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 | |
|---|---|---|---|---|---|---|
1826
Oil States International
OIS
$491M
| $9.06M | ﹤0.01% |
634,583
+50,096
| +9% | +$1.15M |
|
|
DLPH
1827
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
| $9.05M | ﹤0.01% |
632,134
+24,991
| +4% | +$487K |
|
|
TRUE
1828
DELISTED
TrueCar
TRUE
| $9.04M | ﹤0.01% |
998,228
+93,714
| +10% | +$1.01M |
|
|
QUOT
1829
DELISTED
Quotient Technology Inc
QUOT
| $9.04M | ﹤0.01% |
846,375
+98,945
| +13% | +$1.24M |
|
1830
Fate Therapeutics
FATE
$326M
| $9.01M | ﹤0.01% |
702,179
+186,927
| +36% | +$2.61M |
|
1831
Kelly Services Class A
KELYA
$528M
| $9.01M | ﹤0.01% |
439,728
+20,074
| +5% | +$447K |
|
|
CJ
1832
DELISTED
C&J Energy Services, Inc.
CJ
| $8.99M | ﹤0.01% |
666,272
+33,485
| +5% | +$597K |
|
1833
1st Source
SRCE
$2.12B
| $8.99M | ﹤0.01% |
222,774
+29,625
| +15% | +$1.38M |
|
1834
WisdomTree
WT
$3.22B
| $8.97M | ﹤0.01% |
1,348,525
+104,173
| +8% | +$756K |
|
|
ARR
1835
Armour Residential REIT
ARR
$2.36B
| $8.96M | ﹤0.01% |
87,470
+4,578
| +6% | +$494K |
|
1836
Andersons Inc
ANDE
$2.22B
| $8.96M | ﹤0.01% |
299,930
+8,323
| +3% | +$278K |
|
1837
Acco Brands
ACCO
$407M
| $8.94M | ﹤0.01% |
1,319,061
+150,253
| +13% | +$1.29M |
|
|
MCRN
1838
DELISTED
Milacron Holdings Corp.
MCRN
| $8.92M | ﹤0.01% |
750,121
+73,252
| +11% | +$1.1M |
|
1839
Tactile Systems Technology
TCMD
$665M
| $8.91M | ﹤0.01% |
195,598
+20,284
| +12% | +$1.17M |
|
1840
E.W. Scripps
SSP
$304M
| $8.88M | ﹤0.01% |
564,351
+49,819
| +10% | +$832K |
|
|
CSW
1841
CSW Industrials
CSW
$5.71B
| $8.85M | ﹤0.01% |
182,940
+8,615
| +5% | +$428K |
|
|
FSP
1842
Franklin Street Properties
FSP
$46.8M
| $8.83M | ﹤0.01% |
1,417,999
+76,570
| +6% | +$563K |
|
1843
Weibo
WB
$1.95B
| $8.79M | ﹤0.01% |
151,136
+2,401
| +2% | +$145K |
|
1844
AppFolio
APPF
$7.04B
| $8.79M | ﹤0.01% |
148,425
-10,452
| -7% | -$634K |
|
|
UBNK
1845
DELISTED
United Financial Bancorp, Inc.
UBNK
| $8.75M | ﹤0.01% |
595,009
+44,328
| +8% | +$699K |
|
|
SP
1846
DELISTED
SP Plus Corporation
SP
| $8.74M | ﹤0.01% |
295,961
+27,752
| +10% | +$860K |
|
1847
Golar LNG
GLNG
$5.13B
| $8.73M | ﹤0.01% |
401,339
+46,519
| +13% | +$1.2M |
|
1848
Stock Yards Bancorp
SYBT
$2.6B
| $8.71M | ﹤0.01% |
265,728
+15,278
| +6% | +$487K |
|
1849
GrafTech
EAF
$212M
| $8.71M | ﹤0.01% |
76,125
+14,744
| +24% | +$2.25M |
|
|
MOMO
1850
Hello Group
MOMO
$866M
| $8.7M | ﹤0.01% |
368,282
-6,762
| -2% | -$213K |
|
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.