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 | |
|---|---|---|---|---|---|---|
2326
Ducommun
DCO
$2.98B
| $3.99M | ﹤0.01% |
109,848
+8,588
| +8% | +$331K |
|
|
SMTA
2327
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
| $3.98M | ﹤0.01% |
558,708
+26,663
| +5% | +$270K |
|
2328
Tejon Ranch
TRC
$451M
| $3.98M | ﹤0.01% |
239,932
+64,087
| +36% | +$1.19M |
|
|
CNR
2329
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $3.98M | ﹤0.01% |
548,405
-64,246
| -10% | -$770K |
|
|
CIVI
2330
DELISTED
Civitas Resources
CIVI
| $3.97M | ﹤0.01% |
192,290
-6,168
| -3% | -$162K |
|
|
WRD
2331
DELISTED
WildHorse Resource Development
WRD
| $3.97M | ﹤0.01% |
281,298
+37,975
| +16% | +$748K |
|
|
AAMI
2332
Acadian Asset Management
AAMI
$3.19B
| $3.96M | ﹤0.01% |
371,174
+72,901
| +24% | +$877K |
|
|
PGNX
2333
DELISTED
Progenics Pharmaceuticals Inc
PGNX
| $3.96M | ﹤0.01% |
943,271
+99,428
| +12% | +$506K |
|
|
TAHO
2334
DELISTED
Tahoe Resources Inc
TAHO
| $3.95M | ﹤0.01% |
1,083,482
+160,820
| +17% | +$494K |
|
2335
HCI Group
HCI
$2.41B
| $3.95M | ﹤0.01% |
77,767
+4,718
| +6% | +$231K |
|
|
PLYA
2336
DELISTED
Playa Hotels & Resorts
PLYA
| $3.94M | ﹤0.01% |
548,562
-24,971
| -4% | -$202K |
|
2337
Novartis
NVS
$297B
| $3.94M | ﹤0.01% |
51,261
+5,610
| +12% | +$437K |
|
|
HCCI
2338
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $3.92M | ﹤0.01% |
170,588
+13,992
| +9% | +$329K |
|
|
MODN
2339
DELISTED
MODEL N, INC.
MODN
| $3.92M | ﹤0.01% |
296,353
+30,155
| +11% | +$435K |
|
2340
Willdan Group
WLDN
$1.3B
| $3.91M | ﹤0.01% |
111,762
+32,499
| +41% | +$1.11M |
|
|
WLH
2341
DELISTED
WILLIAM LYON HOMES
WLH
| $3.91M | ﹤0.01% |
365,556
+78,258
| +27% | +$1,000K |
|
2342
Allient
ALNT
$1.92B
| $3.9M | ﹤0.01% |
131,109
+23,259
| +22% | +$715K |
|
|
CBIO
2343
Crescent Biopharma
CBIO
$626M
| $3.9M | ﹤0.01% |
4,120
+574
| +16% | +$691K |
|
2344
UNIFI
UFI
$134M
| $3.9M | ﹤0.01% |
170,706
+9,094
| +6% | +$230K |
|
2345
Standard BioTools
LAB
$314M
| $3.9M | ﹤0.01% |
452,057
+132,549
| +41% | +$1.03M |
|
2346
El Pollo Loco
LOCO
$462M
| $3.89M | ﹤0.01% |
256,739
+30,352
| +13% | +$437K |
|
2347
CRA International
CRAI
$1.06B
| $3.88M | ﹤0.01% |
91,300
+8,274
| +10% | +$372K |
|
2348
WillScot Mobile Mini Holdings
WSC
$4.41B
| $3.88M | ﹤0.01% |
411,536
+28,442
| +7% | +$403K |
|
|
TAST
2349
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $3.86M | ﹤0.01% |
392,064
+30,439
| +8% | +$363K |
|
|
AKRX
2350
DELISTED
Akorn Inc
AKRX
| $3.84M | ﹤0.01% |
1,132,779
+115,405
| +11% | +$687K |
|
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.