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 | |
|---|---|---|---|---|---|---|
826
Monolithic Power Systems
MPWR
$70.1B
| $41M | 0.01% |
354,336
+4,956
| +1% | +$587K |
|
827
Popular Inc
BPOP
$11.2B
| $40.9M | 0.01% |
983,393
+59,857
| +6% | +$2.45M |
|
|
NUAN
828
DELISTED
Nuance Communications, Inc.
NUAN
| $40.8M | 0.01% |
2,993,866
+197,845
| +7% | +$2.89M |
|
|
COHR
829
DELISTED
Coherent Inc
COHR
| $40.8M | 0.01% |
217,693
+5,971
| +3% | +$1.44M |
|
|
LSI
830
DELISTED
Life Storage, Inc.
LSI
| $40.8M | 0.01% |
732,275
+24,042
| +3% | +$1.31M |
|
|
IBKC
831
DELISTED
IBERIABANK Corp
IBKC
| $40.7M | 0.01% |
522,343
+5,845
| +1% | +$479K |
|
832
Landstar System
LSTR
$5.93B
| $40.6M | 0.01% |
370,332
+10,903
| +3% | +$1.2M |
|
833
Eagle Materials
EXP
$6.29B
| $40.5M | 0.01% |
392,961
+4,668
| +1% | +$503K |
|
834
Genpact
G
$5.96B
| $40.5M | 0.01% |
1,265,714
+52,420
| +4% | +$1.7M |
|
|
SIX
835
DELISTED
Six Flags Entertainment Corp.
SIX
| $40.2M | 0.01% |
645,573
+38,761
| +6% | +$2.53M |
|
836
RLJ Lodging Trust
RLJ
$1.86B
| $39.9M | 0.01% |
2,049,989
-95,055
| -4% | -$2.02M |
|
|
BECN
837
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $39.8M | 0.01% |
750,834
+98,192
| +15% | +$5.65M |
|
838
Canadian National Railway
CNI
$76.9B
| $39.8M | 0.01% |
550,628
+542,706
| +6,851% | +$41.9M |
|
839
Canadian Imperial Bank of Commerce
CM
$108B
| $39.8M | 0.01% |
908,262
+897,000
| +7,965% | +$42.1M |
|
840
Deluxe
DLX
$1.18B
| $39.7M | 0.01% |
537,062
+41,029
| +8% | +$3.04M |
|
|
PRAH
841
DELISTED
PRA Health Sciences, Inc.
PRAH
| $39.7M | 0.01% |
478,894
+4,830
| +1% | +$429K |
|
|
DNB
842
DELISTED
Dun & Bradstreet
DNB
| $39.7M | 0.01% |
339,457
+30,650
| +10% | +$3.73M |
|
|
EQC
843
DELISTED
Equity Commonwealth
EQC
| $39.5M | 0.01% |
1,289,162
+68,581
| +6% | +$2.04M |
|
844
Range Resources
RRC
$9.38B
| $39.5M | 0.01% |
2,721,477
+193,172
| +8% | +$2.89M |
|
845
Rayonier
RYN
$6.55B
| $39.4M | 0.01% |
1,234,972
+20,125
| +2% | +$612K |
|
846
Bruker
BRKR
$9.57B
| $39.2M | 0.01% |
1,308,849
+14,718
| +1% | +$478K |
|
|
ALE
847
DELISTED
Allete
ALE
| $39.1M | 0.01% |
541,745
+24,745
| +5% | +$1.75M |
|
848
Graphic Packaging
GPK
$3.17B
| $39.1M | 0.01% |
2,548,472
+84,478
| +3% | +$1.32M |
|
849
Amdocs
DOX
$5.92B
| $39.1M | 0.01% |
585,811
+38,780
| +7% | +$2.61M |
|
850
Valvoline
VVV
$4.9B
| $39M | 0.01% |
1,763,316
+50,268
| +3% | +$1.2M |
|
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.