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 | |
|---|---|---|---|---|---|---|
|
KIN
2376
DELISTED
Kindred Biosciences, Inc.
KIN
| $3.72M | ﹤0.01% |
339,644
+5,233
| +2% | +$65.9K |
|
|
BHR
2377
Braemar Hotels & Resorts
BHR
$142M
| $3.71M | ﹤0.01% |
420,052
+23,915
| +6% | +$238K |
|
2378
Heritage Insurance Holdings
HRTG
$991M
| $3.71M | ﹤0.01% |
251,838
+20,155
| +9% | +$300K |
|
|
CVON
2379
DELISTED
ConvergeOne Holdings, Inc. Class A Common Stock
CVON
| $3.71M | ﹤0.01% |
299,443
+25,016
| +9% | +$276K |
|
2380
Cytokinetics
CYTK
$10.4B
| $3.7M | ﹤0.01% |
585,543
+70,954
| +14% | +$521K |
|
2381
Schwab Emerging Markets Equity ETF
SCHE
$12.9B
| – | – |
0
| – | – |
|
|
SPWR
2382
DELISTED
SunPower Corporation Common Stock
SPWR
| $3.7M | ﹤0.01% |
1,135,584
+48,549
| +4% | +$202K |
|
2383
Metallus
MTUS
$898M
| $3.69M | ﹤0.01% |
422,420
+43,092
| +11% | +$495K |
|
2384
Merchants Bancorp
MBIN
$2.49B
| $3.68M | ﹤0.01% |
276,642
+31,044
| +13% | +$466K |
|
|
GAM
2385
General American Investors Company
GAM
$1.61B
| $3.67M | ﹤0.01% |
129,168
-1,869
| -1% | -$61.2K |
|
2386
Koppers
KOP
$969M
| $3.67M | ﹤0.01% |
215,181
+10,744
| +5% | +$253K |
|
|
HAYN
2387
DELISTED
Haynes International, Inc.
HAYN
| $3.67M | ﹤0.01% |
138,845
+11,286
| +9% | +$349K |
|
2388
Westwood Holdings Group
WHG
$190M
| $3.66M | ﹤0.01% |
107,789
+15,167
| +16% | +$623K |
|
2389
Cameco
CCJ
$42.4B
| $3.65M | ﹤0.01% |
324,407
+37,047
| +13% | +$429K |
|
2390
Sierra Bancorp
BSRR
$525M
| $3.65M | ﹤0.01% |
151,762
+18,593
| +14% | +$499K |
|
2391
Alpha Metallurgical Resources
AMR
$1.93B
| $3.64M | ﹤0.01% |
+55,427
| New | +$3.71M |
|
|
CCXI
2392
DELISTED
ChemoCentryx, Inc.
CCXI
| $3.64M | ﹤0.01% |
333,917
+82,918
| +33% | +$874K |
|
2393
Astrana Health
ASTH
$1.77B
| $3.64M | ﹤0.01% |
183,445
+22,917
| +14% | +$429K |
|
|
ORC
2394
Orchid Island Capital
ORC
$1.31B
| $3.63M | ﹤0.01% |
113,755
+6,288
| +6% | +$209K |
|
2395
Farmers National Banc Corp
FMNB
$930M
| $3.63M | ﹤0.01% |
284,594
+13,145
| +5% | +$178K |
|
2396
Citizens
CIA
$192M
| $3.62M | ﹤0.01% |
481,328
+75,186
| +19% | +$591K |
|
2397
Talos Energy
TALO
$2.4B
| $3.62M | ﹤0.01% |
221,803
+19,146
| +9% | +$452K |
|
2398
Vishay Precision Group
VPG
$914M
| $3.62M | ﹤0.01% |
119,726
+5,840
| +5% | +$192K |
|
|
CTT
2399
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $3.62M | ﹤0.01% |
509,290
+31,318
| +7% | +$279K |
|
2400
BP
BP
$107B
| $3.61M | ﹤0.01% |
98,359
-821
| -0.8% | -$32.8K |
|
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.