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 | |
|---|---|---|---|---|---|---|
|
CBL
1976
DELISTED
CBL& Associates Properties, Inc.
CBL
| $7.29M | ﹤0.01% |
1,748,807
+54,607
| +3% | +$273K |
|
1977
M/I Homes
MHO
$3.75B
| $7.29M | ﹤0.01% |
228,765
+4,555
| +2% | +$150K |
|
|
RUTH
1978
DELISTED
Ruth's Hospitality Group, Inc.
RUTH
| $7.28M | ﹤0.01% |
297,601
+11,876
| +4% | +$280K |
|
1979
Unitil
UTL
$970M
| $7.27M | ﹤0.01% |
156,671
+5,199
| +3% | +$228K |
|
|
ALDR
1980
DELISTED
Alder Biopharmaceuticals
ALDR
| $7.25M | ﹤0.01% |
570,789
+10,939
| +2% | +$158K |
|
|
KTWO
1981
DELISTED
K2M Group Holdings, Inc
KTWO
| $7.25M | ﹤0.01% |
382,472
+21,392
| +6% | +$424K |
|
1982
Customers Bancorp
CUBI
$2.72B
| $7.24M | ﹤0.01% |
248,297
-21,655
| -8% | -$650K |
|
|
CUTR
1983
DELISTED
Cutera, Inc.
CUTR
| $7.21M | ﹤0.01% |
143,531
-12,737
| -8% | -$622K |
|
|
CAMP
1984
DELISTED
CalAmp Corp.
CAMP
| $7.21M | ﹤0.01% |
13,696
+217
| +2% | +$118K |
|
1985
CEVA Inc
CEVA
$927M
| $7.2M | ﹤0.01% |
198,967
+4,102
| +2% | +$167K |
|
|
GG
1986
DELISTED
Goldcorp Inc
GG
| $7.2M | ﹤0.01% |
+527,892
| New | +$7.13M |
|
1987
Columbus McKinnon
CMCO
$580M
| $7.18M | ﹤0.01% |
200,471
+4,199
| +2% | +$161K |
|
|
CNR
1988
Core Natural Resources Inc
CNR
$4.05B
| $7.17M | ﹤0.01% |
247,554
+17,010
| +7% | +$548K |
|
1989
Koppers
KOP
$976M
| $7.17M | ﹤0.01% |
174,390
+3,902
| +2% | +$172K |
|
1990
GSK
GSK
$103B
| $7.13M | ﹤0.01% |
146,082
+29,665
| +25% | +$1.38M |
|
1991
Central Pacific Financial
CPF
$1.02B
| $7.13M | ﹤0.01% |
250,659
+5,139
| +2% | +$151K |
|
1992
Axcelis
ACLS
$4.03B
| $7.13M | ﹤0.01% |
289,802
+13,404
| +5% | +$352K |
|
|
ACIA
1993
DELISTED
Acacia Communications Inc
ACIA
| $7.12M | ﹤0.01% |
185,039
+3,373
| +2% | +$133K |
|
|
FFIC
1994
DELISTED
Flushing Financial
FFIC
| $7.11M | ﹤0.01% |
263,711
+6,460
| +3% | +$179K |
|
1995
Kforce
KFRC
$1.03B
| $7.08M | ﹤0.01% |
261,958
+12,037
| +5% | +$324K |
|
1996
TG Therapeutics
TGTX
$7.96B
| $7.08M | ﹤0.01% |
498,251
+35,981
| +8% | +$460K |
|
1997
Universal Electronics
UEIC
$57.8M
| $7.05M | ﹤0.01% |
135,557
+3,117
| +2% | +$152K |
|
1998
Comtech Telecommunications
CMTL
$49.7M
| $7.05M | ﹤0.01% |
235,865
+26,834
| +13% | +$647K |
|
|
AYX
1999
DELISTED
Alteryx Inc
AYX
| $7.04M | ﹤0.01% |
206,163
+2,962
| +1% | +$92.3K |
|
2000
Banc of California
BANC
$3.05B
| $7.02M | ﹤0.01% |
363,559
-10,006
| -3% | -$203K |
|
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.