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 | |
|---|---|---|---|---|---|---|
851
Ziff Davis
ZD
$1.98B
| $39.3M | 0.01% |
651,650
+50,107
| +8% | +$3.16M |
|
852
Hancock Whitney
HWC
$6.24B
| $39M | 0.01% |
1,126,056
+73,242
| +7% | +$2.97M |
|
853
Cable One
CABO
$212M
| $39M | 0.01% |
47,520
+4,420
| +10% | +$3.82M |
|
|
NUAN
854
DELISTED
Nuance Communications, Inc.
NUAN
| $38.9M | 0.01% |
3,397,086
+196,617
| +6% | +$2.75M |
|
|
MBFI
855
DELISTED
MB Financial Corp
MBFI
| $38.9M | 0.01% |
981,673
+75,009
| +8% | +$3.26M |
|
|
TRCO
856
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $38.9M | 0.01% |
856,887
-250,122
| -23% | -$10.1M |
|
857
Spire
SR
$4.85B
| $38.9M | 0.01% |
524,755
+36,785
| +8% | +$2.78M |
|
858
SLM Corp
SLM
$5.15B
| $38.8M | 0.01% |
4,672,277
+307,406
| +7% | +$3.06M |
|
859
Zillow
Z
$7.56B
| $38.6M | 0.01% |
1,224,472
+47,328
| +4% | +$1.68M |
|
860
Bruker
BRKR
$8.14B
| $38.6M | 0.01% |
1,296,967
-42,362
| -3% | -$1.34M |
|
861
Keurig Dr Pepper
KDP
$40.8B
| $38.6M | 0.01% |
1,503,573
+77,402
| +5% | +$1.97M |
|
862
Generac Holdings
GNRC
$12.5B
| $38.5M | 0.01% |
775,677
+63,194
| +9% | +$3.39M |
|
|
CZR
863
DELISTED
Caesars Entertainment Corporation
CZR
| $38.5M | 0.01% |
5,677,102
+188,947
| +3% | +$1.59M |
|
864
ICU Medical
ICUI
$4.61B
| $38.5M | 0.01% |
167,558
+9,865
| +6% | +$2.43M |
|
865
Jabil
JBL
$35.8B
| $38.4M | 0.01% |
1,549,455
+3,870
| +0.3% | +$94.5K |
|
866
Viasat
VSAT
$11.1B
| $38.3M | 0.01% |
649,189
+66,470
| +11% | +$4.31M |
|
867
Nutanix
NTNX
$16.9B
| $38.2M | 0.01% |
919,666
+140,610
| +18% | +$5.81M |
|
868
Glacier Bancorp
GBCI
$6.35B
| $38.2M | 0.01% |
963,015
+95,121
| +11% | +$4.09M |
|
|
NEWR
869
DELISTED
New Relic, Inc.
NEWR
| $38.1M | 0.01% |
470,182
+40,494
| +9% | +$3.41M |
|
870
Rexford Industrial Realty
REXR
$8.19B
| $37.9M | 0.01% |
1,287,227
+167,696
| +15% | +$5.31M |
|
|
HZNP
871
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $37.8M | 0.01% |
1,935,457
+158,342
| +9% | +$3.1M |
|
872
MKS Inc
MKSI
$20.6B
| $37.8M | 0.01% |
584,620
+35,731
| +7% | +$2.58M |
|
|
WWE
873
DELISTED
World Wrestling Entertainment
WWE
| $37.7M | 0.01% |
504,124
+71,849
| +17% | +$5.4M |
|
|
COUP
874
DELISTED
Coupa Software Incorporated
COUP
| $37.6M | 0.01% |
598,053
-532
| -0.1% | -$33.7K |
|
|
ESL
875
DELISTED
Esterline Technologies
ESL
| $37.5M | 0.01% |
308,551
+37,058
| +14% | +$4.28M |
|
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.