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 | |
|---|---|---|---|---|---|---|
176
Travelers Companies
TRV
$79.8B
| $453M | 0.12% |
3,307,743
+81,586
| +3% | +$10.4M |
|
|
ATVI
177
DELISTED
Activision Blizzard
ATVI
| $452M | 0.12% |
9,956,273
+840,171
| +9% | +$38M |
|
178
Eaton
ETN
$174B
| $450M | 0.12% |
5,594,444
+136,875
| +3% | +$10.4M |
|
179
Regeneron Pharmaceuticals
REGN
$79.1B
| $450M | 0.12% |
1,097,848
+19,395
| +2% | +$7.99M |
|
180
Truist Financial
TFC
$64.6B
| $449M | 0.12% |
9,677,488
+457,370
| +5% | +$22.3M |
|
181
Johnson Controls International
JCI
$93.1B
| $440M | 0.11% |
11,932,305
+523,167
| +5% | +$17.9M |
|
182
Paychex
PAYX
$42.1B
| $436M | 0.11% |
5,434,581
+222,179
| +4% | +$16.4M |
|
183
Dollar General
DG
$28B
| $435M | 0.11% |
3,653,408
-113,827
| -3% | -$13.2M |
|
184
Lam Research
LRCX
$385B
| $428M | 0.11% |
23,942,100
-1,254,910
| -5% | -$20.9M |
|
185
Sherwin-Williams
SHW
$89.7B
| $423M | 0.11% |
2,953,878
+138,735
| +5% | +$19.3M |
|
186
ServiceNow
NOW
$121B
| $421M | 0.11% |
8,542,515
+860,765
| +11% | +$37.8M |
|
187
Digital Realty Trust
DLR
$72.1B
| $418M | 0.11% |
3,517,867
+266,874
| +8% | +$29.8M |
|
188
Delta Air Lines
DAL
$61.3B
| $413M | 0.11% |
8,007,466
+250,339
| +3% | +$12.4M |
|
189
Public Service Enterprise Group
PEG
$37.7B
| $413M | 0.11% |
6,960,822
+433,495
| +7% | +$24.2M |
|
190
Ventas
VTR
$47.5B
| $407M | 0.11% |
6,379,503
+616,614
| +11% | +$38.5M |
|
191
HP
HPQ
$26.1B
| $403M | 0.1% |
20,774,163
+527,546
| +3% | +$11.2M |
|
192
Sysco
SYY
$40.3B
| $400M | 0.1% |
6,001,681
-330,214
| -5% | -$21.5M |
|
193
VF Corp
VFC
$5.98B
| $398M | 0.1% |
4,866,115
-89,891
| -2% | -$7.01M |
|
194
General Mills
GIS
$19.2B
| $395M | 0.1% |
7,652,039
+421,376
| +6% | +$19.1M |
|
195
Oneok
OKE
$55B
| $395M | 0.1% |
5,659,647
+325,154
| +6% | +$21.1M |
|
196
Consolidated Edison
ED
$40B
| $393M | 0.1% |
4,636,507
+176,474
| +4% | +$14.1M |
|
197
Amphenol
APH
$212B
| $391M | 0.1% |
16,593,664
-564,876
| -3% | -$12.6M |
|
|
ALXN
198
DELISTED
Alexion Pharmaceuticals
ALXN
| $388M | 0.1% |
2,878,022
+196,113
| +7% | +$24.4M |
|
199
Electronic Arts
EA
$52.9B
| $387M | 0.1% |
3,819,294
+205,499
| +6% | +$19.5M |
|
|
STI
200
DELISTED
SunTrust Banks, Inc.
STI
| $386M | 0.1% |
6,532,985
+235,780
| +4% | +$14.4M |
|
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.