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 | |
|---|---|---|---|---|---|---|
2026
Calix
CALX
$2.39B
| $8.01M | ﹤0.01% |
1,039,808
+57,108
| +6% | +$504K |
|
|
CCF
2027
DELISTED
Chase Corporation
CCF
| $7.99M | ﹤0.01% |
86,309
+5,155
| +6% | +$491K |
|
2028
Appian
APPN
$2.48B
| $7.96M | ﹤0.01% |
231,327
+37,373
| +19% | +$1.26M |
|
2029
Axcelis
ACLS
$4.33B
| $7.96M | ﹤0.01% |
395,792
+20,376
| +5% | +$414K |
|
|
CNP.PRB
2030
DELISTED
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
| – | – |
0
| – | – |
|
2031
Select Water Solutions
WTTR
$2.61B
| $7.94M | ﹤0.01% |
660,681
+71,821
| +12% | +$676K |
|
2032
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $7.92M | ﹤0.01% |
220,834
+31,224
| +16% | +$1.12M |
|
|
USCR
2033
DELISTED
U S Concrete, Inc.
USCR
| $7.92M | ﹤0.01% |
191,231
+11,055
| +6% | +$424K |
|
2034
Gorman-Rupp
GRC
$2.21B
| $7.9M | ﹤0.01% |
232,889
+20,658
| +10% | +$696K |
|
2035
Modine Manufacturing
MOD
$10.4B
| $7.88M | ﹤0.01% |
567,786
+45,796
| +9% | +$642K |
|
|
TRUE
2036
DELISTED
TrueCar
TRUE
| $7.86M | ﹤0.01% |
1,183,942
+185,714
| +19% | +$1.55M |
|
|
NWLI
2037
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $7.85M | ﹤0.01% |
29,913
+2,318
| +8% | +$680K |
|
2038
Ingles Markets
IMKTA
$1.67B
| $7.84M | ﹤0.01% |
283,828
+12,791
| +5% | +$376K |
|
2039
Rayonier Advanced Materials
RYAM
$610M
| $7.83M | ﹤0.01% |
577,198
+39,670
| +7% | +$537K |
|
|
TVRD
2040
Tvardi Therapeutics
TVRD
$23.4M
| $7.81M | ﹤0.01% |
11,054
+823
| +8% | +$493K |
|
2041
ATN International
ATNI
$492M
| $7.79M | ﹤0.01% |
138,227
+7,703
| +6% | +$511K |
|
|
RAD
2042
DELISTED
Rite Aid Corporation
RAD
| $7.77M | ﹤0.01% |
611,870
+54,120
| +10% | +$835K |
|
|
PFC
2043
DELISTED
Premier Financial Corp. Common Stock
PFC
| $7.77M | ﹤0.01% |
270,301
+26,419
| +11% | +$763K |
|
|
GTS
2044
DELISTED
Triple-S Management Corporation
GTS
| $7.76M | ﹤0.01% |
357,510
+4,747
| +1% | +$96.6K |
|
|
PLAN
2045
DELISTED
Anaplan, Inc.
PLAN
| $7.74M | ﹤0.01% |
196,706
-14,894
| -7% | -$501K |
|
2046
ADT
ADT
$5.58B
| $7.74M | ﹤0.01% |
1,211,073
+99,537
| +9% | +$719K |
|
2047
Angi Inc
ANGI
$196M
| $7.73M | ﹤0.01% |
50,089
+5,309
| +12% | +$860K |
|
|
JAG
2048
DELISTED
Jagged Peak Energy Inc.
JAG
| $7.71M | ﹤0.01% |
736,328
+72,938
| +11% | +$754K |
|
2049
SunCoke Energy
SXC
$797M
| $7.71M | ﹤0.01% |
907,919
+141,940
| +19% | +$1.38M |
|
|
DO
2050
DELISTED
Diamond Offshore Drilling
DO
| $7.7M | ﹤0.01% |
734,449
+52,335
| +8% | +$553K |
|
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.