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 | |
|---|---|---|---|---|---|---|
|
IVAC
3201
DELISTED
Intevac Inc
IVAC
| $713K | ﹤0.01% |
136,349
-444
| -0.3% | -$2.11K |
|
|
TRCB
3202
DELISTED
Two River Bancorp
TRCB
| $713K | ﹤0.01% |
46,775
| – | – |
|
|
UBFO
3203
DELISTED
United Security Bancshares
UBFO
| $707K | ﹤0.01% |
73,803
+5,973
| +9% | +$62.6K |
|
|
RA
3204
Brookfield Real Assets Income Fund
RA
$708M
| $706K | ﹤0.01% |
+37,025
| New | +$769K |
|
3205
Viridian Therapeutics
VRDN
$2.67B
| $697K | ﹤0.01% |
15,342
+770
| +5% | +$44.5K |
|
|
GBL
3206
DELISTED
GAMCO Investors, Inc.
GBL
| $697K | ﹤0.01% |
41,271
+3,555
| +9% | +$72.7K |
|
3207
Esquire Financial Holdings
ESQ
$1.14B
| $695K | ﹤0.01% |
32,037
+4,090
| +15% | +$97K |
|
3208
Pixelworks
PXLW
$41.6M
| $693K | ﹤0.01% |
19,923
+1,423
| +8% | +$66.2K |
|
3209
EVI Industries
EVI
$180M
| $689K | ﹤0.01% |
20,686
-4,976
| -19% | -$186K |
|
|
LITS
3210
Lite Strategy Inc
LITS
$30.9M
| $689K | ﹤0.01% |
13,064
+1,037
| +9% | +$63.9K |
|
3211
XBiotech
XBIT
$69.2M
| $686K | ﹤0.01% |
135,163
| – | – |
|
|
TEI
3212
Templeton Emerging Markets Income Fund
TEI
$321M
| $683K | ﹤0.01% |
+71,055
| New | +$685K |
|
3213
Scotiabank
BNS
$108B
| $681K | ﹤0.01% |
13,675
-677
| -5% | -$36.5K |
|
|
RDS.A
3214
DELISTED
Royal Dutch Shell PLC ADS Class A
RDS.A
| $680K | ﹤0.01% |
11,670
-389
| -3% | -$24.1K |
|
|
DMK
3215
DELISTED
DMK Pharmaceuticals Corporation Common Stock
DMK
| $677K | ﹤0.01% |
4,305
+686
| +19% | +$132K |
|
3216
Dawson Geophysical
DWSN
$135M
| $674K | ﹤0.01% |
199,675
+13,525
| +7% | +$64.2K |
|
3217
Asure Software
ASUR
$250M
| $671K | ﹤0.01% |
132,250
+6,418
| +5% | +$52.9K |
|
3218
Lee Enterprises
LEE
$182M
| $670K | ﹤0.01% |
31,767
-6,825
| -18% | -$169K |
|
|
RVLP
3219
DELISTED
RVL Pharmaceuticals plc Ordinary Shares
RVLP
| $668K | ﹤0.01% |
+86,316
| New | +$691K |
|
3220
OptimizeRx
OPRX
$133M
| $667K | ﹤0.01% |
60,861
+45,440
| +295% | +$672K |
|
3221
STRATTEC Security
STRT
$361M
| $663K | ﹤0.01% |
23,033
| – | – |
|
3222
ADMA Biologics
ADMA
$2.22B
| $661K | ﹤0.01% |
276,930
+34,818
| +14% | +$172K |
|
|
SXCP
3223
DELISTED
SunCoke Energy Partners, L.P.
SXCP
| $661K | ﹤0.01% |
62,131
+30,203
| +95% | +$400K |
|
|
GMLP
3224
DELISTED
Golar LNG Partners LP
GMLP
| $658K | ﹤0.01% |
61,003
+3,101
| +5% | +$40.8K |
|
|
TLGT
3225
DELISTED
Teligent, Inc
TLGT
| $656K | ﹤0.01% |
47,949
+1,796
| +4% | +$46.9K |
|
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.