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 | |
|---|---|---|---|---|---|---|
2351
Lindblad Expeditions
LIND
$2.22B
| $3.84M | ﹤0.01% |
285,035
+11,760
| +4% | +$157K |
|
|
TACO
2352
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
| $3.84M | ﹤0.01% |
384,048
+16,208
| +4% | +$175K |
|
|
EMCI
2353
DELISTED
EMC INS Group Inc
EMCI
| $3.83M | ﹤0.01% |
120,228
+35,401
| +42% | +$982K |
|
|
FBMS
2354
DELISTED
The First Bancshares, Inc.
FBMS
| $3.83M | ﹤0.01% |
126,494
+11,087
| +10% | +$387K |
|
|
PENG
2355
Penguin Solutions Inc
PENG
$2.99B
| $3.82M | ﹤0.01% |
257,370
-276,568
| -52% | -$4.18M |
|
|
KEYW
2356
DELISTED
The KEYW Holding Corporation
KEYW
| $3.82M | ﹤0.01% |
570,596
+85,711
| +18% | +$726K |
|
2357
Griffon
GFF
$4.86B
| $3.81M | ﹤0.01% |
364,885
+41,991
| +13% | +$533K |
|
|
FPRX
2358
DELISTED
Five Prime Therapeutics, Inc.
FPRX
| $3.81M | ﹤0.01% |
409,701
+38,601
| +10% | +$459K |
|
2359
Citi Trends
CTRN
$605M
| $3.8M | ﹤0.01% |
186,449
+31,850
| +21% | +$754K |
|
2360
Nicolet Bankshares
NIC
$3.62B
| $3.79M | ﹤0.01% |
77,653
+5,596
| +8% | +$290K |
|
|
RST
2361
DELISTED
ROSETTA STONE INC
RST
| $3.78M | ﹤0.01% |
230,636
+23,654
| +11% | +$432K |
|
2362
Red Robin
RRGB
$152M
| $3.78M | ﹤0.01% |
141,425
+2,086
| +1% | +$70.2K |
|
|
ANCX
2363
DELISTED
Access National Corp
ANCX
| $3.77M | ﹤0.01% |
176,991
+28,578
| +19% | +$721K |
|
|
QTS.PRB
2364
DELISTED
QTS Realty Trust, Inc. 6.50% Series B Cumulative Convertible Perpetual Preferred Stock
QTS.PRB
| – | – |
0
| – | – |
|
2365
FRP Holdings
FRPH
$421M
| $3.77M | ﹤0.01% |
163,896
+6,712
| +4% | +$167K |
|
|
DX
2366
Dynex Capital
DX
$3.21B
| $3.77M | ﹤0.01% |
219,698
+16,675
| +8% | +$298K |
|
2367
Camping World
CWH
$653M
| $3.77M | ﹤0.01% |
328,511
+24,674
| +8% | +$438K |
|
2368
Park Aerospace
PKE
$819M
| $3.76M | ﹤0.01% |
208,001
+12,375
| +6% | +$223K |
|
2369
Lexicon Pharmaceuticals
LXRX
$1.1B
| $3.75M | ﹤0.01% |
565,085
+13,664
| +2% | +$111K |
|
2370
Logitech
LOGI
$15.2B
| $3.75M | ﹤0.01% |
119,895
+741
| +0.6% | +$26.5K |
|
|
OMN
2371
DELISTED
OMNOVA Solutions Inc.
OMN
| $3.75M | ﹤0.01% |
511,232
+80,678
| +19% | +$650K |
|
|
LTHM
2372
DELISTED
Livent Corporation
LTHM
| $3.74M | ﹤0.01% |
+270,855
| New | +$4.42M |
|
|
ZIXI
2373
DELISTED
Zix Corporation
ZIXI
| $3.73M | ﹤0.01% |
651,440
+38,635
| +6% | +$230K |
|
2374
Cato Corp
CATO
$66.1M
| $3.73M | ﹤0.01% |
261,181
+17,120
| +7% | +$295K |
|
2375
Select Water Solutions
WTTR
$2.61B
| $3.72M | ﹤0.01% |
588,860
+62,335
| +12% | +$616K |
|
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.