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 | |
|---|---|---|---|---|---|---|
1001
Sprouts Farmers Market
SFM
$8.01B
| $30.4M | 0.01% |
1,292,059
+87,675
| +7% | +$2.28M |
|
1002
Dorman Products
DORM
$4.18B
| $30.4M | 0.01% |
337,180
+9,458
| +3% | +$756K |
|
1003
Columbia Banking Systems
COLB
$8.84B
| $30.3M | 0.01% |
835,332
+58,640
| +8% | +$2.2M |
|
|
CMD
1004
DELISTED
Cantel Medical Corporation
CMD
| $30.3M | 0.01% |
406,336
+24,177
| +6% | +$2M |
|
1005
Bank of Hawaii
BOH
$3.13B
| $30.2M | 0.01% |
448,147
-63,829
| -12% | -$4.86M |
|
1006
Hyatt Hotels
H
$16.7B
| $30.1M | 0.01% |
446,014
+39,199
| +10% | +$2.75M |
|
|
COR
1007
DELISTED
Coresite Realty Corporation
COR
| $30.1M | 0.01% |
345,559
+24,276
| +8% | +$2.36M |
|
|
PDM
1008
Piedmont Realty Trust
PDM
$1.19B
| $30.1M | 0.01% |
1,767,919
+162,893
| +10% | +$2.96M |
|
|
TCF
1009
DELISTED
TCF Financial Corporation Common Stock
TCF
| $30.1M | 0.01% |
821,489
+64,505
| +9% | +$2.95M |
|
1010
LiveRamp
RAMP
$2.3B
| $30M | 0.01% |
777,462
-26,606
| -3% | -$1.2M |
|
|
UNIT
1011
Uniti Group
UNIT
$2.32B
| $30M | 0.01% |
1,927,806
+247,076
| +15% | +$4.65M |
|
1012
Amdocs
DOX
$6.22B
| $30M | 0.01% |
512,329
-90,727
| -15% | -$5.69M |
|
|
JHG
1013
DELISTED
Janus Henderson
JHG
| $30M | 0.01% |
1,446,996
+68,425
| +5% | +$1.57M |
|
1014
Wendy's
WEN
$1.46B
| $29.9M | 0.01% |
1,917,851
+113,514
| +6% | +$1.94M |
|
|
STMP
1015
DELISTED
Stamps.com, Inc.
STMP
| $29.9M | 0.01% |
192,138
+15,760
| +9% | +$2.81M |
|
1016
Kennametal
KMT
$2.52B
| $29.9M | 0.01% |
897,794
+99,386
| +12% | +$3.77M |
|
|
CVSA
1017
Covista Inc
CVSA
$4.8B
| $29.6M | 0.01% |
625,608
+32,474
| +5% | +$1.66M |
|
1018
Columbia Sportswear
COLM
$2.93B
| $29.5M | 0.01% |
351,041
+39,664
| +13% | +$3.52M |
|
|
CXP
1019
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $29.4M | 0.01% |
1,521,738
+104,151
| +7% | +$2.23M |
|
|
BDN
1020
Brandywine Realty Trust
BDN
$554M
| $29.3M | 0.01% |
2,279,404
+190,913
| +9% | +$2.7M |
|
1021
Commault Systems
CVLT
$5.61B
| $29.3M | 0.01% |
495,605
+72,562
| +17% | +$4.28M |
|
1022
Avista
AVA
$3.24B
| $29.2M | 0.01% |
687,166
+45,108
| +7% | +$2.24M |
|
1023
Trinity Industries
TRN
$2.38B
| $29.2M | 0.01% |
1,416,160
-484,892
| -26% | -$11.2M |
|
1024
Brady Corp
BRC
$4.57B
| $29.1M | 0.01% |
669,646
+10,883
| +2% | +$453K |
|
|
SYNH
1025
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $29.1M | 0.01% |
738,567
+50,175
| +7% | +$2.33M |
|
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.