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 | |
|---|---|---|---|---|---|---|
1501
Dropbox
DBX
$8.12B
| $14.4M | ﹤0.01% |
704,904
+329,323
| +88% | +$7.59M |
|
1502
Kearny Financial
KRNY
$599M
| $14.4M | ﹤0.01% |
1,122,367
+7,391
| +0.7% | +$96.1K |
|
1503
Virtu Financial
VIRT
$4.93B
| $14.4M | ﹤0.01% |
557,300
+4,180
| +0.8% | +$101K |
|
|
HF
1504
DELISTED
HFF Inc.
HF
| $14.4M | ﹤0.01% |
432,970
+39,322
| +10% | +$1.46M |
|
1505
TriMas Corp
TRS
$1.44B
| $14.3M | ﹤0.01% |
524,716
+42,250
| +9% | +$1.2M |
|
1506
Universal Corp
UVV
$1.27B
| $14.3M | ﹤0.01% |
264,417
+15,158
| +6% | +$976K |
|
|
MIK
1507
DELISTED
Michaels Stores, Inc
MIK
| $14.3M | ﹤0.01% |
1,057,526
-96,245
| -8% | -$1.53M |
|
|
SUM
1508
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $14.3M | ﹤0.01% |
1,173,441
+71,447
| +6% | +$988K |
|
1509
Hilltop Holdings
HTH
$2.24B
| $14.3M | ﹤0.01% |
802,187
+36,701
| +5% | +$695K |
|
1510
McGrath RentCorp
MGRC
$2.92B
| $14.3M | ﹤0.01% |
277,518
+24,826
| +10% | +$1.28M |
|
|
BRSP
1511
BrightSpire Capital
BRSP
$648M
| $14.3M | ﹤0.01% |
904,317
+48,603
| +6% | +$924K |
|
|
ANAT
1512
DELISTED
American National Group, Inc. Common Stock
ANAT
| $14.3M | ﹤0.01% |
112,117
+1,566
| +1% | +$195K |
|
|
PTLA
1513
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $14.3M | ﹤0.01% |
730,249
+33,734
| +5% | +$694K |
|
1514
Matsons
MATX
$6.18B
| $14.2M | ﹤0.01% |
444,885
+31,971
| +8% | +$1.18M |
|
|
VIVO
1515
DELISTED
Meridian Bioscience Inc
VIVO
| $14.2M | ﹤0.01% |
819,195
-11,220
| -1% | -$191K |
|
1516
Strategy Inc
MSTR
$38.4B
| $14.2M | ﹤0.01% |
1,110,210
+56,350
| +5% | +$714K |
|
1517
CVR Energy
CVI
$3.13B
| $14.2M | ﹤0.01% |
411,170
+36,756
| +10% | +$1.4M |
|
1518
Mueller Industries
MLI
$15.2B
| $14.2M | ﹤0.01% |
2,426,132
+180,512
| +8% | +$1.12M |
|
1519
Atkore
ATKR
$3.16B
| $14.2M | ﹤0.01% |
713,870
+39,813
| +6% | +$833K |
|
1520
OSI Systems
OSIS
$3.89B
| $14.2M | ﹤0.01% |
193,127
+9,618
| +5% | +$694K |
|
|
ALEX
1521
DELISTED
Alexander & Baldwin
ALEX
| $14.1M | ﹤0.01% |
768,971
+35,612
| +5% | +$718K |
|
1522
Stride
LRN
$3.43B
| $14.1M | ﹤0.01% |
568,177
-145,416
| -20% | -$3.1M |
|
1523
Enanta Pharmaceuticals
ENTA
$400M
| $14.1M | ﹤0.01% |
198,702
+16,732
| +9% | +$1.28M |
|
|
LGF.B
1524
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $14.1M | ﹤0.01% |
945,338
+21,873
| +2% | +$395K |
|
1525
ICF International
ICFI
$1.72B
| $14.1M | ﹤0.01% |
217,053
+7,452
| +4% | +$522K |
|
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.