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 | |
|---|---|---|---|---|---|---|
|
ILPT
1276
Industrial Logistics Properties Trust
ILPT
$586M
| $19.9M | 0.01% |
1,009,382
+748,960
| +288% | +$16M |
|
1277
Core Laboratories
CLB
$521M
| $19.8M | 0.01% |
332,479
-2,821
| -0.8% | -$243K |
|
1278
Fortis
FTS
$28.7B
| $19.8M | 0.01% |
574,829
+133,548
| +30% | +$4.49M |
|
1279
Dave & Buster's
PLAY
$357M
| $19.8M | 0.01% |
444,018
+24,720
| +6% | +$1.39M |
|
1280
Plexus
PLXS
$7.23B
| $19.8M | 0.01% |
386,839
+12,686
| +3% | +$714K |
|
|
XLRN
1281
DELISTED
Acceleron Pharma
XLRN
| $19.7M | 0.01% |
453,463
+32,521
| +8% | +$1.62M |
|
1282
Atlantic Union Bankshares
AUB
$5.97B
| $19.7M | 0.01% |
699,351
+93,430
| +15% | +$3.15M |
|
1283
AerCap
AER
$23.8B
| $19.7M | 0.01% |
500,228
+43,053
| +9% | +$2.16M |
|
1284
Commercial Metals
CMC
$8.31B
| $19.7M | 0.01% |
1,230,523
+78,031
| +7% | +$1.46M |
|
1285
NETSCOUT
NTCT
$2.79B
| $19.7M | 0.01% |
833,247
+25,915
| +3% | +$653K |
|
|
LTRPA
1286
DELISTED
Liberty TripAdvisor Holdings, Inc. Series A
LTRPA
| $19.7M | 0.01% |
1,237,402
+279,937
| +29% | +$4.49M |
|
|
UNVR
1287
DELISTED
Univar Solutions Inc.
UNVR
| $19.6M | 0.01% |
1,107,035
+54,526
| +5% | +$1.26M |
|
1288
Empire State Realty Trust
ESRT
$836M
| $19.6M | 0.01% |
1,379,817
+105,149
| +8% | +$1.65M |
|
1289
Enovis
ENOV
$1.53B
| $19.6M | 0.01% |
545,164
+52,539
| +11% | +$2.45M |
|
1290
Banner Corp
BANR
$2.4B
| $19.6M | 0.01% |
366,324
+16,062
| +5% | +$932K |
|
1291
First Merchants
FRME
$2.67B
| $19.6M | 0.01% |
570,956
+54,304
| +11% | +$2.21M |
|
|
AXE
1292
DELISTED
Anixter International Inc
AXE
| $19.6M | 0.01% |
360,126
+28,410
| +9% | +$1.79M |
|
1293
Granite Construction
GVA
$5.62B
| $19.6M | 0.01% |
485,411
+47,563
| +11% | +$2.17M |
|
1294
Supernus Pharmaceuticals
SUPN
$2.77B
| $19.5M | 0.01% |
588,259
+44,268
| +8% | +$1.9M |
|
1295
Heron Therapeutics
HRTX
$92.9M
| $19.5M | 0.01% |
751,250
+26,429
| +4% | +$727K |
|
|
MYOK
1296
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $19.5M | 0.01% |
398,202
+37,810
| +10% | +$2.08M |
|
|
GWB
1297
DELISTED
Great Western Bancorp, Inc.
GWB
| $19.4M | 0.01% |
622,174
+36,718
| +6% | +$1.34M |
|
1298
Insight Enterprises
NSIT
$4.38B
| $19.4M | 0.01% |
476,607
+21,729
| +5% | +$1M |
|
1299
Silgan Holdings
SLGN
$4.41B
| $19.4M | 0.01% |
821,897
+48,950
| +6% | +$1.23M |
|
1300
OneMain Financial
OMF
$7.47B
| $19.4M | 0.01% |
796,996
+59,644
| +8% | +$1.7M |
|
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.