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 | |
|---|---|---|---|---|---|---|
|
LDL
2401
DELISTED
Lydall, Inc.
LDL
| $3.61M | ﹤0.01% |
177,969
+6,243
| +4% | +$170K |
|
2402
West Bancorporation
WTBA
$485M
| $3.59M | ﹤0.01% |
188,281
+8,468
| +5% | +$179K |
|
|
EVRI
2403
DELISTED
Everi Holdings
EVRI
| $3.58M | ﹤0.01% |
694,372
+35,495
| +5% | +$242K |
|
|
LHC.U
2404
DELISTED
Leo Holdings Corp. II Units, each consisting of one Class A ordinary share and one-quarter of one redeemable warrant
LHC.U
| $3.57M | ﹤0.01% |
350,000
| – | – |
|
2405
Motorcar Parts of America
MPAA
$258M
| $3.56M | ﹤0.01% |
213,900
+9,571
| +5% | +$182K |
|
|
JCAP
2406
DELISTED
Jernigan Capital, Inc.
JCAP
| $3.55M | ﹤0.01% |
178,914
+21,356
| +14% | +$435K |
|
|
UCTT
2407
Ultra Clean Holdings
UCTT
$3.95B
| $3.54M | ﹤0.01% |
418,104
+7,133
| +2% | +$69.7K |
|
|
AXDX
2408
DELISTED
Accelerate Diagnostics
AXDX
| $3.54M | ﹤0.01% |
30,786
+919
| +3% | +$136K |
|
2409
Bar Harbor Bankshares
BHB
$666M
| $3.52M | ﹤0.01% |
156,863
+8,853
| +6% | +$221K |
|
|
AABA
2410
DELISTED
Altaba Inc
AABA
| $3.52M | ﹤0.01% |
60,737
-192
| -0.3% | -$11.8K |
|
|
DCPH
2411
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $3.5M | ﹤0.01% |
166,904
+27,157
| +19% | +$668K |
|
|
DF
2412
DELISTED
Dean Foods Company
DF
| $3.5M | ﹤0.01% |
918,586
+50,353
| +6% | +$304K |
|
2413
IMAX
IMAX
$2.66B
| $3.5M | ﹤0.01% |
185,975
+27,374
| +17% | +$559K |
|
2414
Diageo
DEO
$53.6B
| $3.49M | ﹤0.01% |
24,630
+3,800
| +18% | +$534K |
|
|
CYBR
2415
DELISTED
CyberArk
CYBR
| $3.48M | ﹤0.01% |
46,974
+10,592
| +29% | +$757K |
|
2416
Hurco Companies Inc
HURC
$143M
| $3.48M | ﹤0.01% |
97,549
+6,192
| +7% | +$247K |
|
2417
Elbit Systems
ESLT
$40.3B
| $3.47M | ﹤0.01% |
30,433
-252
| -0.8% | -$30.6K |
|
|
BBBY
2418
Bed Bath & Beyond
BBBY
$442M
| $3.47M | ﹤0.01% |
339,951
+53,658
| +19% | +$804K |
|
|
EGLE
2419
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $3.47M | ﹤0.01% |
107,485
+13,693
| +15% | +$464K |
|
2420
Sonic Automotive
SAH
$2.61B
| $3.46M | ﹤0.01% |
251,713
+13,736
| +6% | +$228K |
|
2421
Hooker Furnishings Corp
HOFT
$166M
| $3.45M | ﹤0.01% |
131,102
+10,433
| +9% | +$311K |
|
|
BOJA
2422
DELISTED
Bojangles', Inc. Common Stock
BOJA
| $3.45M | ﹤0.01% |
214,636
+11,314
| +6% | +$181K |
|
|
BFX
2423
DELISTED
BowFlex Inc.
BFX
| $3.45M | ﹤0.01% |
316,305
-673
| -0.2% | -$8.41K |
|
|
EEX
2424
DELISTED
Emerald Holding
EEX
| $3.44M | ﹤0.01% |
279,003
+29,951
| +12% | +$388K |
|
2425
Q32 Bio
QTTB
$464M
| $3.42M | ﹤0.01% |
8,502
+2,332
| +38% | +$882K |
|
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.