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 | |
|---|---|---|---|---|---|---|
1151
Americold
COLD
$4.27B
| $24.4M | 0.01% |
956,820
+146,263
| +18% | +$3.75M |
|
1152
Ingersoll Rand
IR
$33.7B
| $24.3M | 0.01% |
1,190,326
+230,081
| +24% | +$5.65M |
|
|
LEXEA
1153
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
| $24.3M | 0.01% |
621,175
+40,120
| +7% | +$1.67M |
|
1154
Valmont Industries
VMI
$9.53B
| $24.3M | 0.01% |
218,696
+7,541
| +4% | +$940K |
|
1155
Outfront Media
OUT
$5.5B
| $24.2M | 0.01% |
1,359,284
+53,477
| +4% | +$1.02M |
|
|
MDRX
1156
DELISTED
Veradigm Inc. Common Stock
MDRX
| $24.2M | 0.01% |
2,513,987
+167,430
| +7% | +$1.87M |
|
1157
Cleveland-Cliffs
CLF
$6.99B
| $24.2M | 0.01% |
3,148,509
+267,622
| +9% | +$2.68M |
|
1158
Match Group
MTCH
$8.55B
| $24.2M | 0.01% |
565,699
+56,727
| +11% | +$2.61M |
|
|
VRE
1159
DELISTED
Veris Residential
VRE
| $24.2M | 0.01% |
1,233,597
+79,521
| +7% | +$1.63M |
|
|
BECN
1160
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $24.1M | 0.01% |
761,064
+53,900
| +8% | +$1.66M |
|
1161
WesBanco
WSBC
$4B
| $24.1M | 0.01% |
656,303
+71,920
| +12% | +$2.93M |
|
1162
Repligen
RGEN
$9.25B
| $23.9M | 0.01% |
453,699
+44,186
| +11% | +$2.59M |
|
1163
Nutrien
NTR
$30.7B
| $23.9M | 0.01% |
513,112
+45,692
| +10% | +$2.38M |
|
1164
Novanta
NOVT
$6.29B
| $23.9M | 0.01% |
379,215
+37,821
| +11% | +$2.44M |
|
1165
Acadia Healthcare
ACHC
$2.94B
| $23.8M | 0.01% |
926,057
+56,110
| +6% | +$1.94M |
|
1166
Ubiquiti
UI
$34.3B
| $23.8M | 0.01% |
239,375
-7,173
| -3% | -$710K |
|
|
PRA
1167
DELISTED
ProAssurance
PRA
| $23.8M | 0.01% |
585,942
+59,250
| +11% | +$2.54M |
|
|
NXTM
1168
DELISTED
NxStage Medical Inc.
NXTM
| $23.8M | 0.01% |
830,123
+31,469
| +4% | +$894K |
|
|
FMBI
1169
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $23.7M | 0.01% |
1,197,710
+119,855
| +11% | +$2.75M |
|
1170
Evertec
EVTC
$1.78B
| $23.7M | 0.01% |
826,597
-19,253
| -2% | -$504K |
|
|
PCH
1171
DELISTED
PotlatchDeltic
PCH
| $23.7M | 0.01% |
749,193
+83,520
| +13% | +$2.98M |
|
|
BEL
1172
DELISTED
Belmond Ltd.
BEL
| $23.7M | 0.01% |
945,132
+114,500
| +14% | +$2.2M |
|
|
JBTM
1173
JBT Marel
JBTM
$6.39B
| $23.6M | 0.01% |
328,857
+19,774
| +6% | +$1.75M |
|
1174
ScottsMiracle-Gro
SMG
$3.66B
| $23.5M | 0.01% |
383,041
+28,231
| +8% | +$2.01M |
|
|
SAFM
1175
DELISTED
Sanderson Farms Inc
SAFM
| $23.5M | 0.01% |
236,930
+18,291
| +8% | +$1.87M |
|
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.