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 | |
|---|---|---|---|---|---|---|
|
CIM
776
Chimera Investment
CIM
$1B
| $46.1M | 0.01% |
858,242
+20,484
| +2% | +$1.12M |
|
|
EV
777
DELISTED
Eaton Vance Corp.
EV
| $45.9M | 0.01% |
1,306,590
+47,990
| +4% | +$2.03M |
|
778
Essent Group
ESNT
$6.33B
| $45.9M | 0.01% |
1,343,164
+104,923
| +8% | +$4.01M |
|
|
TMX
779
DELISTED
Terminix Global Holdings, Inc.
TMX
| $45.9M | 0.01% |
1,248,319
-517,079
| -29% | -$21.5M |
|
780
Watsco Inc
WSO
$13.6B
| $45.8M | 0.01% |
328,294
+22,758
| +7% | +$3.47M |
|
|
MDSO
781
DELISTED
Medidata Solutions, Inc.
MDSO
| $45.7M | 0.01% |
677,455
+58,069
| +9% | +$4.1M |
|
782
Alkermes
ALKS
$8.25B
| $45.6M | 0.01% |
1,546,255
+76,621
| +5% | +$2.82M |
|
783
Trade Desk
TTD
$6.48B
| $45.5M | 0.01% |
3,921,230
+315,250
| +9% | +$3.95M |
|
784
Sunstone Hotel Investors
SHO
$2.06B
| $45.3M | 0.01% |
3,485,508
+244,954
| +8% | +$3.6M |
|
785
Southwest Gas
SWX
$6.67B
| $45.3M | 0.01% |
591,797
+79,083
| +15% | +$6.35M |
|
|
LOGM
786
DELISTED
LogMein, Inc.
LOGM
| $45.2M | 0.01% |
554,222
+26,838
| +5% | +$2.26M |
|
787
Kemper
KMPR
$1.68B
| $45.2M | 0.01% |
680,471
+55,015
| +9% | +$4.01M |
|
788
ONE Gas
OGS
$5.04B
| $45.1M | 0.01% |
566,147
+51,508
| +10% | +$4.25M |
|
789
National Fuel Gas
NFG
$7.65B
| $44.8M | 0.01% |
875,797
+31,628
| +4% | +$1.73M |
|
|
SAGE
790
DELISTED
Sage Therapeutics
SAGE
| $44.8M | 0.01% |
467,917
+32,033
| +7% | +$3.67M |
|
|
WPX
791
DELISTED
WPX Energy, Inc.
WPX
| $44.8M | 0.01% |
3,944,865
+275,438
| +8% | +$4.18M |
|
792
Louisiana-Pacific
LPX
$5.49B
| $44.5M | 0.01% |
2,001,609
-363,742
| -15% | -$8.25M |
|
793
RLJ Lodging Trust
RLJ
$1.69B
| $44.5M | 0.01% |
2,710,922
+453,816
| +20% | +$8.82M |
|
794
Entegris
ENTG
$23.2B
| $44.4M | 0.01% |
1,591,981
+118,276
| +8% | +$3.2M |
|
|
CTLT
795
DELISTED
CATALENT, INC.
CTLT
| $44.4M | 0.01% |
1,422,860
+108,407
| +8% | +$4.18M |
|
796
TD Synnex
SNX
$20.2B
| $44.3M | 0.01% |
1,096,070
+390,732
| +55% | +$15.5M |
|
797
Littelfuse
LFUS
$11.6B
| $44.3M | 0.01% |
258,284
+20,859
| +9% | +$3.72M |
|
798
Radian Group
RDN
$4.91B
| $44.2M | 0.01% |
2,702,573
+322,154
| +14% | +$5.88M |
|
799
EastGroup Properties
EGP
$10.9B
| $44.1M | 0.01% |
480,444
+49,158
| +11% | +$4.74M |
|
800
Cousins Properties
CUZ
$4.88B
| $44M | 0.01% |
1,393,230
+93,346
| +7% | +$3.12M |
|
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.