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 | |
|---|---|---|---|---|---|---|
|
MITT
2101
TPG Mortgage Investment Trust
MITT
$225M
| $7.07M | ﹤0.01% |
139,970
+34,704
| +33% | +$1.82M |
|
2102
Imperial Oil
IMO
$60.4B
| $7.07M | ﹤0.01% |
260,239
-15,358
| -6% | -$418K |
|
|
BFYT
2103
DELISTED
Benefytt Technologies, Inc. Class A Common Stock
BFYT
| $7.06M | ﹤0.01% |
263,269
+39,016
| +17% | +$1.38M |
|
2104
Schneider National
SNDR
$6.25B
| $7.03M | ﹤0.01% |
334,145
+10,526
| +3% | +$225K |
|
2105
Brown-Forman Class A
BF.A
$13.3B
| $7.01M | ﹤0.01% |
136,978
+10,135
| +8% | +$492K |
|
|
AXDX
2106
DELISTED
Accelerate Diagnostics
AXDX
| $6.97M | ﹤0.01% |
33,164
+2,378
| +8% | +$446K |
|
|
SPTN
2107
DELISTED
SpartanNash
SPTN
| $6.96M | ﹤0.01% |
438,475
-43,334
| -9% | -$832K |
|
|
CIR
2108
DELISTED
CIRCOR International, Inc
CIR
| $6.95M | ﹤0.01% |
213,103
+17,967
| +9% | +$525K |
|
2109
Copa Holdings
CPA
$5.8B
| $6.93M | ﹤0.01% |
86,000
+1,282
| +2% | +$113K |
|
2110
Quad
QUAD
$525M
| $6.93M | ﹤0.01% |
582,524
+42,788
| +8% | +$574K |
|
2111
Ecovyst
ECVT
$1.14B
| $6.93M | ﹤0.01% |
456,657
+62,076
| +16% | +$951K |
|
2112
Dime Commercial Bancshares
DCOM
$1.78B
| $6.91M | ﹤0.01% |
235,952
+11,513
| +5% | +$349K |
|
2113
Rhythm Pharmaceuticals
RYTM
$7.96B
| $6.91M | ﹤0.01% |
252,017
+18,123
| +8% | +$521K |
|
2114
Future Fuel
FF
$223M
| $6.88M | ﹤0.01% |
513,713
+26,350
| +5% | +$447K |
|
|
HOME
2115
DELISTED
At Home Group Inc.
HOME
| $6.88M | ﹤0.01% |
385,435
+50,207
| +15% | +$1.11M |
|
2116
Intellia Therapeutics
NTLA
$1.67B
| $6.87M | ﹤0.01% |
402,359
+42,880
| +12% | +$639K |
|
2117
Peoples Bancorp
PEBO
$1.47B
| $6.87M | ﹤0.01% |
221,882
+15,491
| +8% | +$497K |
|
2118
Banc of California
BANC
$2.97B
| $6.87M | ﹤0.01% |
496,290
+67,997
| +16% | +$1.02M |
|
2119
KLX Energy Services
KLXE
$42.3M
| $6.85M | ﹤0.01% |
54,526
+2,684
| +5% | +$356K |
|
2120
Buckle
BKE
$2.37B
| $6.84M | ﹤0.01% |
365,244
+35,686
| +11% | +$652K |
|
2121
PagSeguro Digital
PAGS
$2.55B
| $6.84M | ﹤0.01% |
+229,022
| New | +$5.71M |
|
2122
Pathward Financial
CASH
$1.8B
| $6.83M | ﹤0.01% |
347,316
+13,482
| +4% | +$295K |
|
|
AKCA
2123
DELISTED
Akcea Therapeutics Inc
AKCA
| $6.82M | ﹤0.01% |
240,797
+15,763
| +7% | +$459K |
|
2124
LeMaitre Vascular
LMAT
$1.86B
| $6.8M | ﹤0.01% |
219,481
+18,985
| +9% | +$507K |
|
|
NVEE
2125
DELISTED
NV5 Global
NVEE
| $6.79M | ﹤0.01% |
457,764
+23,044
| +5% | +$397K |
|
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.