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 |
Microsoft
MSFT
|
+$442M |
| 2 |
Amazon
AMZN
|
+$347M |
| 3 |
Apple
AAPL
|
+$276M |
| 4 |
Intel
INTC
|
+$246M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$231M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
|
+$90M |
| 2 |
BIVV
Bioverativ Inc. Common Stock
BIVV
|
+$52.3M |
| 3 |
CPN
Calpine Corporation
CPN
|
+$45.5M |
| 4 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$40.3M |
| 5 |
LNCE
Snyders-Lance, Inc.
LNCE
|
+$40M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.82% |
| 2 | Financials | 16.57% |
| 3 | Healthcare | 13.16% |
| 4 | Industrials | 10.29% |
| 5 | Consumer Discretionary | 9.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2551
Reading International Class A
RDI
$33.2M
| $2.75M | ﹤0.01% |
164,989
+30,013
| +22% | +$498K |
|
2552
First Internet Bancorp
INBK
$257M
| $2.75M | ﹤0.01% |
74,201
+1,000
| +1% | +$38.1K |
|
2553
National Grid
NGG
$80.4B
| $2.74M | ﹤0.01% |
54,985
+43,971
| +399% | +$2.15M |
|
2554
Globalstar
GSAT
$10.7B
| $2.73M | ﹤0.01% |
265,073
+7,685
| +3% | +$114K |
|
2555
Blue Bird Corp
BLBD
$2.35B
| $2.73M | ﹤0.01% |
114,989
+27,251
| +31% | +$597K |
|
2556
National CineMedia
NCMI
$376M
| $2.72M | ﹤0.01% |
52,468
-491
| -0.9% | -$32.4K |
|
|
FFKT
2557
DELISTED
Farmers Capital Bank Corp
FFKT
| $2.72M | ﹤0.01% |
68,087
+1,418
| +2% | +$55.3K |
|
|
SUP
2558
DELISTED
Superior Industries International
SUP
| $2.71M | ﹤0.01% |
203,967
+4,879
| +2% | +$76.5K |
|
|
KREF
2559
KKR Real Estate Finance Trust
KREF
$448M
| $2.71M | ﹤0.01% |
135,156
+11,054
| +9% | +$218K |
|
|
PRMW
2560
DELISTED
Primo Water Corporation
PRMW
| $2.71M | ﹤0.01% |
231,512
+2,988
| +1% | +$37.1K |
|
2561
Ducommun
DCO
$2.7B
| $2.71M | ﹤0.01% |
89,221
+1,963
| +2% | +$56.7K |
|
|
ACGN
2562
DELISTED
Aceragen Inc
ACGN
| $2.71M | ﹤0.01% |
10,840
+1,446
| +15% | +$397K |
|
|
PVBC
2563
DELISTED
Provident Bancorp
PVBC
| $2.71M | ﹤0.01% |
206,201
+1,316
| +0.6% | +$16.5K |
|
2564
Sterling Infrastructure
STRL
$18.3B
| $2.69M | ﹤0.01% |
235,075
+2,085
| +0.9% | +$27.5K |
|
2565
Peoples Financial Services
PFIS
$704M
| $2.69M | ﹤0.01% |
58,935
+707
| +1% | +$31.6K |
|
|
CHMI
2566
Cherry Hill Mortgage Investment Corp
CHMI
$83M
| $2.68M | ﹤0.01% |
152,989
-5,998
| -4% | -$102K |
|
2567
Harmonic Inc
HLIT
$1.25B
| $2.67M | ﹤0.01% |
702,632
+15,120
| +2% | +$54.9K |
|
|
CORI
2568
DELISTED
Corium International, Inc.
CORI
| $2.67M | ﹤0.01% |
232,622
+9,086
| +4% | +$110K |
|
2569
Energy Recovery
ERII
$446M
| $2.66M | ﹤0.01% |
324,097
+5,168
| +2% | +$41.8K |
|
|
WCN
2570
Waste Connections
WCN
$42.2B
| $2.66M | ﹤0.01% |
39,230
-63,485
| -62% | -$4.52M |
|
|
CHFN
2571
DELISTED
Charter Financial Corp
CHFN
| $2.66M | ﹤0.01% |
130,622
+1,229
| +0.9% | +$23.8K |
|
2572
A10 Networks
ATEN
$2.13B
| $2.66M | ﹤0.01% |
457,204
+19,266
| +4% | +$126K |
|
2573
Upland Software
UPLD
$12.8M
| $2.65M | ﹤0.01% |
9,222
+196
| +2% | +$48.3K |
|
2574
Global Indemnity Group
GBLI
$402M
| $2.64M | ﹤0.01% |
76,564
+1,061
| +1% | +$41.5K |
|
|
BAS
2575
DELISTED
Basis Energy Services, Inc.
BAS
| $2.64M | ﹤0.01% |
183,014
+2,441
| +1% | +$47.3K |
|
Similar funds
Geode Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Geode Capital Management held 4,157 positions worth $307B, up 4.2% from $294B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management deployed $15.6B of net new capital in Q1 2018, opening 131 new positions and adding to 2,872 existing holdings. Its largest new stake was GCI Liberty, Inc. Class A Common Stock (DE): 899,850 shares worth $47.6M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 17% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Enbridge, an estimated $27.1M trimmed.
- Geode Capital Management's largest Q1 2018 buy was GCI Liberty, Inc. Class A Common Stock (DE): 899,850 shares worth $47.6M.
- Geode Capital Management added most to Microsoft in Q1 2018, an estimated $442M increase.
- Geode Capital Management's biggest Q1 2018 reduction was Enbridge, cutting an estimated $27.1M.
- Geode Capital Management fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $90M.
- Geode Capital Management's ten largest holdings make up 17% of its $307B portfolio in Q1 2018.
- Geode Capital Management opened 131 new positions and closed 108 in Q1 2018.
- Geode Capital Management's portfolio value rose 4.2% quarter-over-quarter to $307B.
Based on Geode Capital Management's 13F filing for Q1 2018, filed 15 May 2018.