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 | |
|---|---|---|---|---|---|---|
1801
Calix
CALX
$2.39B
| $9.58M | ﹤0.01% |
982,700
+485,357
| +98% | +$4.22M |
|
|
AMWD
1802
DELISTED
American Woodmark
AMWD
| $9.55M | ﹤0.01% |
171,481
+15,118
| +10% | +$963K |
|
|
LGF.A
1803
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $9.54M | ﹤0.01% |
592,901
-24,810
| -4% | -$481K |
|
1804
Kosmos Energy
KOS
$1.48B
| $9.5M | ﹤0.01% |
2,334,254
+155,931
| +7% | +$963K |
|
1805
Codexis
CDXS
$158M
| $9.46M | ﹤0.01% |
566,463
+10,289
| +2% | +$178K |
|
1806
Novavax
NVAX
$1.31B
| $9.39M | ﹤0.01% |
255,306
+22,608
| +10% | +$876K |
|
1807
Coeur Mining
CDE
$17.9B
| $9.39M | ﹤0.01% |
2,100,322
+289,635
| +16% | +$1.37M |
|
1808
Myers Industries
MYE
$1.29B
| $9.39M | ﹤0.01% |
621,331
+33,596
| +6% | +$551K |
|
1809
Unitil
UTL
$980M
| $9.38M | ﹤0.01% |
185,311
+10,696
| +6% | +$533K |
|
|
DMC
1810
Del Monte Corp
DMC
$1.45B
| $9.36M | ﹤0.01% |
331,194
+5,160
| +2% | +$162K |
|
1811
ATN International
ATNI
$492M
| $9.34M | ﹤0.01% |
130,524
+10,843
| +9% | +$847K |
|
|
RCM
1812
DELISTED
R1 RCM Inc. Common Stock
RCM
| $9.3M | ﹤0.01% |
1,169,331
+106,455
| +10% | +$920K |
|
1813
Resources Connection
RGP
$145M
| $9.28M | ﹤0.01% |
653,615
+16,398
| +3% | +$265K |
|
|
RTEC
1814
DELISTED
Rudolph Technologies Inc
RTEC
| $9.27M | ﹤0.01% |
452,945
+16,138
| +4% | +$328K |
|
1815
Methode Electronics
MEI
$592M
| $9.27M | ﹤0.01% |
397,812
+43,558
| +12% | +$1.23M |
|
|
CNR
1816
Core Natural Resources Inc
CNR
$4.45B
| $9.26M | ﹤0.01% |
292,128
+26,982
| +10% | +$992K |
|
|
GTT
1817
DELISTED
GTT Communications, Inc.
GTT
| $9.26M | ﹤0.01% |
391,508
+29,705
| +8% | +$1,000K |
|
|
CARB
1818
DELISTED
Carbonite Inc
CARB
| $9.22M | ﹤0.01% |
365,202
+29,258
| +9% | +$868K |
|
1819
National Bank Holdings
NBHC
$1.9B
| $9.2M | ﹤0.01% |
298,071
+17,211
| +6% | +$596K |
|
1820
Autohome
ATHM
$2.62B
| $9.18M | ﹤0.01% |
118,117
-47
| -0% | -$3.55K |
|
1821
Perdoceo Education
PRDO
$2.12B
| $9.17M | ﹤0.01% |
803,253
+79,206
| +11% | +$1.05M |
|
1822
ProPetro Holding
PUMP
$1.35B
| $9.17M | ﹤0.01% |
744,009
+68,290
| +10% | +$1.12M |
|
1823
Freshpet
FRPT
$3.22B
| $9.15M | ﹤0.01% |
284,670
+20,604
| +8% | +$717K |
|
1824
Standex International
SXI
$4.12B
| $9.12M | ﹤0.01% |
135,701
+7,783
| +6% | +$652K |
|
1825
CTS Corp
CTS
$1.89B
| $9.08M | ﹤0.01% |
350,578
+27,521
| +9% | +$781K |
|
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.