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 | |
|---|---|---|---|---|---|---|
1576
Huron Consulting
HURN
$2.42B
| $13.2M | ﹤0.01% |
257,580
+17,753
| +7% | +$903K |
|
|
SNBR
1577
DELISTED
Sleep Number
SNBR
| $13.2M | ﹤0.01% |
416,283
+4,251
| +1% | +$151K |
|
1578
Adient
ADNT
$1.5B
| $13.2M | ﹤0.01% |
876,771
+8,342
| +1% | +$216K |
|
1579
Floor & Decor
FND
$6.68B
| $13.2M | ﹤0.01% |
509,542
+32,086
| +7% | +$936K |
|
|
CVGW
1580
DELISTED
Calavo Growers
CVGW
| $13.2M | ﹤0.01% |
180,500
+13,845
| +8% | +$1.29M |
|
1581
NMI Holdings
NMIH
$3.36B
| $13.1M | ﹤0.01% |
735,269
+25,936
| +4% | +$505K |
|
1582
Casella Waste Systems
CWST
$5.69B
| $13.1M | ﹤0.01% |
460,255
+41,586
| +10% | +$1.26M |
|
|
BHVN
1583
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $13.1M | ﹤0.01% |
353,647
+82,960
| +31% | +$2.99M |
|
|
BNFT
1584
DELISTED
Benefitfocus, Inc.
BNFT
| $13.1M | ﹤0.01% |
285,750
+23,992
| +9% | +$1M |
|
1585
Scholastic
SCHL
$792M
| $13M | ﹤0.01% |
324,111
+26,384
| +9% | +$1.15M |
|
|
EFII
1586
DELISTED
Electronics for Imaging
EFII
| $13M | ﹤0.01% |
525,886
+46,079
| +10% | +$1.33M |
|
1587
Fossil Group
FOSL
$318M
| $13M | ﹤0.01% |
828,880
+101,892
| +14% | +$1.97M |
|
|
GPOR
1588
DELISTED
Gulfport Energy Corp.
GPOR
| $13M | ﹤0.01% |
1,987,852
+204,478
| +11% | +$1.89M |
|
1589
STAAR Surgical
STAA
$1.21B
| $13M | ﹤0.01% |
407,917
+5,146
| +1% | +$201K |
|
|
BRKL
1590
DELISTED
Brookline Bancorp
BRKL
| $13M | ﹤0.01% |
941,698
+88,617
| +10% | +$1.34M |
|
1591
SPX Corp
SPXC
$10.8B
| $13M | ﹤0.01% |
464,257
+50,496
| +12% | +$1.48M |
|
1592
Amkor Technology
AMKR
$13.7B
| $13M | ﹤0.01% |
1,979,861
+85,405
| +5% | +$563K |
|
|
QEP
1593
DELISTED
QEP RESOURCES, INC.
QEP
| $13M | ﹤0.01% |
2,304,633
+65,774
| +3% | +$578K |
|
|
SGMO
1594
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $13M | ﹤0.01% |
1,129,365
+15,750
| +1% | +$196K |
|
|
FIT
1595
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $12.9M | ﹤0.01% |
2,604,047
+478,474
| +23% | +$2.47M |
|
1596
Caleres
CAL
$487M
| $12.9M | ﹤0.01% |
464,980
+41,504
| +10% | +$1.33M |
|
1597
Federal Signal
FSS
$7.83B
| $12.9M | ﹤0.01% |
646,086
+62,701
| +11% | +$1.43M |
|
|
PMT
1598
PennyMac Mortgage Investment
PMT
$842M
| $12.8M | ﹤0.01% |
688,697
+54,413
| +9% | +$1.09M |
|
1599
Piper Sandler
PIPR
$5.29B
| $12.8M | ﹤0.01% |
778,728
+10,092
| +1% | +$176K |
|
1600
Gibraltar Industries
ROCK
$1.49B
| $12.8M | ﹤0.01% |
359,538
+20,112
| +6% | +$734K |
|
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.