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 | |
|---|---|---|---|---|---|---|
|
SVC
676
Service Properties Trust
SVC
$1.1B
| $58M | 0.02% |
485,867
+35,751
| +8% | +$4.67M |
|
|
CONE
677
DELISTED
CyrusOne Inc Common Stock
CONE
| $57.9M | 0.02% |
1,094,343
+105,930
| +11% | +$6.05M |
|
|
AZPN
678
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $57.6M | 0.02% |
700,666
-78,073
| -10% | -$6.42M |
|
|
ZEN
679
DELISTED
ZENDESK INC
ZEN
| $57.6M | 0.02% |
986,067
+61,660
| +7% | +$3.55M |
|
680
Jones Lang LaSalle
JLL
$16.9B
| $57.5M | 0.02% |
454,778
+23,294
| +5% | +$3.15M |
|
|
HRC
681
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $57.4M | 0.02% |
647,698
+26,781
| +4% | +$2.43M |
|
|
SBNY
682
DELISTED
Signature Bank
SBNY
| $57M | 0.02% |
555,014
+26,684
| +5% | +$3M |
|
683
Donaldson
DCI
$11.3B
| $56.8M | 0.02% |
1,309,517
+80,514
| +7% | +$4.16M |
|
684
Acuity Brands
AYI
$10.8B
| $56.7M | 0.02% |
493,854
+20,542
| +4% | +$2.54M |
|
685
WEX
WEX
$6.46B
| $56.7M | 0.02% |
405,047
+23,136
| +6% | +$3.81M |
|
|
SRC
686
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $56.5M | 0.02% |
1,604,202
+146,945
| +10% | +$5.66M |
|
|
HPP
687
Hudson Pacific Properties
HPP
$806M
| $56.5M | 0.02% |
277,698
+14,665
| +6% | +$3.13M |
|
688
Post Holdings
POST
$3.57B
| $56M | 0.02% |
960,889
-10,956
| -1% | -$660K |
|
|
ARRS
689
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $56M | 0.02% |
1,830,947
-509,064
| -22% | -$14.1M |
|
690
Insperity
NSP
$2.05B
| $55.2M | 0.02% |
591,383
+30,939
| +6% | +$3.22M |
|
|
DNB
691
DELISTED
Dun & Bradstreet
DNB
| $55.1M | 0.02% |
385,839
+11,005
| +3% | +$1.57M |
|
692
Fair Isaac
FICO
$22.8B
| $55M | 0.02% |
294,328
+19,598
| +7% | +$3.82M |
|
|
BLUE
693
DELISTED
bluebird bio
BLUE
| $54.8M | 0.02% |
42,658
+3,335
| +8% | +$5.12M |
|
|
STOR
694
DELISTED
STORE Capital Corporation
STOR
| $54.8M | 0.02% |
1,935,183
+401,416
| +26% | +$11.7M |
|
|
DNKN
695
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $53.9M | 0.02% |
840,132
+53,768
| +7% | +$3.82M |
|
696
Cullen/Frost Bankers
CFR
$10.2B
| $53.8M | 0.02% |
611,344
+2,895
| +0.5% | +$282K |
|
697
Emcor
EME
$36.1B
| $53.7M | 0.02% |
900,415
+107,927
| +14% | +$7.47M |
|
698
Brighthouse Financial
BHF
$3.52B
| $53.4M | 0.02% |
1,755,585
+159,787
| +10% | +$6.23M |
|
699
LivaNova
LIVN
$4.12B
| $53.3M | 0.02% |
583,100
+24,561
| +4% | +$2.64M |
|
700
Wayfair
W
$14.7B
| $53.3M | 0.02% |
592,170
+78,626
| +15% | +$8.27M |
|
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.