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 | |
|---|---|---|---|---|---|---|
2301
Utah Medical Products
UTMD
$225M
| $4.13M | ﹤0.01% |
49,707
+1,422
| +3% | +$125K |
|
|
PCSB
2302
DELISTED
PCSB Financial Corporation
PCSB
| $4.13M | ﹤0.01% |
211,051
+9,200
| +5% | +$180K |
|
2303
VEON
VEON
$3.95B
| $4.12M | ﹤0.01% |
70,486
+29,055
| +70% | +$1.96M |
|
|
BSTC
2304
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $4.12M | ﹤0.01% |
68,017
+4,056
| +6% | +$242K |
|
|
ASXC
2305
DELISTED
Asensus Surgical, Inc.
ASXC
| $4.12M | ﹤0.01% |
140,138
+9,815
| +8% | +$446K |
|
|
PETQ
2306
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $4.12M | ﹤0.01% |
175,379
+58,000
| +49% | +$1.79M |
|
2307
Century Aluminum
CENX
$5.07B
| $4.11M | ﹤0.01% |
562,761
+17,070
| +3% | +$155K |
|
|
WMC
2308
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $4.11M | ﹤0.01% |
49,311
+6,918
| +16% | +$678K |
|
|
CIO
2309
DELISTED
City Office REIT
CIO
| $4.11M | ﹤0.01% |
400,842
+56,480
| +16% | +$632K |
|
|
OLP
2310
One Liberty Properties
OLP
$527M
| $4.09M | ﹤0.01% |
168,952
+7,271
| +4% | +$188K |
|
|
EPZM
2311
DELISTED
Epizyme, Inc
EPZM
| $4.09M | ﹤0.01% |
664,278
+122,457
| +23% | +$935K |
|
|
BAC.WS.A
2312
DELISTED
Bank Of America Corporation Ws A
BAC.WS.A
| $4.07M | ﹤0.01% |
317,640
-360,000
| -53% | -$5.52M |
|
2313
Zumiez
ZUMZ
$339M
| $4.06M | ﹤0.01% |
211,829
+19,120
| +10% | +$405K |
|
2314
1-800-Flowers.com
FLWS
$258M
| $4.06M | ﹤0.01% |
331,760
-6,067
| -2% | -$72.6K |
|
|
OLBK
2315
DELISTED
Old Line Bancshares, Inc.
OLBK
| $4.05M | ﹤0.01% |
153,751
+16,660
| +12% | +$484K |
|
|
MOBL
2316
DELISTED
MobileIron, Inc.
MOBL
| $4.04M | ﹤0.01% |
881,132
+163,536
| +23% | +$766K |
|
2317
Old Second Bancorp
OSBC
$1.29B
| $4.04M | ﹤0.01% |
310,558
+15,933
| +5% | +$225K |
|
|
BRSL
2318
Brightstar Lottery PLC
BRSL
$2.03B
| $4.03M | ﹤0.01% |
275,492
+31,499
| +13% | +$521K |
|
|
VRAY
2319
DELISTED
ViewRay, Inc.
VRAY
| $4.02M | ﹤0.01% |
662,946
+74,630
| +13% | +$559K |
|
|
NEX
2320
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $4.02M | ﹤0.01% |
491,097
+23,143
| +5% | +$258K |
|
2321
Inovio Pharmaceuticals
INO
$69M
| $4.02M | ﹤0.01% |
83,675
+10,414
| +14% | +$633K |
|
2322
REX American Resources
REX
$1.41B
| $4.01M | ﹤0.01% |
353,370
+16,284
| +5% | +$191K |
|
|
ACRE
2323
Ares Commercial Real Estate
ACRE
$270M
| $4.01M | ﹤0.01% |
307,239
+21,537
| +8% | +$301K |
|
|
MLNX
2324
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $4M | ﹤0.01% |
43,355
+4,363
| +11% | +$371K |
|
2325
Universal Electronics
UEIC
$61.3M
| $4M | ﹤0.01% |
158,374
+6,401
| +4% | +$207K |
|
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.