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 | |
|---|---|---|---|---|---|---|
1526
Kratos Defense & Security Solutions
KTOS
$11.4B
| $14M | ﹤0.01% |
995,734
+62,790
| +7% | +$865K |
|
1527
Safety Insurance
SAFT
$1.52B
| $14M | ﹤0.01% |
171,347
+10,540
| +7% | +$899K |
|
1528
First Commonwealth Financial
FCF
$2.17B
| $14M | ﹤0.01% |
1,157,779
-96,446
| -8% | -$1.32M |
|
1529
Chesapeake Utilities
CPK
$3.21B
| $14M | ﹤0.01% |
171,997
+9,865
| +6% | +$825K |
|
1530
Clearway Energy Class C
CWEN
$6.7B
| $14M | ﹤0.01% |
810,360
+62,721
| +8% | +$1.17M |
|
1531
Builders FirstSource
BLDR
$8.04B
| $14M | ﹤0.01% |
1,280,824
+115,326
| +10% | +$1.45M |
|
1532
Innoviva
INVA
$1.48B
| $14M | ﹤0.01% |
799,879
+23,141
| +3% | +$376K |
|
1533
HUB Group
HUBG
$2.92B
| $13.9M | ﹤0.01% |
751,894
+50,098
| +7% | +$1.07M |
|
1534
United Fire Group
UFCS
$1.4B
| $13.9M | ﹤0.01% |
250,720
+23,819
| +10% | +$1.23M |
|
1535
Open Text
OTEX
$6.04B
| $13.9M | ﹤0.01% |
428,204
+211,754
| +98% | +$7.15M |
|
|
FOE
1536
DELISTED
Ferro Corporation
FOE
| $13.8M | ﹤0.01% |
877,998
+56,465
| +7% | +$1.03M |
|
|
INN
1537
Summit Hotel Properties
INN
$700M
| $13.8M | ﹤0.01% |
1,414,405
+87,655
| +7% | +$994K |
|
|
MDC
1538
DELISTED
M.D.C. Holdings, Inc.
MDC
| $13.7M | ﹤0.01% |
569,031
+51,799
| +10% | +$1.25M |
|
1539
G-III Apparel Group
GIII
$1.5B
| $13.7M | ﹤0.01% |
491,558
+39,351
| +9% | +$1.46M |
|
1540
Asbury Automotive
ABG
$3.85B
| $13.7M | ﹤0.01% |
205,507
+16,730
| +9% | +$1.1M |
|
|
POLY
1541
DELISTED
Plantronics, Inc.
POLY
| $13.7M | ﹤0.01% |
413,758
-51,425
| -11% | -$2.54M |
|
1542
Mercury Insurance
MCY
$6.07B
| $13.7M | ﹤0.01% |
264,647
-11,804
| -4% | -$642K |
|
|
TIVO
1543
DELISTED
Tivo Inc
TIVO
| $13.7M | ﹤0.01% |
1,453,661
+130,648
| +10% | +$1.41M |
|
|
FLOW
1544
DELISTED
SPX FLOW, Inc.
FLOW
| $13.7M | ﹤0.01% |
449,630
+34,436
| +8% | +$1.3M |
|
1545
Global Net Lease
GNL
$1.95B
| $13.6M | ﹤0.01% |
774,325
+42,953
| +6% | +$855K |
|
1546
Interparfums
IPAR
$3.94B
| $13.6M | ﹤0.01% |
207,730
+10,116
| +5% | +$607K |
|
|
GLUU
1547
DELISTED
Glu Mobile Inc.
GLUU
| $13.6M | ﹤0.01% |
1,683,961
+203,624
| +14% | +$1.45M |
|
1548
Kforce
KFRC
$1.06B
| $13.5M | ﹤0.01% |
436,134
+29,569
| +7% | +$951K |
|
1549
TTM Technologies
TTMI
$14.5B
| $13.5M | ﹤0.01% |
1,385,979
+83,372
| +6% | +$1.02M |
|
1550
Enerpac Tool Group
EPAC
$1.93B
| $13.5M | ﹤0.01% |
641,988
+44,102
| +7% | +$1.07M |
|
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.