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 | |
|---|---|---|---|---|---|---|
1626
CorVel
CRVL
$3.19B
| $12.4M | ﹤0.01% |
603,099
+51,792
| +9% | +$1.06M |
|
|
NCI
1627
DELISTED
Navigant Consulting, Inc.
NCI
| $12.4M | ﹤0.01% |
515,418
+76,731
| +17% | +$1.75M |
|
|
ACIA
1628
DELISTED
Acacia Communications Inc
ACIA
| $12.4M | ﹤0.01% |
326,046
+25,472
| +8% | +$1.03M |
|
1629
Arrowhead Research
ARWR
$12.4B
| $12.4M | ﹤0.01% |
996,458
+74,295
| +8% | +$1.02M |
|
1630
Southside Bancshares
SBSI
$967M
| $12.4M | ﹤0.01% |
389,538
+60,995
| +19% | +$1.98M |
|
|
ISCA
1631
DELISTED
International Speedway Corp
ISCA
| $12.3M | ﹤0.01% |
281,426
+24,106
| +9% | +$972K |
|
|
WPG
1632
DELISTED
Washington Prime Group Inc.
WPG
| $12.3M | ﹤0.01% |
282,112
+24,819
| +10% | +$1.39M |
|
1633
NeoGenomics
NEO
$2.13B
| $12.3M | ﹤0.01% |
977,089
+215,726
| +28% | +$3.21M |
|
1634
Knowles
KN
$3.34B
| $12.3M | ﹤0.01% |
923,917
+52,855
| +6% | +$774K |
|
|
BNCL
1635
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $12.3M | ﹤0.01% |
859,454
+30,884
| +4% | +$478K |
|
1636
Opko Health
OPK
$1.02B
| $12.3M | ﹤0.01% |
4,078,397
+165,517
| +4% | +$561K |
|
|
FG
1637
DELISTED
FGL Holdings Ordinary Shares
FG
| $12.2M | ﹤0.01% |
1,829,751
+226,275
| +14% | +$1.76M |
|
|
LMNX
1638
DELISTED
Luminex Corp
LMNX
| $12.2M | ﹤0.01% |
526,958
+49,411
| +10% | +$1.33M |
|
1639
National Beverage
FIZZ
$3.01B
| $12.2M | ﹤0.01% |
339,178
+30,400
| +10% | +$1.4M |
|
|
HTO
1640
H2O America
HTO
$2.62B
| $12.2M | ﹤0.01% |
218,834
+56,821
| +35% | +$3.37M |
|
1641
AtriCure
ATRC
$2.11B
| $12.2M | ﹤0.01% |
397,364
+49,964
| +14% | +$1.56M |
|
|
BIG
1642
DELISTED
Big Lots, Inc.
BIG
| $12.2M | ﹤0.01% |
420,125
-23,682
| -5% | -$921K |
|
1643
BJ's Restaurants
BJRI
$1.48B
| $12.1M | ﹤0.01% |
240,044
+33,908
| +16% | +$2.04M |
|
|
BMCH
1644
DELISTED
BMC Stock Holdings, Inc
BMCH
| $12.1M | ﹤0.01% |
781,945
+79,189
| +11% | +$1.32M |
|
1645
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $12.1M | ﹤0.01% |
635,024
+114,362
| +22% | +$2.47M |
|
|
HDP
1646
DELISTED
Hortonworks, Inc.
HDP
| $12.1M | ﹤0.01% |
838,426
+96,869
| +13% | +$1.67M |
|
1647
James River Group Holdings
JRVR
$217M
| $12M | ﹤0.01% |
329,646
+24,340
| +8% | +$927K |
|
1648
Amneal Pharmaceuticals
AMRX
$5.79B
| $12M | ﹤0.01% |
889,980
+108,455
| +14% | +$1.95M |
|
|
TRHC
1649
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $12M | ﹤0.01% |
188,750
+15,400
| +9% | +$1.09M |
|
1650
Gray Television
GTN
$552M
| $12M | ﹤0.01% |
816,143
+52,552
| +7% | +$912K |
|
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.