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 | |
|---|---|---|---|---|---|---|
1276
Rambus
RMBS
$9.87B
| $19.5M | 0.01% |
1,452,869
+362,588
| +33% | +$4.85M |
|
1277
UFP Industries
UFPI
$4.9B
| $19.5M | 0.01% |
600,702
+5,138
| +0.9% | +$182K |
|
|
NAV
1278
DELISTED
Navistar International
NAV
| $19.5M | 0.01% |
557,091
+50,395
| +10% | +$2.03M |
|
|
PTLA
1279
DELISTED
Portola Pharmaceuticals, Inc.
PTLA
| $19.4M | 0.01% |
594,676
-26,237
| -4% | -$1.15M |
|
1280
Designer Brands
DBI
$307M
| $19.4M | 0.01% |
864,597
+21,928
| +3% | +$450K |
|
|
CHSP
1281
DELISTED
Chesapeake Lodging Trust
CHSP
| $19.4M | 0.01% |
697,298
+35,961
| +5% | +$968K |
|
|
RYAM.PRA
1282
DELISTED
Rayonier Advanced Materials Inc. 8.00% Series A Mandatory Convertible Preferred Stock
RYAM.PRA
| – | – |
0
| – | – |
|
1283
Boston Beer
SAM
$1.91B
| $19.4M | 0.01% |
102,405
-2,033
| -2% | -$374K |
|
1284
Exponent
EXPO
$3.24B
| $19.4M | 0.01% |
492,280
+10,130
| +2% | +$383K |
|
1285
Atlantic Union Bankshares
AUB
$6.02B
| $19.3M | 0.01% |
526,025
+29,721
| +6% | +$1.12M |
|
|
AXON
1286
Axon Enterprise
AXON
$42.5B
| $19.3M | 0.01% |
491,105
+17,067
| +4% | +$532K |
|
1287
Walker & Dunlop
WD
$1.71B
| $19.3M | 0.01% |
324,130
+908
| +0.3% | +$45K |
|
|
NXTM
1288
DELISTED
NxStage Medical Inc.
NXTM
| $19.2M | 0.01% |
771,336
+21,092
| +3% | +$513K |
|
|
INVX
1289
Innovex International
INVX
$1.96B
| $19.1M | 0.01% |
427,257
-4,305
| -1% | -$210K |
|
1290
Synaptics
SYNA
$4.19B
| $19.1M | 0.01% |
417,279
-45,944
| -10% | -$2.08M |
|
|
SRCI
1291
DELISTED
SRC Energy Inc
SRCI
| $19.1M | 0.01% |
2,021,312
+79,669
| +4% | +$727K |
|
|
LTXB
1292
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $18.9M | 0.01% |
442,149
+9,316
| +2% | +$408K |
|
|
VG
1293
DELISTED
Vonage Holdings Corporation
VG
| $18.9M | 0.01% |
1,776,551
+30,952
| +2% | +$330K |
|
1294
Silgan Holdings
SLGN
$4.23B
| $18.9M | 0.01% |
677,882
+6,993
| +1% | +$200K |
|
1295
Moelis & Co
MC
$4.97B
| $18.9M | 0.01% |
370,838
+29,184
| +9% | +$1.5M |
|
|
WMGI
1296
DELISTED
Wright Medical Group Inc
WMGI
| $18.8M | 0.01% |
948,883
+5,559
| +0.6% | +$119K |
|
1297
J&J Snack Foods
JJSF
$1.43B
| $18.8M | 0.01% |
137,734
+424
| +0.3% | +$59.6K |
|
|
QTS
1298
DELISTED
QTS REALTY TRUST, INC.
QTS
| $18.8M | 0.01% |
518,677
+10,783
| +2% | +$463K |
|
1299
Nutrien
NTR
$33.2B
| $18.8M | 0.01% |
+402,349
| New | +$20.2M |
|
1300
Cheesecake Factory
CAKE
$5.04B
| $18.8M | 0.01% |
389,011
+7,611
| +2% | +$366K |
|
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.