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 | |
|---|---|---|---|---|---|---|
1651
OceanFirst Financial
OCFC
$1.91B
| $12M | ﹤0.01% |
534,101
+78,093
| +17% | +$1.96M |
|
|
NVRO
1652
DELISTED
NEVRO CORP.
NVRO
| $12M | ﹤0.01% |
308,995
+26,356
| +9% | +$1.17M |
|
1653
Ryanair
RYAAY
$31.3B
| $12M | ﹤0.01% |
420,863
+36,528
| +10% | +$1.17M |
|
1654
Rambus
RMBS
$11B
| $12M | ﹤0.01% |
1,565,605
+87,048
| +6% | +$757K |
|
1655
Mativ Holdings
MATV
$711M
| $12M | ﹤0.01% |
478,446
+34,822
| +8% | +$1.07M |
|
|
WIRE
1656
DELISTED
Encore Wire Corp
WIRE
| $12M | ﹤0.01% |
238,805
+19,435
| +9% | +$922K |
|
1657
Lakeland Financial Corp
LKFN
$1.53B
| $11.9M | ﹤0.01% |
296,711
+22,722
| +8% | +$988K |
|
|
INVX
1658
Innovex International
INVX
$1.97B
| $11.9M | ﹤0.01% |
396,726
+27,536
| +7% | +$1.11M |
|
1659
Shake Shack
SHAK
$2.87B
| $11.9M | ﹤0.01% |
262,094
+21,649
| +9% | +$1.12M |
|
1660
Iovance Biotherapeutics
IOVA
$2.87B
| $11.9M | ﹤0.01% |
1,344,702
+466,218
| +53% | +$4.5M |
|
1661
SolarEdge
SEDG
$1.95B
| $11.9M | ﹤0.01% |
338,980
+25,154
| +8% | +$963K |
|
|
AAWW
1662
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $11.8M | ﹤0.01% |
279,969
+12,634
| +5% | +$647K |
|
1663
FormFactor
FORM
$9.17B
| $11.8M | ﹤0.01% |
838,107
+50,420
| +6% | +$703K |
|
1664
3D Systems Corp
DDD
$613M
| $11.8M | ﹤0.01% |
1,160,981
+74,578
| +7% | +$1.02M |
|
|
SINA
1665
DELISTED
Sina Corp
SINA
| $11.8M | ﹤0.01% |
220,226
+15,528
| +8% | +$959K |
|
1666
Hecla Mining
HL
$11.3B
| $11.8M | ﹤0.01% |
4,982,338
+385,556
| +8% | +$986K |
|
|
MNR
1667
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $11.7M | ﹤0.01% |
946,558
+162,120
| +21% | +$2.36M |
|
|
BBT
1668
Beacon Financial Corp
BBT
$2.66B
| $11.7M | ﹤0.01% |
434,982
+55,331
| +15% | +$1.86M |
|
|
SRCI
1669
DELISTED
SRC Energy Inc
SRCI
| $11.7M | ﹤0.01% |
2,495,123
+93,958
| +4% | +$629K |
|
|
MNTA
1670
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
| $11.7M | ﹤0.01% |
1,059,114
+223,085
| +27% | +$3.1M |
|
1671
CNA Financial
CNA
$14.1B
| $11.7M | ﹤0.01% |
264,556
+1,112
| +0.4% | +$50.1K |
|
|
MRC
1672
DELISTED
MRC Global
MRC
| $11.7M | ﹤0.01% |
954,979
+108,003
| +13% | +$1.71M |
|
1673
Pacific Biosciences
PACB
$368M
| $11.6M | ﹤0.01% |
1,573,481
+156,404
| +11% | +$991K |
|
|
KRA
1674
DELISTED
Kraton Corporation
KRA
| $11.6M | ﹤0.01% |
532,674
+88,972
| +20% | +$2.61M |
|
1675
MaxLinear
MXL
$6.8B
| $11.6M | ﹤0.01% |
660,461
+41,128
| +7% | +$753K |
|
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.