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 | |
|---|---|---|---|---|---|---|
1376
Varonis Systems
VRNS
$5B
| $21.2M | 0.01% |
1,065,852
+73,779
| +7% | +$1.4M |
|
|
LTXB
1377
DELISTED
LegacyTexas Financial Group Inc
LTXB
| $21.1M | 0.01% |
565,106
+31,353
| +6% | +$1.22M |
|
1378
Red Rock Resorts
RRR
$3.62B
| $21.1M | 0.01% |
817,271
+58,730
| +8% | +$1.52M |
|
1379
Kaiser Aluminum
KALU
$3.02B
| $21.1M | 0.01% |
201,372
+14,846
| +8% | +$1.51M |
|
|
SFBS
1380
ServisFirst Bancshares
SFBS
$4.86B
| $21.1M | 0.01% |
623,971
+52,426
| +9% | +$1.79M |
|
|
PRA
1381
DELISTED
ProAssurance
PRA
| $21.1M | 0.01% |
608,502
+22,560
| +4% | +$913K |
|
1382
Towne Bank
TOWN
$3.42B
| $21M | 0.01% |
850,040
+59,540
| +8% | +$1.56M |
|
|
MGLN
1383
DELISTED
Magellan Health Services, Inc.
MGLN
| $21M | 0.01% |
318,728
+22,826
| +8% | +$1.46M |
|
1384
iRhythm Holdings
IRTC
$4.2B
| $21M | 0.01% |
280,258
+25,848
| +10% | +$2.21M |
|
1385
Renasant Corp
RNST
$3.91B
| $21M | 0.01% |
620,190
+45,546
| +8% | +$1.62M |
|
1386
AutoNation
AN
$6.92B
| $20.9M | 0.01% |
586,448
-102,400
| -15% | -$3.71M |
|
1387
Cannae Holdings
CNNE
$649M
| $20.9M | 0.01% |
861,037
+87,980
| +11% | +$1.85M |
|
1388
Pacira BioSciences
PCRX
$997M
| $20.9M | 0.01% |
548,824
+32,050
| +6% | +$1.25M |
|
|
WDR
1389
DELISTED
Waddell & Reed Financial, Inc.
WDR
| $20.9M | 0.01% |
1,207,991
+22,799
| +2% | +$402K |
|
1390
Allegiant Air
ALGT
$2.57B
| $20.9M | 0.01% |
161,141
+14,637
| +10% | +$1.86M |
|
1391
LivePerson
LPSN
$32.3M
| $20.8M | 0.01% |
47,860
+3,025
| +7% | +$1.13M |
|
1392
Medpace
MEDP
$16.5B
| $20.8M | 0.01% |
352,617
+31,679
| +10% | +$1.89M |
|
1393
Lattice Semiconductor
LSCC
$18.5B
| $20.8M | 0.01% |
1,740,072
+165,241
| +10% | +$1.65M |
|
1394
Brinker International
EAT
$9.66B
| $20.7M | 0.01% |
466,685
-245
| -0.1% | -$11K |
|
|
ACIA
1395
DELISTED
Acacia Communications Inc
ACIA
| $20.6M | 0.01% |
360,079
+34,033
| +10% | +$1.63M |
|
1396
Westamerica Bancorp
WABC
$1.37B
| $20.6M | 0.01% |
334,106
+23,269
| +7% | +$1.44M |
|
1397
iShares MSCI India ETF
INDA
$6.63B
| – | – |
0
| – | – |
|
1398
Houlihan Lokey
HLI
$9.02B
| $20.6M | 0.01% |
448,758
+32,078
| +8% | +$1.42M |
|
|
GWB
1399
DELISTED
Great Western Bancorp, Inc.
GWB
| $20.6M | 0.01% |
651,115
+28,941
| +5% | +$1M |
|
|
WBT
1400
DELISTED
Welbilt, Inc.
WBT
| $20.5M | 0.01% |
1,253,752
+57,376
| +5% | +$837K |
|
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.