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 | |
|---|---|---|---|---|---|---|
|
AFAM
2026
DELISTED
Almost Family Inc
AFAM
| $6.78M | ﹤0.01% |
121,096
+12,341
| +11% | +$710K |
|
|
XCRA
2027
DELISTED
Xcerra Corporation
XCRA
| $6.76M | ﹤0.01% |
580,764
+107,049
| +23% | +$1.11M |
|
|
ASAP
2028
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
| $6.76M | ﹤0.01% |
33,679
+20,240
| +151% | +$4.05M |
|
|
DHIL
2029
DELISTED
Diamond Hill
DHIL
| $6.75M | ﹤0.01% |
32,684
+437
| +1% | +$91.1K |
|
2030
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $6.75M | ﹤0.01% |
+385,370
| New | +$6.94M |
|
2031
Lattice Semiconductor
LSCC
$18B
| $6.74M | ﹤0.01% |
1,209,836
-118,817
| -9% | -$723K |
|
|
SGY
2032
DELISTED
Stone Energy
SGY
| $6.73M | ﹤0.01% |
181,465
+3,160
| +2% | +$108K |
|
2033
American Public Education
APEI
$975M
| $6.73M | ﹤0.01% |
156,450
+18,569
| +13% | +$570K |
|
2034
Hamilton Lane
HLNE
$5.24B
| $6.71M | ﹤0.01% |
180,342
+29,692
| +20% | +$1.09M |
|
2035
iShares Currency Hedged MSCI Eurozone ETF
HEZU
$577M
| – | – |
0
| – | – |
|
|
BFS
2036
Saul Centers
BFS
$842M
| $6.68M | ﹤0.01% |
130,982
+5,528
| +4% | +$293K |
|
|
RPXC
2037
DELISTED
RPX Corporation
RPXC
| $6.67M | ﹤0.01% |
624,349
-235,722
| -27% | -$2.88M |
|
|
ECHO
2038
DELISTED
Echo Global Logistics, Inc.
ECHO
| $6.67M | ﹤0.01% |
241,802
+4,456
| +2% | +$125K |
|
|
CNSL
2039
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $6.65M | ﹤0.01% |
606,870
+1,543
| +0.3% | +$18.5K |
|
|
KND
2040
DELISTED
Kindred Healthcare
KND
| $6.64M | ﹤0.01% |
726,162
+15,546
| +2% | +$144K |
|
2041
MasterCraft Boat Holdings
MCFT
$582M
| $6.62M | ﹤0.01% |
262,808
-4,104
| -2% | -$99.1K |
|
2042
Barrett Business Services
BBSI
$979M
| $6.62M | ﹤0.01% |
319,540
+65,568
| +26% | +$1.19M |
|
2043
Ovintiv
OVV
$17.3B
| $6.61M | ﹤0.01% |
121,729
+17,932
| +17% | +$1.06M |
|
2044
German American Bancorp
GABC
$1.92B
| $6.59M | ﹤0.01% |
197,777
+6,785
| +4% | +$235K |
|
2045
Dime Commercial Bancshares
DCOM
$1.82B
| $6.57M | ﹤0.01% |
195,954
+4,921
| +3% | +$170K |
|
2046
Shopify
SHOP
$152B
| $6.57M | ﹤0.01% |
+533,820
| New | +$6.91M |
|
|
NEX
2047
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $6.55M | ﹤0.01% |
442,741
+172,590
| +64% | +$2.82M |
|
|
INOV
2048
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
| $6.55M | ﹤0.01% |
618,077
+30,974
| +5% | +$388K |
|
2049
Camden National
CAC
$1B
| $6.54M | ﹤0.01% |
146,997
+4,067
| +3% | +$176K |
|
|
CARB
2050
DELISTED
Carbonite Inc
CARB
| $6.54M | ﹤0.01% |
227,007
+4,696
| +2% | +$126K |
|
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.