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 | 18.72% |
| 2 | Financials | 14.98% |
| 3 | Healthcare | 14.49% |
| 4 | Consumer Discretionary | 10.5% |
| 5 | Industrials | 9.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Microsoft
MSFT
$3.97T
| $11.9B | 3.1% |
101,479,425
+1,396,194
| +1% | +$152M |
2013 Q2
23 quarters
|
|
|
2
Apple
AAPL
$4.91T
| $11.6B | 3% |
244,255,248
+10,597,600
| +5% | +$450M |
2013 Q2
23 quarters
|
|
|
3
Amazon
AMZN
$2.83T
| $9.51B | 2.46% |
106,972,120
+5,748,940
| +6% | +$478M |
2013 Q2
23 quarters
|
|
|
4
Meta Platforms (Facebook)
META
$1.83T
| $5.15B | 1.33% |
30,962,815
-809,384
| -3% | -$129M |
2013 Q2
23 quarters
|
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.1T
| $5.1B | 1.32% |
25,450,246
+2,119,263
| +9% | +$428M |
2013 Q2
23 quarters
|
|
6
Johnson & Johnson
JNJ
$630B
| $5B | 1.3% |
35,840,332
-524,542
| -1% | -$70.3M |
2013 Q2
23 quarters
|
|
7
Alphabet (Google) Class A
GOOGL
$4.3T
| $4.7B | 1.22% |
80,038,480
+3,533,520
| +5% | +$199M |
2015 Q4
13 quarters
|
|
|
8
Alphabet (Google) Class C
GOOG
$4.25T
| $4.67B | 1.21% |
79,744,320
+845,820
| +1% | +$47.5M |
2013 Q2
23 quarters
|
|
9
ExxonMobil
XOM
$695B
| $4.59B | 1.19% |
56,860,401
+4,664,609
| +9% | +$356M |
2013 Q2
23 quarters
|
|
10
JPMorgan Chase
JPM
$885B
| $4.28B | 1.11% |
42,328,692
+1,739,528
| +4% | +$179M |
2013 Q2
23 quarters
|
|
11
Visa
V
$724B
| $3.89B | 1.01% |
24,919,103
+1,407,421
| +6% | +$203M |
2013 Q2
23 quarters
|
|
12
Procter & Gamble
PG
$351B
| $3.68B | 0.95% |
35,401,794
+556,020
| +2% | +$54.1M |
2013 Q2
23 quarters
|
|
13
Pfizer
PFE
$161B
| $3.56B | 0.92% |
88,547,434
+9,277,242
| +12% | +$372M |
2013 Q2
23 quarters
|
|
14
Intel
INTC
$553B
| $3.47B | 0.9% |
64,650,472
-1,545,222
| -2% | -$78.4M |
2013 Q2
23 quarters
|
|
15
Verizon
VZ
$173B
| $3.41B | 0.88% |
57,723,276
+3,213,280
| +6% | +$182M |
2013 Q2
23 quarters
|
|
|
16
Cisco
CSCO
$467B
| $3.33B | 0.86% |
61,837,880
-2,668,198
| -4% | -$130M |
2013 Q2
23 quarters
|
|
17
Bank of America
BAC
$380B
| $3.21B | 0.83% |
116,677,555
+1,983,080
| +2% | +$56M |
2013 Q2
23 quarters
|
|
18
Merck
MRK
$359B
| $3.14B | 0.81% |
39,673,416
+4,007,496
| +11% | +$300M |
2013 Q2
23 quarters
|
|
19
Chevron
CVX
$416B
| $3.12B | 0.81% |
25,381,753
+1,115,197
| +5% | +$132M |
2013 Q2
23 quarters
|
|
20
AT&T
T
$152B
| $3.11B | 0.8% |
131,312,821
+8,455,109
| +7% | +$194M |
2013 Q2
23 quarters
|
|
21
UnitedHealth
UNH
$340B
| $3.06B | 0.79% |
12,390,059
+796,658
| +7% | +$203M |
2013 Q2
23 quarters
|
|
22
Mastercard
MA
$516B
| $2.98B | 0.77% |
12,692,989
+260,992
| +2% | +$56.1M |
2013 Q2
23 quarters
|
|
|
23
Home Depot
HD
$290B
| $2.97B | 0.77% |
15,472,926
+2,201,963
| +17% | +$404M |
2013 Q2
23 quarters
|
|
24
Wells Fargo
WFC
$253B
| $2.57B | 0.67% |
53,228,171
+1,591,803
| +3% | +$78.3M |
2013 Q2
23 quarters
|
|
25
Comcast
CMCSA
$73.3B
| $2.56B | 0.66% |
64,130,347
+430,844
| +0.7% | +$16.2M |
2013 Q2
23 quarters
|
|
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 $18B of net new capital in Q1 2019, opening 97 new positions and adding to 3,169 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 19% 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.