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 | |
|---|---|---|---|---|---|---|
1426
Telus
TU
$14.9B
| $15.6M | 0.01% |
893,884
-8,360
| -0.9% | -$153K |
|
|
VRE
1427
DELISTED
Veris Residential
VRE
| $15.6M | 0.01% |
935,585
+35,319
| +4% | +$667K |
|
1428
NBT Bancorp
NBTB
$2.74B
| $15.6M | 0.01% |
440,304
+12,151
| +3% | +$445K |
|
|
WAGE
1429
DELISTED
WageWorks, Inc.
WAGE
| $15.6M | 0.01% |
344,983
+3,784
| +1% | +$207K |
|
1430
Franklin Electric
FELE
$4.63B
| $15.6M | 0.01% |
382,206
+9,515
| +3% | +$409K |
|
1431
AnaptysBio
ANAB
$1.58B
| $15.5M | 0.01% |
149,285
+3,695
| +3% | +$416K |
|
1432
Albany International
AIN
$2.11B
| $15.5M | 0.01% |
247,719
+11,953
| +5% | +$763K |
|
1433
Sun Life Financial
SLF
$46B
| $15.5M | 0.01% |
382,884
+376,849
| +6,244% | +$15.9M |
|
1434
RH
RH
$3.13B
| $15.5M | 0.01% |
162,800
+2,209
| +1% | +$196K |
|
|
CHS
1435
DELISTED
Chicos FAS, Inc.
CHS
| $15.5M | 0.01% |
1,711,140
-108,017
| -6% | -$1M |
|
|
SCS
1436
DELISTED
Steelcase
SCS
| $15.5M | 0.01% |
1,136,542
+4,126
| +0.4% | +$60.5K |
|
|
WPG
1437
DELISTED
Washington Prime Group Inc.
WPG
| $15.4M | 0.01% |
257,258
-21,111
| -8% | -$1.23M |
|
|
AKRX
1438
DELISTED
Akorn Inc
AKRX
| $15.4M | 0.01% |
824,558
+14,522
| +2% | +$394K |
|
|
CLDR
1439
DELISTED
Cloudera, Inc.
CLDR
| $15.4M | 0.01% |
713,955
+19,526
| +3% | +$366K |
|
1440
Dave & Buster's
PLAY
$377M
| $15.4M | 0.01% |
368,758
+11,537
| +3% | +$532K |
|
|
AAT
1441
American Assets Trust
AAT
$1.45B
| $15.4M | 0.01% |
459,637
+31,022
| +7% | +$1.05M |
|
1442
Piper Sandler
PIPR
$5.12B
| $15.3M | 0.01% |
739,264
+2,844
| +0.4% | +$62.9K |
|
|
LTC
1443
LTC Properties
LTC
$2.06B
| $15.3M | 0.01% |
403,151
+13,193
| +3% | +$519K |
|
1444
California Water Service
CWT
$3.1B
| $15.3M | 0.01% |
411,030
+8,168
| +2% | +$326K |
|
|
IMMU
1445
DELISTED
Immunomedics Inc
IMMU
| $15.3M | 0.01% |
1,045,767
+49,434
| +5% | +$808K |
|
|
PNK
1446
DELISTED
Pinnacle Entertainment Inc.
PNK
| $15.3M | 0.01% |
506,702
+7,807
| +2% | +$244K |
|
1447
National Beverage
FIZZ
$2.96B
| $15.2M | 0.01% |
342,412
-33,558
| -9% | -$1.65M |
|
|
INFN
1448
DELISTED
Infinera Corporation Common Stock
INFN
| $15.2M | 0.01% |
1,401,423
+87,807
| +7% | +$778K |
|
1449
Invesco Mortgage Capital
IVR
$759M
| $15.2M | 0.01% |
92,799
+2,154
| +2% | +$355K |
|
1450
Magna International
MGA
$18.7B
| $15.1M | ﹤0.01% |
271,039
+266,132
| +5,424% | +$14.9M |
|
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.