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 | |
|---|---|---|---|---|---|---|
|
NUVA
1026
DELISTED
NuVasive, Inc.
NUVA
| $29M | 0.01% |
584,788
+40,600
| +7% | +$2.44M |
|
|
FNSR
1027
DELISTED
Finisar Corp
FNSR
| $29M | 0.01% |
1,341,512
+128,736
| +11% | +$2.56M |
|
1028
Qualys
QLYS
$6.35B
| $29M | 0.01% |
387,519
+33,263
| +9% | +$2.51M |
|
|
VSM
1029
DELISTED
Versum Materials, Inc.
VSM
| $28.9M | 0.01% |
1,044,328
+70,208
| +7% | +$2.22M |
|
1030
ATI
ATI
$31.1B
| $28.9M | 0.01% |
1,328,777
+96,014
| +8% | +$2.49M |
|
|
AXON
1031
Axon Enterprise
AXON
$46.4B
| $28.9M | 0.01% |
661,195
+63,050
| +11% | +$3.27M |
|
1032
Boston Beer
SAM
$1.92B
| $28.9M | 0.01% |
120,005
+5,179
| +5% | +$1.45M |
|
1033
FIVE9
FIVN
$2.6B
| $28.6M | 0.01% |
653,681
+58,150
| +10% | +$2.34M |
|
1034
RLI Corp
RLI
$5.89B
| $28.5M | 0.01% |
827,110
+70,058
| +9% | +$2.55M |
|
1035
Trip.com Group
TCOM
$29.1B
| $28.5M | 0.01% |
1,057,250
-15,579
| -1% | -$475K |
|
1036
COPT Defense Properties
CDP
$4.21B
| $28.4M | 0.01% |
1,349,969
+89,540
| +7% | +$2.28M |
|
1037
GATX Corp
GATX
$6.27B
| $28.3M | 0.01% |
400,121
+29,097
| +8% | +$2.29M |
|
|
TWOU
1038
DELISTED
2U Inc
TWOU
| $28.3M | 0.01% |
18,979
+1,182
| +7% | +$2.08M |
|
1039
Thor Industries
THO
$4.14B
| $28.3M | 0.01% |
544,009
+45,673
| +9% | +$3.09M |
|
|
CLGX
1040
DELISTED
Corelogic, Inc.
CLGX
| $28.3M | 0.01% |
846,070
+42,269
| +5% | +$1.71M |
|
1041
AMC Global Media
AMCX
$489M
| $28.2M | 0.01% |
514,652
+76,808
| +18% | +$4.49M |
|
|
BCPC
1042
Balchem Corp
BCPC
$5.72B
| $28.2M | 0.01% |
359,495
+23,276
| +7% | +$2.1M |
|
|
COHR
1043
DELISTED
Coherent Inc
COHR
| $28M | 0.01% |
264,429
+17,200
| +7% | +$2.21M |
|
1044
STAG Industrial
STAG
$7.19B
| $27.9M | 0.01% |
1,121,785
+114,578
| +11% | +$3M |
|
1045
NCR Voyix
VYX
$1.14B
| $27.9M | 0.01% |
1,969,382
+258,924
| +15% | +$4.07M |
|
1046
CarGurus
CARG
$3.52B
| $27.8M | 0.01% |
824,067
+98,854
| +14% | +$3.96M |
|
1047
AMN Healthcare
AMN
$1.4B
| $27.7M | 0.01% |
489,762
+22,262
| +5% | +$1.25M |
|
1048
CoreCivic
CXW
$3.19B
| $27.7M | 0.01% |
1,555,359
+621
| +0% | +$13.6K |
|
1049
Diamondrock Hospitality Co
DRH
$2.56B
| $27.7M | 0.01% |
3,046,592
+230,166
| +8% | +$2.37M |
|
|
THS
1050
DELISTED
Treehouse Foods
THS
| $27.6M | 0.01% |
544,375
+20,018
| +4% | +$987K |
|
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.