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 |
Praxair Inc
PX
|
+$555M |
| 4 |
COL
Rockwell Collins
COL
|
+$293M |
| 5 |
CA, Inc.
CA
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.02% |
| 2 | Financials | 15.32% |
| 3 | Healthcare | 15.13% |
| 4 | Consumer Discretionary | 10.15% |
| 5 | Communication Services | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Salesforce
CRM
$198B
| $1.23B | 0.38% |
8,972,048
+625,285
| +7% | +$86M |
2013 Q2
22 quarters
|
|
52
Texas Instruments
TXN
$252B
| $1.22B | 0.38% |
12,920,679
+240,456
| +2% | +$23.3M |
2013 Q2
22 quarters
|
|
53
PayPal
PYPL
$48.5B
| $1.21B | 0.37% |
14,422,120
+851,398
| +6% | +$70.9M |
2015 Q3
13 quarters
|
|
54
Accenture
ACN
$141B
| $1.19B | 0.37% |
8,446,583
+383,234
| +5% | +$60.6M |
2013 Q2
22 quarters
|
|
55
Starbucks
SBUX
$111B
| $1.12B | 0.35% |
17,417,876
-171,495
| -1% | -$10.7M |
2013 Q2
22 quarters
|
|
56
Thermo Fisher Scientific
TMO
$255B
| $1.09B | 0.34% |
4,897,714
+422,625
| +9% | +$99.2M |
2013 Q2
22 quarters
|
|
57
NVIDIA
NVDA
$5.17T
| $1.08B | 0.33% |
325,160,280
+10,671,160
| +3% | +$51.1M |
2013 Q2
22 quarters
|
|
58
CVS Health
CVS
$118B
| $1.08B | 0.33% |
16,462,292
+4,376,604
| +36% | +$327M |
2013 Q2
22 quarters
|
|
59
Booking.com
BKNG
$123B
| $1.06B | 0.33% |
15,382,650
+589,775
| +4% | +$43.3M |
2013 Q2
22 quarters
|
|
60
RTX Corp
RTX
$261B
| $1.06B | 0.33% |
15,772,594
+2,055,399
| +15% | +$161M |
2013 Q2
22 quarters
|
|
61
Bristol-Myers Squibb
BMY
$122B
| $1.05B | 0.33% |
20,316,339
-196,511
| -1% | -$10.6M |
2013 Q2
22 quarters
|
|
62
Gilead Sciences
GILD
$194B
| $1.05B | 0.33% |
16,867,065
+835,915
| +5% | +$58.4M |
2013 Q2
22 quarters
|
|
63
NextEra Energy
NEE
$166B
| $1.02B | 0.32% |
23,580,872
+2,031,840
| +9% | +$88.9M |
2013 Q2
22 quarters
|
|
|
64
Linde
LIN
$230B
| $998M | 0.31% |
+6,406,340
| New | +$1.01B |
2018 Q4
0 quarters
|
|
65
Lowe's Companies
LOW
$111B
| $953M | 0.29% |
10,336,009
+728,740
| +8% | +$70.3M |
2013 Q2
22 quarters
|
|
66
ConocoPhillips
COP
$176B
| $940M | 0.29% |
15,108,105
+659,942
| +5% | +$44.9M |
2013 Q2
22 quarters
|
|
|
67
Cigna
CI
$79.9B
| $936M | 0.29% |
4,939,173
+1,876,556
| +61% | +$391M |
2013 Q2
22 quarters
|
|
68
Lockheed Martin
LMT
$127B
| $895M | 0.28% |
3,422,800
+691,751
| +25% | +$210M |
2013 Q2
22 quarters
|
|
69
Qualcomm
QCOM
$184B
| $891M | 0.28% |
15,680,866
-794,717
| -5% | -$48.3M |
2013 Q2
22 quarters
|
|
70
Caterpillar
CAT
$336B
| $891M | 0.28% |
7,022,665
+321,277
| +5% | +$41.8M |
2013 Q2
22 quarters
|
|
71
Elevance Health
ELV
$92.9B
| $888M | 0.27% |
3,387,625
+273,738
| +9% | +$75.3M |
2013 Q2
22 quarters
|
|
72
CME Group
CME
$106B
| $886M | 0.27% |
4,715,269
+537,917
| +13% | +$99.3M |
2013 Q2
22 quarters
|
|
73
US Bancorp
USB
$91.5B
| $836M | 0.26% |
18,322,754
+1,285,265
| +8% | +$66.2M |
2013 Q2
22 quarters
|
|
74
American Tower
AMT
$86.3B
| $828M | 0.26% |
5,244,004
+525,601
| +11% | +$82.2M |
2013 Q2
22 quarters
|
|
75
Automatic Data Processing
ADP
$114B
| $820M | 0.25% |
6,258,804
+496,843
| +9% | +$70.1M |
2013 Q2
22 quarters
|
|
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.