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 | |
|---|---|---|---|---|---|---|
1126
Zurn Elkay Water Solutions
ZWS
$8.53B
| $25M | 0.01% |
2,260,081
+140,556
| +7% | +$1.82M |
|
1127
California Water Service
CWT
$3.12B
| $25M | 0.01% |
523,951
+44,255
| +9% | +$1.96M |
|
|
KW
1128
DELISTED
Kennedy-Wilson Holdings
KW
| $25M | 0.01% |
1,373,963
+151,877
| +12% | +$2.91M |
|
1129
First Bancorp
FBP
$4.38B
| $24.9M | 0.01% |
2,899,178
+122,165
| +4% | +$1.09M |
|
|
TSE
1130
DELISTED
Trinseo
TSE
| $24.9M | 0.01% |
544,121
-1,884
| -0.3% | -$102K |
|
|
SJI
1131
DELISTED
South Jersey Industries, Inc.
SJI
| $24.9M | 0.01% |
895,663
+42,543
| +5% | +$1.35M |
|
1132
CVB Financial
CVBF
$3.99B
| $24.9M | 0.01% |
1,228,653
+96,179
| +8% | +$2.08M |
|
1133
Edgewell Personal Care
EPC
$1.31B
| $24.8M | 0.01% |
664,527
+44,552
| +7% | +$1.94M |
|
|
ELME
1134
Elme Communities
ELME
$144M
| $24.8M | 0.01% |
1,078,821
+84,182
| +8% | +$2.32M |
|
1135
Genworth Financial
GNW
$3.71B
| $24.8M | 0.01% |
5,324,141
+432,946
| +9% | +$1.87M |
|
1136
Clean Harbors
CLH
$16.3B
| $24.8M | 0.01% |
502,684
+25,277
| +5% | +$1.57M |
|
1137
J&J Snack Foods
JJSF
$1.71B
| $24.8M | 0.01% |
171,253
+13,610
| +9% | +$2.07M |
|
1138
SouthState Bank Corp
SSB
$10.5B
| $24.7M | 0.01% |
412,314
+23,760
| +6% | +$1.65M |
|
1139
Ultragenyx Pharmaceutical
RARE
$2.55B
| $24.7M | 0.01% |
568,230
+63,118
| +12% | +$3.45M |
|
1140
Antero Resources
AR
$10.7B
| $24.6M | 0.01% |
2,624,491
-68,330
| -3% | -$1.01M |
|
1141
Westlake Corp
WLK
$9.9B
| $24.6M | 0.01% |
372,120
-1,309
| -0.4% | -$94.6K |
|
1142
KBR
KBR
$4.8B
| $24.6M | 0.01% |
1,620,410
+32,616
| +2% | +$610K |
|
1143
AutoNation
AN
$6.92B
| $24.6M | 0.01% |
688,848
+50,750
| +8% | +$1.92M |
|
1144
Tandem Diabetes Care
TNDM
$1.56B
| $24.6M | 0.01% |
647,594
+61,922
| +11% | +$2.19M |
|
1145
Progress Software
PRGS
$1.76B
| $24.6M | 0.01% |
692,135
+18,371
| +3% | +$613K |
|
1146
Northwest Bancshares
NWBI
$2.28B
| $24.5M | 0.01% |
1,448,413
+57,955
| +4% | +$978K |
|
1147
PENN Entertainment
PENN
$2.71B
| $24.5M | 0.01% |
1,302,174
+313,346
| +32% | +$7.45M |
|
1148
RH
RH
$3.71B
| $24.5M | 0.01% |
204,078
+18,853
| +10% | +$2.27M |
|
1149
Sally Beauty Holdings
SBH
$1.58B
| $24.4M | 0.01% |
1,433,720
+125,922
| +10% | +$2.36M |
|
1150
MGE Energy Inc
MGEE
$3.08B
| $24.4M | 0.01% |
407,619
+76,370
| +23% | +$4.87M |
|
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.