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 | |
|---|---|---|---|---|---|---|
|
AKS
1976
DELISTED
AK Steel Holding Corp
AKS
| $7.31M | ﹤0.01% |
3,250,537
+181,124
| +6% | +$655K |
|
1977
Photronics
PLAB
$1.93B
| $7.3M | ﹤0.01% |
754,116
+39,225
| +5% | +$377K |
|
1978
Hamilton Lane
HLNE
$5.57B
| $7.29M | ﹤0.01% |
197,054
+14,385
| +8% | +$538K |
|
|
TDAY
1979
USA Today Co
TDAY
$1.06B
| $7.28M | ﹤0.01% |
629,075
-12,565
| -2% | -$175K |
|
|
ORIT
1980
DELISTED
Oritani Financial Corp. New
ORIT
| $7.28M | ﹤0.01% |
493,295
+24,144
| +5% | +$365K |
|
1981
Angi Inc
ANGI
$196M
| $7.2M | ﹤0.01% |
44,780
+2,243
| +5% | +$407K |
|
1982
Herc Holdings
HRI
$5.61B
| $7.19M | ﹤0.01% |
276,817
+39,474
| +17% | +$1.38M |
|
1983
Vicor
VICR
$10.2B
| $7.17M | ﹤0.01% |
189,887
+1,322
| +0.7% | +$48.3K |
|
1984
Vodafone
VOD
$37.4B
| $7.15M | ﹤0.01% |
370,948
-7,694
| -2% | -$154K |
|
1985
Icahn Enterprises
IEP
$5.3B
| $7.15M | ﹤0.01% |
125,194
+39
| +0% | +$2.59K |
|
1986
Onto Innovation
ONTO
$15.3B
| $7.13M | ﹤0.01% |
260,948
+14,971
| +6% | +$462K |
|
1987
Matrix Service
MTRX
$335M
| $7.12M | ﹤0.01% |
397,054
+34,544
| +10% | +$706K |
|
|
ORBC
1988
DELISTED
ORBCOMM, Inc.
ORBC
| $7.09M | ﹤0.01% |
858,710
+67,301
| +9% | +$628K |
|
1989
Barrett Business Services
BBSI
$804M
| $7.08M | ﹤0.01% |
494,348
-4,220
| -0.8% | -$68.3K |
|
1990
United Natural Foods
UNFI
$2.85B
| $7.07M | ﹤0.01% |
667,399
-11,617
| -2% | -$244K |
|
1991
Argan
AGX
$8.37B
| $7.05M | ﹤0.01% |
186,369
-35,120
| -16% | -$1.48M |
|
1992
Nabors Industries
NBR
$1.21B
| $7.02M | ﹤0.01% |
70,201
+6,192
| +10% | +$1.36M |
|
|
FFIC
1993
DELISTED
Flushing Financial
FFIC
| $6.96M | ﹤0.01% |
323,193
+19,471
| +6% | +$435K |
|
|
VSTO
1994
DELISTED
Vista Outdoor Inc.
VSTO
| $6.95M | ﹤0.01% |
612,081
+43,307
| +8% | +$569K |
|
|
AHRT
1995
AH Realty Trust
AHRT
$517M
| $6.94M | ﹤0.01% |
493,322
+28,139
| +6% | +$420K |
|
1996
Imperial Oil
IMO
$60.4B
| $6.94M | ﹤0.01% |
275,597
+43,965
| +19% | +$1.34M |
|
|
INFN
1997
DELISTED
Infinera Corporation Common Stock
INFN
| $6.92M | ﹤0.01% |
1,733,407
+135,512
| +8% | +$680K |
|
1998
Tootsie Roll Industries
TR
$2.98B
| $6.9M | ﹤0.01% |
261,808
+2,532
| +1% | +$64.6K |
|
|
LION
1999
DELISTED
Fidelity Southern Corporation
LION
| $6.9M | ﹤0.01% |
265,261
-6,538
| -2% | -$154K |
|
2000
Johnson Outdoors
JOUT
$505M
| $6.9M | ﹤0.01% |
117,476
+3,030
| +3% | +$217K |
|
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.