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 |
Sherwin-Williams
SHW
|
+$1.65B |
| 2 |
Microsoft
MSFT
|
+$565M |
| 3 |
Amazon
AMZN
|
+$452M |
| 4 |
NXP Semiconductors
NXPI
|
+$315M |
| 5 |
International Flavors & Fragrances
IFF
|
+$310M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$220M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$186M |
| 3 |
Booking.com
BKNG
|
+$117M |
| 4 |
EV
Eaton Vance Corp.
EV
|
+$104M |
| 5 |
Moody's
MCO
|
+$62.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.27% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.2% |
| 4 | Consumer Discretionary | 12.31% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
Martin Marietta Materials
MLM
$32.4B
| $378M | 0.06% |
1,127,485
+104,629
| +10% | +$33.4M |
|
327
Qorvo
QRVO
$8.01B
| $377M | 0.06% |
2,067,881
+43,193
| +2% | +$7.58M |
|
328
Carnival Corporation Ltd
CCL
$38B
| $377M | 0.06% |
14,224,117
+1,154,701
| +9% | +$27.2M |
|
329
Church & Dwight Co
CHD
$23.1B
| $375M | 0.06% |
4,306,183
-329,737
| -7% | -$27.5M |
|
330
Northern Trust
NTRS
$22.4B
| $375M | 0.06% |
3,574,091
+83,685
| +2% | +$8.21M |
|
331
Enphase Energy
ENPH
$4.94B
| $373M | 0.06% |
2,308,252
+756,853
| +49% | +$136M |
|
332
Regions Financial
RF
$26.3B
| $373M | 0.06% |
18,102,916
+377,111
| +2% | +$7.37M |
|
333
Generac Holdings
GNRC
$11.3B
| $370M | 0.06% |
1,132,999
+334,177
| +42% | +$98.5M |
|
334
VeriSign
VRSN
$25.9B
| $369M | 0.06% |
1,859,453
+14,944
| +0.8% | +$2.94M |
|
335
Liberty Broadband Class C
LBRDK
$4.79B
| $367M | 0.06% |
2,447,548
+201,315
| +9% | +$30.5M |
|
336
Peloton Interactive
PTON
$2.76B
| $366M | 0.06% |
3,260,172
+368,742
| +13% | +$48.9M |
|
337
Edison International
EIX
$30.3B
| $366M | 0.06% |
6,259,730
+141,133
| +2% | +$8.28M |
|
338
West Pharmaceutical
WST
$23.9B
| $365M | 0.06% |
1,298,548
+41,626
| +3% | +$11.9M |
|
339
Western Digital
WDC
$184B
| $364M | 0.06% |
7,234,908
+158,919
| +2% | +$7.43M |
|
340
Essex Property Trust
ESS
$18.1B
| $362M | 0.06% |
1,335,731
+10,387
| +0.8% | +$2.69M |
|
341
Equifax
EFX
$20.7B
| $361M | 0.06% |
2,000,799
+52,342
| +3% | +$9.25M |
|
342
Citizens Financial Group
CFG
$30.3B
| $361M | 0.06% |
8,189,318
+716,986
| +10% | +$29.8M |
|
343
Tractor Supply
TSCO
$15.8B
| $360M | 0.06% |
10,181,890
+245,610
| +2% | +$7.84M |
|
344
Ameren
AEE
$30.1B
| $358M | 0.05% |
4,417,420
+169,244
| +4% | +$12.7M |
|
345
CarMax
KMX
$8.33B
| $357M | 0.05% |
2,702,212
+44,139
| +2% | +$5.37M |
|
346
M&T Bank
MTB
$35.8B
| $356M | 0.05% |
2,355,807
+95,364
| +4% | +$14.1M |
|
347
Extra Space Storage
EXR
$31.3B
| $356M | 0.05% |
2,692,613
+119,213
| +5% | +$14.4M |
|
348
PENN Entertainment
PENN
$2.75B
| $355M | 0.05% |
3,386,546
+972,871
| +40% | +$108M |
|
349
Take-Two Interactive
TTWO
$46.3B
| $354M | 0.05% |
2,007,960
+59,621
| +3% | +$11.3M |
|
350
Trimble
TRMB
$13.3B
| $352M | 0.05% |
4,541,210
+1,445,343
| +47% | +$104M |
|
Similar funds
Geode Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Geode Capital Management held 4,537 positions worth $654B, up 9.7% from $596B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management deployed $22.8B of net new capital in Q1 2021, opening 282 new positions and adding to 3,569 existing holdings. Its largest new stake was Texas Pacific Land: 546,273 shares worth $96.5M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $220M trimmed.
- Geode Capital Management's largest Q1 2021 buy was Texas Pacific Land: 546,273 shares worth $96.5M.
- Geode Capital Management added most to Sherwin-Williams in Q1 2021, an estimated $1.65B increase.
- Geode Capital Management's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $220M.
- Geode Capital Management fully exited CONCHO RESOURCES INC. in Q1 2021, selling an estimated $186M.
- Geode Capital Management's ten largest holdings make up 21% of its $654B portfolio in Q1 2021.
- Geode Capital Management opened 282 new positions and closed 88 in Q1 2021.
- Geode Capital Management's portfolio value rose 9.7% quarter-over-quarter to $654B.
Based on Geode Capital Management's 13F filing for Q1 2021, filed 12 May 2021.