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
|
+$786M |
| 2 |
Apple
AAPL
|
+$564M |
| 3 |
Amazon
AMZN
|
+$486M |
| 4 |
Meta Platforms (Facebook)
META
|
+$331M |
| 5 |
Berkshire Hathaway Class B
BRK.B
|
+$327M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sherwin-Williams
SHW
|
+$1.88B |
| 2 |
Alibaba
BABA
|
+$1.21B |
| 3 |
Home Depot
HD
|
+$320M |
| 4 |
VAR
Varian Medical Systems, Inc.
VAR
|
+$274M |
| 5 |
FLIR
FLIR Systems, Inc. (DE) Common Stock
FLIR
|
+$135M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.98% |
| 2 | Financials | 13.87% |
| 3 | Healthcare | 13.39% |
| 4 | Consumer Discretionary | 11.81% |
| 5 | Communication Services | 10.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
326
United Rentals
URI
$67.4B
| $413M | 0.06% |
1,299,184
+41,863
| +3% | +$13.5M |
|
327
Teradyne
TER
$58.7B
| $411M | 0.06% |
3,074,402
-45,394
| -1% | -$5.81M |
|
328
Expedia Group
EXPE
$35.6B
| $409M | 0.06% |
2,508,021
+106,237
| +4% | +$18.2M |
|
329
CoStar Group
CSGP
$11.7B
| $408M | 0.06% |
4,939,735
+187,535
| +4% | +$16.2M |
|
330
Expeditors International
EXPD
$22.1B
| $408M | 0.06% |
3,233,956
+75,989
| +2% | +$8.97M |
|
331
Essex Property Trust
ESS
$18.3B
| $408M | 0.06% |
1,362,904
+27,173
| +2% | +$8.01M |
|
332
Dollar Tree
DLTR
$24.7B
| $408M | 0.06% |
4,110,611
-34,058
| -0.8% | -$3.7M |
|
333
Martin Marietta Materials
MLM
$32B
| $407M | 0.06% |
1,158,815
+31,330
| +3% | +$11.2M |
|
334
Qorvo
QRVO
$7.99B
| $404M | 0.06% |
2,070,427
+2,546
| +0.1% | +$470K |
|
335
Western Digital
WDC
$190B
| $401M | 0.06% |
7,473,341
+238,433
| +3% | +$12.9M |
|
336
McCormick & Company Non-Voting
MKC
$13.7B
| $397M | 0.05% |
4,508,500
+129,738
| +3% | +$11.6M |
|
337
Carnival Corporation Ltd
CCL
$38B
| $397M | 0.05% |
15,094,586
+870,469
| +6% | +$24.4M |
|
338
Hartford Financial Services
HIG
$39.1B
| $395M | 0.05% |
6,387,805
+139,160
| +2% | +$9.12M |
|
339
Citizens Financial Group
CFG
$30.3B
| $394M | 0.05% |
8,617,144
+427,826
| +5% | +$20.2M |
|
340
Mid-America Apartment Communities
MAA
$15.5B
| $394M | 0.05% |
2,346,096
+45,063
| +2% | +$7.18M |
|
341
Huntington Bancshares
HBAN
$34.5B
| $393M | 0.05% |
27,622,097
+9,119,830
| +49% | +$140M |
|
342
Halliburton
HAL
$27B
| $388M | 0.05% |
16,838,874
+995,941
| +6% | +$22.1M |
|
|
PPL
343
PPL Corp
PPL
$26.5B
| $387M | 0.05% |
13,841,315
-55,511
| -0.4% | -$1.6M |
|
344
Teledyne Technologies
TDY
$30.7B
| $386M | 0.05% |
923,625
+300,549
| +48% | +$128M |
|
345
Nasdaq
NDAQ
$52.7B
| $385M | 0.05% |
6,587,514
+135,168
| +2% | +$7.44M |
|
346
Okta
OKTA
$24.6B
| $385M | 0.05% |
1,574,376
+87,755
| +6% | +$21.2M |
|
347
Caesars Entertainment
CZR
$6.06B
| $383M | 0.05% |
3,705,295
-712,309
| -16% | -$71.9M |
|
348
Tractor Supply
TSCO
$16.1B
| $382M | 0.05% |
10,293,240
+111,350
| +1% | +$4.08M |
|
349
Regions Financial
RF
$26.5B
| $379M | 0.05% |
18,824,005
+721,089
| +4% | +$15.6M |
|
350
W.W. Grainger
GWW
$65.6B
| $377M | 0.05% |
861,605
+37,332
| +5% | +$16.5M |
|
Similar funds
Geode Capital Management's Q2 2021 Portfolio in Review
As of Q2 2021, Geode Capital Management held 4,790 positions worth $726B, up 11% from $654B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Geode Capital Management's Q2 2021 filing shows 331 new, 3,384 increased, 720 reduced and 74 closed positions. Its largest new stake was Organon & Co: 5,070,121 shares worth $153M. The largest sale was Sherwin-Williams, an estimated $1.88B.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 23% a quarter earlier, followed by Financials and Healthcare.
- Geode Capital Management's largest Q2 2021 buy was Organon & Co: 5,070,121 shares worth $153M.
- Geode Capital Management added most to Microsoft in Q2 2021, an estimated $786M increase.
- Geode Capital Management's biggest Q2 2021 reduction was Sherwin-Williams, cutting an estimated $1.88B.
- Geode Capital Management fully exited Varian Medical Systems, Inc. in Q2 2021, selling an estimated $274M.
- Geode Capital Management's ten largest holdings make up 22% of its $726B portfolio in Q2 2021.
- Geode Capital Management opened 331 new positions and closed 74 in Q2 2021.
- Geode Capital Management's portfolio value rose 11% quarter-over-quarter to $726B.
Based on Geode Capital Management's 13F filing for Q2 2021, filed 13 Aug 2021.