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 | |
|---|---|---|---|---|---|---|
|
BHBK
2026
DELISTED
Blue Hills Bancorp, Inc.
BHBK
| $6.64M | ﹤0.01% |
311,140
+26,772
| +9% | +$616K |
|
2027
W&T Offshore
WTI
$518M
| $6.63M | ﹤0.01% |
1,608,892
+12,979
| +0.8% | +$82.9K |
|
|
NE
2028
DELISTED
Noble Corporation
NE
| $6.62M | ﹤0.01% |
2,525,513
+72,524
| +3% | +$344K |
|
|
STEL
2029
DELISTED
Stellar Bancorp
STEL
| $6.61M | ﹤0.01% |
224,766
+6,661
| +3% | +$221K |
|
|
AMAG
2030
DELISTED
AMAG Pharmaceuticals
AMAG
| $6.6M | ﹤0.01% |
434,805
-683
| -0.2% | -$13K |
|
|
NVEE
2031
DELISTED
NV5 Global
NVEE
| $6.58M | ﹤0.01% |
434,720
+35,928
| +9% | +$666K |
|
|
GOOD
2032
Gladstone Commercial Corp
GOOD
$627M
| $6.57M | ﹤0.01% |
366,675
+16,626
| +5% | +$312K |
|
|
CMO
2033
DELISTED
Capstead Mortgage Corp.
CMO
| $6.56M | ﹤0.01% |
984,100
+49,107
| +5% | +$363K |
|
2034
SunCoke Energy
SXC
$797M
| $6.55M | ﹤0.01% |
765,979
+47,537
| +7% | +$487K |
|
|
NPKI
2035
NPK International
NPKI
$1.14B
| $6.54M | ﹤0.01% |
951,244
+79,084
| +9% | +$645K |
|
|
AQUA
2036
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $6.49M | ﹤0.01% |
675,935
+41,609
| +7% | +$480K |
|
|
SAFE
2037
Safehold
SAFE
$1.15B
| $6.48M | ﹤0.01% |
145,129
+6,355
| +5% | +$322K |
|
2038
Pathward Financial
CASH
$1.8B
| $6.47M | ﹤0.01% |
333,834
+49,131
| +17% | +$1.15M |
|
2039
Natera
NTRA
$46.4B
| $6.46M | ﹤0.01% |
463,029
+26,771
| +6% | +$489K |
|
2040
Virtus Investment Partners
VRTS
$1.1B
| $6.46M | ﹤0.01% |
81,335
+10,653
| +15% | +$1.03M |
|
|
MCHB
2041
Mechanics Bancorp
MCHB
$3.68B
| $6.45M | ﹤0.01% |
303,797
+19,348
| +7% | +$489K |
|
|
DO
2042
DELISTED
Diamond Offshore Drilling
DO
| $6.44M | ﹤0.01% |
682,114
+27,144
| +4% | +$385K |
|
|
ALLK
2043
DELISTED
Allakos
ALLK
| $6.43M | ﹤0.01% |
123,041
-2,110
| -2% | -$106K |
|
2044
Center Bancorp
CNOB
$1.78B
| $6.42M | ﹤0.01% |
347,755
+24,201
| +7% | +$495K |
|
2045
Camden National
CAC
$976M
| $6.42M | ﹤0.01% |
178,557
+14,033
| +9% | +$563K |
|
|
ECHO
2046
DELISTED
Echo Global Logistics, Inc.
ECHO
| $6.39M | ﹤0.01% |
314,562
+40,677
| +15% | +$1.01M |
|
2047
Buckle
BKE
$2.37B
| $6.37M | ﹤0.01% |
329,558
+16,675
| +5% | +$338K |
|
|
USCR
2048
DELISTED
U S Concrete, Inc.
USCR
| $6.36M | ﹤0.01% |
180,176
+3,599
| +2% | +$130K |
|
2049
M/I Homes
MHO
$3.84B
| $6.36M | ﹤0.01% |
302,370
+22,053
| +8% | +$509K |
|
|
APTS
2050
DELISTED
Preferred Apartment Communities, Inc.
APTS
| $6.35M | ﹤0.01% |
451,922
+58,015
| +15% | +$907K |
|
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.