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 | |
|---|---|---|---|---|---|---|
1051
Cable One
CABO
$227M
| $27M | 0.01% |
39,228
+450
| +1% | +$315K |
|
|
TXNM
1052
TXNM Energy Inc
TXNM
$6.41B
| $26.9M | 0.01% |
704,234
-2,092
| -0.3% | -$76.6K |
|
|
FNGN
1053
DELISTED
Financial Engines, Inc.
FNGN
| $26.9M | 0.01% |
767,973
-26,151
| -3% | -$820K |
|
1054
BOK Financial
BOKF
$8.58B
| $26.9M | 0.01% |
271,468
+2,059
| +0.8% | +$198K |
|
1055
Trex
TREX
$4.51B
| $26.8M | 0.01% |
986,172
+21,160
| +2% | +$583K |
|
1056
MasTec
MTZ
$21.1B
| $26.8M | 0.01% |
568,970
-6,740
| -1% | -$342K |
|
|
MIC
1057
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $26.7M | 0.01% |
723,766
+68,570
| +10% | +$3.69M |
|
1058
Ingevity
NGVT
$2.51B
| $26.7M | 0.01% |
362,291
-5,407
| -1% | -$405K |
|
1059
Delek US
DK
$4.16B
| $26.7M | 0.01% |
655,582
+31,500
| +5% | +$1.13M |
|
1060
Terex
TEX
$7.18B
| $26.7M | 0.01% |
712,429
-36,078
| -5% | -$1.57M |
|
|
PSB
1061
DELISTED
PS Business Parks, Inc.
PSB
| $26.6M | 0.01% |
235,359
-12,466
| -5% | -$1.44M |
|
1062
DigitalBridge
DBRG
$2.93B
| $26.6M | 0.01% |
1,181,879
+47,590
| +4% | +$1.55M |
|
1063
Blackstone Mortgage Trust
BXMT
$2.45B
| $26.5M | 0.01% |
844,860
+81,406
| +11% | +$2.55M |
|
|
IRDMB
1064
DELISTED
Iridium Communications Inc - 6.75% Series B
IRDMB
| – | – |
0
| – | – |
|
|
WLL
1065
DELISTED
Whiting Petroleum Corporation
WLL
| $26.5M | 0.01% |
10,432
+261
| +3% | +$560K |
|
1066
Zillow
ZG
$7.94B
| $26.4M | 0.01% |
488,391
+22,755
| +5% | +$1.1M |
|
1067
Sprouts Farmers Market
SFM
$8.13B
| $26.3M | 0.01% |
1,122,452
+9,200
| +0.8% | +$236K |
|
|
ELLI
1068
DELISTED
Ellie Mae Inc
ELLI
| $26.3M | 0.01% |
286,276
+5,521
| +2% | +$512K |
|
|
ZNGA
1069
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $26.2M | 0.01% |
7,165,743
+144,077
| +2% | +$532K |
|
|
TRCO
1070
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $26.2M | 0.01% |
646,874
-29,625
| -4% | -$1.25M |
|
|
FOLD
1071
DELISTED
Amicus Therapeutics
FOLD
| $26.2M | 0.01% |
1,741,813
+175,552
| +11% | +$2.67M |
|
|
KS
1072
DELISTED
KapStone Paper and Pack Corp.
KS
| $26.1M | 0.01% |
761,044
+40,111
| +6% | +$1.28M |
|
1073
Zurn Elkay Water Solutions
ZWS
$8.38B
| $26.1M | 0.01% |
1,824,190
+54,880
| +3% | +$752K |
|
|
VRNT
1074
DELISTED
Verint Systems
VRNT
| $26.1M | 0.01% |
1,201,007
+45,220
| +4% | +$931K |
|
|
UNVR
1075
DELISTED
Univar Solutions Inc.
UNVR
| $26.1M | 0.01% |
938,767
+57,229
| +6% | +$1.68M |
|
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.