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 | |
|---|---|---|---|---|---|---|
1001
Energizer
ENR
$1.44B
| $29.3M | 0.01% |
492,455
+3,797
| +0.8% | +$205K |
|
|
PDCE
1002
DELISTED
PDC Energy, Inc.
PDCE
| $29.3M | 0.01% |
597,904
+19,075
| +3% | +$1M |
|
1003
Insperity
NSP
$1.93B
| $29.3M | 0.01% |
421,345
-23,781
| -5% | -$1.52M |
|
1004
Penumbra
PEN
$12.7B
| $29.3M | 0.01% |
253,320
+5,114
| +2% | +$528K |
|
1005
Wendy's
WEN
$1.4B
| $29.1M | 0.01% |
1,659,103
+17,505
| +1% | +$290K |
|
1006
Avista
AVA
$3.34B
| $29.1M | 0.01% |
567,992
-20,896
| -4% | -$1.05M |
|
1007
New Jersey Resources
NJR
$5.84B
| $29M | 0.01% |
723,300
+19,209
| +3% | +$748K |
|
1008
EastGroup Properties
EGP
$11.2B
| $29M | 0.01% |
350,808
+16,699
| +5% | +$1.39M |
|
1009
Vishay Intertechnology
VSH
$5.25B
| $29M | 0.01% |
1,557,157
+36,607
| +2% | +$733K |
|
1010
Moog Inc Class A
MOG.A
$12.4B
| $28.9M | 0.01% |
351,228
-6,344
| -2% | -$548K |
|
1011
Sensient Technologies
SXT
$5.26B
| $28.9M | 0.01% |
409,678
+3,861
| +1% | +$278K |
|
|
GPT
1012
DELISTED
Gramercy Property Trust
GPT
| $28.9M | 0.01% |
1,330,012
+14,037
| +1% | +$333K |
|
1013
Valmont Industries
VMI
$9.3B
| $28.9M | 0.01% |
197,355
+4,080
| +2% | +$638K |
|
1014
LendingTree
TREE
$447M
| $28.9M | 0.01% |
87,966
+21,784
| +33% | +$7.84M |
|
1015
Healthcare Services Group
HCSG
$1.6B
| $28.8M | 0.01% |
662,100
+17,591
| +3% | +$861K |
|
1016
Cirrus Logic
CRUS
$6.53B
| $28.8M | 0.01% |
708,438
-82,682
| -10% | -$3.84M |
|
1017
Under Armour Class C
UA
$2.77B
| $28.6M | 0.01% |
1,998,746
+98,919
| +5% | +$1.39M |
|
1018
Kennametal
KMT
$2.59B
| $28.6M | 0.01% |
711,617
+45,235
| +7% | +$2.07M |
|
|
RP
1019
DELISTED
RealPage, Inc.
RP
| $28.5M | 0.01% |
553,410
+13,667
| +3% | +$683K |
|
1020
Urban Outfitters
URBN
$6.35B
| $28.4M | 0.01% |
769,411
+5,288
| +0.7% | +$185K |
|
1021
SouthState Bank Corp
SSB
$10.2B
| $28.4M | 0.01% |
333,226
+17,605
| +6% | +$1.56M |
|
1022
HealthEquity
HQY
$8.41B
| $28.4M | 0.01% |
469,485
+9,644
| +2% | +$522K |
|
|
BDN
1023
Brandywine Realty Trust
BDN
$524M
| $28.4M | 0.01% |
1,789,380
+33,627
| +2% | +$560K |
|
1024
First Financial Bankshares
FFIN
$5.04B
| $28.4M | 0.01% |
1,226,596
+44,926
| +4% | +$1.05M |
|
|
COR
1025
DELISTED
Coresite Realty Corporation
COR
| $28.3M | 0.01% |
282,461
+12,141
| +4% | +$1.24M |
|
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.