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 | |
|---|---|---|---|---|---|---|
|
RDFN
1676
DELISTED
Redfin
RDFN
| $11.6M | ﹤0.01% |
803,800
+58,302
| +8% | +$926K |
|
1677
Enova International
ENVA
$6.29B
| $11.5M | ﹤0.01% |
592,531
+90,013
| +18% | +$2.05M |
|
1678
First Bancorp
FBNC
$2.68B
| $11.5M | ﹤0.01% |
352,731
+30,381
| +9% | +$1.13M |
|
1679
Editas Medicine
EDIT
$442M
| $11.5M | ﹤0.01% |
505,115
+51,295
| +11% | +$1.4M |
|
1680
Advanced Drainage Systems
WMS
$10.9B
| $11.5M | ﹤0.01% |
473,551
+40,693
| +9% | +$1.09M |
|
|
LNW
1681
DELISTED
Light & Wonder
LNW
| $11.5M | ﹤0.01% |
641,615
+34,255
| +6% | +$692K |
|
|
MODV
1682
DELISTED
ModivCare
MODV
| $11.5M | ﹤0.01% |
191,137
+16,559
| +9% | +$1.1M |
|
|
INOV
1683
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $11.5M | ﹤0.01% |
808,771
+90,562
| +13% | +$1.03M |
|
1684
NETGEAR
NTGR
$635M
| $11.4M | ﹤0.01% |
353,883
+22,392
| +7% | +$1.21M |
|
1685
Papa John's
PZZA
$806M
| $11.4M | ﹤0.01% |
286,759
-14,544
| -5% | -$734K |
|
1686
Heritage Financial
HFWA
$1.21B
| $11.4M | ﹤0.01% |
382,935
+41,164
| +12% | +$1.35M |
|
1687
Insmed
INSM
$28.6B
| $11.4M | ﹤0.01% |
866,489
+55,026
| +7% | +$878K |
|
|
DAY
1688
DELISTED
Dayforce
DAY
| $11.4M | ﹤0.01% |
329,421
+127,800
| +63% | +$4.77M |
|
|
REGI
1689
DELISTED
Renewable Energy Group, Inc.
REGI
| $11.3M | ﹤0.01% |
441,121
-8,545
| -2% | -$231K |
|
|
EBIX
1690
DELISTED
Ebix Inc
EBIX
| $11.3M | ﹤0.01% |
265,628
+20,106
| +8% | +$1.07M |
|
|
AIMT
1691
DELISTED
Aimmune Therapeutics
AIMT
| $11.3M | ﹤0.01% |
472,225
+28,694
| +6% | +$742K |
|
|
WAGE
1692
DELISTED
WageWorks, Inc.
WAGE
| $11.3M | ﹤0.01% |
415,572
+28,735
| +7% | +$1.03M |
|
|
CATM
1693
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $11.3M | ﹤0.01% |
434,060
+6,950
| +2% | +$211K |
|
1694
NovoCure
NVCR
$1.91B
| $11.3M | ﹤0.01% |
336,588
+60,942
| +22% | +$2.23M |
|
1695
Simply Good Foods
SMPL
$982M
| $11.3M | ﹤0.01% |
595,909
-4,710
| -0.8% | -$88.9K |
|
1696
Genesco
GCO
$422M
| $11.2M | ﹤0.01% |
253,506
+57,734
| +29% | +$2.49M |
|
|
PRO
1697
DELISTED
PROS Holdings
PRO
| $11.2M | ﹤0.01% |
357,408
+29,985
| +9% | +$950K |
|
|
RDC
1698
DELISTED
Rowan Companies Plc
RDC
| $11.2M | ﹤0.01% |
1,335,243
+117,747
| +10% | +$1.73M |
|
|
UHT
1699
Universal Health Realty Income Trust
UHT
$594M
| $11.2M | ﹤0.01% |
182,332
+7,095
| +4% | +$481K |
|
|
VRS
1700
DELISTED
Verso Corporation
VRS
| $11.2M | ﹤0.01% |
498,710
+20,979
| +4% | +$567K |
|
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.