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 | |
|---|---|---|---|---|---|---|
|
SHOE
2051
Shoe Station Group
SHOE
$428M
| $6.34M | ﹤0.01% |
378,290
+64,842
| +21% | +$1.2M |
|
2052
Rhythm Pharmaceuticals
RYTM
$7.96B
| $6.29M | ﹤0.01% |
233,894
+54,247
| +30% | +$1.5M |
|
2053
MasterCraft Boat Holdings
MCFT
$590M
| $6.28M | ﹤0.01% |
335,885
+334
| +0.1% | +$9.29K |
|
|
HOME
2054
DELISTED
At Home Group Inc.
HOME
| $6.25M | ﹤0.01% |
335,228
+35,084
| +12% | +$892K |
|
|
HNGR
2055
DELISTED
Hanger Inc.
HNGR
| $6.25M | ﹤0.01% |
+330,042
| New | +$6.37M |
|
|
DCOM
2056
DELISTED
Dime Community Bancshares
DCOM
| $6.24M | ﹤0.01% |
367,339
+17,470
| +5% | +$297K |
|
|
RFP
2057
DELISTED
Resolute Forest Products Inc.
RFP
| $6.21M | ﹤0.01% |
783,602
+103,019
| +15% | +$1.14M |
|
|
ATNX
2058
DELISTED
Athenex, Inc. Common Stock
ATNX
| $6.21M | ﹤0.01% |
24,483
+1,753
| +8% | +$446K |
|
2059
Peoples Bancorp
PEBO
$1.47B
| $6.21M | ﹤0.01% |
206,391
+8,849
| +4% | +$295K |
|
|
CSR
2060
Centerspace
CSR
$952M
| $6.19M | ﹤0.01% |
126,235
+8,513
| +7% | +$455K |
|
|
EIGI
2061
DELISTED
Endurance International Group Holdings, Inc.
EIGI
| $6.19M | ﹤0.01% |
931,069
+67,174
| +8% | +$557K |
|
|
BPYU
2062
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
| $6.18M | ﹤0.01% |
385,508
+35,845
| +10% | +$654K |
|
|
REN
2063
DELISTED
Resolute Energy Corporaton
REN
| $6.17M | ﹤0.01% |
212,966
+12,364
| +6% | +$390K |
|
2064
Waterstone Financial
WSBF
$375M
| $6.17M | ﹤0.01% |
368,040
+10,236
| +3% | +$170K |
|
2065
FB Financial Corp
FBK
$3.04B
| $6.15M | ﹤0.01% |
175,514
+11,316
| +7% | +$415K |
|
2066
Forrester Research
FORR
$224M
| $6.14M | ﹤0.01% |
137,374
+8,188
| +6% | +$349K |
|
2067
Bank of Marin Bancorp
BMRC
$459M
| $6.13M | ﹤0.01% |
148,546
+21,906
| +17% | +$896K |
|
2068
Tidewater
TDW
$4.12B
| $6.11M | ﹤0.01% |
319,511
+86,632
| +37% | +$2.26M |
|
|
AEGN
2069
DELISTED
Aegion Corp
AEGN
| $6.1M | ﹤0.01% |
374,033
+25,197
| +7% | +$503K |
|
|
KREF
2070
KKR Real Estate Finance Trust
KREF
$499M
| $6.08M | ﹤0.01% |
317,629
+45,162
| +17% | +$890K |
|
2071
KLX Energy Services
KLXE
$42.3M
| $6.08M | ﹤0.01% |
51,842
-9,843
| -16% | -$1.36M |
|
|
DHIL
2072
DELISTED
Diamond Hill
DHIL
| $6.08M | ﹤0.01% |
40,656
+3,361
| +9% | +$557K |
|
2073
Gates Industrial Corporation Ltd.
GTES
$7.15B
| $6.06M | ﹤0.01% |
457,904
+6,762
| +1% | +$102K |
|
2074
Gildan
GIL
$10.6B
| $6.05M | ﹤0.01% |
200,847
-2,189
| -1% | -$67.6K |
|
|
JAG
2075
DELISTED
Jagged Peak Energy Inc.
JAG
| $6.05M | ﹤0.01% |
663,390
+69,847
| +12% | +$836K |
|
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.