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 | |
|---|---|---|---|---|---|---|
1876
Malibu Boats
MBUU
$567M
| $10M | ﹤0.01% |
253,155
+22,632
| +10% | +$936K |
|
1877
World Acceptance Corp
WRLD
$873M
| $10M | ﹤0.01% |
85,465
+6,149
| +8% | +$696K |
|
1878
Barrett Business Services
BBSI
$804M
| $10M | ﹤0.01% |
517,304
+22,956
| +5% | +$398K |
|
1879
AdvanSix
ASIX
$444M
| $9.94M | ﹤0.01% |
348,058
+29,710
| +9% | +$905K |
|
1880
Marcus Corp
MCS
$945M
| $9.91M | ﹤0.01% |
247,478
+31,390
| +15% | +$1.3M |
|
1881
St. Joe Company
JOE
$3.83B
| $9.9M | ﹤0.01% |
600,134
+30,382
| +5% | +$467K |
|
1882
Omeros
OMER
$959M
| $9.89M | ﹤0.01% |
569,289
+52,657
| +10% | +$759K |
|
1883
MBIA
MBI
$260M
| $9.88M | ﹤0.01% |
1,038,175
+75,613
| +8% | +$742K |
|
|
REGI
1884
DELISTED
Renewable Energy Group, Inc.
REGI
| $9.88M | ﹤0.01% |
450,018
+8,897
| +2% | +$229K |
|
|
AVX
1885
DELISTED
AVX Corporation
AVX
| $9.87M | ﹤0.01% |
569,417
+41,040
| +8% | +$718K |
|
|
DBD
1886
DELISTED
Diebold Nixdorf Incorporated
DBD
| $9.87M | ﹤0.01% |
891,662
+51,058
| +6% | +$357K |
|
1887
Federal Agricultural Mortgage
AGM
$2.56B
| $9.86M | ﹤0.01% |
136,081
+11,945
| +10% | +$872K |
|
|
HEES
1888
DELISTED
H&E Equipment Services
HEES
| $9.83M | ﹤0.01% |
391,454
+23,763
| +6% | +$625K |
|
1889
Evolent Health
EVH
$447M
| $9.82M | ﹤0.01% |
780,801
+41,741
| +6% | +$661K |
|
|
AQUA
1890
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $9.82M | ﹤0.01% |
780,620
+104,685
| +15% | +$1.25M |
|
1891
Mesa Laboratories
MLAB
$574M
| $9.79M | ﹤0.01% |
42,469
+3,765
| +10% | +$851K |
|
|
MCRN
1892
DELISTED
Milacron Holdings Corp.
MCRN
| $9.79M | ﹤0.01% |
864,541
+114,420
| +15% | +$1.51M |
|
|
RTEC
1893
DELISTED
Rudolph Technologies Inc
RTEC
| $9.72M | ﹤0.01% |
426,482
-26,463
| -6% | -$581K |
|
|
NPKI
1894
NPK International
NPKI
$1.14B
| $9.71M | ﹤0.01% |
1,060,067
+108,823
| +11% | +$933K |
|
|
AVP
1895
DELISTED
Avon Products, Inc.
AVP
| $9.71M | ﹤0.01% |
3,301,931
+107,715
| +3% | +$271K |
|
|
AKS
1896
DELISTED
AK Steel Holding Corp
AKS
| $9.68M | ﹤0.01% |
3,519,261
+268,724
| +8% | +$762K |
|
1897
United Natural Foods
UNFI
$2.85B
| $9.65M | ﹤0.01% |
730,074
+62,675
| +9% | +$846K |
|
|
HIFR
1898
DELISTED
InfraREIT, Inc.
HIFR
| $9.65M | ﹤0.01% |
459,997
+2,219
| +0.5% | +$47K |
|
1899
Central Pacific Financial
CPF
$1B
| $9.64M | ﹤0.01% |
334,417
+15,782
| +5% | +$443K |
|
1900
Liberty Latin America Class A
LILA
$1.67B
| $9.63M | ﹤0.01% |
777,284
-15,841
| -2% | -$185K |
|
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.