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 | |
|---|---|---|---|---|---|---|
1201
Cheesecake Factory
CAKE
$5.33B
| $22.4M | 0.01% |
515,688
+30,830
| +6% | +$1.49M |
|
1202
Choice Hotels
CHH
$4.8B
| $22.4M | 0.01% |
313,296
+12,542
| +4% | +$942K |
|
1203
DigitalBridge
DBRG
$2.95B
| $22.4M | 0.01% |
1,195,760
+48,338
| +4% | +$1.11M |
|
|
P
1204
DELISTED
Pandora Media Inc
P
| $22.4M | 0.01% |
2,763,097
+166,077
| +6% | +$1.43M |
|
1205
Coherent
COHR
$74.2B
| $22.3M | 0.01% |
686,345
+75,549
| +12% | +$2.82M |
|
1206
First Hawaiian
FHB
$3.35B
| $22.3M | 0.01% |
989,405
+33,650
| +4% | +$832K |
|
1207
Halozyme
HALO
$12.2B
| $22.2M | 0.01% |
1,520,657
+76,753
| +5% | +$1.22M |
|
1208
Pacira BioSciences
PCRX
$997M
| $22.2M | 0.01% |
516,774
+35,635
| +7% | +$1.66M |
|
1209
The Ensign Group
ENSG
$10.7B
| $22.2M | 0.01% |
612,384
+61,812
| +11% | +$2.41M |
|
|
MDP
1210
DELISTED
Meredith Corporation
MDP
| $22.2M | 0.01% |
427,683
+41,172
| +11% | +$2.23M |
|
1211
Applied Industrial Technologies
AIT
$13.3B
| $22.1M | 0.01% |
410,522
+30,617
| +8% | +$2M |
|
|
LTC
1212
LTC Properties
LTC
$2.15B
| $22.1M | 0.01% |
531,273
+31,098
| +6% | +$1.36M |
|
1213
Signet Jewelers
SIG
$3.76B
| $22.1M | 0.01% |
695,119
-16,603
| -2% | -$833K |
|
1214
Dana Inc
DAN
$3.06B
| $22M | 0.01% |
1,617,488
+175,414
| +12% | +$2.66M |
|
1215
Liberty Broadband Class A
LBRDA
$5.16B
| $22M | 0.01% |
306,757
+56,177
| +22% | +$4.51M |
|
|
ARNA
1216
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $22M | 0.01% |
565,289
+42,070
| +8% | +$1.65M |
|
|
PR
1217
Permian Resources
PR
$16.9B
| $22M | 0.01% |
1,993,483
+102,502
| +5% | +$1.76M |
|
|
PDCE
1218
DELISTED
PDC Energy, Inc.
PDCE
| $21.9M | 0.01% |
736,641
+48,261
| +7% | +$1.94M |
|
1219
Trustmark
TRMK
$2.75B
| $21.8M | 0.01% |
768,479
+38,130
| +5% | +$1.18M |
|
1220
Fabrinet
FN
$20.1B
| $21.8M | 0.01% |
425,370
+68,991
| +19% | +$3.31M |
|
1221
Terreno Realty
TRNO
$7.49B
| $21.7M | 0.01% |
616,792
+78,547
| +15% | +$2.93M |
|
|
AAT
1222
American Assets Trust
AAT
$1.4B
| $21.7M | 0.01% |
539,217
+111,339
| +26% | +$4.34M |
|
1223
Paylocity
PCTY
$7.98B
| $21.7M | 0.01% |
359,737
+29,387
| +9% | +$1.88M |
|
1224
John Wiley & Sons Class A
WLY
$2.66B
| $21.7M | 0.01% |
461,087
+32,461
| +8% | +$1.75M |
|
1225
Sinclair Inc
SBGI
$1.03B
| $21.6M | 0.01% |
819,238
+47,414
| +6% | +$1.38M |
|
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.