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 | |
|---|---|---|---|---|---|---|
2426
McEwen Inc
MUX
$1.18B
| $3.42M | ﹤0.01% |
187,957
+11,605
| +7% | +$224K |
|
2427
Kinross Gold
KGC
$32.8B
| $3.41M | ﹤0.01% |
1,067,276
+146,939
| +16% | +$411K |
|
2428
Lennar Class B
LEN.B
$20.8B
| $3.41M | ﹤0.01% |
114,412
+8,521
| +8% | +$280K |
|
2429
MediciNova
MNOV
$66M
| $3.4M | ﹤0.01% |
416,581
+24,391
| +6% | +$243K |
|
2430
Farmers & Merchants Bancorp
FMAO
$481M
| $3.38M | ﹤0.01% |
87,938
+5,111
| +6% | +$210K |
|
|
GDEN
2431
DELISTED
Golden Entertainment
GDEN
| $3.38M | ﹤0.01% |
211,174
+20,561
| +11% | +$374K |
|
2432
Accuray
ARAY
$34M
| $3.38M | ﹤0.01% |
992,090
+126,656
| +15% | +$514K |
|
|
SEI
2433
Solaris Energy Infrastructure
SEI
$3.82B
| $3.38M | ﹤0.01% |
279,376
+37,383
| +15% | +$531K |
|
2434
VSE Corp
VSEC
$6.12B
| $3.36M | ﹤0.01% |
112,464
-6,795
| -6% | -$204K |
|
|
CATC
2435
DELISTED
CAMBRIDGE BANCORP
CATC
| $3.35M | ﹤0.01% |
40,312
+1,862
| +5% | +$158K |
|
2436
Hingham Institution for Saving
HIFS
$663M
| $3.35M | ﹤0.01% |
16,961
+682
| +4% | +$143K |
|
2437
CNB Financial Corp
CCNE
$1.03B
| $3.35M | ﹤0.01% |
146,032
+8,090
| +6% | +$209K |
|
2438
GDS Holdings
GDS
$6.41B
| $3.35M | ﹤0.01% |
145,753
+10,172
| +8% | +$265K |
|
|
CHUY
2439
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $3.34M | ﹤0.01% |
188,447
+8,817
| +5% | +$199K |
|
2440
CryoPort
CYRX
$762M
| $3.34M | ﹤0.01% |
302,544
+14,530
| +5% | +$158K |
|
2441
Adams Diversified Equity Fund
ADX
$3.2B
| $3.34M | ﹤0.01% |
264,366
+162,411
| +159% | +$2.39M |
|
2442
Origin Bancorp
OBK
$1.66B
| $3.33M | ﹤0.01% |
97,687
+12,912
| +15% | +$472K |
|
|
CBLK
2443
DELISTED
Carbon Black, Inc. Common Stock
CBLK
| $3.33M | ﹤0.01% |
248,041
+108,697
| +78% | +$1.79M |
|
|
TBRG
2444
DELISTED
TruBridge
TBRG
| $3.33M | ﹤0.01% |
132,584
+13,977
| +12% | +$365K |
|
|
FRBK
2445
DELISTED
Republic First Bancorp Inc
FRBK
| $3.31M | ﹤0.01% |
555,018
+25,517
| +5% | +$173K |
|
|
JCP
2446
DELISTED
J.C. Penney Company, Inc.
JCP
| $3.31M | ﹤0.01% |
3,180,439
+167,783
| +6% | +$235K |
|
2447
A10 Networks
ATEN
$1.95B
| $3.3M | ﹤0.01% |
529,439
+20,211
| +4% | +$122K |
|
|
FSB
2448
DELISTED
Franklin Financial Network, Inc.
FSB
| $3.3M | ﹤0.01% |
125,218
+7,765
| +7% | +$257K |
|
2449
Forum Energy Technologies
FET
$835M
| $3.3M | ﹤0.01% |
39,963
+2,260
| +6% | +$341K |
|
|
LGTY
2450
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $3.29M | ﹤0.01% |
315,380
+15,761
| +5% | +$174K |
|
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.