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 | |
|---|---|---|---|---|---|---|
826
ITT
ITT
$19.1B
| $42M | 0.01% |
869,862
+45,182
| +5% | +$2.39M |
|
827
Selective Insurance
SIGI
$5.73B
| $41.9M | 0.01% |
688,212
+38,044
| +6% | +$2.37M |
|
828
Dolby
DLB
$5.79B
| $41.8M | 0.01% |
676,094
+60,962
| +10% | +$4.1M |
|
829
Green Dot
GDOT
$745M
| $41.7M | 0.01% |
525,012
+7,851
| +2% | +$620K |
|
830
Nexstar Media Group
NXST
$5.92B
| $41.7M | 0.01% |
530,870
+38,635
| +8% | +$3.06M |
|
|
BMS
831
DELISTED
Bemis
BMS
| $41.6M | 0.01% |
905,431
+64,962
| +8% | +$3.03M |
|
832
Silicon Laboratories
SLAB
$7.23B
| $41.5M | 0.01% |
526,626
+70,432
| +15% | +$5.85M |
|
|
NFX
833
DELISTED
Newfield Exploration
NFX
| $41.4M | 0.01% |
2,825,198
+323,767
| +13% | +$6.51M |
|
834
Cinemark Holdings
CNK
$4.32B
| $41.3M | 0.01% |
1,153,475
+169,339
| +17% | +$6.69M |
|
|
SIX
835
DELISTED
Six Flags Entertainment Corp.
SIX
| $41.1M | 0.01% |
736,313
+64,396
| +10% | +$3.85M |
|
|
KYNB
836
Kyntra Bio
KYNB
$29.4M
| $40.7M | 0.01% |
35,204
+2,013
| +6% | +$2.26M |
|
837
Prosperity Bancshares
PB
$8.86B
| $40.7M | 0.01% |
652,626
+49,108
| +8% | +$3.24M |
|
|
GRA
838
DELISTED
W.R. Grace & Co.
GRA
| $40.5M | 0.01% |
623,801
+30,216
| +5% | +$1.95M |
|
839
Universal Display
OLED
$4.19B
| $40.4M | 0.01% |
431,907
+32,314
| +8% | +$3.26M |
|
840
JD.com
JD
$44.5B
| $40.4M | 0.01% |
1,938,331
+2,108
| +0.1% | +$47.2K |
|
841
Coty
COTY
$2.48B
| $40.1M | 0.01% |
6,126,184
+723,539
| +13% | +$6.68M |
|
|
WRI
842
DELISTED
Weingarten Realty Investors
WRI
| $40M | 0.01% |
1,613,004
+79,041
| +5% | +$2.2M |
|
843
Western Alliance Bancorporation
WAL
$8.87B
| $40M | 0.01% |
1,012,698
+55,995
| +6% | +$2.65M |
|
844
Brunswick
BC
$5.28B
| $39.8M | 0.01% |
855,784
+68,803
| +9% | +$3.68M |
|
845
Under Armour Class C
UA
$2.53B
| $39.6M | 0.01% |
2,454,709
+245,013
| +11% | +$4.64M |
|
846
Ollie's Bargain Outlet
OLLI
$4.94B
| $39.6M | 0.01% |
594,728
+62,617
| +12% | +$5.21M |
|
847
Hawaiian Electric Industries
HE
$2.14B
| $39.5M | 0.01% |
1,080,009
+66,153
| +7% | +$2.45M |
|
|
LSXMA
848
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $39.5M | 0.01% |
1,488,016
+116,642
| +9% | +$3.36M |
|
849
Wintrust Financial
WTFC
$10.7B
| $39.4M | 0.01% |
591,992
+31,125
| +6% | +$2.37M |
|
850
HEICO Corp Class A
HEI.A
$37.2B
| $39.3M | 0.01% |
624,462
+21,590
| +4% | +$1.45M |
|
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.