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 | |
|---|---|---|---|---|---|---|
1626
Universal Corp
UVV
$1.3B
| $11.9M | ﹤0.01% |
244,982
-5,996
| -2% | -$297K |
|
1627
SPX Corp
SPXC
$10.6B
| $11.9M | ﹤0.01% |
365,657
+22,495
| +7% | +$712K |
|
|
IPCC
1628
DELISTED
Infinity Property & Casualty C
IPCC
| $11.9M | ﹤0.01% |
100,287
+2,165
| +2% | +$240K |
|
1629
Gentherm
THRM
$1.26B
| $11.9M | ﹤0.01% |
349,562
+15,414
| +5% | +$499K |
|
1630
FormFactor
FORM
$8.48B
| $11.9M | ﹤0.01% |
868,909
-8,634
| -1% | -$125K |
|
1631
Enerpac Tool Group
EPAC
$1.86B
| $11.9M | ﹤0.01% |
509,961
+10,434
| +2% | +$251K |
|
|
AKS
1632
DELISTED
AK Steel Holding Corp
AKS
| $11.9M | ﹤0.01% |
2,616,367
+54,364
| +2% | +$299K |
|
1633
MaxLinear
MXL
$6.08B
| $11.8M | ﹤0.01% |
520,314
+10,639
| +2% | +$264K |
|
1634
Editas Medicine
EDIT
$404M
| $11.8M | ﹤0.01% |
356,981
+67,126
| +23% | +$2.39M |
|
|
BPFH
1635
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $11.8M | ﹤0.01% |
786,097
+16,003
| +2% | +$243K |
|
1636
Oxford Industries
OXM
$569M
| $11.8M | ﹤0.01% |
158,384
+18,405
| +13% | +$1.47M |
|
1637
VICI Properties
VICI
$29.1B
| $11.8M | ﹤0.01% |
+644,189
| New | +$12.6M |
|
1638
Xencor
XNCR
$1.42B
| $11.8M | ﹤0.01% |
393,048
+40,522
| +11% | +$1.06M |
|
1639
First Commonwealth Financial
FCF
$2.2B
| $11.8M | ﹤0.01% |
833,350
+39,209
| +5% | +$567K |
|
|
BRKL
1640
DELISTED
Brookline Bancorp
BRKL
| $11.8M | ﹤0.01% |
725,574
+33,913
| +5% | +$554K |
|
|
BNCL
1641
DELISTED
Beneficial Bancorp, Inc.
BNCL
| $11.7M | ﹤0.01% |
755,234
+10,983
| +1% | +$175K |
|
|
ANAT
1642
DELISTED
American National Group, Inc. Common Stock
ANAT
| $11.7M | ﹤0.01% |
100,339
+561
| +0.6% | +$67.9K |
|
1643
The Ensign Group
ENSG
$10.4B
| $11.7M | ﹤0.01% |
474,039
+12,426
| +3% | +$296K |
|
|
HDP
1644
DELISTED
Hortonworks, Inc.
HDP
| $11.6M | ﹤0.01% |
571,064
-61,064
| -10% | -$1.2M |
|
1645
TFS Financial
TFSL
$5.22B
| $11.6M | ﹤0.01% |
786,624
+27,695
| +4% | +$415K |
|
1646
Alamo Group
ALG
$1.97B
| $11.5M | ﹤0.01% |
105,051
-3,621
| -3% | -$410K |
|
1647
Diodes
DIOD
$3.73B
| $11.5M | ﹤0.01% |
379,051
+21,680
| +6% | +$649K |
|
|
LADR
1648
Ladder Capital
LADR
$1.23B
| $11.4M | ﹤0.01% |
759,224
+66,413
| +10% | +$972K |
|
|
FG
1649
DELISTED
FGL Holdings Ordinary Shares
FG
| $11.4M | ﹤0.01% |
1,127,739
+1,027,739
| +1,028% | +$10.1M |
|
|
EFII
1650
DELISTED
Electronics for Imaging
EFII
| $11.4M | ﹤0.01% |
418,449
-12,656
| -3% | -$363K |
|
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.