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 | |
|---|---|---|---|---|---|---|
2001
Comtech Telecommunications
CMTL
$51.8M
| $8.37M | ﹤0.01% |
360,496
+49,308
| +16% | +$1.22M |
|
2002
Telus
TU
$15.3B
| $8.36M | ﹤0.01% |
454,792
-562,176
| -55% | -$9.93M |
|
2003
Cass Information Systems
CASS
$743M
| $8.32M | ﹤0.01% |
175,936
+15,637
| +10% | +$801K |
|
|
RARX
2004
DELISTED
Ra Pharmaceuticals, Inc. Common Stock
RARX
| $8.32M | ﹤0.01% |
371,488
+63,974
| +21% | +$1.38M |
|
2005
Virtus Investment Partners
VRTS
$1.1B
| $8.31M | ﹤0.01% |
85,236
+3,901
| +5% | +$369K |
|
|
NE
2006
DELISTED
Noble Corporation
NE
| $8.24M | ﹤0.01% |
2,871,429
+345,916
| +14% | +$1.08M |
|
|
RDUS
2007
DELISTED
Radius Recycling
RDUS
| $8.21M | ﹤0.01% |
342,108
+23,661
| +7% | +$560K |
|
2008
Comscore
SCOR
$109M
| $8.19M | ﹤0.01% |
20,228
+1,263
| +7% | +$514K |
|
2009
Magnolia Oil & Gas
MGY
$5.94B
| $8.18M | ﹤0.01% |
681,701
+72,042
| +12% | +$877K |
|
|
GLDD
2010
DELISTED
Great Lakes Dredge & Dock
GLDD
| $8.13M | ﹤0.01% |
913,031
+144,341
| +19% | +$1.12M |
|
2011
Green Plains
GPRE
$1.03B
| $8.13M | ﹤0.01% |
487,161
+40,507
| +9% | +$607K |
|
2012
Southern Copper
SCCO
$166B
| $8.12M | ﹤0.01% |
222,133
+9,768
| +5% | +$312K |
|
2013
Camden National
CAC
$976M
| $8.09M | ﹤0.01% |
193,951
+15,394
| +9% | +$642K |
|
2014
RE/MAX Holdings
RMAX
$242M
| $8.09M | ﹤0.01% |
209,957
+26,545
| +14% | +$1.02M |
|
|
UBA
2015
DELISTED
Urstadt Biddle Properties Inc. Class A
UBA
| $8.08M | ﹤0.01% |
391,421
+33,362
| +9% | +$695K |
|
|
LION
2016
DELISTED
Fidelity Southern Corporation
LION
| $8.07M | ﹤0.01% |
294,696
+29,435
| +11% | +$877K |
|
|
TPC
2017
Tutor Perini Cor
TPC
$5.21B
| $8.06M | ﹤0.01% |
470,668
+47,624
| +11% | +$835K |
|
|
NFBK
2018
DELISTED
Northfield Bancorp
NFBK
| $8.05M | ﹤0.01% |
579,327
+36,237
| +7% | +$521K |
|
|
FFG
2019
DELISTED
FBL Financial Group
FFG
| $8.05M | ﹤0.01% |
128,341
+14,648
| +13% | +$1M |
|
|
GOOD
2020
Gladstone Commercial Corp
GOOD
$627M
| $8.04M | ﹤0.01% |
386,938
+20,263
| +6% | +$409K |
|
2021
Weis Markets
WMK
$1.86B
| $8.04M | ﹤0.01% |
196,910
+20,002
| +11% | +$941K |
|
|
INFN
2022
DELISTED
Infinera Corporation Common Stock
INFN
| $8.03M | ﹤0.01% |
1,850,999
+117,592
| +7% | +$542K |
|
2023
Photronics
PLAB
$1.93B
| $8.03M | ﹤0.01% |
849,974
+95,858
| +13% | +$971K |
|
2024
Gildan
GIL
$10.6B
| $8.03M | ﹤0.01% |
224,747
+23,900
| +12% | +$818K |
|
2025
Verra Mobility
VRRM
$744M
| $8.01M | ﹤0.01% |
672,868
-95,356
| -12% | -$987K |
|
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.