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 | |
|---|---|---|---|---|---|---|
|
NATI
801
DELISTED
National Instruments Corp
NATI
| $46.2M | 0.01% |
1,100,784
+116,303
| +12% | +$5.16M |
|
802
Silicon Laboratories
SLAB
$7.23B
| $46.1M | 0.01% |
462,870
+76,250
| +20% | +$7.62M |
|
803
Jabil
JBL
$36B
| $46.1M | 0.01% |
1,666,112
+24,892
| +2% | +$699K |
|
804
Paycom
PAYC
$10B
| $46M | 0.01% |
465,911
+17,545
| +4% | +$1.89M |
|
805
Insperity
NSP
$2.02B
| $46M | 0.01% |
483,140
+61,795
| +15% | +$5.31M |
|
806
Trip.com Group
TCOM
$29B
| $45.9M | 0.01% |
969,705
-13,834
| -1% | -$625K |
|
807
Hanover Insurance
THG
$8B
| $45.9M | 0.01% |
383,692
+7,669
| +2% | +$912K |
|
808
Olin
OLN
$2.16B
| $45.8M | 0.01% |
1,595,141
+147,834
| +10% | +$4.6M |
|
809
Cousins Properties
CUZ
$4.93B
| $45.8M | 0.01% |
1,180,977
+99,468
| +9% | +$3.62M |
|
810
Landstar System
LSTR
$6.16B
| $45.7M | 0.01% |
418,782
+48,450
| +13% | +$5.32M |
|
811
Ligand Pharmaceuticals
LGND
$5.77B
| $45.7M | 0.01% |
353,681
+36,404
| +11% | +$4.06M |
|
812
Texas Roadhouse
TXRH
$13.7B
| $45.6M | 0.01% |
696,334
+96,258
| +16% | +$6.04M |
|
813
Trinity Industries
TRN
$2.39B
| $45.6M | 0.01% |
1,846,830
+20,677
| +1% | +$498K |
|
814
AXIS Capital
AXS
$7.59B
| $45.5M | 0.01% |
818,774
+30,273
| +4% | +$1.73M |
|
|
PRAH
815
DELISTED
PRA Health Sciences, Inc.
PRAH
| $45.3M | 0.01% |
485,158
+6,264
| +1% | +$539K |
|
816
Bank of Montreal
BMO
$127B
| $45.3M | 0.01% |
590,150
-15,552
| -3% | -$1.2M |
|
817
RLJ Lodging Trust
RLJ
$1.71B
| $45.3M | 0.01% |
2,052,611
+2,622
| +0.1% | +$56.7K |
|
818
Credit Acceptance
CACC
$5.99B
| $45M | 0.01% |
127,434
+12,511
| +11% | +$4.29M |
|
819
Popular Inc
BPOP
$11.2B
| $45M | 0.01% |
995,973
+12,580
| +1% | +$576K |
|
820
Carter's
CRI
$1.47B
| $45M | 0.01% |
415,080
-3,403
| -0.8% | -$366K |
|
|
IBKC
821
DELISTED
IBERIABANK Corp
IBKC
| $45M | 0.01% |
593,047
+70,704
| +14% | +$5.57M |
|
822
Rayonier
RYN
$6.51B
| $44.9M | 0.01% |
1,279,739
+44,767
| +4% | +$1.53M |
|
823
CoreCivic
CXW
$3.22B
| $44.8M | 0.01% |
1,875,304
+167,753
| +10% | +$3.54M |
|
824
BGC Group
BGC
$4.94B
| $44.8M | 0.01% |
6,153,681
+417,501
| +7% | +$3.34M |
|
825
Under Armour Class C
UA
$2.52B
| $44.7M | 0.01% |
2,123,190
+124,444
| +6% | +$2.21M |
|
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.