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 |
Praxair Inc
PX
|
+$555M |
| 4 |
COL
Rockwell Collins
COL
|
+$293M |
| 5 |
CA, Inc.
CA
|
+$178M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.02% |
| 2 | Financials | 15.32% |
| 3 | Healthcare | 15.13% |
| 4 | Consumer Discretionary | 10.15% |
| 5 | Communication Services | 9.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ATVI
151
DELISTED
Activision Blizzard
ATVI
| $424M | 0.13% |
9,116,102
+626,387
| +7% | +$37.5M |
2013 Q2
22 quarters
|
|
152
Baxter International
BAX
$13.1B
| $423M | 0.13% |
6,444,204
+297,006
| +5% | +$20M |
2013 Q2
22 quarters
|
|
153
Air Products & Chemicals
APD
$66.7B
| $421M | 0.13% |
2,636,556
+187,347
| +8% | +$29.7M |
2013 Q2
22 quarters
|
|
154
Aon
AON
$62.1B
| $418M | 0.13% |
2,880,464
+266,133
| +10% | +$41.3M |
2013 Q2
22 quarters
|
|
155
Prudential Financial
PRU
$40B
| $418M | 0.13% |
5,129,191
+326,075
| +7% | +$30M |
2013 Q2
22 quarters
|
|
156
HP
HPQ
$27.1B
| $414M | 0.13% |
20,246,617
+385,515
| +2% | +$8.99M |
2013 Q2
22 quarters
|
|
157
Valero Energy
VLO
$128B
| $412M | 0.13% |
5,505,854
-65,726
| -1% | -$5.77M |
2013 Q2
22 quarters
|
|
158
Marriott International
MAR
$101B
| $411M | 0.13% |
3,794,287
+448,325
| +13% | +$51.5M |
2013 Q2
22 quarters
|
|
159
American International
AIG
$42.2B
| $407M | 0.13% |
10,338,730
+655,288
| +7% | +$28.6M |
2013 Q2
22 quarters
|
|
160
Dollar General
DG
$29.6B
| $407M | 0.13% |
3,767,235
+334,530
| +10% | +$36.2M |
2013 Q2
22 quarters
|
|
161
Regeneron Pharmaceuticals
REGN
$81.4B
| $402M | 0.12% |
1,078,453
+78,143
| +8% | +$28.6M |
2013 Q2
22 quarters
|
|
162
Vivmark Residential
VMRK
$47.4B
| $401M | 0.12% |
6,088,423
+501,797
| +9% | +$33.7M |
2013 Q2
22 quarters
|
|
163
Ford
F
$49.6B
| $400M | 0.12% |
52,343,847
+3,950,938
| +8% | +$35.2M |
2013 Q2
22 quarters
|
|
164
DELISTED
AvalonBay Communities
AVB
| $399M | 0.12% |
2,297,292
+191,867
| +9% | +$34.7M |
2013 Q2
22 quarters
|
|
165
Truist Financial
TFC
$57.5B
| $399M | 0.12% |
9,220,118
+590,366
| +7% | +$28.3M |
2013 Q2
22 quarters
|
|
166
Sysco
SYY
$40.4B
| $396M | 0.12% |
6,331,895
+1,076,459
| +20% | +$72.6M |
2013 Q2
22 quarters
|
|
167
Allstate
ALL
$62.7B
| $390M | 0.12% |
4,733,322
+391,869
| +9% | +$35.2M |
2013 Q2
22 quarters
|
|
168
Delta Air Lines
DAL
$49.6B
| $387M | 0.12% |
7,757,127
+532,550
| +7% | +$29M |
2013 Q2
22 quarters
|
|
169
Travelers Companies
TRV
$81.2B
| $386M | 0.12% |
3,226,157
+203,345
| +7% | +$25.5M |
2013 Q2
22 quarters
|
|
170
O'Reilly Automotive
ORLY
$72.2B
| $386M | 0.12% |
16,823,385
+1,510,695
| +10% | +$34.4M |
2013 Q2
22 quarters
|
|
171
Xcel Energy
XEL
$47.7B
| $382M | 0.12% |
7,770,007
+863,010
| +12% | +$43.3M |
2013 Q2
22 quarters
|
|
172
Sempra
SRE
$54.5B
| $380M | 0.12% |
7,043,504
+507,618
| +8% | +$28.9M |
2013 Q2
22 quarters
|
|
173
Eaton
ETN
$152B
| $374M | 0.12% |
5,457,569
+288,837
| +6% | +$21.6M |
2013 Q2
22 quarters
|
|
174
Autodesk
ADSK
$50.1B
| $368M | 0.11% |
2,869,972
+214,397
| +8% | +$29M |
2013 Q2
22 quarters
|
|
175
Sherwin-Williams
SHW
$81.4B
| $368M | 0.11% |
2,815,143
+192,318
| +7% | +$25.9M |
2013 Q2
22 quarters
|
|
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.