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 | |
|---|---|---|---|---|---|---|
|
ESL
1351
DELISTED
Esterline Technologies
ESL
| $17.5M | 0.01% |
239,044
-7,910
| -3% | -$589K |
|
1352
WesBanco
WSBC
$3.97B
| $17.3M | 0.01% |
410,158
+14,848
| +4% | +$626K |
|
1353
Element Solutions
ESI
$8.95B
| $17.3M | 0.01% |
1,797,187
+19,088
| +1% | +$204K |
|
|
AJRD
1354
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $17.3M | 0.01% |
617,821
+12,167
| +2% | +$343K |
|
1355
Towne Bank
TOWN
$3.46B
| $17.2M | 0.01% |
602,930
+69,102
| +13% | +$2.08M |
|
1356
Stepan Co
SCL
$1.46B
| $17.2M | 0.01% |
206,950
+25,775
| +14% | +$2.04M |
|
1357
Sanmina
SANM
$9.95B
| $17.2M | 0.01% |
658,271
-25,835
| -4% | -$739K |
|
1358
Carpenter Technology
CRS
$25.8B
| $17.2M | 0.01% |
390,134
+7,520
| +2% | +$379K |
|
|
SC
1359
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $17.2M | 0.01% |
1,055,601
+26,661
| +3% | +$461K |
|
1360
Banner Corp
BANR
$2.39B
| $17.2M | 0.01% |
310,065
+5,803
| +2% | +$324K |
|
1361
Qiagen
QGEN
$8.54B
| $17.2M | 0.01% |
502,092
-129,340
| -20% | -$4.54M |
|
1362
Azenta
AZTA
$1.3B
| $17.2M | 0.01% |
635,063
-263,234
| -29% | -$7.16M |
|
1363
Cars.com
CARS
$662M
| $17.2M | 0.01% |
606,473
+26,319
| +5% | +$770K |
|
|
LPNT
1364
DELISTED
LifePoint Health, Inc.
LPNT
| $17.2M | 0.01% |
365,481
+19,005
| +5% | +$914K |
|
|
BIG
1365
DELISTED
Big Lots, Inc.
BIG
| $17.1M | 0.01% |
392,067
-56,372
| -13% | -$3.09M |
|
1366
WD-40
WDFC
$3.05B
| $17M | 0.01% |
129,438
-913
| -0.7% | -$115K |
|
1367
Compass Minerals
CMP
$1.23B
| $17M | 0.01% |
282,323
+4,272
| +2% | +$287K |
|
1368
American States Water
AWR
$3.36B
| $16.9M | 0.01% |
319,219
+339
| +0.1% | +$18.3K |
|
1369
Caesars Entertainment
CZR
$6.06B
| $16.9M | 0.01% |
511,599
+17,485
| +4% | +$586K |
|
|
BID
1370
DELISTED
Sotheby's
BID
| $16.9M | 0.01% |
328,745
+1,639
| +0.5% | +$83.5K |
|
|
HF
1371
DELISTED
HFF Inc.
HF
| $16.8M | 0.01% |
338,773
+33,395
| +11% | +$1.6M |
|
|
GTLS
1372
DELISTED
Chart Industries
GTLS
| $16.8M | 0.01% |
285,004
+6,077
| +2% | +$327K |
|
|
COTV
1373
DELISTED
Cotiviti Holdings, Inc.
COTV
| $16.8M | 0.01% |
487,946
-13,259
| -3% | -$454K |
|
1374
Ubiquiti
UI
$33.7B
| $16.8M | 0.01% |
244,022
+1,351
| +0.6% | +$96.5K |
|
1375
Cogent Communications
CCOI
$676M
| $16.7M | 0.01% |
385,720
+8,293
| +2% | +$364K |
|
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.