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 | |
|---|---|---|---|---|---|---|
351
Martin Marietta Materials
MLM
$31.5B
| $184M | 0.05% |
976,442
-11,921
| -1% | -$2.85M |
|
|
FITB
352
Fifth Third Bancorp
FITB
$51.2B
| $183M | 0.05% |
12,353,099
+277,410
| +2% | +$6.92M |
|
|
DFS
353
DELISTED
Discover Financial Services
DFS
| $183M | 0.05% |
5,132,659
-35,350
| -0.7% | -$2.34M |
|
354
Sun Communities
SUI
$15.2B
| $181M | 0.05% |
1,452,080
-15,929
| -1% | -$2.41M |
|
355
Waters Corp
WAT
$37B
| $180M | 0.05% |
989,891
+10,264
| +1% | +$2.16M |
|
|
PXD
356
DELISTED
Pioneer Natural Resource Co.
PXD
| $179M | 0.05% |
2,557,615
+33,682
| +1% | +$4M |
|
357
Xylem
XYL
$27.3B
| $178M | 0.05% |
2,742,865
+56,748
| +2% | +$4.47M |
|
358
Broadridge
BR
$17.8B
| $177M | 0.05% |
1,868,720
+34,417
| +2% | +$3.93M |
|
359
Quest Diagnostics
DGX
$25.7B
| $177M | 0.05% |
2,202,432
+21,634
| +1% | +$2.24M |
|
360
Amcor
AMCR
$20.8B
| $176M | 0.05% |
4,313,641
+155,663
| +4% | +$7.46M |
|
361
BioMarin Pharmaceuticals
BMRN
$11.6B
| $176M | 0.05% |
2,082,293
+146,481
| +8% | +$12.6M |
|
362
Zebra Technologies
ZBRA
$14B
| $174M | 0.05% |
951,548
+9,945
| +1% | +$2.23M |
|
363
Jacobs Solutions
J
$15.9B
| $173M | 0.05% |
2,637,042
+9,711
| +0.4% | +$730K |
|
364
KeyCorp
KEY
$24.2B
| $171M | 0.04% |
16,533,238
+436,808
| +3% | +$7.27M |
|
365
International Flavors & Fragrances
IFF
$20.2B
| $171M | 0.04% |
1,678,735
+39,906
| +2% | +$4.97M |
|
366
Lumen
LUMN
$6.57B
| $171M | 0.04% |
18,066,961
-438,730
| -2% | -$5.49M |
|
367
Invitation Homes
INVH
$17.7B
| $170M | 0.04% |
7,965,727
+4,607
| +0.1% | +$130K |
|
368
Marvell Technology
MRVL
$168B
| $170M | 0.04% |
7,511,315
+219,754
| +3% | +$5.27M |
|
369
Equity Lifestyle Properties
ELS
$12.6B
| $169M | 0.04% |
2,940,898
-113,577
| -4% | -$7.75M |
|
|
SGEN
370
DELISTED
Seagen Inc. Common Stock
SGEN
| $169M | 0.04% |
1,465,893
+83,052
| +6% | +$9.2M |
|
371
FMC
FMC
$1.34B
| $166M | 0.04% |
2,031,344
+29,554
| +1% | +$2.74M |
|
372
Domino's
DPZ
$11.5B
| $165M | 0.04% |
509,246
+35,169
| +7% | +$10.8M |
|
|
HOLX
373
DELISTED
Hologic
HOLX
| $165M | 0.04% |
4,695,019
-326,884
| -7% | -$15.6M |
|
374
Cboe Global Markets
CBOE
$32.5B
| $164M | 0.04% |
1,840,781
+44,303
| +2% | +$4.96M |
|
375
Qorvo
QRVO
$7.99B
| $163M | 0.04% |
2,023,813
-45,256
| -2% | -$4.53M |
|
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.