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 |
Amazon
AMZN
|
+$259M |
| 2 |
Marathon Petroleum
MPC
|
+$187M |
| 3 |
Microsoft
MSFT
|
+$155M |
| 4 |
Salesforce
CRM
|
+$141M |
| 5 |
Williams Companies
WMB
|
+$141M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$503M |
| 2 |
ANDV
Andeavor
ANDV
|
+$240M |
| 3 |
GGP
GGP Inc.
GGP
|
+$177M |
| 4 |
XL
XL Group Ltd.
XL
|
+$170M |
| 5 |
Spectrum Brands
SPB
|
+$98.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.64% |
| 2 | Financials | 15.33% |
| 3 | Healthcare | 14.16% |
| 4 | Consumer Discretionary | 10.41% |
| 5 | Industrials | 9.89% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TELL
1951
DELISTED
Tellurian Inc.
TELL
| $9.41M | ﹤0.01% |
1,048,761
+228,633
| +28% | +$1.88M |
|
1952
Acushnet Holdings
GOLF
$5.26B
| $9.4M | ﹤0.01% |
342,780
-20,666
| -6% | -$537K |
|
|
IPHS
1953
DELISTED
Innophos Holdings, Inc.
IPHS
| $9.39M | ﹤0.01% |
211,621
+15,674
| +8% | +$716K |
|
1954
Rayonier Advanced Materials
RYAM
$573M
| $9.39M | ﹤0.01% |
509,582
+39,873
| +8% | +$783K |
|
|
CSW
1955
CSW Industrials
CSW
$5.7B
| $9.36M | ﹤0.01% |
174,325
+6,126
| +4% | +$334K |
|
1956
Trupanion
TRUP
$1.33B
| $9.36M | ﹤0.01% |
261,996
+37,933
| +17% | +$1.46M |
|
|
ARR
1957
Armour Residential REIT
ARR
$2.37B
| $9.3M | ﹤0.01% |
82,892
+6,379
| +8% | +$745K |
|
1958
Ovintiv
OVV
$17.2B
| $9.3M | ﹤0.01% |
143,154
+13,811
| +11% | +$895K |
|
1959
Adtran
ADTN
$671M
| $9.3M | ﹤0.01% |
526,717
+22,640
| +4% | +$378K |
|
|
CNR
1960
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $9.28M | ﹤0.01% |
612,651
+81,882
| +15% | +$1.36M |
|
|
UBNK
1961
DELISTED
United Financial Bancorp, Inc.
UBNK
| $9.27M | ﹤0.01% |
550,681
+37,473
| +7% | +$659K |
|
|
TYPE
1962
DELISTED
Monotype Imaging Holdings Inc.
TYPE
| $9.24M | ﹤0.01% |
457,459
+16,762
| +4% | +$346K |
|
1963
Onto Innovation
ONTO
$20.8B
| $9.23M | ﹤0.01% |
245,977
-55,039
| -18% | -$2.16M |
|
1964
Cohen & Steers
CNS
$4.35B
| $9.23M | ﹤0.01% |
227,215
+19,203
| +9% | +$805K |
|
1965
Genesco
GCO
$392M
| $9.22M | ﹤0.01% |
195,772
+10,198
| +5% | +$445K |
|
1966
LGI Homes
LGIH
$1.35B
| $9.21M | ﹤0.01% |
194,170
+11,649
| +6% | +$640K |
|
1967
St. Joe Company
JOE
$3.9B
| $9.2M | ﹤0.01% |
547,448
+13,753
| +3% | +$241K |
|
1968
Zscaler
ZS
$29.1B
| $9.17M | ﹤0.01% |
224,867
+28,356
| +14% | +$1.15M |
|
1969
Community Trust Bancorp
CTBI
$1.43B
| $9.15M | ﹤0.01% |
197,424
+7,160
| +4% | +$353K |
|
1970
Preferred Bank
PFBC
$1.27B
| $9.12M | ﹤0.01% |
155,875
+14,574
| +10% | +$913K |
|
1971
Hanmi Financial
HAFC
$959M
| $9.11M | ﹤0.01% |
365,870
+17,391
| +5% | +$458K |
|
1972
Bank of N.T. Butterfield & Son
NTB
$2.49B
| $9.11M | ﹤0.01% |
175,615
+27,412
| +18% | +$1.38M |
|
1973
Liberty Media Series A
FWONA
$23.7B
| $9.1M | ﹤0.01% |
267,229
+6,963
| +3% | +$231K |
|
1974
Stock Yards Bancorp
SYBT
$2.64B
| $9.09M | ﹤0.01% |
250,450
+8,698
| +4% | +$332K |
|
1975
Triumph Financial Inc
TFIN
$1.87B
| $9.09M | ﹤0.01% |
237,913
+10,665
| +5% | +$443K |
|
Similar funds
Geode Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Geode Capital Management held 4,213 positions worth $355B, up 9.1% from $325B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management's Q3 2018 filing shows 147 new, 3,044 increased, 474 reduced and 91 closed positions. Its largest new stake was KKR & Co: 3,466,090 shares worth $94.5M. The largest sale was Apple, an estimated $503M.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q3 2018 buy was KKR & Co: 3,466,090 shares worth $94.5M.
- Geode Capital Management added most to Amazon in Q3 2018, an estimated $259M increase.
- Geode Capital Management's biggest Q3 2018 reduction was Apple, cutting an estimated $503M.
- Geode Capital Management fully exited GGP Inc. in Q3 2018, selling an estimated $177M.
- Geode Capital Management's ten largest holdings make up 18% of its $355B portfolio in Q3 2018.
- Geode Capital Management opened 147 new positions and closed 91 in Q3 2018.
- Geode Capital Management's portfolio value rose 9.1% quarter-over-quarter to $355B.
Based on Geode Capital Management's 13F filing for Q3 2018, filed 13 Nov 2018.