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 | |
|---|---|---|---|---|---|---|
|
AVX
1901
DELISTED
AVX Corporation
AVX
| $8.06M | ﹤0.01% |
528,377
+27,328
| +5% | +$441K |
|
1902
RadNet
RDNT
$5.69B
| $8.05M | ﹤0.01% |
791,819
+60,757
| +8% | +$825K |
|
|
UNT
1903
DELISTED
UNIT Corporation
UNT
| $8.04M | ﹤0.01% |
563,315
+29,397
| +6% | +$635K |
|
1904
Malibu Boats
MBUU
$567M
| $8.02M | ﹤0.01% |
230,523
+17,786
| +8% | +$782K |
|
1905
Horizon Bancorp
HBNC
$1.04B
| $8M | ﹤0.01% |
506,969
+5,468
| +1% | +$93.6K |
|
1906
Extreme Networks
EXTR
$3.15B
| $7.99M | ﹤0.01% |
1,310,401
+52,572
| +4% | +$305K |
|
1907
Phibro Animal Health
PAHC
$1.39B
| $7.99M | ﹤0.01% |
248,537
+12,371
| +5% | +$467K |
|
1908
eHealth
EHTH
$43.9M
| $7.98M | ﹤0.01% |
207,817
+26,419
| +15% | +$889K |
|
|
HSKA
1909
DELISTED
Heska Corp
HSKA
| $7.98M | ﹤0.01% |
92,734
+22,378
| +32% | +$2.2M |
|
1910
Installed Building Products
IBP
$6.49B
| $7.96M | ﹤0.01% |
236,291
+26,318
| +13% | +$915K |
|
|
GPMT
1911
Granite Point Mortgage Trust
GPMT
$61.2M
| $7.96M | ﹤0.01% |
441,345
+22,942
| +5% | +$426K |
|
1912
Astec Industries
ASTE
$1.02B
| $7.93M | ﹤0.01% |
262,739
+14,325
| +6% | +$543K |
|
1913
Alamo Group
ALG
$2.05B
| $7.92M | ﹤0.01% |
102,417
-4,730
| -4% | -$394K |
|
|
RAD
1914
DELISTED
Rite Aid Corporation
RAD
| $7.9M | ﹤0.01% |
557,750
+43,424
| +8% | +$916K |
|
1915
Helix Energy Solutions
HLX
$1.41B
| $7.89M | ﹤0.01% |
1,459,059
+97,125
| +7% | +$791K |
|
|
CNSL
1916
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $7.89M | ﹤0.01% |
798,187
+113,703
| +17% | +$1.4M |
|
1917
Marten Transport
MRTN
$1.22B
| $7.88M | ﹤0.01% |
730,127
+101,939
| +16% | +$1.28M |
|
|
BFS
1918
Saul Centers
BFS
$841M
| $7.87M | ﹤0.01% |
166,768
+12,326
| +8% | +$631K |
|
|
ROCC
1919
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $7.87M | ﹤0.01% |
145,565
+7,670
| +6% | +$499K |
|
|
LBAI
1920
DELISTED
Lakeland Bancorp Inc
LBAI
| $7.87M | ﹤0.01% |
531,252
+39,672
| +8% | +$641K |
|
1921
Acushnet Holdings
GOLF
$5.45B
| $7.86M | ﹤0.01% |
373,304
+30,524
| +9% | +$727K |
|
1922
Patrick Industries
PATK
$2.85B
| $7.84M | ﹤0.01% |
397,358
+28,667
| +8% | +$812K |
|
1923
Smith & Wesson
SWBI
$637M
| $7.84M | ﹤0.01% |
793,088
+48,874
| +7% | +$507K |
|
1924
Axogen
AXGN
$2.5B
| $7.83M | ﹤0.01% |
383,278
+28,111
| +8% | +$879K |
|
|
TELL
1925
DELISTED
Tellurian Inc.
TELL
| $7.81M | ﹤0.01% |
1,123,881
+75,120
| +7% | +$581K |
|
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.