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 | |
|---|---|---|---|---|---|---|
276
International Paper
IP
$21.8B
| $220M | 0.07% |
5,774,574
+406,341
| +8% | +$17.1M |
|
277
Freeport-McMoran
FCX
$96.9B
| $219M | 0.07% |
21,269,503
+959,745
| +5% | +$11.2M |
|
278
Fastenal
FAST
$57.9B
| $217M | 0.07% |
16,662,300
+901,924
| +6% | +$12.2M |
|
279
Healthpeak Properties
DOC
$14.7B
| $216M | 0.07% |
7,752,843
+821,285
| +12% | +$22.7M |
|
280
Idexx Laboratories
IDXX
$45.6B
| $216M | 0.07% |
1,162,909
+81,641
| +8% | +$16.7M |
|
|
MXIM
281
DELISTED
Maxim Integrated Products
MXIM
| $216M | 0.07% |
4,250,844
+1,160,574
| +38% | +$60.6M |
|
282
Viatris
VTRS
$20B
| $215M | 0.07% |
7,875,204
+1,026,731
| +15% | +$33.3M |
|
283
Royal Caribbean
RCL
$87.2B
| $215M | 0.07% |
2,198,984
+166,909
| +8% | +$18.3M |
|
284
American Water Works
AWK
$26.8B
| $214M | 0.07% |
2,362,440
+161,731
| +7% | +$14.8M |
|
|
WP
285
DELISTED
Worldpay, Inc.
WP
| $213M | 0.07% |
2,790,176
+182,470
| +7% | +$15.9M |
|
286
Entergy
ETR
$49.7B
| $213M | 0.07% |
4,951,788
+336,742
| +7% | +$14.3M |
|
287
KLA
KLAC
$254B
| $212M | 0.07% |
23,744,670
+1,251,420
| +6% | +$11.7M |
|
288
Workday
WDAY
$41.1B
| $212M | 0.07% |
1,327,633
+81,739
| +7% | +$11.6M |
|
289
T-Mobile US
TMUS
$190B
| $208M | 0.06% |
3,275,085
+516,096
| +19% | +$34.6M |
|
290
L3Harris
LHX
$53.8B
| $206M | 0.06% |
1,535,717
+59,854
| +4% | +$9.04M |
|
291
TransDigm Group
TDG
$69.7B
| $206M | 0.06% |
606,428
+38,741
| +7% | +$13.3M |
|
292
Hartford Financial Services
HIG
$39.3B
| $205M | 0.06% |
4,622,774
+353,601
| +8% | +$15.9M |
|
293
Ulta Beauty
ULTA
$23.2B
| $205M | 0.06% |
838,542
+62,309
| +8% | +$17.2M |
|
294
Aptiv
APTV
$9.83B
| $204M | 0.06% |
3,315,449
-35,206
| -1% | -$2.55M |
|
295
Corpay
CPAY
$25.7B
| $204M | 0.06% |
1,099,152
+58,255
| +6% | +$11.4M |
|
296
Ameriprise Financial
AMP
$49.4B
| $203M | 0.06% |
1,951,406
+107,830
| +6% | +$13.5M |
|
|
CTXS
297
DELISTED
Citrix Systems Inc
CTXS
| $203M | 0.06% |
1,986,493
+103,540
| +5% | +$10.9M |
|
298
Global Payments
GPN
$23.7B
| $203M | 0.06% |
1,969,663
+128,466
| +7% | +$14.2M |
|
299
Ball Corp
BALL
$16.7B
| $203M | 0.06% |
4,417,275
+311,457
| +8% | +$14.6M |
|
300
Lumen
LUMN
$6.28B
| $202M | 0.06% |
13,305,449
+1,119,125
| +9% | +$21.4M |
|
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.