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 | |
|---|---|---|---|---|---|---|
476
Campbell Soup
CPB
$6.55B
| $110M | 0.04% |
2,550,609
+30,577
| +1% | +$1.38M |
|
477
iShares Core S&P 500 ETF
IVV
$878B
| – | – |
0
| – | – |
|
478
Howmet Aerospace
HWM
$113B
| $110M | 0.04% |
6,232,806
+367,267
| +6% | +$7.47M |
|
|
ABMD
479
DELISTED
Abiomed Inc
ABMD
| $110M | 0.04% |
377,396
+16,889
| +5% | +$4.28M |
|
480
Snap-on
SNA
$21.2B
| $109M | 0.04% |
741,185
+20,095
| +3% | +$3.3M |
|
481
Globe Life
GL
$14.2B
| $109M | 0.04% |
1,296,928
+51,114
| +4% | +$4.47M |
|
482
CDW
CDW
$18.9B
| $108M | 0.04% |
1,541,984
+5,161
| +0.3% | +$377K |
|
483
AGNC Investment
AGNC
$12.4B
| $108M | 0.04% |
5,723,200
+705,821
| +14% | +$13.4M |
|
484
Jack Henry & Associates
JKHY
$10.9B
| $107M | 0.04% |
888,334
+48,071
| +6% | +$5.85M |
|
485
Bath & Body Works
BBWI
$4.06B
| $107M | 0.04% |
3,483,913
+244,433
| +8% | +$9.24M |
|
486
Marvell Technology
MRVL
$168B
| $107M | 0.03% |
5,108,472
-246,522
| -5% | -$5.64M |
|
487
CF Industries
CF
$19.2B
| $107M | 0.03% |
2,843,194
+205,154
| +8% | +$8.35M |
|
488
Iron Mountain
IRM
$36.4B
| $106M | 0.03% |
3,243,285
+202,987
| +7% | +$6.84M |
|
489
SEI Investments
SEIC
$12.4B
| $106M | 0.03% |
1,418,284
+66,110
| +5% | +$4.92M |
|
490
Pinnacle West Capital
PNW
$12.2B
| $106M | 0.03% |
1,328,342
+77,965
| +6% | +$6.12M |
|
491
Teleflex
TFX
$6.05B
| $105M | 0.03% |
413,670
+14,804
| +4% | +$3.89M |
|
|
PPLI
492
People Inc
PPLI
$3.09B
| $105M | 0.03% |
3,756,779
+128,879
| +4% | +$3.4M |
|
493
Liberty Broadband Class C
LBRDK
$4.88B
| $104M | 0.03% |
1,219,759
+17,209
| +1% | +$1.55M |
|
494
Fortune Brands Innovations
FBIN
$5.88B
| $103M | 0.03% |
2,057,606
+26,119
| +1% | +$1.46M |
|
495
Steel Dynamics
STLD
$36B
| $103M | 0.03% |
2,330,554
+139,239
| +6% | +$6.41M |
|
496
Qorvo
QRVO
$7.99B
| $103M | 0.03% |
1,461,911
+61,152
| +4% | +$4.61M |
|
497
Old Dominion Freight Line
ODFL
$44.1B
| $102M | 0.03% |
2,076,537
+92,547
| +5% | +$4.39M |
|
498
Advanced Micro Devices
AMD
$776B
| $101M | 0.03% |
10,087,547
+600,849
| +6% | +$7.12M |
|
499
NVR
NVR
$16.5B
| $101M | 0.03% |
35,967
-1,045
| -3% | -$3.32M |
|
|
OPLN
500
Openlane
OPLN
$4.21B
| $100M | 0.03% |
4,892,133
+520,408
| +12% | +$10.5M |
|
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.