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 | |
|---|---|---|---|---|---|---|
|
OPB
2201
DELISTED
Opus Bank Common Stock
OPB
| $4.98M | ﹤0.01% |
254,402
+36,769
| +17% | +$784K |
|
2202
QCR Holdings
QCRH
$1.7B
| $4.97M | ﹤0.01% |
154,968
+10,970
| +8% | +$396K |
|
2203
Global Industrial
GIC
$1.49B
| $4.97M | ﹤0.01% |
208,082
+11,220
| +6% | +$318K |
|
2204
Kura Oncology
KURA
$850M
| $4.97M | ﹤0.01% |
354,010
+43,205
| +14% | +$572K |
|
|
AHT
2205
Ashford Hospitality Trust
AHT
$21M
| $4.97M | ﹤0.01% |
1,257
+127
| +11% | +$634K |
|
|
NSTG
2206
DELISTED
NanoString Technologies, Inc.
NSTG
| $4.96M | ﹤0.01% |
334,841
+34,717
| +12% | +$551K |
|
2207
Financial Institutions
FISI
$821M
| $4.96M | ﹤0.01% |
193,025
+13,255
| +7% | +$376K |
|
|
NXEO
2208
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
| $4.96M | ﹤0.01% |
577,352
+46,946
| +9% | +$474K |
|
2209
Ethan Allen Interiors
ETD
$603M
| $4.95M | ﹤0.01% |
281,207
+11,204
| +4% | +$220K |
|
|
HTBK
2210
DELISTED
Heritage Commerce
HTBK
| $4.94M | ﹤0.01% |
435,771
+34,094
| +8% | +$473K |
|
|
ABTX
2211
DELISTED
Allegiance Bancshares
ABTX
| $4.94M | ﹤0.01% |
152,593
+17,512
| +13% | +$652K |
|
2212
Boot Barn
BOOT
$4.95B
| $4.93M | ﹤0.01% |
289,519
+23,466
| +9% | +$539K |
|
|
CBAY
2213
DELISTED
Cymabay Therapeutics
CBAY
| $4.92M | ﹤0.01% |
625,627
+32,337
| +5% | +$308K |
|
2214
Veracyte
VCYT
$3.8B
| $4.92M | ﹤0.01% |
391,137
+13,261
| +4% | +$157K |
|
2215
Intellia Therapeutics
NTLA
$1.67B
| $4.91M | ﹤0.01% |
359,479
+17,771
| +5% | +$330K |
|
2216
International Seaways
INSW
$4.57B
| $4.9M | ﹤0.01% |
291,185
+7,122
| +3% | +$137K |
|
|
UCFC
2217
DELISTED
United Community Financial Corp
UCFC
| $4.9M | ﹤0.01% |
553,565
+27,446
| +5% | +$252K |
|
2218
Northern Oil and Gas
NOG
$2.35B
| $4.88M | ﹤0.01% |
216,154
+19,654
| +10% | +$578K |
|
2219
First Community Bankshares
FCBC
$911M
| $4.86M | ﹤0.01% |
154,541
+8,035
| +5% | +$268K |
|
2220
York Water
YORW
$514M
| $4.86M | ﹤0.01% |
151,675
+6,251
| +4% | +$200K |
|
|
ACBI
2221
DELISTED
Atlantic Capital Bancshares, Inc. Common Stock
ACBI
| $4.86M | ﹤0.01% |
296,627
+33,432
| +13% | +$550K |
|
|
AVP
2222
DELISTED
Avon Products, Inc.
AVP
| $4.86M | ﹤0.01% |
3,194,216
+228,733
| +8% | +$438K |
|
|
TVRD
2223
Tvardi Therapeutics
TVRD
$23.4M
| $4.79M | ﹤0.01% |
10,231
+574
| +6% | +$370K |
|
|
MEET
2224
DELISTED
The Meet Group, Inc. Common Stock
MEET
| $4.78M | ﹤0.01% |
1,032,381
+287,650
| +39% | +$1.23M |
|
2225
Stratasys
SSYS
$774M
| $4.77M | ﹤0.01% |
264,691
+68,032
| +35% | +$1.42M |
|
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.