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 | |
|---|---|---|---|---|---|---|
2001
Helix Energy Solutions
HLX
$1.36B
| $7M | ﹤0.01% |
1,208,815
+69,959
| +6% | +$490K |
|
|
HMHC
2002
DELISTED
Houghton Mifflin Harcourt Company
HMHC
| $7M | ﹤0.01% |
1,006,825
+46,131
| +5% | +$365K |
|
|
AEGN
2003
DELISTED
Aegion Corp
AEGN
| $6.98M | ﹤0.01% |
304,813
+6,587
| +2% | +$159K |
|
2004
MiMedx Group
MDXG
$622M
| $6.98M | ﹤0.01% |
1,001,699
+64,118
| +7% | +$747K |
|
2005
Genesco
GCO
$435M
| $6.97M | ﹤0.01% |
171,688
+10,000
| +6% | +$371K |
|
2006
Shake Shack
SHAK
$2.61B
| $6.96M | ﹤0.01% |
167,306
+3,538
| +2% | +$147K |
|
|
GTY
2007
Getty Realty Corp
GTY
$2.1B
| $6.96M | ﹤0.01% |
276,007
+12,531
| +5% | +$313K |
|
|
FLXN
2008
DELISTED
Flexion Therapeutics, Inc.
FLXN
| $6.94M | ﹤0.01% |
309,786
+5,828
| +2% | +$142K |
|
2009
Anika Therapeutics
ANIK
$277M
| $6.93M | ﹤0.01% |
139,478
+3,010
| +2% | +$170K |
|
|
BRSL
2010
Brightstar Lottery PLC
BRSL
$1.86B
| $6.93M | ﹤0.01% |
259,193
+13,255
| +5% | +$368K |
|
2011
Forum Energy Technologies
FET
$791M
| $6.92M | ﹤0.01% |
31,479
+563
| +2% | +$157K |
|
|
BOLD
2012
DELISTED
Audentes Therapeutics, Inc
BOLD
| $6.92M | ﹤0.01% |
230,250
+28,126
| +14% | +$952K |
|
|
NFBK
2013
DELISTED
Northfield Bancorp
NFBK
| $6.92M | ﹤0.01% |
443,232
+11,494
| +3% | +$188K |
|
2014
Live Oak Bancshares
LOB
$2.03B
| $6.91M | ﹤0.01% |
248,517
+4,858
| +2% | +$128K |
|
|
GTHX
2015
DELISTED
G1 Therapeutics, Inc. Common Stock
GTHX
| $6.89M | ﹤0.01% |
185,977
+91,611
| +97% | +$2.44M |
|
|
CSII
2016
DELISTED
Cardiovascular Systems, Inc.
CSII
| $6.88M | ﹤0.01% |
313,844
+15,150
| +5% | +$364K |
|
2017
Red Robin
RRGB
$150M
| $6.88M | ﹤0.01% |
118,626
+2,509
| +2% | +$140K |
|
2018
Triumph Financial Inc
TFIN
$1.83B
| $6.87M | ﹤0.01% |
166,787
+2,589
| +2% | +$101K |
|
|
APTI
2019
DELISTED
Apptio, Inc. Class A Common Stock
APTI
| $6.87M | ﹤0.01% |
242,480
+128,580
| +113% | +$3.45M |
|
|
ITG
2020
DELISTED
Investment Technology Group Inc
ITG
| $6.85M | ﹤0.01% |
347,110
-5,758
| -2% | -$117K |
|
|
PEI
2021
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
| $6.85M | ﹤0.01% |
47,333
+75
| +0.2% | +$12K |
|
|
DF
2022
DELISTED
Dean Foods Company
DF
| $6.81M | ﹤0.01% |
790,088
-163,001
| -17% | -$1.61M |
|
|
GBNK
2023
DELISTED
Guaranty Bancorp
GBNK
| $6.81M | ﹤0.01% |
240,085
+5,774
| +2% | +$164K |
|
2024
Liberty Media Series A
FWONA
$22.4B
| $6.8M | ﹤0.01% |
242,497
-342
| -0.1% | -$10.7K |
|
|
TRUE
2025
DELISTED
TrueCar
TRUE
| $6.79M | ﹤0.01% |
717,832
+47,592
| +7% | +$530K |
|
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.