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 | |
|---|---|---|---|---|---|---|
1751
CVR Energy
CVI
$3.13B
| $12.2M | ﹤0.01% |
295,793
-115,377
| -28% | -$4.59M |
|
1752
The Greenbrier Companies
GBX
$1.46B
| $12.2M | ﹤0.01% |
378,120
+41,220
| +12% | +$1.64M |
|
1753
Kulicke & Soffa
KLIC
$4.78B
| $12.2M | ﹤0.01% |
550,123
+1,684
| +0.3% | +$37.3K |
|
|
MTSC
1754
DELISTED
MTS Systems Corp
MTSC
| $12.2M | ﹤0.01% |
223,109
+17,372
| +8% | +$882K |
|
1755
AZZ Inc
AZZ
$4.54B
| $12.1M | ﹤0.01% |
296,642
+27,461
| +10% | +$1.22M |
|
1756
Innoviva
INVA
$1.48B
| $12.1M | ﹤0.01% |
864,838
+64,959
| +8% | +$1.05M |
|
1757
Travere Therapeutics
TVTX
$5.78B
| $12.1M | ﹤0.01% |
535,438
+52,355
| +11% | +$1.16M |
|
1758
Codexis
CDXS
$158M
| $12.1M | ﹤0.01% |
589,846
+23,383
| +4% | +$454K |
|
1759
Adient
ADNT
$1.5B
| $12.1M | ﹤0.01% |
930,704
+53,933
| +6% | +$944K |
|
1760
Methode Electronics
MEI
$592M
| $12M | ﹤0.01% |
418,376
+20,564
| +5% | +$561K |
|
1761
Tompkins Financial
TMP
$1.42B
| $12M | ﹤0.01% |
157,729
+14,652
| +10% | +$1.14M |
|
1762
Lindsay Corp
LNN
$1.18B
| $12M | ﹤0.01% |
123,957
+8,811
| +8% | +$800K |
|
|
XENT
1763
DELISTED
Intersect ENT, Inc
XENT
| $12M | ﹤0.01% |
373,072
+31,502
| +9% | +$975K |
|
|
SGMO
1764
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $11.9M | ﹤0.01% |
1,252,473
+123,108
| +11% | +$1.26M |
|
|
KNL
1765
DELISTED
Knoll, Inc.
KNL
| $11.9M | ﹤0.01% |
628,216
+19,312
| +3% | +$383K |
|
|
ARR
1766
Armour Residential REIT
ARR
$2.36B
| $11.9M | ﹤0.01% |
121,525
+34,055
| +39% | +$3.49M |
|
1767
TherapeuticsMD
TXMD
$24M
| $11.9M | ﹤0.01% |
48,675
+4,551
| +10% | +$1.2M |
|
|
ALDR
1768
DELISTED
Alder Biopharmaceuticals
ALDR
| $11.8M | ﹤0.01% |
868,135
+219,695
| +34% | +$2.85M |
|
|
CNR
1769
Core Natural Resources Inc
CNR
$4.45B
| $11.8M | ﹤0.01% |
346,261
+54,133
| +19% | +$1.9M |
|
1770
GameStop
GME
$8.6B
| $11.8M | ﹤0.01% |
4,660,624
+398,592
| +9% | +$1.24M |
|
|
ESPR
1771
DELISTED
Esperion Therapeutics
ESPR
| $11.8M | ﹤0.01% |
294,714
+19,304
| +7% | +$866K |
|
1772
Stewart Information Services
STC
$2.08B
| $11.8M | ﹤0.01% |
276,894
+28,667
| +12% | +$1.23M |
|
1773
Opko Health
OPK
$1.02B
| $11.8M | ﹤0.01% |
4,527,632
+449,235
| +11% | +$1.36M |
|
1774
Acco Brands
ACCO
$407M
| $11.8M | ﹤0.01% |
1,379,330
+60,269
| +5% | +$527K |
|
|
TRHC
1775
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
| $11.8M | ﹤0.01% |
209,158
+20,408
| +11% | +$1.22M |
|
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.