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 | |
|---|---|---|---|---|---|---|
1601
Arcosa
ACA
$7.11B
| $12.8M | ﹤0.01% |
+461,705
| New | +$12.7M |
|
1602
Theravance Biopharma
TBPH
$877M
| $12.7M | ﹤0.01% |
497,224
+46,003
| +10% | +$1.24M |
|
|
VCRA
1603
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $12.7M | ﹤0.01% |
322,983
+29,261
| +10% | +$1.06M |
|
1604
Oceaneering
OII
$4.77B
| $12.7M | ﹤0.01% |
1,049,604
+62,205
| +6% | +$1.17M |
|
1605
Benchmark Electronics
BHE
$2.96B
| $12.7M | ﹤0.01% |
599,483
+14,762
| +3% | +$340K |
|
|
RPT
1606
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $12.7M | ﹤0.01% |
1,061,979
+58,160
| +6% | +$768K |
|
1607
Cooper-Standard Automotive
CPS
$558M
| $12.7M | ﹤0.01% |
204,227
+6,683
| +3% | +$539K |
|
1608
LivePerson
LPSN
$32.3M
| $12.7M | ﹤0.01% |
44,835
+3,428
| +8% | +$1.06M |
|
|
ESPR
1609
DELISTED
Esperion Therapeutics
ESPR
| $12.7M | ﹤0.01% |
275,410
+20,403
| +8% | +$983K |
|
|
SASR
1610
DELISTED
Sandy Spring Bancorp Inc
SASR
| $12.7M | ﹤0.01% |
403,825
+38,413
| +11% | +$1.36M |
|
|
DENN
1611
DELISTED
Denny's
DENN
| $12.6M | ﹤0.01% |
779,951
+39,094
| +5% | +$615K |
|
1612
PRA Group
PRAA
$755M
| $12.6M | ﹤0.01% |
517,603
+37,692
| +8% | +$1.13M |
|
1613
AMERISAFE
AMSF
$540M
| $12.6M | ﹤0.01% |
222,393
+19,179
| +9% | +$1.2M |
|
|
INST
1614
DELISTED
Instructure, Inc.
INST
| $12.6M | ﹤0.01% |
335,944
+29,657
| +10% | +$1.04M |
|
|
GES
1615
DELISTED
Guess Inc
GES
| $12.6M | ﹤0.01% |
605,215
+33,856
| +6% | +$717K |
|
|
SRG
1616
Seritage Growth Properties
SRG
$136M
| $12.6M | ﹤0.01% |
388,481
+37,002
| +11% | +$1.43M |
|
1617
Park National Corp
PRK
$3.67B
| $12.5M | ﹤0.01% |
147,559
+12,310
| +9% | +$1.14M |
|
|
TWNK
1618
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $12.5M | ﹤0.01% |
1,145,342
+162,039
| +16% | +$1.78M |
|
1619
Oxford Industries
OXM
$552M
| $12.5M | ﹤0.01% |
176,076
+6,182
| +4% | +$501K |
|
|
MDR
1620
DELISTED
McDermott International
MDR
| $12.5M | ﹤0.01% |
1,910,403
-88,472
| -4% | -$934K |
|
|
DEA
1621
Easterly Government Properties
DEA
$1.18B
| $12.5M | ﹤0.01% |
318,684
+25,890
| +9% | +$1.15M |
|
1622
Scansource
SCSC
$1.12B
| $12.5M | ﹤0.01% |
362,217
+37,833
| +12% | +$1.42M |
|
1623
First Busey Corp
BUSE
$2.56B
| $12.4M | ﹤0.01% |
507,284
+32,872
| +7% | +$909K |
|
1624
Kinsale Capital Group
KNSL
$8.51B
| $12.4M | ﹤0.01% |
223,869
+11,288
| +5% | +$667K |
|
1625
Dine Brands
DIN
$452M
| $12.4M | ﹤0.01% |
184,680
+10,666
| +6% | +$882K |
|
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.