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 | |
|---|---|---|---|---|---|---|
2151
Talos Energy
TALO
$2.4B
| $6.56M | ﹤0.01% |
246,951
+25,148
| +11% | +$545K |
|
|
ATNX
2152
DELISTED
Athenex, Inc. Common Stock
ATNX
| $6.56M | ﹤0.01% |
26,775
+2,292
| +9% | +$559K |
|
2153
Mercantile Bank Corp
MBWM
$1.05B
| $6.55M | ﹤0.01% |
200,140
+19,084
| +11% | +$633K |
|
2154
Waterstone Financial
WSBF
$375M
| $6.51M | ﹤0.01% |
395,707
+27,667
| +8% | +$459K |
|
2155
FB Financial Corp
FBK
$3.04B
| $6.5M | ﹤0.01% |
204,558
+29,044
| +17% | +$1M |
|
|
ARQL
2156
DELISTED
Arqule Inc
ARQL
| $6.49M | ﹤0.01% |
1,354,555
+167,434
| +14% | +$646K |
|
2157
Plug Power
PLUG
$3.04B
| $6.49M | ﹤0.01% |
2,702,811
+221,455
| +9% | +$386K |
|
2158
PC Connection
CNXN
$2.12B
| $6.47M | ﹤0.01% |
176,472
+21,028
| +14% | +$756K |
|
|
WAIR
2159
DELISTED
WESCO Aircraft Holdings Inc.
WAIR
| $6.46M | ﹤0.01% |
735,007
+89,669
| +14% | +$738K |
|
2160
Smith & Wesson
SWBI
$637M
| $6.46M | ﹤0.01% |
899,463
+106,375
| +13% | +$964K |
|
2161
Donnelley Financial Solutions
DFIN
$1.16B
| $6.42M | ﹤0.01% |
431,292
+40,750
| +10% | +$612K |
|
2162
CytomX Therapeutics
CTMX
$754M
| $6.42M | ﹤0.01% |
596,814
+29,913
| +5% | +$442K |
|
|
SAFE
2163
Safehold
SAFE
$1.15B
| $6.41M | ﹤0.01% |
156,283
+11,154
| +8% | +$492K |
|
2164
Par Pacific Holdings
PARR
$3.32B
| $6.4M | ﹤0.01% |
359,542
+52,932
| +17% | +$877K |
|
|
RC
2165
Ready Capital
RC
$308M
| $6.4M | ﹤0.01% |
436,443
+220,228
| +102% | +$3.36M |
|
|
FFWM
2166
DELISTED
First Foundation Inc
FFWM
| $6.4M | ﹤0.01% |
471,649
+50,070
| +12% | +$724K |
|
2167
Ambarella
AMBA
$3.81B
| $6.39M | ﹤0.01% |
147,983
+15,843
| +12% | +$627K |
|
2168
Independent Bank Corp
IBCP
$844M
| $6.38M | ﹤0.01% |
296,687
+24,872
| +9% | +$559K |
|
|
KE
2169
Kimball Electronics
KE
$628M
| $6.38M | ﹤0.01% |
411,698
+29,600
| +8% | +$476K |
|
2170
Veeco
VECO
$3.23B
| $6.37M | ﹤0.01% |
587,919
+22,259
| +4% | +$230K |
|
|
KREF
2171
KKR Real Estate Finance Trust
KREF
$499M
| $6.36M | ﹤0.01% |
317,517
-112
| -0% | -$2.27K |
|
2172
Koppers
KOP
$969M
| $6.35M | ﹤0.01% |
244,424
+29,243
| +14% | +$688K |
|
2173
Ennis
EBF
$564M
| $6.35M | ﹤0.01% |
305,849
+23,393
| +8% | +$482K |
|
|
CHS
2174
DELISTED
Chicos FAS, Inc.
CHS
| $6.34M | ﹤0.01% |
1,485,356
+182,471
| +14% | +$1.01M |
|
|
ORBC
2175
DELISTED
ORBCOMM, Inc.
ORBC
| $6.32M | ﹤0.01% |
932,707
+73,997
| +9% | +$591K |
|
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.