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 | |
|---|---|---|---|---|---|---|
|
VSI
3226
DELISTED
Vitamin Shoppe Inc.
VSI
| $656K | ﹤0.01% |
138,564
-27,541
| -17% | -$207K |
|
3227
Biglari Holdings Class A
BH.A
$1.21B
| $655K | ﹤0.01% |
1,115
+112
| +11% | +$86.8K |
|
3228
Suburban Propane Partners
SPH
$1.17B
| $654K | ﹤0.01% |
+33,959
| New | +$764K |
|
|
MBII
3229
DELISTED
Marrone Bio Innovations, Inc.
MBII
| $652K | ﹤0.01% |
443,611
+24,460
| +6% | +$37.5K |
|
|
GIFI
3230
DELISTED
Gulf Island Fabrication
GIFI
| $647K | ﹤0.01% |
89,651
-4,200
| -4% | -$35.4K |
|
|
DZSI
3231
DELISTED
DZS Inc. Common Stock
DZSI
| $647K | ﹤0.01% |
46,542
+2,744
| +6% | +$37.1K |
|
3232
Gold Fields
GFI
$36.5B
| $646K | ﹤0.01% |
183,794
-28,939
| -14% | -$85.4K |
|
3233
Smart Sand
SND
$194M
| $646K | ﹤0.01% |
291,187
+56,914
| +24% | +$179K |
|
3234
Nature's Sunshine
NATR
$288M
| $642K | ﹤0.01% |
78,822
+3,648
| +5% | +$31.6K |
|
|
PRTHW
3235
DELISTED
Priority Technology Holdings, Inc. Warrant
PRTHW
| $641K | ﹤0.01% |
493,300
| – | – |
|
|
ACGN
3236
DELISTED
Aceragen Inc
ACGN
| $638K | ﹤0.01% |
13,577
+499
| +4% | +$57.4K |
|
3237
Kopin
KOPN
$791M
| $635K | ﹤0.01% |
636,382
+21,327
| +3% | +$38.4K |
|
|
CARM
3238
DELISTED
Carisma Therapeutics
CARM
| $632K | ﹤0.01% |
22,256
| – | – |
|
|
NWHM
3239
DELISTED
THE NEW HOME COMPANY INC.
NWHM
| $627K | ﹤0.01% |
119,932
+5,598
| +5% | +$39.5K |
|
3240
Valhi
VHI
$450M
| $626K | ﹤0.01% |
27,049
-8,099
| -23% | -$203K |
|
|
LOGC
3241
DELISTED
LogicBio Therapeutics, Inc. Common Stock
LOGC
| $626K | ﹤0.01% |
+60,199
| New | +$727K |
|
3242
Digital Turbine
APPS
$1.74B
| $625K | ﹤0.01% |
341,791
| – | – |
|
3243
Construction Partners
ROAD
$6.77B
| $623K | ﹤0.01% |
70,571
+1,269
| +2% | +$12.3K |
|
|
TTPH
3244
DELISTED
Tetraphase Pharmaceuticals, Inc.
TTPH
| $623K | ﹤0.01% |
27,592
+1,093
| +4% | +$42.7K |
|
3245
Stagwell
STGW
$2.24B
| $622K | ﹤0.01% |
238,408
-8,288
| -3% | -$23.6K |
|
|
CLCT
3246
DELISTED
Collectors Universe
CLCT
| $622K | ﹤0.01% |
54,803
| – | – |
|
|
DOO
3247
Bombardier Recreational Products
DOO
$4.77B
| $621K | ﹤0.01% |
+24,000
| New | +$866K |
|
3248
Teekay Tankers
TNK
$2.68B
| $620K | ﹤0.01% |
83,617
+13,174
| +19% | +$113K |
|
3249
Lloyds Banking Group
LYG
$91.3B
| $618K | ﹤0.01% |
241,942
+8,625
| +4% | +$24.5K |
|
3250
Flotek Industries
FTK
$1.28B
| $617K | ﹤0.01% |
94,397
+4,291
| +5% | +$43.4K |
|
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.