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 | |
|---|---|---|---|---|---|---|
|
MB
1476
DELISTED
MINDBODY, Inc. Class A Common Stock
MB
| $15M | ﹤0.01% |
411,083
+35,655
| +9% | +$1.08M |
|
1477
National Healthcare
NHC
$3.38B
| $15M | ﹤0.01% |
190,636
-3,747
| -2% | -$293K |
|
1478
Pitney Bowes
PBI
$2.39B
| $15M | ﹤0.01% |
2,530,553
+566,632
| +29% | +$4.08M |
|
|
RAVN
1479
DELISTED
Raven Industries Inc
RAVN
| $14.9M | ﹤0.01% |
412,993
+35,394
| +9% | +$1.47M |
|
|
TIER
1480
DELISTED
TIER REIT, Inc.
TIER
| $14.8M | ﹤0.01% |
719,389
+83,357
| +13% | +$1.87M |
|
|
BID
1481
DELISTED
Sotheby's
BID
| $14.8M | ﹤0.01% |
372,738
+4,493
| +1% | +$183K |
|
|
OPTU
1482
Optimum Communications Inc
OPTU
$301M
| $14.8M | ﹤0.01% |
896,408
+1,178
| +0.1% | +$20.5K |
|
1483
Diodes
DIOD
$4.84B
| $14.8M | ﹤0.01% |
457,937
+36,202
| +9% | +$1.16M |
|
1484
Evolent Health
EVH
$447M
| $14.7M | ﹤0.01% |
739,060
+70,363
| +11% | +$1.63M |
|
1485
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $14.7M | ﹤0.01% |
566,636
+83,480
| +17% | +$2.24M |
|
1486
Yext
YEXT
$574M
| $14.7M | ﹤0.01% |
992,825
+34,353
| +4% | +$606K |
|
|
HTLF
1487
DELISTED
Heartland Financial USA, Inc.
HTLF
| $14.7M | ﹤0.01% |
334,929
+24,812
| +8% | +$1.3M |
|
1488
Cal-Maine
CALM
$3.99B
| $14.7M | ﹤0.01% |
347,632
+26,728
| +8% | +$1.24M |
|
1489
Allegiant Air
ALGT
$2.57B
| $14.7M | ﹤0.01% |
146,504
+9,932
| +7% | +$1.19M |
|
|
HA
1490
DELISTED
Hawaiian Holdings, Inc.
HA
| $14.7M | ﹤0.01% |
555,616
+23,805
| +4% | +$806K |
|
1491
Denali Therapeutics
DNLI
$3.97B
| $14.7M | ﹤0.01% |
710,022
+677
| +0.1% | +$12.3K |
|
1492
Employers Holdings
EIG
$889M
| $14.7M | ﹤0.01% |
349,180
+31,978
| +10% | +$1.4M |
|
|
IPHI
1493
DELISTED
INPHI CORPORATION
IPHI
| $14.7M | ﹤0.01% |
455,751
+25,224
| +6% | +$876K |
|
1494
BGC Group
BGC
$4.89B
| $14.5M | ﹤0.01% |
2,812,235
-1,741,472
| -38% | -$11.5M |
|
1495
Meritage Homes
MTH
$4.86B
| $14.5M | ﹤0.01% |
791,240
+38,800
| +5% | +$716K |
|
1496
United Parks & Resorts
PRKS
$2.12B
| $14.5M | ﹤0.01% |
657,637
+45,210
| +7% | +$1.21M |
|
1497
Rapid7
RPD
$773M
| $14.5M | ﹤0.01% |
464,896
+31,004
| +7% | +$1.01M |
|
|
ONCE
1498
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $14.5M | ﹤0.01% |
370,000
+33,414
| +10% | +$1.45M |
|
|
VNE
1499
DELISTED
Veoneer, Inc.
VNE
| $14.5M | ﹤0.01% |
613,138
+24,480
| +4% | +$861K |
|
|
CALY
1500
Callaway Golf Company
CALY
$3.14B
| $14.4M | ﹤0.01% |
943,292
+79,255
| +9% | +$1.58M |
|
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.