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 | |
|---|---|---|---|---|---|---|
901
Cathay General Bancorp
CATY
$4.24B
| $36.1M | 0.01% |
1,077,167
+95,598
| +10% | +$3.62M |
|
902
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $36.1M | 0.01% |
782,490
+53,626
| +7% | +$2.84M |
|
903
American Eagle Outfitters
AEO
$3.01B
| $36M | 0.01% |
1,863,590
+223,029
| +14% | +$4.64M |
|
|
WMGI
904
DELISTED
Wright Medical Group Inc
WMGI
| $36M | 0.01% |
1,323,373
+96,357
| +8% | +$2.66M |
|
905
RBC Bearings
RBC
$18B
| $35.9M | 0.01% |
273,536
+20,286
| +8% | +$2.95M |
|
906
FirstCash
FCFS
$8.78B
| $35.8M | 0.01% |
495,495
+51,800
| +12% | +$4.13M |
|
|
TXNM
907
TXNM Energy Inc
TXNM
$5.94B
| $35.8M | 0.01% |
872,225
+81,603
| +10% | +$3.34M |
|
908
Travel + Leisure Co
TNL
$4.7B
| $35.7M | 0.01% |
996,595
+19,346
| +2% | +$753K |
|
909
Flowers Foods
FLO
$1.57B
| $35.7M | 0.01% |
1,931,348
+53,099
| +3% | +$1.02M |
|
910
Crane NXT
CXT
$3.07B
| $35.7M | 0.01% |
1,422,145
+54,228
| +4% | +$1.61M |
|
911
Performance Food Group
PFGC
$18B
| $35.6M | 0.01% |
1,103,118
+85,430
| +8% | +$2.71M |
|
|
ARRY
912
DELISTED
Array Biopharma Inc
ARRY
| $35.5M | 0.01% |
2,494,726
+174,315
| +8% | +$2.64M |
|
913
Olin
OLN
$2.12B
| $35.4M | 0.01% |
1,760,528
+129,008
| +8% | +$2.75M |
|
914
Lumentum
LITE
$69.3B
| $35.3M | 0.01% |
841,361
+168,489
| +25% | +$8.3M |
|
915
Neogen
NEOG
$2.5B
| $35.3M | 0.01% |
1,239,114
+101,248
| +9% | +$3.17M |
|
916
First Solar
FSLR
$26.9B
| $35.3M | 0.01% |
831,316
-7,013
| -0.8% | -$308K |
|
917
Tetra Tech
TTEK
$9.07B
| $35.2M | 0.01% |
3,402,895
+399,720
| +13% | +$4.96M |
|
|
RPAI
918
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $35.2M | 0.01% |
3,245,785
-33,905
| -1% | -$405K |
|
919
Carter's
CRI
$1.47B
| $35.2M | 0.01% |
430,909
+10,307
| +2% | +$937K |
|
920
Sabra Healthcare REIT
SBRA
$5.37B
| $35.2M | 0.01% |
2,134,155
+258,266
| +14% | +$5.2M |
|
921
Penumbra
PEN
$12.8B
| $35.1M | 0.01% |
287,505
+21,488
| +8% | +$2.88M |
|
922
Brink's
BCO
$4.62B
| $35M | 0.01% |
541,449
+41,350
| +8% | +$2.73M |
|
923
First Citizens BancShares
FCNCA
$25.3B
| $35M | 0.01% |
92,838
+4,602
| +5% | +$1.93M |
|
|
RP
924
DELISTED
RealPage, Inc.
RP
| $35M | 0.01% |
725,638
+45,662
| +7% | +$2.39M |
|
925
Globus Medical
GMED
$11.2B
| $35M | 0.01% |
807,842
+39,789
| +5% | +$1.99M |
|
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.