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 |
AT&T
T
|
+$479M |
| 2 |
Meta Platforms (Facebook)
META
|
+$465M |
| 3 |
Amazon
AMZN
|
+$241M |
| 4 |
Procter & Gamble
PG
|
+$212M |
| 5 |
Verizon
VZ
|
+$178M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWX
Time Warner Inc
TWX
|
+$841M |
| 2 |
MON
Monsanto Co
MON
|
+$592M |
| 3 |
Apple
AAPL
|
+$138M |
| 4 |
Royal Bank of Canada
RY
|
+$82.4M |
| 5 |
CSRA
CSRA Inc.
CSRA
|
+$77.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 17.98% |
| 2 | Financials | 15.74% |
| 3 | Healthcare | 13.25% |
| 4 | Consumer Discretionary | 10.32% |
| 5 | Industrials | 9.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
426
Markel Group
MKL
$23.2B
| $135M | 0.04% |
125,038
+4,957
| +4% | +$5.6M |
|
427
PVH
PVH
$4.04B
| $135M | 0.04% |
904,415
+34,390
| +4% | +$5.41M |
|
428
Zions Bancorporation
ZION
$10.3B
| $135M | 0.04% |
2,564,360
+97,611
| +4% | +$5.39M |
|
429
Nasdaq
NDAQ
$52.9B
| $134M | 0.04% |
4,413,561
+202,020
| +5% | +$6.07M |
|
430
Gartner
IT
$11.7B
| $134M | 0.04% |
1,007,563
-76,806
| -7% | -$9.83M |
|
431
Regency Centers
REG
$14.1B
| $134M | 0.04% |
2,154,447
+74,062
| +4% | +$4.35M |
|
432
Raymond James Financial
RJF
$34B
| $133M | 0.04% |
2,234,988
+34,102
| +2% | +$2.12M |
|
433
Dover
DOV
$28.4B
| $132M | 0.04% |
1,806,954
-334,023
| -16% | -$25.6M |
|
|
HOLX
434
DELISTED
Hologic
HOLX
| $131M | 0.04% |
3,313,709
+101,428
| +3% | +$3.9M |
|
435
Federal Realty Investment Trust
FRT
$10.3B
| $131M | 0.04% |
1,039,788
+52,466
| +5% | +$6.19M |
|
436
Invesco
IVZ
$13.9B
| $131M | 0.04% |
4,946,231
+247,637
| +5% | +$7.12M |
|
437
Hormel Foods
HRL
$13.8B
| $131M | 0.04% |
3,528,324
+95,783
| +3% | +$3.44M |
|
438
Huntington Ingalls Industries
HII
$12.8B
| $131M | 0.04% |
604,619
+3,007
| +0.5% | +$698K |
|
439
Masco
MAS
$15.3B
| $130M | 0.04% |
3,483,439
+8,264
| +0.2% | +$318K |
|
440
CF Industries
CF
$17.3B
| $130M | 0.04% |
2,923,647
+80,453
| +3% | +$3.28M |
|
441
CoStar Group
CSGP
$12.3B
| $130M | 0.04% |
3,142,000
-90,530
| -3% | -$3.48M |
|
442
Packaging Corp of America
PKG
$22.8B
| $129M | 0.04% |
1,158,310
+44,496
| +4% | +$5.2M |
|
443
Tractor Supply
TSCO
$18B
| $129M | 0.04% |
8,422,445
+453,930
| +6% | +$6.31M |
|
|
AMTD
444
DELISTED
TD Ameritrade Holding Corp
AMTD
| $128M | 0.04% |
2,332,565
-411,608
| -15% | -$24.5M |
|
445
Cincinnati Financial
CINF
$27.1B
| $127M | 0.04% |
1,905,726
+70,958
| +4% | +$5.04M |
|
|
FRC
446
DELISTED
First Republic Bank
FRC
| $127M | 0.04% |
1,312,960
+107,538
| +9% | +$10.4M |
|
|
IPG
447
DELISTED
Interpublic Group of Companies
IPG
| $127M | 0.04% |
5,412,256
+276,909
| +5% | +$6.51M |
|
|
NLSN
448
DELISTED
Nielsen Holdings plc
NLSN
| $126M | 0.04% |
4,092,561
+128,952
| +3% | +$4.04M |
|
|
KSU
449
DELISTED
Kansas City Southern
KSU
| $125M | 0.04% |
1,181,616
+12,671
| +1% | +$1.38M |
|
|
SPLK
450
DELISTED
Splunk Inc
SPLK
| $124M | 0.04% |
1,249,612
-19,334
| -2% | -$2.1M |
|
Similar funds
Geode Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Geode Capital Management held 4,200 positions worth $325B, up 6% from $307B the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Geode Capital Management's Q2 2018 filing shows 156 new, 3,028 increased, 472 reduced and 134 closed positions. Its largest new stake was Evergy: 3,270,555 shares worth $183M. The largest sale was Time Warner Inc, an estimated $841M.
By sector, the portfolio is most concentrated in Technology at 18% of assets, up from 18% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q2 2018 buy was Evergy: 3,270,555 shares worth $183M.
- Geode Capital Management added most to AT&T in Q2 2018, an estimated $479M increase.
- Geode Capital Management's biggest Q2 2018 reduction was Apple, cutting an estimated $138M.
- Geode Capital Management fully exited Time Warner Inc in Q2 2018, selling an estimated $841M.
- Geode Capital Management's ten largest holdings make up 18% of its $325B portfolio in Q2 2018.
- Geode Capital Management opened 156 new positions and closed 134 in Q2 2018.
- Geode Capital Management's portfolio value rose 6% quarter-over-quarter to $325B.
Based on Geode Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.