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 | |
|---|---|---|---|---|---|---|
2201
Zumiez
ZUMZ
$339M
| $6.02M | ﹤0.01% |
241,882
+30,053
| +14% | +$713K |
|
2202
Midland States Bancorp
MSBI
$695M
| $6M | ﹤0.01% |
249,344
+14,371
| +6% | +$348K |
|
2203
Anika Therapeutics
ANIK
$287M
| $5.98M | ﹤0.01% |
197,654
+19,420
| +11% | +$665K |
|
2204
National CineMedia
NCMI
$378M
| $5.96M | ﹤0.01% |
84,591
+6,281
| +8% | +$450K |
|
|
WLH
2205
DELISTED
WILLIAM LYON HOMES
WLH
| $5.96M | ﹤0.01% |
387,853
+22,297
| +6% | +$307K |
|
2206
NRC Health Common Stock
NRC
$450M
| $5.96M | ﹤0.01% |
154,403
+18,097
| +13% | +$709K |
|
|
SNR
2207
DELISTED
NEW SENIOR INVESTMENT GROUP INC.
SNR
| $5.94M | ﹤0.01% |
1,090,558
+76,467
| +8% | +$391K |
|
|
LORL
2208
DELISTED
Loral Space and Communications, Inc.
LORL
| $5.94M | ﹤0.01% |
164,799
+11,743
| +8% | +$447K |
|
2209
Ezcorp Inc
EZPW
$1.71B
| $5.94M | ﹤0.01% |
637,275
+54,479
| +9% | +$514K |
|
|
GMS
2210
DELISTED
GMS Inc
GMS
| $5.91M | ﹤0.01% |
391,130
+32,261
| +9% | +$583K |
|
2211
Mercer International
MERC
$39.8M
| $5.91M | ﹤0.01% |
437,171
-55,254
| -11% | -$760K |
|
|
WCN
2212
Waste Connections
WCN
$42B
| $5.89M | ﹤0.01% |
65,641
-3,889
| -6% | -$321K |
|
2213
Republic Bancorp
RBCAA
$1.95B
| $5.89M | ﹤0.01% |
131,634
+11,438
| +10% | +$485K |
|
2214
Icon
ICLR
$12.7B
| $5.88M | ﹤0.01% |
43,090
+2,046
| +5% | +$279K |
|
|
JOBS
2215
DELISTED
51job Inc
JOBS
| $5.87M | ﹤0.01% |
75,711
+4,494
| +6% | +$312K |
|
|
CPRX
2216
DELISTED
Catalyst Pharmaceutical
CPRX
| $5.85M | ﹤0.01% |
1,146,422
+82,654
| +8% | +$243K |
|
|
WMC
2217
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $5.84M | ﹤0.01% |
57,129
+7,818
| +16% | +$770K |
|
|
BGG
2218
DELISTED
Briggs & Stratton Corp.
BGG
| $5.84M | ﹤0.01% |
493,884
+38,862
| +9% | +$505K |
|
2219
Nice
NICE
$5.97B
| $5.83M | ﹤0.01% |
47,619
+3,796
| +9% | +$428K |
|
|
CTRL
2220
DELISTED
Control4 Corporation
CTRL
| $5.83M | ﹤0.01% |
344,294
+37,634
| +12% | +$679K |
|
2221
Rocket Pharmaceuticals
RCKT
$394M
| $5.81M | ﹤0.01% |
331,154
+34,122
| +11% | +$539K |
|
|
RST
2222
DELISTED
ROSETTA STONE INC
RST
| $5.8M | ﹤0.01% |
265,683
+35,047
| +15% | +$611K |
|
2223
Harmonic Inc
HLIT
$1.28B
| $5.8M | ﹤0.01% |
1,069,623
+76,035
| +8% | +$403K |
|
|
HTBK
2224
DELISTED
Heritage Commerce
HTBK
| $5.79M | ﹤0.01% |
478,674
+42,903
| +10% | +$560K |
|
2225
Peapack-Gladstone Financial
PGC
$812M
| $5.78M | ﹤0.01% |
220,582
+21,647
| +11% | +$594K |
|
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.