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 | |
|---|---|---|---|---|---|---|
2426
Miller Industries
MLR
$619M
| $4.05M | ﹤0.01% |
131,213
+13,286
| +11% | +$412K |
|
2427
Ring Energy
REI
$339M
| $4.02M | ﹤0.01% |
685,377
+88,200
| +15% | +$524K |
|
|
LGTY
2428
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $4.01M | ﹤0.01% |
335,901
+20,521
| +7% | +$231K |
|
|
SWCH
2429
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $4.01M | ﹤0.01% |
388,814
+30,597
| +9% | +$266K |
|
|
CHMI
2430
Cherry Hill Mortgage Investment Corp
CHMI
$88.5M
| $4M | ﹤0.01% |
232,050
-33,561
| -13% | -$616K |
|
2431
Merchants Bancorp
MBIN
$2.49B
| $3.99M | ﹤0.01% |
278,454
+1,812
| +0.7% | +$25K |
|
2432
Hooker Furnishings Corp
HOFT
$166M
| $3.98M | ﹤0.01% |
138,118
+7,016
| +5% | +$206K |
|
|
PRNB
2433
DELISTED
Principia Biopharma Inc. Common Stock
PRNB
| $3.98M | ﹤0.01% |
117,006
+5,424
| +5% | +$173K |
|
|
CNR
2434
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $3.98M | ﹤0.01% |
645,695
+97,290
| +18% | +$714K |
|
2435
Elbit Systems
ESLT
$40.3B
| $3.97M | ﹤0.01% |
30,793
+360
| +1% | +$45.8K |
|
2436
SFL Corp
SFL
$1.61B
| $3.97M | ﹤0.01% |
321,407
+39,097
| +14% | +$473K |
|
2437
Citi Trends
CTRN
$605M
| $3.96M | ﹤0.01% |
205,180
+18,731
| +10% | +$384K |
|
2438
Goosehead Insurance
GSHD
$2.32B
| $3.95M | ﹤0.01% |
141,657
+33,276
| +31% | +$953K |
|
|
EMCI
2439
DELISTED
EMC INS Group Inc
EMCI
| $3.94M | ﹤0.01% |
123,608
+3,380
| +3% | +$108K |
|
2440
Sterling Infrastructure
STRL
$16.7B
| $3.94M | ﹤0.01% |
314,472
+37,486
| +14% | +$498K |
|
|
EGLE
2441
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $3.93M | ﹤0.01% |
120,782
+13,297
| +12% | +$431K |
|
2442
Vera Bradley
VRA
$98.7M
| $3.93M | ﹤0.01% |
296,475
+38,833
| +15% | +$397K |
|
2443
Tucows
TCX
$175M
| $3.91M | ﹤0.01% |
48,184
+4,758
| +11% | +$346K |
|
|
FTSI
2444
DELISTED
FTS International, Inc. Common Stock
FTSI
| $3.91M | ﹤0.01% |
19,555
+1,196
| +7% | +$214K |
|
2445
VSE Corp
VSEC
$6.12B
| $3.89M | ﹤0.01% |
123,317
+10,853
| +10% | +$353K |
|
2446
Eastern Company
EML
$150M
| $3.86M | ﹤0.01% |
2,141,078
+2,083,257
| +3,603% | +$56.7M |
|
|
AFI
2447
DELISTED
Armstrong Flooring, Inc.
AFI
| $3.86M | ﹤0.01% |
283,757
+32,211
| +13% | +$440K |
|
2448
NN Inc
NNBR
$311M
| $3.85M | ﹤0.01% |
514,090
+53,583
| +12% | +$475K |
|
|
ORC
2449
Orchid Island Capital
ORC
$1.31B
| $3.85M | ﹤0.01% |
116,945
+3,190
| +3% | +$109K |
|
2450
Heritage Insurance Holdings
HRTG
$991M
| $3.85M | ﹤0.01% |
263,461
+11,623
| +5% | +$172K |
|
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.