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 | |
|---|---|---|---|---|---|---|
|
RTL
2176
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $5.17M | ﹤0.01% |
388,254
+9,151
| +2% | +$126K |
|
2177
Upland Software
UPLD
$15.4M
| $5.17M | ﹤0.01% |
19,013
+2,054
| +12% | +$616K |
|
2178
Assembly Biosciences
ASMB
$529M
| $5.16M | ﹤0.01% |
19,006
+1,005
| +6% | +$291K |
|
2179
Mercer International
MERC
$39.8M
| $5.14M | ﹤0.01% |
492,425
-43,308
| -8% | -$602K |
|
2180
The Bancorp
TBBK
$2.84B
| $5.13M | ﹤0.01% |
644,727
+89,545
| +16% | +$840K |
|
2181
Mercantile Bank Corp
MBWM
$1.05B
| $5.12M | ﹤0.01% |
181,056
+9,214
| +5% | +$286K |
|
2182
NVE Corp
NVEC
$609M
| $5.11M | ﹤0.01% |
58,395
+4,308
| +8% | +$390K |
|
2183
Quanex
NX
$1.01B
| $5.11M | ﹤0.01% |
375,892
+18,949
| +5% | +$289K |
|
2184
MYR Group
MYRG
$5.25B
| $5.1M | ﹤0.01% |
181,179
+9,258
| +5% | +$286K |
|
|
WAIR
2185
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $5.1M | ﹤0.01% |
645,338
+48,956
| +8% | +$484K |
|
|
GLDD
2186
DELISTED
Great Lakes Dredge & Dock
GLDD
| $5.09M | ﹤0.01% |
768,690
+218,409
| +40% | +$1.42M |
|
|
CASA
2187
DELISTED
Casa Systems, Inc. Common Stock
CASA
| $5.08M | ﹤0.01% |
386,842
+54,942
| +17% | +$789K |
|
2188
Prothena Corp
PRTA
$450M
| $5.08M | ﹤0.01% |
492,808
+49,954
| +11% | +$594K |
|
2189
National CineMedia
NCMI
$378M
| $5.07M | ﹤0.01% |
78,310
+12,857
| +20% | +$1.01M |
|
2190
America's Car Mart
CRMT
$26.9M
| $5.07M | ﹤0.01% |
69,973
+692
| +1% | +$50.9K |
|
|
HTB
2191
HomeTrust Bancshares
HTB
$848M
| $5.06M | ﹤0.01% |
193,270
+17,996
| +10% | +$480K |
|
2192
DXP Enterprises
DXPE
$2.98B
| $5.05M | ﹤0.01% |
181,556
+8,688
| +5% | +$308K |
|
|
ASNA
2193
DELISTED
Ascena Retail Group, Inc.
ASNA
| $5.04M | ﹤0.01% |
100,420
+9,757
| +11% | +$690K |
|
|
MITT
2194
TPG Mortgage Investment Trust
MITT
$225M
| $5.03M | ﹤0.01% |
105,266
+6,527
| +7% | +$342K |
|
|
WCN
2195
Waste Connections
WCN
$42B
| $5.03M | ﹤0.01% |
69,530
+16,043
| +30% | +$1.22M |
|
|
XOG
2196
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $5.01M | ﹤0.01% |
1,168,815
-105,766
| -8% | -$787K |
|
|
STNL
2197
DELISTED
Sentinel Energy Services Inc. Class A Common Stock
STNL
| $5.01M | ﹤0.01% |
+500,000
| New | +$5.01M |
|
2198
Peapack-Gladstone Financial
PGC
$812M
| $5.01M | ﹤0.01% |
198,935
+11,258
| +6% | +$311K |
|
2199
Insteel Industries
IIIN
$625M
| $5M | ﹤0.01% |
205,996
+9,899
| +5% | +$275K |
|
2200
Century Communities
CCS
$2.03B
| $4.99M | ﹤0.01% |
289,221
+54,994
| +23% | +$1.15M |
|
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.