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 | |
|---|---|---|---|---|---|---|
2001
National Presto Industries
NPK
$989M
| $6.89M | ﹤0.01% |
58,970
+7,067
| +14% | +$885K |
|
|
UBA
2002
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $6.88M | ﹤0.01% |
358,059
+14,886
| +4% | +$300K |
|
2003
Gorman-Rupp
GRC
$2.21B
| $6.88M | ﹤0.01% |
212,231
+13,218
| +7% | +$442K |
|
|
MGY.WS
2004
DELISTED
Magnolia Oil & Gas Corporation
MGY.WS
| $6.87M | ﹤0.01% |
2,266,600
-8,400
| -0.4% | -$29.9K |
|
|
RDUS
2005
DELISTED
Radius Recycling
RDUS
| $6.86M | ﹤0.01% |
318,447
+11,973
| +4% | +$313K |
|
|
STFC
2006
DELISTED
State Auto Financial Corp
STFC
| $6.86M | ﹤0.01% |
201,589
+13,618
| +7% | +$444K |
|
|
CARO
2007
DELISTED
Carolina Financial Corp.
CARO
| $6.85M | ﹤0.01% |
231,619
+21,279
| +10% | +$708K |
|
2008
German American Bancorp
GABC
$1.9B
| $6.84M | ﹤0.01% |
246,268
+15,970
| +7% | +$496K |
|
2009
Magnolia Oil & Gas
MGY
$5.94B
| $6.83M | ﹤0.01% |
609,659
-46,489
| -7% | -$585K |
|
2010
Puma Biotechnology
PBYI
$454M
| $6.83M | ﹤0.01% |
335,869
+11,840
| +4% | +$355K |
|
2011
AMC Entertainment Holdings
AMC
$2.31B
| $6.83M | ﹤0.01% |
55,602
+5,796
| +12% | +$949K |
|
|
THR
2012
DELISTED
Thermon Group Holdings
THR
| $6.83M | ﹤0.01% |
336,569
+18,367
| +6% | +$414K |
|
|
AKCA
2013
DELISTED
Akcea Therapeutics Inc
AKCA
| $6.78M | ﹤0.01% |
225,034
+15,950
| +8% | +$447K |
|
|
TPC
2014
Tutor Perini Cor
TPC
$5.21B
| $6.76M | ﹤0.01% |
423,044
+33,132
| +8% | +$576K |
|
|
CPLG
2015
DELISTED
CorePoint Lodging Inc. Common Stock
CPLG
| $6.72M | ﹤0.01% |
548,573
+160,661
| +41% | +$2.43M |
|
2016
Garrett Motion
GTX
$5.57B
| $6.72M | ﹤0.01% |
+544,340
| New | +$7.4M |
|
2017
Lantheus
LNTH
$6.59B
| $6.71M | ﹤0.01% |
428,939
+56,935
| +15% | +$872K |
|
2018
Methanex
MEOH
$4.12B
| $6.69M | ﹤0.01% |
139,643
+12,650
| +10% | +$790K |
|
2019
Axcelis
ACLS
$4.33B
| $6.68M | ﹤0.01% |
375,416
+26,452
| +8% | +$470K |
|
|
I
2020
DELISTED
INTELSAT S. A.
I
| $6.68M | ﹤0.01% |
312,346
+60,941
| +24% | +$1.65M |
|
2021
ADT
ADT
$5.58B
| $6.68M | ﹤0.01% |
1,111,536
+1,990
| +0.2% | +$15K |
|
2022
Copa Holdings
CPA
$5.8B
| $6.67M | ﹤0.01% |
84,718
+156
| +0.2% | +$12.2K |
|
|
PSDO
2023
DELISTED
Presidio, Inc. Common Stock
PSDO
| $6.66M | ﹤0.01% |
510,191
-3,256
| -0.6% | -$45.1K |
|
2024
Quad
QUAD
$525M
| $6.65M | ﹤0.01% |
539,736
-21,024
| -4% | -$339K |
|
|
ALDR
2025
DELISTED
Alder Biopharmaceuticals
ALDR
| $6.65M | ﹤0.01% |
648,440
+29,296
| +5% | +$375K |
|
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.