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 | |
|---|---|---|---|---|---|---|
1176
SiteOne Landscape Supply
SITE
$4.53B
| $23.5M | 0.01% |
425,009
+39,811
| +10% | +$2.5M |
|
1177
Patterson-UTI
PTEN
$3.76B
| $23.5M | 0.01% |
2,268,509
+88,404
| +4% | +$1.3M |
|
1178
Shenandoah Telecom
SHEN
$746M
| $23.5M | 0.01% |
530,558
+32,327
| +6% | +$1.38M |
|
|
ENV
1179
DELISTED
ENVESTNET, INC.
ENV
| $23.5M | 0.01% |
476,928
+36,189
| +8% | +$1.94M |
|
1180
Simpson Manufacturing
SSD
$8.16B
| $23.4M | 0.01% |
432,946
+33,498
| +8% | +$1.97M |
|
1181
Usana Health Sciences
USNA
$286M
| $23.4M | 0.01% |
199,021
+12,445
| +7% | +$1.44M |
|
1182
Otter Tail
OTTR
$3.94B
| $23.4M | 0.01% |
471,635
+41,911
| +10% | +$2M |
|
|
ARGO
1183
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $23.4M | 0.01% |
347,750
+22,769
| +7% | +$1.48M |
|
|
CHSP
1184
DELISTED
Chesapeake Lodging Trust
CHSP
| $23.3M | 0.01% |
955,576
+61,413
| +7% | +$1.77M |
|
1185
Hilton Grand Vacations
HGV
$3.55B
| $23.2M | 0.01% |
880,344
+42,543
| +5% | +$1.23M |
|
|
SWN
1186
DELISTED
Southwestern Energy Company
SWN
| $23.2M | 0.01% |
6,799,075
+507,867
| +8% | +$2.5M |
|
|
PDCO
1187
DELISTED
Patterson Companies, Inc.
PDCO
| $23.1M | 0.01% |
1,176,592
+15,646
| +1% | +$365K |
|
1188
Deluxe
DLX
$1.15B
| $22.9M | 0.01% |
596,046
+33,298
| +6% | +$1.59M |
|
1189
Designer Brands
DBI
$333M
| $22.9M | 0.01% |
927,029
+36,327
| +4% | +$975K |
|
1190
Wingstop
WING
$3.18B
| $22.9M | 0.01% |
356,526
+27,837
| +8% | +$1.82M |
|
|
ELLI
1191
DELISTED
Ellie Mae Inc
ELLI
| $22.8M | 0.01% |
363,515
+33,722
| +10% | +$2.4M |
|
1192
CNX Resources
CNX
$5.2B
| $22.8M | 0.01% |
1,999,815
+79,739
| +4% | +$1.1M |
|
|
GTLS
1193
DELISTED
Chart Industries
GTLS
| $22.8M | 0.01% |
351,182
+27,985
| +9% | +$1.85M |
|
|
AVNS
1194
DELISTED
Avanos Medical
AVNS
| $22.8M | 0.01% |
509,752
+48,245
| +10% | +$2.53M |
|
1195
H.B. Fuller
FUL
$3.28B
| $22.7M | 0.01% |
532,754
+48,148
| +10% | +$2.18M |
|
1196
Conduent
CNDT
$264M
| $22.7M | 0.01% |
2,132,564
-16,094
| -0.7% | -$251K |
|
1197
ABM Industries
ABM
$2.84B
| $22.5M | 0.01% |
700,426
+47,990
| +7% | +$1.47M |
|
|
BEAT
1198
DELISTED
BioTelemetry, Inc.
BEAT
| $22.5M | 0.01% |
376,618
+39,722
| +12% | +$2.38M |
|
1199
Element Solutions
ESI
$9.23B
| $22.5M | 0.01% |
2,176,940
+167,650
| +8% | +$1.85M |
|
1200
Independent Bank
INDB
$3.97B
| $22.5M | 0.01% |
319,369
+21,991
| +7% | +$1.71M |
|
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.