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 | |
|---|---|---|---|---|---|---|
1051
MasTec
MTZ
$21.9B
| $27.5M | 0.01% |
677,502
+55,834
| +9% | +$2.4M |
|
1052
Graham Holdings Company
GHC
$5.02B
| $27.4M | 0.01% |
42,835
+1,441
| +3% | +$890K |
|
1053
Avient
AVNT
$4.19B
| $27.4M | 0.01% |
956,936
+55,827
| +6% | +$1.87M |
|
|
B
1054
DELISTED
Barnes Group Inc.
B
| $27.3M | 0.01% |
508,810
+36,657
| +8% | +$2.15M |
|
1055
Strategic Education
STRA
$1.92B
| $27.3M | 0.01% |
240,502
+11,053
| +5% | +$1.41M |
|
1056
International Bancshares
IBOC
$4.57B
| $27.2M | 0.01% |
791,996
+45,359
| +6% | +$1.75M |
|
|
HI
1057
DELISTED
Hillenbrand
HI
| $27.2M | 0.01% |
717,955
+62,073
| +9% | +$2.84M |
|
1058
O-I Glass
OI
$1.08B
| $27.2M | 0.01% |
1,579,433
+61,310
| +4% | +$1.07M |
|
|
MIC
1059
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $27.2M | 0.01% |
744,560
-21,222
| -3% | -$850K |
|
1060
Old National Bancorp
ONB
$10.2B
| $27.2M | 0.01% |
1,764,286
+191,132
| +12% | +$3.41M |
|
1061
Omnicell
OMCL
$1.68B
| $27.1M | 0.01% |
442,184
+32,512
| +8% | +$2.2M |
|
1062
Eagle Materials
EXP
$6.57B
| $27.1M | 0.01% |
443,238
+20,184
| +5% | +$1.45M |
|
1063
Cirrus Logic
CRUS
$6.26B
| $27M | 0.01% |
814,830
+32,736
| +4% | +$1.21M |
|
1064
Monro
MNRO
$398M
| $27M | 0.01% |
392,705
+21,499
| +6% | +$1.57M |
|
1065
The GEO Group
GEO
$4.04B
| $26.9M | 0.01% |
1,367,317
+145,658
| +12% | +$3.3M |
|
1066
BOK Financial
BOKF
$8.74B
| $26.9M | 0.01% |
366,530
+20,036
| +6% | +$1.7M |
|
|
AJRD
1067
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $26.9M | 0.01% |
762,387
+86,769
| +13% | +$2.95M |
|
1068
MillerKnoll
MLKN
$1.67B
| $26.9M | 0.01% |
887,738
+60,758
| +7% | +$2.02M |
|
1069
Box
BOX
$4.6B
| $26.8M | 0.01% |
1,590,408
+17,470
| +1% | +$321K |
|
1070
Integer Holdings
ITGR
$4.26B
| $26.8M | 0.01% |
351,636
+25,002
| +8% | +$2M |
|
1071
Texas Capital Bancshares
TCBI
$4.32B
| $26.8M | 0.01% |
524,855
+49,522
| +10% | +$3.12M |
|
1072
Quaker Houghton
KWR
$2.92B
| $26.8M | 0.01% |
150,829
+10,044
| +7% | +$1.94M |
|
|
ESGR
1073
DELISTED
Enstar Group
ESGR
| $26.8M | 0.01% |
159,932
+4,701
| +3% | +$850K |
|
1074
Korn Ferry
KFY
$4.28B
| $26.8M | 0.01% |
677,337
+2,420
| +0.4% | +$109K |
|
1075
Atlassian
TEAM
$37.8B
| $26.7M | 0.01% |
300,255
+22,604
| +8% | +$1.79M |
|
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.