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 | |
|---|---|---|---|---|---|---|
1526
Cal-Maine
CALM
$3.99B
| $17.1M | ﹤0.01% |
382,319
+34,687
| +10% | +$1.51M |
|
1527
HUB Group
HUBG
$2.92B
| $17.1M | ﹤0.01% |
835,386
+83,492
| +11% | +$1.78M |
|
1528
Penske Automotive Group
PAG
$14.2B
| $17.1M | ﹤0.01% |
381,889
+8,025
| +2% | +$356K |
|
1529
Tronox
TROX
$1.04B
| $17M | ﹤0.01% |
1,294,387
+26,388
| +2% | +$279K |
|
1530
TriMas Corp
TRS
$1.44B
| $17M | ﹤0.01% |
562,467
+37,751
| +7% | +$1.12M |
|
1531
Enerpac Tool Group
EPAC
$1.93B
| $17M | ﹤0.01% |
696,545
+54,557
| +8% | +$1.28M |
|
|
WAGE
1532
DELISTED
WageWorks, Inc.
WAGE
| $17M | ﹤0.01% |
449,503
+33,931
| +8% | +$1.11M |
|
1533
Atkore
ATKR
$3.16B
| $16.9M | ﹤0.01% |
787,350
+73,480
| +10% | +$1.64M |
|
1534
US Physical Therapy
USPH
$1.22B
| $16.9M | ﹤0.01% |
161,205
+14,538
| +10% | +$1.56M |
|
|
GPOR
1535
DELISTED
Gulfport Energy Corp.
GPOR
| $16.9M | ﹤0.01% |
2,103,796
+115,944
| +6% | +$924K |
|
1536
Kinsale Capital Group
KNSL
$8.51B
| $16.8M | ﹤0.01% |
245,606
+21,737
| +10% | +$1.36M |
|
|
PRO
1537
DELISTED
PROS Holdings
PRO
| $16.8M | ﹤0.01% |
398,699
+41,291
| +12% | +$1.57M |
|
1538
Universal Corp
UVV
$1.27B
| $16.8M | ﹤0.01% |
292,171
+27,754
| +10% | +$1.59M |
|
1539
Archrock
AROC
$5.8B
| $16.8M | ﹤0.01% |
1,720,807
+301,501
| +21% | +$2.89M |
|
|
CATM
1540
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
| $16.8M | ﹤0.01% |
472,178
+38,118
| +9% | +$1.14M |
|
|
SFLY
1541
DELISTED
Shutterfly, Inc.
SFLY
| $16.8M | ﹤0.01% |
413,161
-45,325
| -10% | -$1.99M |
|
1542
McGrath RentCorp
MGRC
$2.92B
| $16.8M | ﹤0.01% |
296,467
+18,949
| +7% | +$1.01M |
|
1543
Horace Mann Educators
HMN
$2.11B
| $16.8M | ﹤0.01% |
475,758
+39,336
| +9% | +$1.52M |
|
|
ATSG
1544
DELISTED
Air Transport Services Group
ATSG
| $16.7M | ﹤0.01% |
726,074
+63,568
| +10% | +$1.46M |
|
|
BNFT
1545
DELISTED
Benefitfocus, Inc.
BNFT
| $16.7M | ﹤0.01% |
337,922
+52,172
| +18% | +$2.67M |
|
|
CSII
1546
DELISTED
Cardiovascular Systems, Inc.
CSII
| $16.7M | ﹤0.01% |
432,035
+41,905
| +11% | +$1.42M |
|
1547
Guardant Health
GH
$22.6B
| $16.7M | ﹤0.01% |
217,630
-2,599
| -1% | -$144K |
|
1548
Fortis
FTS
$28.7B
| $16.7M | ﹤0.01% |
452,220
-122,609
| -21% | -$4.35M |
|
1549
Newmark Group
NMRK
$2.63B
| $16.5M | ﹤0.01% |
1,980,976
+32,414
| +2% | +$308K |
|
1550
Safety Insurance
SAFT
$1.52B
| $16.5M | ﹤0.01% |
189,481
+18,134
| +11% | +$1.55M |
|
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.