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 | |
|---|---|---|---|---|---|---|
1951
Shutterstock
SSTK
$223M
| $7.54M | ﹤0.01% |
156,554
+2,822
| +2% | +$133K |
|
|
NCI
1952
DELISTED
Navigant Consulting, Inc.
NCI
| $7.49M | ﹤0.01% |
389,551
+9,871
| +3% | +$197K |
|
1953
TriCo Bancshares
TCBK
$1.85B
| $7.49M | ﹤0.01% |
201,233
+3,838
| +2% | +$147K |
|
|
CTWS
1954
DELISTED
Connecticut Water Service Inc
CTWS
| $7.48M | ﹤0.01% |
123,622
+2,166
| +2% | +$117K |
|
|
UBNK
1955
DELISTED
United Financial Bancorp, Inc.
UBNK
| $7.48M | ﹤0.01% |
461,547
+8,963
| +2% | +$149K |
|
|
HT
1956
DELISTED
Hersha Hospitality Trust Priority Class A Common Shares of Beneficial Interest
HT
| $7.47M | ﹤0.01% |
417,445
+11,775
| +3% | +$209K |
|
|
IPHS
1957
DELISTED
Innophos Holdings, Inc.
IPHS
| $7.46M | ﹤0.01% |
185,565
-15,415
| -8% | -$675K |
|
|
MCHB
1958
Mechanics Bancorp
MCHB
$3.77B
| $7.45M | ﹤0.01% |
260,134
+4,640
| +2% | +$138K |
|
1959
Ingles Markets
IMKTA
$1.74B
| $7.45M | ﹤0.01% |
220,158
+14,725
| +7% | +$491K |
|
|
AMAG
1960
DELISTED
AMAG Pharmaceuticals
AMAG
| $7.45M | ﹤0.01% |
369,556
-7,923
| -2% | -$134K |
|
|
EXTN
1961
DELISTED
Exterran Corporation
EXTN
| $7.44M | ﹤0.01% |
278,638
+15,870
| +6% | +$459K |
|
|
CMO
1962
DELISTED
Capstead Mortgage Corp.
CMO
| $7.44M | ﹤0.01% |
859,792
+13,687
| +2% | +$119K |
|
|
TRST
1963
Trustco Bank Corp NY
TRST
$975M
| $7.41M | ﹤0.01% |
175,384
+2,969
| +2% | +$130K |
|
1964
CTS Corp
CTS
$1.86B
| $7.4M | ﹤0.01% |
272,030
+16,595
| +6% | +$446K |
|
|
NRE
1965
DELISTED
NorthStar Realty Europe Corp.
NRE
| $7.39M | ﹤0.01% |
567,999
+40,562
| +8% | +$477K |
|
|
HTO
1966
H2O America
HTO
$2.56B
| $7.39M | ﹤0.01% |
140,148
+1,579
| +1% | +$88.7K |
|
|
TPC
1967
Tutor Perini Cor
TPC
$4.51B
| $7.38M | ﹤0.01% |
334,581
+6,997
| +2% | +$166K |
|
|
AMR
1968
DELISTED
Alta Mesa Resources Inc
AMR
| $7.37M | ﹤0.01% |
+921,379
| New | +$7.52M |
|
1969
Adtran
ADTN
$718M
| $7.37M | ﹤0.01% |
473,972
-66,611
| -12% | -$1.11M |
|
|
GHDX
1970
DELISTED
Genomic Health, Inc.
GHDX
| $7.36M | ﹤0.01% |
235,238
+55,773
| +31% | +$1.85M |
|
|
LDL
1971
DELISTED
Lydall, Inc.
LDL
| $7.32M | ﹤0.01% |
151,750
+9,188
| +6% | +$441K |
|
|
UPL
1972
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $7.31M | ﹤0.01% |
1,754,186
+32,904
| +2% | +$192K |
|
1973
Cohen & Steers
CNS
$4.35B
| $7.31M | ﹤0.01% |
179,745
+724
| +0.4% | +$30.4K |
|
1974
Evolent Health
EVH
$353M
| $7.31M | ﹤0.01% |
512,756
+9,341
| +2% | +$134K |
|
|
NBIS
1975
Nebius Group N.V.
NBIS
$54B
| $7.3M | ﹤0.01% |
185,150
+8,218
| +5% | +$323K |
|
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.