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 | |
|---|---|---|---|---|---|---|
|
UNIT
1301
Uniti Group
UNIT
$2.32B
| $23.5M | 0.01% |
2,104,451
+176,645
| +9% | +$2.59M |
|
|
AVNS
1302
DELISTED
Avanos Medical
AVNS
| $23.5M | 0.01% |
550,593
+40,841
| +8% | +$1.83M |
|
|
AIMC
1303
DELISTED
Altra Industrial Motion Corp
AIMC
| $23.5M | 0.01% |
756,276
+81,849
| +12% | +$2.48M |
|
1304
Comfort Systems
FIX
$59.6B
| $23.5M | 0.01% |
448,207
+37,804
| +9% | +$1.89M |
|
1305
Dave & Buster's
PLAY
$357M
| $23.5M | 0.01% |
470,554
+26,536
| +6% | +$1.3M |
|
1306
AerCap
AER
$23.8B
| $23.4M | 0.01% |
505,347
+5,119
| +1% | +$231K |
|
1307
Commercial Metals
CMC
$8.31B
| $23.4M | 0.01% |
1,368,947
+138,424
| +11% | +$2.29M |
|
1308
Four Corners Property Trust
FCPT
$2.75B
| $23.4M | 0.01% |
789,609
+77,188
| +11% | +$2.14M |
|
|
MDCO
1309
DELISTED
Medicines Co
MDCO
| $23.3M | 0.01% |
835,393
+45,229
| +6% | +$1.07M |
|
1310
Regenxbio
RGNX
$708M
| $23.3M | 0.01% |
407,374
+28,586
| +8% | +$1.42M |
|
1311
Capitol Federal Financial
CFFN
$1.1B
| $23.3M | 0.01% |
1,748,376
+126,981
| +8% | +$1.68M |
|
1312
UFP Industries
UFPI
$5.19B
| $23.3M | 0.01% |
778,660
+45,719
| +6% | +$1.37M |
|
1313
Hain Celestial
HAIN
$53.7M
| $23.2M | 0.01% |
1,005,213
+52,488
| +6% | +$1.01M |
|
1314
Floor & Decor
FND
$6.68B
| $23.2M | 0.01% |
562,824
+53,282
| +10% | +$1.87M |
|
|
DCH
1315
Dauch Corp
DCH
$1.51B
| $23.2M | 0.01% |
1,619,683
+15,066
| +0.9% | +$218K |
|
1316
Advanced Energy
AEIS
$13B
| $23.2M | 0.01% |
466,237
+31,308
| +7% | +$1.52M |
|
1317
SPS Commerce
SPSC
$2.64B
| $23.1M | 0.01% |
436,520
+36,918
| +9% | +$1.81M |
|
|
MNK
1318
DELISTED
MALLINCKRODT PUBLIC LIMITED COMPANY
MNK
| $23.1M | 0.01% |
1,064,638
+109,333
| +11% | +$2.33M |
|
|
CSGS
1319
DELISTED
CSG Systems International
CSGS
| $23.1M | 0.01% |
546,285
+11,859
| +2% | +$458K |
|
|
TIER
1320
DELISTED
TIER REIT, Inc.
TIER
| $23.1M | 0.01% |
805,633
+86,244
| +12% | +$2.05M |
|
1321
Matador Resources
MTDR
$6.09B
| $23.1M | 0.01% |
1,194,419
+95,662
| +9% | +$1.78M |
|
1322
Liberty Broadband Class A
LBRDA
$5.16B
| $23.1M | 0.01% |
251,856
-54,901
| -18% | -$4.66M |
|
1323
Granite Construction
GVA
$5.62B
| $23M | 0.01% |
533,140
+47,729
| +10% | +$2.13M |
|
1324
Core Laboratories
CLB
$521M
| $23M | 0.01% |
333,354
+875
| +0.3% | +$58.7K |
|
|
ZIONW
1325
DELISTED
Zions Bancorporation N.A. Warrants
ZIONW
| $23M | 0.01% |
1,768,274
-158,826
| -8% | -$2.46M |
|
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.