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 | |
|---|---|---|---|---|---|---|
751
Bank of Montreal
BMO
$127B
| $48.4M | 0.02% |
739,643
+86,282
| +13% | +$6.4M |
|
|
HR
752
DELISTED
Healthcare Realty Trust Incorporated
HR
| $48.3M | 0.01% |
1,698,171
+115,152
| +7% | +$3.34M |
|
753
Yum China
YUMC
$16.3B
| $48.2M | 0.01% |
1,441,671
+30,160
| +2% | +$1.03M |
|
|
JBGS
754
JBG SMITH
JBGS
$706M
| $48.1M | 0.01% |
1,382,879
+152,522
| +12% | +$5.73M |
|
755
Helen of Troy
HELE
$692M
| $48.1M | 0.01% |
366,870
+17,455
| +5% | +$2.29M |
|
756
Teva Pharmaceuticals
TEVA
$40.8B
| $48.1M | 0.01% |
3,126,584
+279,286
| +10% | +$5.73M |
|
757
HubSpot
HUBS
$10.5B
| $48.1M | 0.01% |
382,570
+34,178
| +10% | +$4.48M |
|
|
CIT
758
DELISTED
CIT Group Inc.
CIT
| $47.6M | 0.01% |
1,245,400
+223,475
| +22% | +$10.1M |
|
|
PACW
759
DELISTED
PacWest Bancorp
PACW
| $47.5M | 0.01% |
1,428,107
+100,221
| +8% | +$4M |
|
760
First Financial Bankshares
FFIN
$4.96B
| $47.5M | 0.01% |
1,645,326
+104,512
| +7% | +$3.14M |
|
761
EPR Properties
EPR
$4.73B
| $47.4M | 0.01% |
740,290
+97,850
| +15% | +$6.73M |
|
|
ZAYO
762
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $47.4M | 0.01% |
2,075,380
+172,751
| +9% | +$4.73M |
|
763
Hexcel
HXL
$7.76B
| $47.3M | 0.01% |
825,656
+38,230
| +5% | +$2.31M |
|
764
NetEase
NTES
$84B
| $47.3M | 0.01% |
1,009,530
-47,510
| -4% | -$2.14M |
|
765
Polaris
PII
$4.06B
| $47.1M | 0.01% |
615,100
+87,843
| +17% | +$7.89M |
|
766
Axalta
AXTA
$8.14B
| $47M | 0.01% |
2,010,459
+111,008
| +6% | +$2.76M |
|
767
Curtiss-Wright
CW
$25.6B
| $46.7M | 0.01% |
456,955
+34,519
| +8% | +$3.86M |
|
768
Insulet
PODD
$9.76B
| $46.6M | 0.01% |
587,079
+35,272
| +6% | +$2.98M |
|
|
LOXO
769
DELISTED
Loxo Oncology, Inc
LOXO
| $46.3M | 0.01% |
330,898
+15,413
| +5% | +$2.34M |
|
|
IBKC
770
DELISTED
IBERIABANK Corp
IBKC
| $46.3M | 0.01% |
720,988
+49,577
| +7% | +$3.64M |
|
771
Murphy Oil
MUR
$4.84B
| $46.3M | 0.01% |
1,980,418
+52,963
| +3% | +$1.62M |
|
772
Telephone and Data Systems
TDS
$3.63B
| $46.3M | 0.01% |
1,421,622
+334,975
| +31% | +$11.1M |
|
773
Madison Square Garden
MSGS
$9.4B
| $46.2M | 0.01% |
242,078
+24,468
| +11% | +$4.76M |
|
774
Webster Financial
WBS
$12.8B
| $46.2M | 0.01% |
936,640
+82,053
| +10% | +$4.69M |
|
775
EQT Corp
EQT
$32.4B
| $46.1M | 0.01% |
2,441,302
-3,348,779
| -58% | -$68M |
|
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.