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 | |
|---|---|---|---|---|---|---|
1951
Wheaton Precious Metals
WPM
$60.9B
| $7.52M | ﹤0.01% |
383,359
+55,371
| +17% | +$944K |
|
|
HEES
1952
DELISTED
H&E Equipment Services
HEES
| $7.51M | ﹤0.01% |
367,691
+38,469
| +12% | +$943K |
|
1953
St. Joe Company
JOE
$3.83B
| $7.5M | ﹤0.01% |
569,752
+22,304
| +4% | +$333K |
|
1954
Federal Agricultural Mortgage
AGM
$2.56B
| $7.5M | ﹤0.01% |
124,136
+11,229
| +10% | +$745K |
|
1955
Verra Mobility
VRRM
$744M
| $7.5M | ﹤0.01% |
+768,224
| New | +$7.75M |
|
1956
GoPro
GPRO
$126M
| $7.49M | ﹤0.01% |
1,767,747
+260,404
| +17% | +$1.46M |
|
|
CKH
1957
DELISTED
Seacor Holdings Inc.
CKH
| $7.47M | ﹤0.01% |
201,802
+10,030
| +5% | +$443K |
|
|
FFG
1958
DELISTED
FBL Financial Group
FFG
| $7.46M | ﹤0.01% |
113,693
+10,895
| +11% | +$763K |
|
1959
Shutterstock
SSTK
$219M
| $7.46M | ﹤0.01% |
207,212
+26,139
| +14% | +$1.07M |
|
|
TYPE
1960
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $7.43M | ﹤0.01% |
478,540
+21,081
| +5% | +$375K |
|
1961
Hanmi Financial
HAFC
$946M
| $7.41M | ﹤0.01% |
376,391
+10,521
| +3% | +$224K |
|
1962
Columbus McKinnon
CMCO
$584M
| $7.41M | ﹤0.01% |
245,917
+17,099
| +7% | +$580K |
|
1963
Trupanion
TRUP
$1.18B
| $7.39M | ﹤0.01% |
290,477
+28,481
| +11% | +$766K |
|
|
FSCT
1964
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
| $7.39M | ﹤0.01% |
284,358
+24,067
| +9% | +$667K |
|
1965
Ingles Markets
IMKTA
$1.67B
| $7.38M | ﹤0.01% |
271,037
+14,039
| +5% | +$433K |
|
1966
Preferred Bank
PFBC
$1.25B
| $7.37M | ﹤0.01% |
169,978
+14,103
| +9% | +$720K |
|
1967
QuinStreet
QNST
$1.21B
| $7.37M | ﹤0.01% |
453,990
+60,155
| +15% | +$905K |
|
|
NFBK
1968
DELISTED
Northfield Bancorp
NFBK
| $7.36M | ﹤0.01% |
543,090
+48,257
| +10% | +$670K |
|
1969
Liberty Latin America Class A
LILA
$1.67B
| $7.35M | ﹤0.01% |
793,125
+70,385
| +10% | +$813K |
|
|
AUD
1970
DELISTED
Audacy, Inc.
AUD
| $7.35M | ﹤0.01% |
1,287,331
-47,345
| -4% | -$315K |
|
1971
Encore Capital Group
ECPG
$2.13B
| $7.34M | ﹤0.01% |
312,505
+25,984
| +9% | +$698K |
|
1972
Univest Financial
UVSP
$1.18B
| $7.33M | ﹤0.01% |
339,871
+16,854
| +5% | +$410K |
|
|
CHS
1973
DELISTED
Chicos FAS, Inc.
CHS
| $7.32M | ﹤0.01% |
1,302,885
-133,242
| -9% | -$928K |
|
1974
Cohu
COHU
$2.5B
| $7.32M | ﹤0.01% |
455,453
+136,758
| +43% | +$2.6M |
|
1975
MACOM Technology Solutions
MTSI
$23.7B
| $7.32M | ﹤0.01% |
504,443
+44,973
| +10% | +$725K |
|
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.