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 | |
|---|---|---|---|---|---|---|
801
Autoliv
ALV
$9B
| $53.8M | 0.01% |
732,120
+13,901
| +2% | +$1.08M |
|
|
WPX
802
DELISTED
WPX Energy, Inc.
WPX
| $53.7M | 0.01% |
4,098,166
+153,301
| +4% | +$1.92M |
|
803
Ingevity
NGVT
$2.68B
| $53.6M | 0.01% |
507,120
+64,091
| +14% | +$6.44M |
|
|
CIM
804
Chimera Investment
CIM
$1B
| $53.4M | 0.01% |
942,070
+83,828
| +10% | +$4.71M |
|
805
RLJ Lodging Trust
RLJ
$1.69B
| $53.3M | 0.01% |
3,035,312
+324,390
| +12% | +$5.91M |
|
806
Blackstone Mortgage Trust
BXMT
$2.38B
| $53.3M | 0.01% |
1,532,542
-92,888
| -6% | -$3.15M |
|
807
National Fuel Gas
NFG
$7.65B
| $53.1M | 0.01% |
871,687
-4,110
| -0.5% | -$239K |
|
|
DHC
808
Diversified Healthcare Trust
DHC
$2.14B
| $53.1M | 0.01% |
4,447,272
+130,889
| +3% | +$1.68M |
|
|
PE
809
DELISTED
PARSLEY ENERGY INC
PE
| $53M | 0.01% |
2,748,509
+11,919
| +0.4% | +$219K |
|
810
Lumentum
LITE
$69.3B
| $53M | 0.01% |
937,579
+96,218
| +11% | +$4.62M |
|
|
VRNT
811
DELISTED
Verint Systems
VRNT
| $53M | 0.01% |
1,737,339
+261,300
| +18% | +$6.64M |
|
|
CIT
812
DELISTED
CIT Group Inc.
CIT
| $52.9M | 0.01% |
1,103,444
-141,956
| -11% | -$6.68M |
|
813
First Financial Bankshares
FFIN
$4.97B
| $52.8M | 0.01% |
1,826,308
+180,982
| +11% | +$5.53M |
|
|
PACW
814
DELISTED
PacWest Bancorp
PACW
| $52.7M | 0.01% |
1,400,179
-27,928
| -2% | -$1.08M |
|
815
ITT
ITT
$19.1B
| $52.3M | 0.01% |
901,129
+31,267
| +4% | +$1.71M |
|
816
Dolby
DLB
$5.79B
| $52.1M | 0.01% |
826,845
+150,751
| +22% | +$9.63M |
|
817
Madison Square Garden
MSGS
$9.39B
| $52M | 0.01% |
248,670
+6,592
| +3% | +$1.34M |
|
|
KYNB
818
Kyntra Bio
KYNB
$29.4M
| $52M | 0.01% |
38,260
+3,056
| +9% | +$4.14M |
|
819
Kemper
KMPR
$1.68B
| $52M | 0.01% |
682,309
+1,838
| +0.3% | +$141K |
|
820
Casey's General Stores
CASY
$30.9B
| $51.9M | 0.01% |
403,428
+15,306
| +4% | +$2M |
|
821
Murphy Oil
MUR
$4.78B
| $51.9M | 0.01% |
1,770,312
-210,106
| -11% | -$5.96M |
|
822
Curtiss-Wright
CW
$25.5B
| $51.9M | 0.01% |
457,641
+686
| +0.2% | +$78.1K |
|
823
Landstar System
LSTR
$6.21B
| $51.5M | 0.01% |
470,966
+14,592
| +3% | +$1.54M |
|
824
Teradata
TDC
$2.55B
| $51.4M | 0.01% |
1,177,645
+58,666
| +5% | +$2.63M |
|
825
Performance Food Group
PFGC
$18B
| $51.3M | 0.01% |
1,295,327
+192,209
| +17% | +$7.05M |
|
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.