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 | |
|---|---|---|---|---|---|---|
276
Nektar Therapeutics
NKTR
$2.41B
| $217M | 0.07% |
136,157
+39,759
| +41% | +$51.2M |
|
277
Essex Property Trust
ESS
$18.1B
| $214M | 0.07% |
889,872
+62,918
| +8% | +$14.5M |
|
278
Motorola Solutions
MSI
$71.5B
| $213M | 0.07% |
2,027,416
+247,956
| +14% | +$25.3M |
|
279
Eversource Energy
ES
$27.8B
| $212M | 0.07% |
3,611,877
-13,940
| -0.4% | -$825K |
|
280
Seagate
STX
$193B
| $211M | 0.07% |
3,611,739
+495,482
| +16% | +$26.4M |
|
281
NetApp
NTAP
$34.1B
| $211M | 0.07% |
3,424,099
+273,584
| +9% | +$16.7M |
|
282
DTE Energy
DTE
$29.5B
| $210M | 0.07% |
2,366,047
+132,560
| +6% | +$11.6M |
|
283
Hartford Financial Services
HIG
$39.2B
| $206M | 0.07% |
4,009,932
+176,710
| +5% | +$9.67M |
|
284
Devon Energy
DVN
$50.9B
| $206M | 0.07% |
6,484,276
+55,438
| +0.9% | +$2.03M |
|
285
FirstEnergy
FE
$28.2B
| $206M | 0.07% |
6,057,458
+156,234
| +3% | +$5.02M |
|
286
Eastman Chemical
EMN
$8.01B
| $205M | 0.07% |
1,947,921
+148,703
| +8% | +$15M |
|
|
INFO
287
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $205M | 0.07% |
4,251,435
+198,571
| +5% | +$9.39M |
|
288
Fastenal
FAST
$53.5B
| $203M | 0.07% |
14,875,332
+897,280
| +6% | +$12.4M |
|
289
Principal Financial Group
PFG
$24.4B
| $202M | 0.07% |
3,318,826
+264,629
| +9% | +$17.4M |
|
290
Ametek
AME
$55B
| $200M | 0.07% |
2,642,806
+109,446
| +4% | +$8.31M |
|
291
AutoZone
AZO
$49.1B
| $199M | 0.07% |
307,427
+19,463
| +7% | +$13.9M |
|
292
Huntington Bancshares
HBAN
$34.5B
| $199M | 0.06% |
13,201,375
+1,092,521
| +9% | +$17.2M |
|
293
Clorox
CLX
$11.7B
| $199M | 0.06% |
1,497,306
+105,417
| +8% | +$14.2M |
|
|
PARA
294
DELISTED
Paramount Global Class B
PARA
| $198M | 0.06% |
3,867,598
+30,014
| +0.8% | +$1.65M |
|
|
WRK
295
DELISTED
WestRock Company
WRK
| $198M | 0.06% |
3,096,021
+227,249
| +8% | +$15M |
|
296
United Airlines
UAL
$40.1B
| $198M | 0.06% |
2,858,504
+160,643
| +6% | +$11.1M |
|
297
MGM Resorts International
MGM
$11.7B
| $198M | 0.06% |
5,672,728
+285,192
| +5% | +$10M |
|
|
CMA
298
DELISTED
Comerica
CMA
| $198M | 0.06% |
2,064,766
+154,045
| +8% | +$14.7M |
|
299
Labcorp
LH
$25.9B
| $196M | 0.06% |
1,413,979
+113,292
| +9% | +$16.6M |
|
|
TFCF
300
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $195M | 0.06% |
5,377,827
+401,844
| +8% | +$14.7M |
|
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.