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 | |
|---|---|---|---|---|---|---|
|
RNET
2901
DELISTED
RigNet, Inc.
RNET
| $1.43M | ﹤0.01% |
105,280
+3,125
| +3% | +$48K |
|
|
HUD
2902
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $1.43M | ﹤0.01% |
+89,636
| New | +$1.43M |
|
2903
AstroNova
ALOT
$225M
| $1.42M | ﹤0.01% |
91,679
| – | – |
|
2904
Merchants Bancorp
MBIN
$2.53B
| $1.42M | ﹤0.01% |
99,105
+17,289
| +21% | +$244K |
|
|
NVO
2905
Novo Nordisk
NVO
$208B
| $1.42M | ﹤0.01% |
57,690
+2,320
| +4% | +$60.9K |
|
|
TLGT
2906
DELISTED
Teligent, Inc
TLGT
| $1.42M | ﹤0.01% |
42,200
+701
| +2% | +$22.3K |
|
|
NIHD
2907
DELISTED
NII Holdings, Inc. Common Stock
NIHD
| $1.41M | ﹤0.01% |
670,424
-140,258
| -17% | -$145K |
|
2908
Ardelyx
ARDX
$1.22B
| $1.41M | ﹤0.01% |
279,722
-11,559
| -4% | -$72.1K |
|
2909
Savara
SVRA
$1.12B
| $1.41M | ﹤0.01% |
153,388
| – | – |
|
|
NTC
2910
DELISTED
Nuveen Connecticut Quality Municipal Income Fund
NTC
| $1.41M | ﹤0.01% |
122,204
-62,017
| -34% | -$725K |
|
2911
Kodak
KODK
$822M
| $1.4M | ﹤0.01% |
262,600
+3,644
| +1% | +$23.4K |
|
2912
Orion Group Holdings
ORN
$396M
| $1.4M | ﹤0.01% |
212,865
+1,865
| +0.9% | +$13.4K |
|
2913
Orrstown Financial Services
ORRF
$840M
| $1.4M | ﹤0.01% |
57,866
+448
| +0.8% | +$11.1K |
|
|
PETX
2914
DELISTED
Aratana Therapeutics, Inc.
PETX
| $1.4M | ﹤0.01% |
316,935
+3,309
| +1% | +$14.8K |
|
2915
SmartFinancial
SMBK
$896M
| $1.39M | ﹤0.01% |
59,005
+885
| +2% | +$19.8K |
|
|
AC
2916
DELISTED
Associated Capital Group
AC
| $1.39M | ﹤0.01% |
37,250
-993
| -3% | -$35.1K |
|
|
EMKR
2917
DELISTED
Emcore Corp
EMKR
| $1.39M | ﹤0.01% |
24,345
-209
| -0.9% | -$12.6K |
|
2918
MannKind Corp
MNKD
$1.21B
| $1.38M | ﹤0.01% |
604,366
+52,798
| +10% | +$142K |
|
|
HBMD
2919
DELISTED
Howard Bancorp, Inc. Common Stock
HBMD
| $1.38M | ﹤0.01% |
69,543
+486
| +0.7% | +$9.8K |
|
2920
Fortress Biotech
FBIO
$104M
| $1.38M | ﹤0.01% |
20,147
+299
| +2% | +$18.9K |
|
2921
NWPX Infrastructure Inc
NWPX
$1.19B
| $1.37M | ﹤0.01% |
79,001
+772
| +1% | +$14.9K |
|
2922
Invesco Municipal Opportunity Trust
VMO
$651M
| $1.37M | ﹤0.01% |
116,559
+67,663
| +138% | +$808K |
|
2923
Carlyle Group
CG
$16.6B
| $1.36M | ﹤0.01% |
63,979
+980
| +2% | +$23.1K |
|
|
AOI
2924
DELISTED
Alliance One International
AOI
| $1.36M | ﹤0.01% |
52,438
+8,912
| +20% | +$168K |
|
2925
Liquidity Services
LQDT
$1.22B
| $1.36M | ﹤0.01% |
209,458
+370
| +0.2% | +$2.34K |
|
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.