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 | |
|---|---|---|---|---|---|---|
|
AXE
1201
DELISTED
Anixter International Inc
AXE
| $21.6M | 0.01% |
285,149
-3,560
| -1% | -$277K |
|
|
AEL
1202
DELISTED
American Equity Investment Life Holding Company
AEL
| $21.6M | 0.01% |
734,174
+16,063
| +2% | +$514K |
|
1203
Twilio
TWLO
$30B
| $21.5M | 0.01% |
564,281
+10,317
| +2% | +$327K |
|
1204
CVB Financial
CVBF
$3.94B
| $21.5M | 0.01% |
950,134
+62,125
| +7% | +$1.46M |
|
1205
Unifirst Corp
UNF
$5.3B
| $21.5M | 0.01% |
132,775
+462
| +0.3% | +$74.2K |
|
1206
Axos Financial
AX
$5.77B
| $21.3M | 0.01% |
526,409
+2,340
| +0.4% | +$85.3K |
|
1207
Canadian Natural Resources
CNQ
$99.4B
| $21.3M | 0.01% |
1,402,143
+1,384,357
| +7,783% | +$22.3M |
|
1208
Match Group
MTCH
$9.19B
| $21.3M | 0.01% |
479,245
+6,218
| +1% | +$240K |
|
1209
Builders FirstSource
BLDR
$7.15B
| $21.3M | 0.01% |
1,073,240
+85,638
| +9% | +$1.81M |
|
1210
AerCap
AER
$23.7B
| $21.3M | 0.01% |
422,374
+49,357
| +13% | +$2.56M |
|
1211
Clean Harbors
CLH
$16.5B
| $21.3M | 0.01% |
435,571
+9,478
| +2% | +$497K |
|
1212
The GEO Group
GEO
$4.13B
| $21.2M | 0.01% |
1,036,569
-23,474
| -2% | -$510K |
|
|
CVG
1213
DELISTED
Convergys
CVG
| $21.2M | 0.01% |
937,860
-30,870
| -3% | -$708K |
|
1214
Old National Bancorp
ONB
$10.2B
| $21.2M | 0.01% |
1,252,881
+2,124
| +0.2% | +$37.4K |
|
1215
Mercury Systems
MRCY
$5.83B
| $21.1M | 0.01% |
437,261
+9,124
| +2% | +$435K |
|
|
MDCO
1216
DELISTED
Medicines Co
MDCO
| $21.1M | 0.01% |
640,566
+7,493
| +1% | +$234K |
|
1217
Sinclair Inc
SBGI
$992M
| $21.1M | 0.01% |
673,557
-67,725
| -9% | -$2.41M |
|
1218
H.B. Fuller
FUL
$2.97B
| $21.1M | 0.01% |
423,606
+5,115
| +1% | +$265K |
|
|
THS
1219
DELISTED
Treehouse Foods
THS
| $21M | 0.01% |
548,799
+13,987
| +3% | +$609K |
|
1220
Plexus
PLXS
$6.72B
| $21M | 0.01% |
351,579
-267
| -0.1% | -$16.4K |
|
|
TPH
1221
DELISTED
Tri Pointe Homes
TPH
| $20.9M | 0.01% |
1,275,115
+25,091
| +2% | +$431K |
|
1222
Northwest Bancshares
NWBI
$2.3B
| $20.9M | 0.01% |
1,263,615
+9,555
| +0.8% | +$161K |
|
|
NVRO
1223
DELISTED
NEVRO CORP.
NVRO
| $20.9M | 0.01% |
241,422
+5,539
| +2% | +$447K |
|
|
UCB
1224
United Community Banks
UCB
$4.24B
| $20.9M | 0.01% |
661,068
+16,869
| +3% | +$528K |
|
1225
Liberty Broadband Class A
LBRDA
$4.89B
| $20.9M | 0.01% |
245,964
-10,959
| -4% | -$981K |
|
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.