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 | |
|---|---|---|---|---|---|---|
2076
Schneider National
SNDR
$6.25B
| $6.04M | ﹤0.01% |
323,619
-64,115
| -17% | -$1.37M |
|
2077
Adtran
ADTN
$616M
| $6.03M | ﹤0.01% |
561,918
+35,201
| +7% | +$480K |
|
2078
Southern Copper
SCCO
$166B
| $6.02M | ﹤0.01% |
212,365
+10,084
| +5% | +$340K |
|
2079
Unisys
UIS
$217M
| $6.02M | ﹤0.01% |
517,493
+25,027
| +5% | +$394K |
|
2080
Brown-Forman Class A
BF.A
$13.3B
| $6.01M | ﹤0.01% |
126,843
+9,805
| +8% | +$468K |
|
|
BFYT
2081
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $5.99M | ﹤0.01% |
224,253
+50,018
| +29% | +$2.01M |
|
2082
Anika Therapeutics
ANIK
$287M
| $5.99M | ﹤0.01% |
178,234
+6,329
| +4% | +$228K |
|
2083
Regis Corp
RGS
$70.2M
| $5.99M | ﹤0.01% |
17,662
+689
| +4% | +$246K |
|
|
EVOP
2084
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $5.99M | ﹤0.01% |
242,716
+97,421
| +67% | +$2.4M |
|
|
PFC
2085
DELISTED
Premier Financial Corp. Common Stock
PFC
| $5.98M | ﹤0.01% |
243,882
+11,349
| +5% | +$306K |
|
|
ITCI
2086
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $5.97M | ﹤0.01% |
524,461
+25,588
| +5% | +$413K |
|
2087
Cenovus Energy
CVE
$52.1B
| $5.97M | ﹤0.01% |
855,309
+95,602
| +13% | +$787K |
|
|
PS
2088
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $5.96M | ﹤0.01% |
253,067
+22,748
| +10% | +$524K |
|
|
DVAX
2089
DELISTED
Dynavax Technologies
DVAX
| $5.96M | ﹤0.01% |
650,953
+57,082
| +10% | +$632K |
|
|
BGG
2090
DELISTED
Briggs & Stratton Corp.
BGG
| $5.95M | ﹤0.01% |
455,022
+22,300
| +5% | +$344K |
|
|
RESI
2091
DELISTED
Front Yard Residential Corporation Common Stock
RESI
| $5.95M | ﹤0.01% |
681,675
+167,255
| +33% | +$1.57M |
|
2092
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $5.94M | ﹤0.01% |
189,610
+13,995
| +8% | +$574K |
|
|
TGI
2093
DELISTED
Triumph Group
TGI
| $5.94M | ﹤0.01% |
516,706
+29,424
| +6% | +$511K |
|
|
DRNA
2094
DELISTED
Dicerna Pharmaceuticals, Inc.
DRNA
| $5.93M | ﹤0.01% |
554,957
+109,012
| +24% | +$1.43M |
|
|
KE
2095
Kimball Electronics
KE
$628M
| $5.92M | ﹤0.01% |
382,098
+14,678
| +4% | +$258K |
|
|
PRTY
2096
DELISTED
Party City Holdco Inc.
PRTY
| $5.89M | ﹤0.01% |
590,834
+95,645
| +19% | +$1.04M |
|
|
COOP
2097
DELISTED
Mr. Cooper
COOP
| $5.89M | ﹤0.01% |
504,852
+232,406
| +85% | +$3.32M |
|
|
EXTN
2098
DELISTED
Exterran Corporation
EXTN
| $5.88M | ﹤0.01% |
332,334
+18,671
| +6% | +$419K |
|
2099
Green Plains
GPRE
$1.03B
| $5.86M | ﹤0.01% |
446,654
+4,272
| +1% | +$69.9K |
|
2100
Ecovyst
ECVT
$1.14B
| $5.84M | ﹤0.01% |
394,581
+36,313
| +10% | +$558K |
|
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.