISTED
Just Energy Group Inc
JE
| $1.5M | ﹤0.01% |
10,120
+8,998
| +802% | +$1.05M |
|
|
CLUB
2882
DELISTED
Town Sports International Holdings, Inc.
CLUB
| $1.5M | ﹤0.01% |
235,080
+6,963
| +3% | +$52.6K |
|
|
IVC
2883
DELISTED
Invacare Corporation
IVC
| $1.5M | ﹤0.01% |
347,920
+15,981
| +5% | +$141K |
|
2884
IES Holdings
IESC
$15.2B
| $1.49M | ﹤0.01% |
96,089
+2,715
| +3% | +$47K |
|
2885
Barclays
BCS
$94.1B
| $1.49M | ﹤0.01% |
207,286
-44,028
| -18% | -$355K |
|
|
BLCM
2886
DELISTED
Bellicum Pharmaceuticals, Inc.
BLCM
| $1.49M | ﹤0.01% |
50,931
+8,452
| +20% | +$375K |
|
2887
SSR Mining
SSRM
$6.48B
| $1.48M | ﹤0.01% |
123,443
+31,291
| +34% | +$332K |
|
2888
Twin Disc
TWIN
$348M
| $1.48M | ﹤0.01% |
100,577
+16,881
| +20% | +$311K |
|
2889
KVH Industries
KVHI
$157M
| $1.47M | ﹤0.01% |
143,197
+7,300
| +5% | +$83.4K |
|
|
VIA
2890
DELISTED
Viacom Inc. Class A
VIA
| $1.47M | ﹤0.01% |
52,987
-12,581
| -19% | -$429K |
|
|
OSG
2891
DELISTED
Overseas Shipholding Group Inc.
OSG
| $1.47M | ﹤0.01% |
887,736
+27,317
| +3% | +$69.3K |
|
|
SBOW
2892
DELISTED
SilverBow Resources, Inc.
SBOW
| $1.47M | ﹤0.01% |
62,123
+3,279
| +6% | +$84.5K |
|
|
VSLR
2893
DELISTED
VIVINT SOLAR, INC.
VSLR
| $1.47M | ﹤0.01% |
385,239
+120,332
| +45% | +$621K |
|
2894
Superior Group of Companies
SGC
$225M
| $1.47M | ﹤0.01% |
83,063
+4,169
| +5% | +$75.5K |
|
|
USAP
2895
DELISTED
Universal Stainless & Alloy
USAP
| $1.47M | ﹤0.01% |
90,491
+3,807
| +4% | +$77.3K |
|
2896
Bridgewater Bancshares
BWB
$603M
| $1.46M | ﹤0.01% |
138,829
+76,708
| +123% | +$886K |
|
2897
Rio Tinto
RIO
$164B
| $1.46M | ﹤0.01% |
30,207
+3,366
| +13% | +$164K |
|
2898
StoneCo
STNE
$2.58B
| $1.46M | ﹤0.01% |
+79,388
| New | +$1.84M |
|
2899
Crawford & Co Class B
CRD.B
$604M
| $1.46M | ﹤0.01% |
162,272
+6,610
| +4% | +$60.1K |
|
2900
NACCO Industries
NC
$320M
| $1.46M | ﹤0.01% |
43,044
-770
| -2% | -$25.4K |
|
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.