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 | |
|---|---|---|---|---|---|---|
|
NSTG
1926
DELISTED
NanoString Technologies, Inc.
NSTG
| $9.33M | ﹤0.01% |
389,993
+55,152
| +16% | +$1.27M |
|
1927
Washington Trust Bancorp
WASH
$741M
| $9.33M | ﹤0.01% |
193,788
+14,142
| +8% | +$726K |
|
1928
Wave Life Sciences
WVE
$1.2B
| $9.33M | ﹤0.01% |
240,059
+46,464
| +24% | +$1.89M |
|
1929
Ryanair
RYAAY
$31.3B
| $9.32M | ﹤0.01% |
310,900
-109,963
| -26% | -$3.19M |
|
|
FARO
1930
DELISTED
Faro Technologies
FARO
| $9.26M | ﹤0.01% |
210,827
+21,625
| +11% | +$954K |
|
1931
Columbus McKinnon
CMCO
$584M
| $9.25M | ﹤0.01% |
269,176
+23,259
| +9% | +$809K |
|
1932
MACOM Technology Solutions
MTSI
$23.7B
| $9.22M | ﹤0.01% |
551,751
+47,308
| +9% | +$824K |
|
|
CNSL
1933
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $9.19M | ﹤0.01% |
841,889
+43,702
| +5% | +$457K |
|
|
THR
1934
DELISTED
Thermon Group Holdings
THR
| $9.18M | ﹤0.01% |
374,618
+38,049
| +11% | +$907K |
|
|
PGTI
1935
DELISTED
PGT, Inc.
PGTI
| $9.18M | ﹤0.01% |
662,504
+53,270
| +9% | +$843K |
|
|
AVLR
1936
DELISTED
Avalara, Inc.
AVLR
| $9.13M | ﹤0.01% |
163,660
+77,319
| +90% | +$3.59M |
|
1937
MacroGenics
MGNX
$257M
| $9.13M | ﹤0.01% |
507,664
+51,790
| +11% | +$895K |
|
1938
Essential Properties Realty Trust
EPRT
$6.62B
| $9.13M | ﹤0.01% |
467,525
+87,233
| +23% | +$1.42M |
|
1939
Phibro Animal Health
PAHC
$1.39B
| $9.11M | ﹤0.01% |
276,109
+27,572
| +11% | +$858K |
|
|
QUOT
1940
DELISTED
Quotient Technology Inc
QUOT
| $9.11M | ﹤0.01% |
922,869
+76,494
| +9% | +$785K |
|
1941
Community Trust Bancorp
CTBI
$1.41B
| $9.1M | ﹤0.01% |
221,644
+13,769
| +7% | +$572K |
|
1942
Marten Transport
MRTN
$1.22B
| $9.1M | ﹤0.01% |
765,477
+35,350
| +5% | +$432K |
|
1943
Amphastar Pharmaceuticals
AMPH
$916M
| $9.08M | ﹤0.01% |
444,578
+19,277
| +5% | +$432K |
|
|
TCDA
1944
DELISTED
Tricida, Inc. Common Stock
TCDA
| $9.07M | ﹤0.01% |
234,935
+46,010
| +24% | +$1.07M |
|
1945
Johnson Outdoors
JOUT
$505M
| $9.06M | ﹤0.01% |
127,043
+9,567
| +8% | +$625K |
|
1946
Argan
AGX
$8.37B
| $9.05M | ﹤0.01% |
181,233
-5,136
| -3% | -$231K |
|
1947
Univest Financial
UVSP
$1.18B
| $9.05M | ﹤0.01% |
370,021
+30,150
| +9% | +$736K |
|
1948
Onto Innovation
ONTO
$15.3B
| $9.04M | ﹤0.01% |
292,806
+31,858
| +12% | +$937K |
|
|
HT
1949
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $9.04M | ﹤0.01% |
527,277
+35,802
| +7% | +$645K |
|
|
NXRT
1950
NexPoint Residential Trust
NXRT
$652M
| $9.03M | ﹤0.01% |
235,562
+15,540
| +7% | +$571K |
|
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.