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 | |
|---|---|---|---|---|---|---|
801
Carter's
CRI
$1.42B
| $43.6M | 0.01% |
418,483
-24,808
| -6% | -$2.88M |
|
|
CONE
802
DELISTED
CyrusOne Inc Common Stock
CONE
| $43.4M | 0.01% |
847,351
+50,989
| +6% | +$2.73M |
|
803
Brunswick
BC
$5.13B
| $43.2M | 0.01% |
727,386
+19,587
| +3% | +$1.16M |
|
|
DST
804
DELISTED
DST Systems Inc.
DST
| $43.2M | 0.01% |
516,305
+2,305
| +0.4% | +$188K |
|
805
Fair Isaac
FICO
$24.3B
| $43.2M | 0.01% |
254,845
+6,379
| +3% | +$1.07M |
|
|
MFA
806
MFA Financial
MFA
$926M
| $43.1M | 0.01% |
1,431,467
+3,005
| +0.2% | +$89.2K |
|
807
Sarepta Therapeutics
SRPT
$1.57B
| $42.9M | 0.01% |
579,392
+19,936
| +4% | +$1.33M |
|
808
Trinity Industries
TRN
$2.49B
| $42.9M | 0.01% |
1,826,153
+75,305
| +4% | +$1.85M |
|
|
STL
809
DELISTED
Sterling Bancorp
STL
| $42.8M | 0.01% |
1,898,694
+96,063
| +5% | +$2.35M |
|
810
MGIC Investment
MTG
$6.16B
| $42.5M | 0.01% |
3,267,573
+218,921
| +7% | +$3.1M |
|
811
National Fuel Gas
NFG
$7.82B
| $42.3M | 0.01% |
822,960
+45,514
| +6% | +$2.38M |
|
812
Teva Pharmaceuticals
TEVA
$40.8B
| $42.3M | 0.01% |
2,482,829
+170,611
| +7% | +$3.33M |
|
813
Antero Resources
AR
$11.1B
| $42.3M | 0.01% |
2,131,589
+388,138
| +22% | +$7.52M |
|
814
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $42.3M | 0.01% |
658,515
+12,331
| +2% | +$806K |
|
815
Warner Bros
WBD
$65.9B
| $42.2M | 0.01% |
1,972,991
+241,219
| +14% | +$5.74M |
|
|
ZEN
816
DELISTED
ZENDESK INC
ZEN
| $42.1M | 0.01% |
878,764
+29,224
| +3% | +$1.21M |
|
817
Interactive Brokers
IBKR
$39.2B
| $42.1M | 0.01% |
2,502,436
+121,992
| +5% | +$2.02M |
|
818
Crane NXT
CXT
$2.99B
| $42M | 0.01% |
1,305,226
+23,507
| +2% | +$761K |
|
819
Teradata
TDC
$2.92B
| $42M | 0.01% |
1,058,611
+30,183
| +3% | +$1.19M |
|
820
Sonoco
SON
$5.57B
| $42M | 0.01% |
865,777
+25,128
| +3% | +$1.28M |
|
821
Texas Capital Bancshares
TCBI
$4.3B
| $41.7M | 0.01% |
464,228
+24,740
| +6% | +$2.32M |
|
|
TGNA
822
DELISTED
TEGNA Inc
TGNA
| $41.7M | 0.01% |
3,660,930
+105,082
| +3% | +$1.44M |
|
|
TWOU
823
DELISTED
2U Inc
TWOU
| $41.6M | 0.01% |
16,486
+504
| +3% | +$1.17M |
|
824
Idacorp
IDA
$8.27B
| $41.1M | 0.01% |
465,980
+30,213
| +7% | +$2.55M |
|
|
CLR
825
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $41.1M | 0.01% |
697,670
+45,513
| +7% | +$2.46M |
|
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.