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 | |
|---|---|---|---|---|---|---|
2401
REX American Resources
REX
$1.41B
| $3.65M | ﹤0.01% |
301,134
+16,686
| +6% | +$228K |
|
|
GDEN
2402
DELISTED
Golden Entertainment
GDEN
| $3.65M | ﹤0.01% |
157,246
+61,109
| +64% | +$1.77M |
|
|
WMC
2403
DELISTED
Western Asset Mortgage Capital Corporation
WMC
| $3.64M | ﹤0.01% |
37,604
+402
| +1% | +$38.3K |
|
|
INWK
2404
DELISTED
InnerWorkings, Inc.
INWK
| $3.64M | ﹤0.01% |
401,917
+6,390
| +2% | +$60.5K |
|
2405
PC Connection
CNXN
$2.17B
| $3.63M | ﹤0.01% |
145,365
+749
| +0.5% | +$19.4K |
|
|
EGL
2406
DELISTED
Engility Holdings, Inc.
EGL
| $3.63M | ﹤0.01% |
148,975
+4,360
| +3% | +$114K |
|
|
MRLN
2407
DELISTED
Marlin Business Services Corp
MRLN
| $3.63M | ﹤0.01% |
127,991
-7,688
| -6% | -$197K |
|
2408
MarineMax
HZO
$770M
| $3.63M | ﹤0.01% |
186,476
-7,339
| -4% | -$151K |
|
2409
Team
TISI
$79.4M
| $3.61M | ﹤0.01% |
26,287
+620
| +2% | +$102K |
|
2410
Nice
NICE
$5.89B
| $3.61M | ﹤0.01% |
38,472
+961
| +3% | +$89.6K |
|
2411
Diageo
DEO
$49.2B
| $3.6M | ﹤0.01% |
26,613
+10,560
| +66% | +$1.47M |
|
2412
Logitech
LOGI
$15.1B
| $3.6M | ﹤0.01% |
98,108
+1,435
| +1% | +$55.6K |
|
|
MCA
2413
DELISTED
BLACKROCK MUNIYIELD CALIFORNIA QUALITY FUND, INC
MCA
| $3.59M | ﹤0.01% |
+269,886
| New | +$3.75M |
|
2414
CNB Financial Corp
CCNE
$1.05B
| $3.59M | ﹤0.01% |
123,331
+2,376
| +2% | +$66.7K |
|
|
BRS
2415
DELISTED
Bristow Group, Inc.
BRS
| $3.59M | ﹤0.01% |
275,866
+11,283
| +4% | +$168K |
|
2416
NVE Corp
NVEC
$575M
| $3.58M | ﹤0.01% |
43,110
+727
| +2% | +$58.9K |
|
|
TAHO
2417
DELISTED
Tahoe Resources Inc
TAHO
| $3.58M | ﹤0.01% |
761,996
+50,782
| +7% | +$232K |
|
2418
Entravision Communication
EVC
$1.02B
| $3.58M | ﹤0.01% |
761,268
+16,430
| +2% | +$106K |
|
|
STML
2419
DELISTED
Stemline Therapeutics, Inc.
STML
| $3.55M | ﹤0.01% |
232,314
+46,280
| +25% | +$721K |
|
|
FTSI
2420
DELISTED
FTS International, Inc. Common Stock
FTSI
| $3.53M | ﹤0.01% |
+9,601
| New | +$3.73M |
|
|
CCXI
2421
DELISTED
ChemoCentryx, Inc.
CCXI
| $3.53M | ﹤0.01% |
259,558
+21,606
| +9% | +$223K |
|
|
NXEOW
2422
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
| $3.53M | ﹤0.01% |
4,833,333
+291,045
| +6% | +$203K |
|
2423
Tejon Ranch
TRC
$457M
| $3.53M | ﹤0.01% |
152,643
+9,350
| +7% | +$207K |
|
2424
Voyager Therapeutics
VYGR
$179M
| $3.52M | ﹤0.01% |
187,582
+14,909
| +9% | +$322K |
|
2425
Bank of Marin Bancorp
BMRC
$478M
| $3.51M | ﹤0.01% |
101,744
+1,968
| +2% | +$68.2K |
|
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.