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 | |
|---|---|---|---|---|---|---|
|
ECOL
1701
DELISTED
US Ecology, Inc.
ECOL
| $10.7M | ﹤0.01% |
201,360
+9,640
| +5% | +$509K |
|
1702
Brookdale Senior Living
BKD
$3.43B
| $10.7M | ﹤0.01% |
1,598,688
+15,328
| +1% | +$130K |
|
1703
Safety Insurance
SAFT
$1.51B
| $10.7M | ﹤0.01% |
138,930
+2,769
| +2% | +$212K |
|
|
HAPN
1704
Happen Inc
HAPN
$2.36B
| $10.6M | ﹤0.01% |
607,829
+8,594
| +1% | +$166K |
|
|
AUD
1705
DELISTED
Audacy, Inc.
AUD
| $10.6M | ﹤0.01% |
1,098,540
+3,827
| +0.3% | +$39.8K |
|
|
JOYY
1706
JOYY Inc
JOYY
$3.73B
| $10.6M | ﹤0.01% |
101,335
+7,645
| +8% | +$963K |
|
|
KBAL
1707
DELISTED
Kimball International
KBAL
| $10.6M | ﹤0.01% |
619,223
-71,066
| -10% | -$1.26M |
|
1708
Installed Building Products
IBP
$6.15B
| $10.5M | ﹤0.01% |
175,644
+4,192
| +2% | +$279K |
|
1709
OSI Systems
OSIS
$3.72B
| $10.5M | ﹤0.01% |
161,439
+2,128
| +1% | +$138K |
|
1710
Standex International
SXI
$3.78B
| $10.5M | ﹤0.01% |
110,457
+7,541
| +7% | +$755K |
|
1711
Astec Industries
ASTE
$1.21B
| $10.5M | ﹤0.01% |
190,542
+3,833
| +2% | +$231K |
|
|
RPT.PRD
1712
DELISTED
RPT Realty 7.25% Series D Cumulative Convertible Perpetual Preferred Shares of Beneficial Interest
RPT.PRD
| – | – |
0
| – | – |
|
|
XENT
1713
DELISTED
Intersect ENT, Inc
XENT
| $10.5M | ﹤0.01% |
267,272
+10,790
| +4% | +$394K |
|
1714
National Vision
EYE
$1.8B
| $10.5M | ﹤0.01% |
324,900
+136,835
| +73% | +$4.99M |
|
1715
Scholastic
SCHL
$794M
| $10.5M | ﹤0.01% |
269,921
+7,671
| +3% | +$291K |
|
1716
SPS Commerce
SPSC
$2.72B
| $10.5M | ﹤0.01% |
327,242
+10,014
| +3% | +$283K |
|
|
VIVO
1717
DELISTED
Meridian Bioscience Inc
VIVO
| $10.5M | ﹤0.01% |
737,638
+41,512
| +6% | +$614K |
|
1718
The RMR Group
RMR
$322M
| $10.5M | ﹤0.01% |
149,706
+21,752
| +17% | +$1.4M |
|
|
ISCA
1719
DELISTED
International Speedway Corp
ISCA
| $10.5M | ﹤0.01% |
237,248
+4,252
| +2% | +$185K |
|
1720
Dine Brands
DIN
$458M
| $10.5M | ﹤0.01% |
159,512
+11,509
| +8% | +$703K |
|
|
PMT
1721
PennyMac Mortgage Investment
PMT
$823M
| $10.4M | ﹤0.01% |
579,142
-13,770
| -2% | -$231K |
|
|
EBSB
1722
DELISTED
Meridian Bancorp, Inc.
EBSB
| $10.4M | ﹤0.01% |
517,830
+17,908
| +4% | +$368K |
|
|
RWT
1723
Redwood Trust
RWT
$580M
| $10.4M | ﹤0.01% |
674,120
+13,027
| +2% | +$196K |
|
1724
OceanFirst Financial
OCFC
$1.71B
| $10.4M | ﹤0.01% |
389,187
+97,276
| +33% | +$2.62M |
|
1725
SiriusPoint
SPNT
$2.75B
| $10.3M | ﹤0.01% |
741,712
+15,581
| +2% | +$221K |
|
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.