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 | |
|---|---|---|---|---|---|---|
1701
Helios Technologies
HLIO
$2.76B
| $11.2M | ﹤0.01% |
336,504
+34,649
| +11% | +$1.47M |
|
|
ESIO
1702
DELISTED
Electro Scientific Industries
ESIO
| $11.2M | ﹤0.01% |
372,600
-270,245
| -42% | -$6.71M |
|
1703
CBIZ
CBZ
$2.96B
| $11.1M | ﹤0.01% |
565,441
+30,488
| +6% | +$652K |
|
|
CRAY
1704
DELISTED
Cray, Inc.
CRAY
| $11.1M | ﹤0.01% |
515,429
+47,058
| +10% | +$1.06M |
|
|
ESV
1705
DELISTED
Ensco Rowan plc
ESV
| $11.1M | ﹤0.01% |
781,177
+40,205
| +5% | +$1.04M |
|
1706
Kulicke & Soffa
KLIC
$4.78B
| $11.1M | ﹤0.01% |
548,439
-4,416
| -0.8% | -$91.5K |
|
|
CSII
1707
DELISTED
Cardiovascular Systems, Inc.
CSII
| $11.1M | ﹤0.01% |
390,130
+32,780
| +9% | +$1.04M |
|
1708
Astronics
ATRO
$3.84B
| $11.1M | ﹤0.01% |
436,961
+14,720
| +3% | +$388K |
|
1709
Lindsay Corp
LNN
$1.18B
| $11.1M | ﹤0.01% |
115,146
+5,650
| +5% | +$551K |
|
1710
Workiva
WK
$3.54B
| $11.1M | ﹤0.01% |
308,075
+16,882
| +6% | +$593K |
|
1711
ePlus
PLUS
$2.34B
| $11M | ﹤0.01% |
309,378
+10,154
| +3% | +$409K |
|
|
CLDT
1712
Chatham Lodging
CLDT
$586M
| $11M | ﹤0.01% |
622,074
+47,550
| +8% | +$925K |
|
1713
Carvana
CVNA
$77.9B
| $11M | ﹤0.01% |
1,677,400
+108,745
| +7% | +$915K |
|
|
SRDX
1714
DELISTED
Surmodics
SRDX
| $11M | ﹤0.01% |
231,882
-8,702
| -4% | -$522K |
|
1715
Travere Therapeutics
TVTX
$5.78B
| $10.9M | ﹤0.01% |
483,083
+24,468
| +5% | +$609K |
|
|
PRSU
1716
Pursuit Attractions and Hospitality Inc
PRSU
$1.25B
| $10.9M | ﹤0.01% |
218,234
+17,413
| +9% | +$886K |
|
|
HSII
1717
DELISTED
Heidrick & Struggles
HSII
| $10.9M | ﹤0.01% |
349,710
+42,131
| +14% | +$1.38M |
|
1718
Heartland Express
HTLD
$956M
| $10.9M | ﹤0.01% |
595,921
+48,156
| +9% | +$918K |
|
1719
Lattice Semiconductor
LSCC
$18.5B
| $10.9M | ﹤0.01% |
1,574,831
+63,241
| +4% | +$426K |
|
|
TBI
1720
Trueblue
TBI
$311M
| $10.9M | ﹤0.01% |
489,696
+32,326
| +7% | +$775K |
|
1721
AZZ Inc
AZZ
$4.54B
| $10.9M | ﹤0.01% |
269,181
+14,955
| +6% | +$676K |
|
|
HMHC
1722
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $10.8M | ﹤0.01% |
1,220,570
+95,976
| +9% | +$758K |
|
1723
Standard Motor Products
SMP
$911M
| $10.8M | ﹤0.01% |
222,990
+15,538
| +7% | +$773K |
|
|
RETA
1724
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $10.8M | ﹤0.01% |
192,306
+10,958
| +6% | +$669K |
|
1725
Pilgrim's Pride
PPC
$6.54B
| $10.8M | ﹤0.01% |
694,858
+33,031
| +5% | +$592K |
|
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.