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 | |
|---|---|---|---|---|---|---|
|
MODV
1701
DELISTED
ModivCare
MODV
| $13.2M | ﹤0.01% |
198,391
+7,254
| +4% | +$475K |
|
1702
OFG Bancorp
OFG
$2.21B
| $13.2M | ﹤0.01% |
665,506
+63,827
| +11% | +$1.24M |
|
1703
Boise Cascade
BCC
$3.02B
| $13.2M | ﹤0.01% |
491,864
+54,465
| +12% | +$1.47M |
|
1704
Huron Consulting
HURN
$2.42B
| $13.1M | ﹤0.01% |
278,273
+20,693
| +8% | +$1.02M |
|
1705
Tennant Co
TNC
$1.26B
| $13.1M | ﹤0.01% |
211,326
+22,972
| +12% | +$1.38M |
|
1706
E.W. Scripps
SSP
$304M
| $13.1M | ﹤0.01% |
624,210
+59,859
| +11% | +$1.19M |
|
1707
Nabors Industries
NBR
$1.21B
| $13M | ﹤0.01% |
75,715
+5,514
| +8% | +$858K |
|
1708
Advanced Drainage Systems
WMS
$10.9B
| $13M | ﹤0.01% |
505,162
+31,611
| +7% | +$800K |
|
1709
AppFolio
APPF
$7.04B
| $13M | ﹤0.01% |
163,938
+15,513
| +10% | +$1.04M |
|
1710
Thomson Reuters
TRI
$44.1B
| $13M | ﹤0.01% |
209,167
-144,625
| -41% | -$8.08M |
|
|
GES
1711
DELISTED
Guess Inc
GES
| $13M | ﹤0.01% |
662,284
+57,069
| +9% | +$1.21M |
|
1712
First Bancorp
FBNC
$2.68B
| $12.9M | ﹤0.01% |
372,412
+19,681
| +6% | +$721K |
|
|
SINA
1713
DELISTED
Sina Corp
SINA
| $12.9M | ﹤0.01% |
219,007
-1,219
| -0.6% | -$73.1K |
|
1714
Astronics
ATRO
$3.84B
| $12.9M | ﹤0.01% |
473,759
+36,798
| +8% | +$981K |
|
|
ESV
1715
DELISTED
Ensco Rowan plc
ESV
| $12.9M | ﹤0.01% |
819,458
+38,281
| +5% | +$667K |
|
1716
Patrick Industries
PATK
$2.85B
| $12.9M | ﹤0.01% |
425,451
+28,093
| +7% | +$778K |
|
1717
Seaboard Corp
SEB
$4.06B
| $12.8M | ﹤0.01% |
2,985
+223
| +8% | +$859K |
|
1718
Ares Management
ARES
$30.9B
| $12.8M | ﹤0.01% |
+550,404
| New | +$12M |
|
|
VGR
1719
DELISTED
Vector Group Ltd.
VGR
| $12.8M | ﹤0.01% |
1,751,750
+130,531
| +8% | +$971K |
|
1720
Heritage Financial
HFWA
$1.21B
| $12.8M | ﹤0.01% |
423,062
+40,127
| +10% | +$1.26M |
|
1721
CBIZ
CBZ
$2.96B
| $12.7M | ﹤0.01% |
629,536
+64,095
| +11% | +$1.3M |
|
|
ALTR
1722
DELISTED
Altair Engineering Inc
ALTR
| $12.7M | ﹤0.01% |
345,909
+35,306
| +11% | +$1.19M |
|
1723
Hecla Mining
HL
$11.3B
| $12.7M | ﹤0.01% |
5,531,084
+548,746
| +11% | +$1.38M |
|
|
CRZO
1724
DELISTED
Carrizo Oil & Gas Inc
CRZO
| $12.7M | ﹤0.01% |
1,019,047
+65,868
| +7% | +$783K |
|
|
TBI
1725
Trueblue
TBI
$311M
| $12.7M | ﹤0.01% |
537,031
+47,335
| +10% | +$1.11M |
|
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.