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 | |
|---|---|---|---|---|---|---|
|
MGLN
1401
DELISTED
Magellan Health Services, Inc.
MGLN
| $16.8M | 0.01% |
295,902
-44,969
| -13% | -$2.77M |
|
1402
Telus
TU
$15.3B
| $16.8M | 0.01% |
1,016,968
+135,052
| +15% | +$2.35M |
|
1403
Hope Bancorp
HOPE
$1.79B
| $16.7M | 0.01% |
1,410,805
+93,846
| +7% | +$1.34M |
|
1404
Enviri
NVRI
$620M
| $16.7M | 0.01% |
841,498
+51,212
| +6% | +$1.27M |
|
1405
Roku
ROKU
$22.7B
| $16.7M | 0.01% |
544,746
+75,051
| +16% | +$3.54M |
|
1406
Aaon
AAON
$7.77B
| $16.7M | 0.01% |
714,038
+11,436
| +2% | +$275K |
|
|
CVA
1407
DELISTED
Covanta Holding Corporation
CVA
| $16.7M | 0.01% |
1,243,392
+90,234
| +8% | +$1.39M |
|
|
BLD
1408
DELISTED
TopBuild
BLD
| $16.7M | 0.01% |
370,497
+24,140
| +7% | +$1.17M |
|
1409
Kaiser Aluminum
KALU
$3.02B
| $16.7M | 0.01% |
186,526
+10,047
| +6% | +$970K |
|
1410
Badger Meter
BMI
$4.03B
| $16.6M | 0.01% |
338,333
+20,152
| +6% | +$1.03M |
|
|
TPH
1411
DELISTED
Tri Pointe Homes
TPH
| $16.6M | 0.01% |
1,517,595
+2,361
| +0.2% | +$27.9K |
|
|
TUP
1412
DELISTED
Tupperware Brands Corporation
TUP
| $16.5M | 0.01% |
522,256
+20,654
| +4% | +$719K |
|
1413
First Interstate BancSystem
FIBK
$3.58B
| $16.5M | 0.01% |
450,659
+72,720
| +19% | +$3.02M |
|
1414
Tenet Healthcare
THC
$21.1B
| $16.5M | 0.01% |
960,805
+143,053
| +17% | +$3.46M |
|
1415
SPS Commerce
SPSC
$2.64B
| $16.5M | 0.01% |
399,602
+27,476
| +7% | +$1.2M |
|
|
NAV
1416
DELISTED
Navistar International
NAV
| $16.4M | 0.01% |
633,620
+44,079
| +7% | +$1.38M |
|
1417
Universal Insurance Holdings
UVE
$1.23B
| $16.4M | 0.01% |
433,392
+5,333
| +1% | +$232K |
|
|
SAIL
1418
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $16.4M | 0.01% |
698,327
+114,063
| +20% | +$2.93M |
|
1419
Provident Financial Services
PFS
$3.19B
| $16.4M | 0.01% |
678,312
+68,448
| +11% | +$1.66M |
|
1420
Horace Mann Educators
HMN
$2.11B
| $16.3M | 0.01% |
436,422
+36,558
| +9% | +$1.45M |
|
|
MANT
1421
DELISTED
Mantech International Corp
MANT
| $16.3M | 0.01% |
311,857
+4,829
| +2% | +$271K |
|
1422
Saia
SAIA
$9.72B
| $16.3M | 0.01% |
291,904
+15,649
| +6% | +$951K |
|
1423
Orthofix Medical
OFIX
$419M
| $16.3M | 0.01% |
309,933
-760
| -0.2% | -$43.2K |
|
1424
Warrior Met Coal
HCC
$4.86B
| $16.3M | 0.01% |
674,425
+7,543
| +1% | +$193K |
|
1425
Gentherm
THRM
$1.27B
| $16.2M | 0.01% |
406,020
+10,280
| +3% | +$435K |
|
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.