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 | |
|---|---|---|---|---|---|---|
351
W.W. Grainger
GWW
$60.4B
| $201M | 0.05% |
669,402
-29,298
| -4% | -$8.71M |
|
352
Conagra Brands
CAG
$7.11B
| $201M | 0.05% |
7,246,624
+397,945
| +6% | +$9.12M |
|
353
Veeva Systems
VEEV
$35.4B
| $201M | 0.05% |
1,581,996
+274,748
| +21% | +$31M |
|
354
D.R. Horton
DHI
$40.8B
| $200M | 0.05% |
4,844,734
+150,015
| +3% | +$5.87M |
|
355
Vornado Realty Trust
VNO
$7.27B
| $200M | 0.05% |
2,968,246
+210,050
| +8% | +$14.1M |
|
|
HOLX
356
DELISTED
Hologic
HOLX
| $199M | 0.05% |
4,112,377
+307,048
| +8% | +$13.8M |
|
357
Lennar Class A
LEN
$20.4B
| $198M | 0.05% |
4,170,217
+171,590
| +4% | +$7.76M |
|
|
K
358
DELISTED
Kellanova
K
| $198M | 0.05% |
3,672,617
-73,023
| -2% | -$3.9M |
|
359
Huntington Bancshares
HBAN
$35.1B
| $197M | 0.05% |
15,543,392
+1,016,797
| +7% | +$13.7M |
|
360
Quest Diagnostics
DGX
$26.3B
| $197M | 0.05% |
2,188,709
+42,725
| +2% | +$3.7M |
|
361
Expedia Group
EXPE
$36.8B
| $195M | 0.05% |
1,639,637
+81,475
| +5% | +$9.89M |
|
362
Teleflex
TFX
$6.15B
| $194M | 0.05% |
643,500
+232,786
| +57% | +$64.9M |
|
|
DRE
363
DELISTED
Duke Realty Corp.
DRE
| $193M | 0.05% |
6,330,232
+285,830
| +5% | +$8.36M |
|
364
Equifax
EFX
$20.7B
| $193M | 0.05% |
1,631,424
+102,886
| +7% | +$11M |
|
365
Advance Auto Parts
AAP
$3.49B
| $193M | 0.05% |
1,132,863
+138,171
| +14% | +$22.3M |
|
366
Expeditors International
EXPD
$23.2B
| $192M | 0.05% |
2,536,911
-88,277
| -3% | -$6.37M |
|
367
Dover
DOV
$28.4B
| $192M | 0.05% |
2,048,679
+139,898
| +7% | +$12.1M |
|
|
WCG
368
DELISTED
Wellcare Health Plans, Inc.
WCG
| $191M | 0.05% |
710,648
-12,800
| -2% | -$3.31M |
|
369
Xylem
XYL
$28.2B
| $191M | 0.05% |
2,416,687
+146,198
| +6% | +$10.7M |
|
|
CTXS
370
DELISTED
Citrix Systems Inc
CTXS
| $190M | 0.05% |
1,913,129
-73,364
| -4% | -$7.61M |
|
371
J.M. Smucker
SJM
$12.7B
| $188M | 0.05% |
1,615,356
+33,149
| +2% | +$3.46M |
|
|
VAR
372
DELISTED
Varian Medical Systems, Inc.
VAR
| $183M | 0.05% |
1,295,804
+36,300
| +3% | +$4.77M |
|
|
SPLK
373
DELISTED
Splunk Inc
SPLK
| $183M | 0.05% |
1,470,443
+132,278
| +10% | +$16.5M |
|
374
American Airlines Group
AAL
$10.6B
| $183M | 0.05% |
5,758,200
+227,207
| +4% | +$7.63M |
|
375
Hormel Foods
HRL
$13.8B
| $181M | 0.05% |
4,056,291
-192,204
| -5% | -$8.23M |
|
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.