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 | |
|---|---|---|---|---|---|---|
|
GCP
1276
DELISTED
GCP Applied Technologies Inc.
GCP
| $24.5M | 0.01% |
828,455
+73,821
| +10% | +$1.98M |
|
1277
First Merchants
FRME
$2.67B
| $24.5M | 0.01% |
664,975
+94,019
| +16% | +$3.6M |
|
1278
National Vision
EYE
$1.81B
| $24.5M | 0.01% |
778,504
+63,595
| +9% | +$2M |
|
1279
Spectrum Brands
SPB
$2.07B
| $24.4M | 0.01% |
446,011
+19,276
| +5% | +$1.03M |
|
1280
La-Z-Boy
LZB
$1.69B
| $24.4M | 0.01% |
740,281
+43,798
| +6% | +$1.38M |
|
|
SAIL
1281
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $24.3M | 0.01% |
846,192
+147,865
| +21% | +$4.21M |
|
1282
Sanmina
SANM
$10.9B
| $24.3M | 0.01% |
841,809
+71,548
| +9% | +$2.11M |
|
1283
Medifast
MED
$141M
| $24.2M | 0.01% |
189,413
+22,895
| +14% | +$2.9M |
|
|
LM
1284
DELISTED
Legg Mason, Inc.
LM
| $24.2M | 0.01% |
882,498
+37,686
| +4% | +$1.08M |
|
1285
Range Resources
RRC
$8.95B
| $24.1M | 0.01% |
2,148,442
+147,307
| +7% | +$1.6M |
|
|
ADSW
1286
DELISTED
Advanced Disposal Services Inc
ADSW
| $24.1M | 0.01% |
860,973
+95,548
| +12% | +$2.49M |
|
|
NSA
1287
DELISTED
National Storage Affiliates Trust
NSA
| $24.1M | 0.01% |
845,233
+71,424
| +9% | +$1.98M |
|
1288
Lithia Motors
LAD
$8.26B
| $24M | 0.01% |
259,166
+23,453
| +10% | +$2.04M |
|
1289
Fabrinet
FN
$20.1B
| $24M | 0.01% |
458,901
+33,531
| +8% | +$1.83M |
|
|
UCB
1290
United Community Banks
UCB
$4.28B
| $24M | 0.01% |
961,623
+60,534
| +7% | +$1.57M |
|
1291
EPR Properties 5.75% Series C Preferred Shares
EPR.PRC
$148M
| – | – |
0
| – | – |
|
1292
LXP Industrial Trust
LXP
$3.57B
| $23.9M | 0.01% |
527,851
+77,997
| +17% | +$3.56M |
|
|
CVA
1293
DELISTED
Covanta Holding Corporation
CVA
| $23.9M | 0.01% |
1,380,981
+137,589
| +11% | +$2.25M |
|
1294
Moelis & Co
MC
$4.94B
| $23.9M | 0.01% |
574,005
+35,581
| +7% | +$1.52M |
|
|
ARI
1295
Apollo Commercial Real Estate
ARI
$885M
| $23.9M | 0.01% |
1,311,139
+86,437
| +7% | +$1.56M |
|
|
EPAY
1296
DELISTED
Bottomline Technologies Inc
EPAY
| $23.8M | 0.01% |
474,500
+39,562
| +9% | +$1.91M |
|
1297
Element Solutions
ESI
$9.23B
| $23.8M | 0.01% |
2,352,599
+175,659
| +8% | +$1.95M |
|
1298
Aaon
AAON
$7.77B
| $23.7M | 0.01% |
771,137
+57,099
| +8% | +$1.5M |
|
|
DOCU
1299
DocuSign
DOCU
$11.5B
| $23.7M | 0.01% |
457,647
+34,230
| +8% | +$1.75M |
|
1300
Albany International
AIN
$1.78B
| $23.6M | 0.01% |
329,799
+29,395
| +10% | +$2.09M |
|
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.