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 | |
|---|---|---|---|---|---|---|
|
LM
1226
DELISTED
Legg Mason, Inc.
LM
| $21.6M | 0.01% |
844,812
+32,581
| +4% | +$913K |
|
1227
KB Home
KBH
$3.59B
| $21.5M | 0.01% |
1,126,593
+281
| +0% | +$5.77K |
|
|
VG
1228
DELISTED
Vonage Holdings Corporation
VG
| $21.5M | 0.01% |
2,462,431
+228,805
| +10% | +$2.62M |
|
1229
Belden
BDC
$5.19B
| $21.5M | 0.01% |
513,997
+27,040
| +6% | +$1.47M |
|
|
PEGI
1230
DELISTED
Pattern Energy Group Inc. Class A
PEGI
| $21.5M | 0.01% |
1,152,398
+229,260
| +25% | +$4.46M |
|
|
WDR
1231
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $21.4M | 0.01% |
1,185,192
+3,834
| +0.3% | +$74.7K |
|
|
TVPT
1232
DELISTED
Travelport Worldwide Limited
TVPT
| $21.4M | 0.01% |
1,369,017
-223,421
| -14% | -$3.41M |
|
|
EE
1233
DELISTED
El Paso Electric Company
EE
| $21.3M | 0.01% |
425,158
+25,821
| +6% | +$1.45M |
|
|
CADE
1234
DELISTED
Cadence Bancorporation
CADE
| $21.2M | 0.01% |
1,263,456
+527,759
| +72% | +$11.2M |
|
1235
Cogent Communications
CCOI
$508M
| $21.1M | 0.01% |
467,491
+27,584
| +6% | +$1.37M |
|
|
IMPV
1236
DELISTED
Imperva, Inc.
IMPV
| $21.1M | 0.01% |
378,119
+28,240
| +8% | +$1.53M |
|
1237
Agree Realty
ADC
$9.41B
| $21M | 0.01% |
355,955
+44,639
| +14% | +$2.55M |
|
1238
Franklin Electric
FELE
$4.84B
| $21M | 0.01% |
490,437
+47,858
| +11% | +$2.07M |
|
1239
Power Integrations
POWI
$3.61B
| $21M | 0.01% |
689,586
+34,712
| +5% | +$1.02M |
|
1240
Equitable Holdings
EQH
$14.1B
| $21M | 0.01% |
1,265,795
+158,532
| +14% | +$3.09M |
|
|
FOLD
1241
DELISTED
Amicus Therapeutics
FOLD
| $20.9M | 0.01% |
2,183,679
+180,938
| +9% | +$1.99M |
|
|
GHDX
1242
DELISTED
Genomic Health, Inc.
GHDX
| $20.9M | 0.01% |
324,528
+60,616
| +23% | +$4.25M |
|
|
EPAY
1243
DELISTED
Bottomline Technologies Inc
EPAY
| $20.9M | 0.01% |
434,938
+46,976
| +12% | +$2.72M |
|
1244
Azenta
AZTA
$1.48B
| $20.8M | 0.01% |
796,306
+48,947
| +7% | +$1.43M |
|
1245
Medifast
MED
$141M
| $20.8M | 0.01% |
166,518
+10,925
| +7% | +$1.87M |
|
1246
Capitol Federal Financial
CFFN
$1.1B
| $20.7M | 0.01% |
1,621,395
+127,875
| +9% | +$1.64M |
|
1247
Minerals Technologies
MTX
$2.34B
| $20.7M | 0.01% |
402,864
+34,858
| +9% | +$1.95M |
|
1248
SITE Centers
SITC
$165M
| $20.7M | 0.01% |
2,392,177
+114,107
| +5% | +$1.07M |
|
|
CHX
1249
DELISTED
ChampionX
CHX
| $20.6M | 0.01% |
760,049
+43,090
| +6% | +$1.58M |
|
1250
Brinker International
EAT
$9.66B
| $20.5M | 0.01% |
466,930
+7,495
| +2% | +$356K |
|
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.