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
|
+$478M |
| 2 |
McDonald's
MCD
|
+$464M |
| 3 |
Apple
AAPL
|
+$450M |
| 4 |
Berkshire Hathaway Class B
BRK.B
|
+$428M |
| 5 |
Home Depot
HD
|
+$404M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$657M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$320M |
| 3 |
Cisco
CSCO
|
+$130M |
| 4 |
Meta Platforms (Facebook)
META
|
+$129M |
| 5 |
Eli Lilly
LLY
|
+$102M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.31% |
| 2 | Financials | 14.85% |
| 3 | Healthcare | 14.2% |
| 4 | Consumer Discretionary | 10.44% |
| 5 | Industrials | 9.52% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PTVCB
2851
DELISTED
Protective Insurance Corporation Class B Common Stock
PTVCB
| $1.89M | ﹤0.01% |
102,278
+5,448
| +6% | +$106K |
|
2852
Barnes & Noble Education
BNED
$443M
| $1.89M | ﹤0.01% |
4,495
+315
| +8% | +$171K |
|
2853
Norwood Financial Corp
NWFL
$368M
| $1.88M | ﹤0.01% |
60,940
+2,583
| +4% | +$79K |
|
2854
Investar Holding Corp
ISTR
$414M
| $1.87M | ﹤0.01% |
82,474
+3,955
| +5% | +$93.3K |
|
2855
Unity Bancorp
UNTY
$599M
| $1.87M | ﹤0.01% |
99,076
+4,530
| +5% | +$90.8K |
|
|
RBNC
2856
DELISTED
Reliant Bancorp, Inc. Common Stock
RBNC
| $1.86M | ﹤0.01% |
83,246
+3,684
| +5% | +$82K |
|
2857
Acacia Research
ACTG
$470M
| $1.85M | ﹤0.01% |
568,929
+12,546
| +2% | +$39K |
|
2858
Caesarstone
CSTE
$79.5M
| $1.85M | ﹤0.01% |
118,602
+15,691
| +15% | +$246K |
|
|
GCAP
2859
DELISTED
Gain Capital Holdings, Inc.
GCAP
| $1.85M | ﹤0.01% |
293,979
+13,526
| +5% | +$90K |
|
2860
Riverview Bancorp
RVSB
$108M
| $1.84M | ﹤0.01% |
252,424
+8,286
| +3% | +$62.5K |
|
|
IFN
2861
Aberdeen India Fund
IFN
$504M
| $1.84M | ﹤0.01% |
86,260
-7,495
| -8% | -$156K |
|
|
PVBC
2862
DELISTED
Provident Bancorp
PVBC
| $1.84M | ﹤0.01% |
164,396
+4,183
| +3% | +$47.1K |
|
|
GPX
2863
DELISTED
GP Strategies Corp.
GPX
| $1.84M | ﹤0.01% |
151,453
+13,073
| +9% | +$191K |
|
2864
AXT Inc
AXTI
$5.8B
| $1.84M | ﹤0.01% |
413,077
+19,345
| +5% | +$82.6K |
|
2865
argenx
ARGX
$54.1B
| $1.83M | ﹤0.01% |
14,690
+60
| +0.4% | +$7.05K |
|
2866
LCNB Corp
LCNB
$283M
| $1.83M | ﹤0.01% |
106,885
+2,328
| +2% | +$38.7K |
|
2867
Pan American Silver
PAAS
$21.6B
| $1.83M | ﹤0.01% |
138,209
+14,320
| +12% | +$200K |
|
|
SABA
2868
Saba Capital Income & Opportunities Fund II
SABA
$223M
| $1.83M | ﹤0.01% |
+145,121
| New | +$1.84M |
|
2869
Cibus
CBUS
$138M
| $1.83M | ﹤0.01% |
2,078
+228
| +12% | +$163K |
|
2870
XBiotech
XBIT
$69.2M
| $1.83M | ﹤0.01% |
165,866
+30,703
| +23% | +$249K |
|
2871
Tiptree Inc
TIPT
$675M
| $1.82M | ﹤0.01% |
288,117
+12,953
| +5% | +$77.8K |
|
2872
Ardelyx
ARDX
$997M
| $1.82M | ﹤0.01% |
649,656
-30,673
| -5% | -$79.8K |
|
|
PRTK
2873
DELISTED
Paratek Pharmaceuticals, Inc.
PRTK
| $1.82M | ﹤0.01% |
339,492
+30,719
| +10% | +$198K |
|
2874
BCB Bancorp
BCBP
$161M
| $1.81M | ﹤0.01% |
135,516
+6,229
| +5% | +$75.5K |
|
|
ZEUS
2875
DELISTED
Olympic Steel
ZEUS
| $1.8M | ﹤0.01% |
113,576
+14,603
| +15% | +$262K |
|
Similar funds
Geode Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Geode Capital Management held 4,238 positions worth $386B, up 19% from $323B the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Geode Capital Management deployed $17.9B of net new capital in Q1 2019, opening 97 new positions and adding to 3,168 existing holdings. Its largest new stake was Fox Class A: 4,763,740 shares worth $175M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Cisco, an estimated $130M trimmed.
- Geode Capital Management's largest Q1 2019 buy was Fox Class A: 4,763,740 shares worth $175M.
- Geode Capital Management added most to Amazon in Q1 2019, an estimated $478M increase.
- Geode Capital Management's biggest Q1 2019 reduction was Cisco, cutting an estimated $130M.
- Geode Capital Management fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $657M.
- Geode Capital Management's ten largest holdings make up 17% of its $386B portfolio in Q1 2019.
- Geode Capital Management opened 97 new positions and closed 110 in Q1 2019.
- Geode Capital Management's portfolio value rose 19% quarter-over-quarter to $386B.
Based on Geode Capital Management's 13F filing for Q1 2019, filed 14 May 2019.