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 | |
|---|---|---|---|---|---|---|
1926
Wabash National
WNC
$527M
| $7.8M | ﹤0.01% |
596,564
+14,797
| +3% | +$218K |
|
1927
Marcus & Millichap
MMI
$1.19B
| $7.79M | ﹤0.01% |
227,088
+37,117
| +20% | +$1.27M |
|
|
HTZ
1928
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $7.79M | ﹤0.01% |
657,250
+34,111
| +5% | +$479K |
|
|
BRSS
1929
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
| $7.78M | ﹤0.01% |
309,278
+16,915
| +6% | +$524K |
|
|
RVNC
1930
DELISTED
Revance Therapeutics, Inc.
RVNC
| $7.77M | ﹤0.01% |
385,818
+48,325
| +14% | +$1.06M |
|
1931
Agnico Eagle Mines
AEM
$90.5B
| $7.76M | ﹤0.01% |
193,860
+19,379
| +11% | +$714K |
|
1932
Central Pacific Financial
CPF
$1B
| $7.76M | ﹤0.01% |
318,635
+28,940
| +10% | +$762K |
|
|
BMTC
1933
DELISTED
Bryn Mawr Bank Corp
BMTC
| $7.75M | ﹤0.01% |
225,456
+20,945
| +10% | +$828K |
|
1934
AdvanSix
ASIX
$444M
| $7.75M | ﹤0.01% |
318,348
+17,718
| +6% | +$492K |
|
1935
Future Fuel
FF
$223M
| $7.73M | ﹤0.01% |
487,363
+21,381
| +5% | +$356K |
|
|
NXRT
1936
NexPoint Residential Trust
NXRT
$652M
| $7.71M | ﹤0.01% |
220,022
+54,374
| +33% | +$1.89M |
|
|
FARO
1937
DELISTED
Faro Technologies
FARO
| $7.69M | ﹤0.01% |
189,202
+17,035
| +10% | +$826K |
|
1938
Cerus
CERS
$474M
| $7.68M | ﹤0.01% |
1,516,092
+78,401
| +5% | +$455K |
|
|
NCOM
1939
DELISTED
National Commerce Corporation
NCOM
| $7.68M | ﹤0.01% |
213,372
+33,603
| +19% | +$1.28M |
|
|
NVTA
1940
DELISTED
Invitae Corporation
NVTA
| $7.67M | ﹤0.01% |
694,019
+83,003
| +14% | +$1.08M |
|
1941
Liberty Media Series A
FWONA
$23.6B
| $7.67M | ﹤0.01% |
269,508
+2,279
| +0.9% | +$67.3K |
|
1942
Stoneridge
SRI
$213M
| $7.65M | ﹤0.01% |
310,188
+20,602
| +7% | +$524K |
|
1943
Addus HomeCare
ADUS
$2.23B
| $7.59M | ﹤0.01% |
111,819
+7,384
| +7% | +$505K |
|
|
JOYY
1944
JOYY Inc
JOYY
$3.75B
| $7.59M | ﹤0.01% |
127,440
-3,859
| -3% | -$251K |
|
1945
SiriusPoint
SPNT
$2.68B
| $7.59M | ﹤0.01% |
787,120
-43,245
| -5% | -$464K |
|
1946
Comtech Telecommunications
CMTL
$51.8M
| $7.57M | ﹤0.01% |
311,188
+5,995
| +2% | +$168K |
|
1947
Winnebago Industries
WGO
$909M
| $7.56M | ﹤0.01% |
312,394
+27,294
| +10% | +$723K |
|
1948
Arbor Realty Trust
ABR
$998M
| $7.55M | ﹤0.01% |
749,698
+109,739
| +17% | +$1.28M |
|
|
RDUS
1949
DELISTED
Radius Health, Inc.
RDUS
| $7.54M | ﹤0.01% |
457,063
+36,093
| +9% | +$608K |
|
|
TRST
1950
Trustco Bank Corp NY
TRST
$938M
| $7.53M | ﹤0.01% |
219,616
+10,042
| +5% | +$380K |
|
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.