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 |
Apple
AAPL
|
+$499M |
| 2 |
Microsoft
MSFT
|
+$376M |
| 3 |
Amazon
AMZN
|
+$286M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$248M |
| 2 |
LPT
Liberty Property Trust
LPT
|
+$148M |
| 3 |
Procter & Gamble
PG
|
+$122M |
| 4 |
Visa
V
|
+$92.4M |
| 5 |
MDCO
Medicines Co
MDCO
|
+$89.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.12% |
| 2 | Healthcare | 15.34% |
| 3 | Financials | 13.68% |
| 4 | Consumer Discretionary | 9.77% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
276
Extra Space Storage
EXR
$31.3B
| $250M | 0.07% |
2,617,018
+8,606
| +0.3% | +$896K |
|
277
Corning
GLW
$119B
| $249M | 0.07% |
12,151,043
+479,204
| +4% | +$12.5M |
|
278
Ameriprise Financial
AMP
$48.3B
| $249M | 0.06% |
2,433,664
+45,786
| +2% | +$6.78M |
|
279
CoStar Group
CSGP
$11.7B
| $249M | 0.06% |
4,239,660
+64,580
| +2% | +$4.21M |
|
280
Corpay
CPAY
$25B
| $247M | 0.06% |
1,323,723
-7,738
| -0.6% | -$2.14M |
|
281
Kraft Heinz
KHC
$30.7B
| $245M | 0.06% |
9,907,942
+14,835
| +0.1% | +$407K |
|
282
Align Technology
ALGN
$12.1B
| $245M | 0.06% |
1,407,553
+68,273
| +5% | +$16.3M |
|
|
GRMN
283
Garmin
GRMN
$56.7B
| $241M | 0.06% |
3,225,560
+80,991
| +3% | +$7.33M |
|
284
Mid-America Apartment Communities
MAA
$15.4B
| $241M | 0.06% |
2,341,241
+5,474
| +0.2% | +$711K |
|
285
Cardinal Health
CAH
$53.9B
| $241M | 0.06% |
5,023,858
+67,806
| +1% | +$3.52M |
|
|
DRE
286
DELISTED
Duke Realty Corp.
DRE
| $240M | 0.06% |
7,433,557
+132,580
| +2% | +$4.54M |
|
287
VF Corp
VFC
$5.63B
| $240M | 0.06% |
4,444,985
+64,096
| +1% | +$5M |
|
288
Southwest Airlines
LUV
$22B
| $239M | 0.06% |
6,711,418
-13,449
| -0.2% | -$667K |
|
289
Healthpeak Properties
DOC
$15.1B
| $238M | 0.06% |
10,000,874
+164,472
| +2% | +$5.36M |
|
290
Akamai
AKAM
$16.7B
| $238M | 0.06% |
2,603,448
+64,939
| +3% | +$6.02M |
|
291
Stanley Black & Decker
SWK
$14.3B
| $237M | 0.06% |
2,378,015
+40,927
| +2% | +$5.85M |
|
|
TIF
292
DELISTED
Tiffany & Co.
TIF
| $237M | 0.06% |
1,833,676
+99,300
| +6% | +$13.1M |
|
293
Delta Air Lines
DAL
$57.5B
| $236M | 0.06% |
8,287,518
+130,950
| +2% | +$6.49M |
|
294
Copart
CPRT
$27B
| $236M | 0.06% |
13,783,644
+217,408
| +2% | +$4.84M |
|
|
FRC
295
DELISTED
First Republic Bank
FRC
| $231M | 0.06% |
2,810,221
+128,322
| +5% | +$13.6M |
|
|
K
296
DELISTED
Kellanova
K
| $230M | 0.06% |
4,094,685
-30,433
| -0.7% | -$1.87M |
|
|
KSU
297
DELISTED
Kansas City Southern
KSU
| $228M | 0.06% |
1,797,147
+64,039
| +4% | +$9.77M |
|
298
Equifax
EFX
$20.3B
| $226M | 0.06% |
1,896,085
+83,177
| +5% | +$12.1M |
|
299
M&T Bank
MTB
$35.7B
| $226M | 0.06% |
2,186,279
+5,147
| +0.2% | +$757K |
|
|
SPLK
300
DELISTED
Splunk Inc
SPLK
| $224M | 0.06% |
1,774,839
+149,291
| +9% | +$22M |
|
Similar funds
Geode Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Geode Capital Management held 4,292 positions worth $384B, down 20% from $478B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management's Q1 2020 filing shows 103 new, 3,113 increased, 564 reduced and 177 closed positions. Its largest new stake was Perdoceo Education: 1,042,040 shares worth $11.2M. The largest sale was Wellcare Health Plans, Inc., an estimated $248M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2020 buy was Perdoceo Education: 1,042,040 shares worth $11.2M.
- Geode Capital Management added most to Apple in Q1 2020, an estimated $499M increase.
- Geode Capital Management's biggest Q1 2020 reduction was Procter & Gamble, cutting an estimated $122M.
- Geode Capital Management fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $248M.
- Geode Capital Management's ten largest holdings make up 21% of its $384B portfolio in Q1 2020.
- Geode Capital Management opened 103 new positions and closed 177 in Q1 2020.
- Geode Capital Management's portfolio value fell 20% quarter-over-quarter to $384B.
Based on Geode Capital Management's 13F filing for Q1 2020, filed 14 May 2020.