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 | |
|---|---|---|---|---|---|---|
301
Host Hotels & Resorts
HST
$16B
| $245M | 0.06% |
12,973,768
+896,241
| +7% | +$16.5M |
|
302
Hartford Financial Services
HIG
$39.6B
| $244M | 0.06% |
4,916,822
+294,048
| +6% | +$14M |
|
|
ANSS
303
DELISTED
Ansys
ANSS
| $244M | 0.06% |
1,335,323
+241,154
| +22% | +$40.8M |
|
|
MXIM
304
DELISTED
Maxim Integrated Products
MXIM
| $242M | 0.06% |
4,554,342
+303,498
| +7% | +$16.3M |
|
305
Chipotle Mexican Grill
CMG
$42.7B
| $240M | 0.06% |
16,953,250
+1,454,250
| +9% | +$16.9M |
|
306
Western Digital
WDC
$156B
| $240M | 0.06% |
6,613,232
+354,475
| +6% | +$12.1M |
|
307
T-Mobile US
TMUS
$193B
| $239M | 0.06% |
3,456,779
+181,694
| +6% | +$12.7M |
|
308
Las Vegas Sands
LVS
$29.9B
| $236M | 0.06% |
3,859,773
+644,193
| +20% | +$37.9M |
|
309
Hershey
HSY
$36.8B
| $235M | 0.06% |
2,050,735
-138,641
| -6% | -$15.1M |
|
|
FRC
310
DELISTED
First Republic Bank
FRC
| $234M | 0.06% |
2,334,230
+236,925
| +11% | +$23.3M |
|
311
Viatris
VTRS
$19B
| $234M | 0.06% |
8,264,693
+389,489
| +5% | +$11.4M |
|
312
CMS Energy
CMS
$22.3B
| $230M | 0.06% |
4,152,145
+414,707
| +11% | +$21.9M |
|
313
Darden Restaurants
DRI
$24.1B
| $229M | 0.06% |
1,891,840
+66,169
| +4% | +$7.25M |
|
314
Arista Networks
ANET
$242B
| $228M | 0.06% |
11,635,712
+757,328
| +7% | +$12M |
|
315
KeyCorp
KEY
$24.3B
| $226M | 0.06% |
14,394,989
+1,110,901
| +8% | +$18.5M |
|
|
LLL
316
DELISTED
L3 Technologies, Inc.
LLL
| $225M | 0.06% |
1,094,049
+62,928
| +6% | +$12.5M |
|
317
Diamondback Energy
FANG
$53.1B
| $225M | 0.06% |
2,221,557
+181,382
| +9% | +$18.6M |
|
318
CenterPoint Energy
CNP
$26.8B
| $224M | 0.06% |
7,305,968
+174,842
| +2% | +$5.29M |
|
319
Genuine Parts
GPC
$18.3B
| $223M | 0.06% |
1,995,657
+29,892
| +2% | +$3.09M |
|
320
lululemon athletica
LULU
$14.2B
| $223M | 0.06% |
1,359,791
+62,985
| +5% | +$9.2M |
|
|
PARA
321
DELISTED
Paramount Global Class B
PARA
| $222M | 0.06% |
4,676,784
+304,164
| +7% | +$14.8M |
|
322
Regions Financial
RF
$26.8B
| $222M | 0.06% |
15,679,279
+668,741
| +4% | +$10.2M |
|
323
Extra Space Storage
EXR
$31.6B
| $221M | 0.06% |
2,173,843
+223,790
| +11% | +$21.5M |
|
324
Labcorp
LH
$25.6B
| $219M | 0.06% |
1,670,768
+27,092
| +2% | +$3.34M |
|
325
Loews
L
$23.7B
| $219M | 0.06% |
4,580,033
+253,764
| +6% | +$12M |
|
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.