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 | |
|---|---|---|---|---|---|---|
|
NEWR
826
DELISTED
New Relic, Inc.
NEWR
| $51.3M | 0.01% |
519,738
+49,556
| +11% | +$4.91M |
|
827
New Jersey Resources
NJR
$5.58B
| $51.2M | 0.01% |
1,028,848
+82,360
| +9% | +$3.92M |
|
828
Watsco Inc
WSO
$13.6B
| $50.9M | 0.01% |
355,672
+27,378
| +8% | +$3.93M |
|
829
Aecom
ACM
$9.75B
| $50.9M | 0.01% |
1,716,274
+85,184
| +5% | +$2.55M |
|
830
Teva Pharmaceuticals
TEVA
$41.2B
| $50.9M | 0.01% |
3,252,265
+125,681
| +4% | +$2.22M |
|
831
Rexford Industrial Realty
REXR
$8.19B
| $50.8M | 0.01% |
1,418,277
+131,050
| +10% | +$4.41M |
|
832
Williams-Sonoma
WSM
$29.6B
| $50.7M | 0.01% |
1,802,620
+105,762
| +6% | +$2.92M |
|
|
SRCL
833
DELISTED
Stericycle Inc
SRCL
| $50.7M | 0.01% |
931,472
+57,994
| +7% | +$2.63M |
|
|
GWR
834
DELISTED
Genesee & Wyoming Inc.
GWR
| $50.7M | 0.01% |
581,538
+13,058
| +2% | +$1.06M |
|
|
GRA
835
DELISTED
W.R. Grace & Co.
GRA
| $50.7M | 0.01% |
649,212
+25,411
| +4% | +$1.87M |
|
836
Liberty Global Class A
LBTYA
$3.6B
| $50.6M | 0.01% |
2,031,142
-5,766
| -0.3% | -$141K |
|
837
Southwest Gas
SWX
$6.67B
| $50.5M | 0.01% |
614,065
+22,268
| +4% | +$1.78M |
|
838
Littelfuse
LFUS
$11.6B
| $50.5M | 0.01% |
276,616
+18,332
| +7% | +$3.38M |
|
839
Assured Guaranty
AGO
$3.34B
| $50.4M | 0.01% |
1,133,851
+26,669
| +2% | +$1.11M |
|
840
Lazard
LAZ
$4.31B
| $49.9M | 0.01% |
1,376,575
-30,478
| -2% | -$1.15M |
|
841
Sabra Healthcare REIT
SBRA
$5.37B
| $49.8M | 0.01% |
2,517,048
+382,893
| +18% | +$7.26M |
|
842
Selective Insurance
SIGI
$5.73B
| $49.7M | 0.01% |
784,661
+96,449
| +14% | +$6.07M |
|
843
BWX Technologies
BWXT
$15.6B
| $49.5M | 0.01% |
999,396
+86,365
| +9% | +$4.08M |
|
844
Ashland
ASH
$3.5B
| $49.5M | 0.01% |
634,161
+19,655
| +3% | +$1.51M |
|
845
HealthEquity
HQY
$8.75B
| $49.5M | 0.01% |
669,454
+42,095
| +7% | +$2.96M |
|
846
Trip.com Group
TCOM
$29.1B
| $49.5M | 0.01% |
1,138,462
+81,212
| +8% | +$2.85M |
|
847
Saic
SAIC
$5.35B
| $49.3M | 0.01% |
641,249
+92,516
| +17% | +$6.51M |
|
848
Hancock Whitney
HWC
$6.24B
| $49.3M | 0.01% |
1,221,025
+94,969
| +8% | +$3.89M |
|
849
Spire
SR
$4.85B
| $49.2M | 0.01% |
598,058
+73,303
| +14% | +$5.72M |
|
|
WWE
850
DELISTED
World Wrestling Entertainment
WWE
| $49.1M | 0.01% |
565,970
+61,846
| +12% | +$5.2M |
|
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.