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 | |
|---|---|---|---|---|---|---|
|
CKH
1951
DELISTED
Seacor Holdings Inc.
CKH
| $9.02M | ﹤0.01% |
213,432
+11,630
| +6% | +$496K |
|
|
AHRT
1952
AH Realty Trust
AHRT
$517M
| $9.01M | ﹤0.01% |
578,184
+84,862
| +17% | +$1.28M |
|
|
MCHB
1953
Mechanics Bancorp
MCHB
$3.68B
| $9.01M | ﹤0.01% |
341,946
+38,149
| +13% | +$990K |
|
1954
Allogene Therapeutics
ALLO
$694M
| $8.99M | ﹤0.01% |
310,889
-8,179
| -3% | -$237K |
|
|
UNT
1955
DELISTED
UNIT Corporation
UNT
| $8.94M | ﹤0.01% |
627,968
+64,653
| +11% | +$1.03M |
|
1956
Inspire Medical Systems
INSP
$1.74B
| $8.93M | ﹤0.01% |
157,230
+22,944
| +17% | +$1.24M |
|
1957
Hyster-Yale Materials Handling
HY
$665M
| $8.91M | ﹤0.01% |
142,919
+8,606
| +6% | +$583K |
|
1958
M/I Homes
MHO
$3.84B
| $8.89M | ﹤0.01% |
333,847
+31,477
| +10% | +$819K |
|
1959
SiriusPoint
SPNT
$2.68B
| $8.88M | ﹤0.01% |
855,844
+68,724
| +9% | +$731K |
|
|
LBAI
1960
DELISTED
Lakeland Bancorp Inc
LBAI
| $8.88M | ﹤0.01% |
594,722
+63,470
| +12% | +$1.01M |
|
|
QTNA
1961
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $8.87M | ﹤0.01% |
364,728
+35,627
| +11% | +$620K |
|
1962
GoPro
GPRO
$126M
| $8.86M | ﹤0.01% |
1,362,983
-404,764
| -23% | -$2.26M |
|
1963
Encore Capital Group
ECPG
$2.13B
| $8.83M | ﹤0.01% |
324,221
+11,716
| +4% | +$350K |
|
1964
Tootsie Roll Industries
TR
$2.98B
| $8.79M | ﹤0.01% |
290,135
+28,327
| +11% | +$798K |
|
1965
Axogen
AXGN
$2.5B
| $8.78M | ﹤0.01% |
416,779
+33,501
| +9% | +$612K |
|
|
LABL
1966
DELISTED
Multi-Color Corp
LABL
| $8.76M | ﹤0.01% |
175,680
+12,192
| +7% | +$570K |
|
|
ORIT
1967
DELISTED
Oritani Financial Corp. New
ORIT
| $8.76M | ﹤0.01% |
526,690
+33,395
| +7% | +$562K |
|
1968
Garrett Motion
GTX
$5.57B
| $8.75M | ﹤0.01% |
594,061
+49,721
| +9% | +$749K |
|
1969
Wabash National
WNC
$527M
| $8.75M | ﹤0.01% |
645,670
+49,106
| +8% | +$695K |
|
|
SHOE
1970
Shoe Station Group
SHOE
$428M
| $8.75M | ﹤0.01% |
514,180
+135,890
| +36% | +$2.47M |
|
1971
Liberty Media Series A
FWONA
$23.6B
| $8.75M | ﹤0.01% |
268,375
-1,133
| -0.4% | -$34.3K |
|
1972
Cimpress
CMPR
$2.31B
| $8.74M | ﹤0.01% |
109,131
+9,718
| +10% | +$888K |
|
|
EVRI
1973
DELISTED
Everi Holdings
EVRI
| $8.73M | ﹤0.01% |
829,860
+135,488
| +20% | +$1.03M |
|
1974
iShares MSCI KLD 400 Social ETF
DSI
$5.54B
| – | – |
0
| – | – |
|
|
CMO
1975
DELISTED
Capstead Mortgage Corp.
CMO
| $8.69M | ﹤0.01% |
1,012,206
+28,106
| +3% | +$220K |
|
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.