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 | |
|---|---|---|---|---|---|---|
|
CALY
1551
Callaway Golf Company
CALY
$3.14B
| $16.4M | ﹤0.01% |
1,029,982
+86,690
| +9% | +$1.43M |
|
1552
Dycom Industries
DY
$12.3B
| $16.4M | ﹤0.01% |
357,051
+23,021
| +7% | +$1.26M |
|
1553
CGI
GIB
$15.5B
| $16.3M | ﹤0.01% |
239,618
-37,785
| -14% | -$2.5M |
|
1554
AAR Corp
AIR
$5.76B
| $16.3M | ﹤0.01% |
501,408
+47,106
| +10% | +$1.7M |
|
|
MDC
1555
DELISTED
M.D.C. Holdings, Inc.
MDC
| $16.3M | ﹤0.01% |
604,514
+35,483
| +6% | +$939K |
|
1556
Papa John's
PZZA
$806M
| $16.2M | ﹤0.01% |
306,724
+19,965
| +7% | +$882K |
|
|
CVGW
1557
DELISTED
Calavo Growers
CVGW
| $16.2M | ﹤0.01% |
193,121
+12,621
| +7% | +$1.02M |
|
1558
City Holding Co
CHCO
$2.04B
| $16.2M | ﹤0.01% |
212,153
+16,557
| +8% | +$1.23M |
|
|
DOOR
1559
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $16.2M | ﹤0.01% |
323,815
+23,440
| +8% | +$1.25M |
|
|
WIRE
1560
DELISTED
Encore Wire Corp
WIRE
| $16.1M | ﹤0.01% |
281,943
+43,138
| +18% | +$2.39M |
|
|
OPI
1561
DELISTED
Office Properties Income Trust
OPI
| $16.1M | ﹤0.01% |
+583,276
| New | +$17.7M |
|
1562
BGC Group
BGC
$4.89B
| $16.1M | ﹤0.01% |
3,034,971
+222,736
| +8% | +$1.33M |
|
|
DEA
1563
Easterly Government Properties
DEA
$1.18B
| $16M | ﹤0.01% |
355,555
+36,871
| +12% | +$1.62M |
|
1564
Gibraltar Industries
ROCK
$1.49B
| $16M | ﹤0.01% |
393,942
+34,404
| +10% | +$1.31M |
|
|
PMT
1565
PennyMac Mortgage Investment
PMT
$842M
| $16M | ﹤0.01% |
772,294
+83,597
| +12% | +$1.68M |
|
1566
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $16M | ﹤0.01% |
606,234
+39,598
| +7% | +$1.11M |
|
1567
Strategy Inc
MSTR
$38.4B
| $15.9M | ﹤0.01% |
1,105,660
-4,550
| -0.4% | -$63K |
|
1568
Kforce
KFRC
$1.06B
| $15.9M | ﹤0.01% |
454,093
+17,959
| +4% | +$623K |
|
1569
Varex Imaging
VREX
$523M
| $15.9M | ﹤0.01% |
469,822
+34,920
| +8% | +$1.06M |
|
|
RDC
1570
DELISTED
Rowan Companies Plc
RDC
| $15.9M | ﹤0.01% |
1,473,377
+138,134
| +10% | +$1.61M |
|
1571
Gentherm
THRM
$1.27B
| $15.9M | ﹤0.01% |
430,046
+24,026
| +6% | +$978K |
|
1572
AngioDynamics
ANGO
$649M
| $15.7M | ﹤0.01% |
687,873
+23,129
| +3% | +$502K |
|
1573
Huazhu Hotels Group
HTHT
$13B
| $15.7M | ﹤0.01% |
374,538
+20,671
| +6% | +$707K |
|
|
WPG
1574
DELISTED
Washington Prime Group Inc.
WPG
| $15.7M | ﹤0.01% |
308,437
+26,325
| +9% | +$1.29M |
|
|
NXGN
1575
DELISTED
NextGen Healthcare, Inc. Common Stock
NXGN
| $15.7M | ﹤0.01% |
931,746
+46,129
| +5% | +$800K |
|
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.