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
|
+$524M |
| 2 |
Meta Platforms (Facebook)
META
|
+$458M |
| 3 |
Otis Worldwide
OTIS
|
+$345M |
| 4 |
T-Mobile US
TMUS
|
+$307M |
| 5 |
AbbVie
ABBV
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$878M |
| 2 |
RTN
Raytheon Company
RTN
|
+$537M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$435M |
| 4 |
Apple
AAPL
|
+$389M |
| 5 |
Accenture
ACN
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.72% |
| 2 | Healthcare | 14.52% |
| 3 | Financials | 12.98% |
| 4 | Consumer Discretionary | 10.98% |
| 5 | Communication Services | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Tyler Technologies
TYL
$12.8B
| $228M | 0.05% |
658,207
+200,494
| +44% | +$67.3M |
|
352
Dover
DOV
$28.4B
| $227M | 0.05% |
2,358,672
-24,353
| -1% | -$2.25M |
|
353
Palo Alto Networks
PANW
$297B
| $227M | 0.05% |
5,929,062
+21,798
| +0.4% | +$768K |
|
354
M&T Bank
MTB
$36.2B
| $224M | 0.05% |
2,157,331
-28,948
| -1% | -$3.06M |
|
355
Evergy
EVRG
$19.2B
| $222M | 0.05% |
3,745,140
+34,978
| +0.9% | +$2.07M |
|
356
Expeditors International
EXPD
$23.2B
| $220M | 0.05% |
2,894,441
+633
| +0% | +$46.2K |
|
|
PARA
357
DELISTED
Paramount Global Class B
PARA
| $220M | 0.05% |
9,431,571
+345,480
| +4% | +$6.66M |
|
|
TIF
358
DELISTED
Tiffany & Co.
TIF
| $220M | 0.05% |
1,804,595
-29,081
| -2% | -$3.64M |
|
359
Cooper Companies
COO
$14.5B
| $219M | 0.05% |
3,100,668
+23,056
| +0.7% | +$1.71M |
|
360
Nucor
NUE
$62.1B
| $218M | 0.05% |
5,283,427
-74,163
| -1% | -$3M |
|
361
Qorvo
QRVO
$8.74B
| $217M | 0.05% |
1,964,054
-59,759
| -3% | -$5.92M |
|
362
Synchrony
SYF
$25.6B
| $217M | 0.05% |
9,787,323
-2,058,545
| -17% | -$40.1M |
|
363
Invitation Homes
INVH
$18B
| $216M | 0.05% |
7,851,074
-114,653
| -1% | -$2.87M |
|
364
UDR
UDR
$12.3B
| $216M | 0.05% |
5,781,731
+30,878
| +0.5% | +$1.15M |
|
|
HES
365
DELISTED
Hess
HES
| $216M | 0.05% |
4,168,405
+88,802
| +2% | +$4.07M |
|
366
IDEX
IEX
$17.3B
| $215M | 0.05% |
1,359,998
-53,484
| -4% | -$8.17M |
|
367
Las Vegas Sands
LVS
$29.6B
| $215M | 0.05% |
4,720,570
-101,853
| -2% | -$4.79M |
|
368
Moderna
MRNA
$23.6B
| $214M | 0.05% |
3,328,036
+674,217
| +25% | +$36.9M |
|
369
Omnicom Group
OMC
$23.4B
| $212M | 0.05% |
3,885,165
+168,558
| +5% | +$9.17M |
|
370
Masco
MAS
$15.3B
| $209M | 0.04% |
4,178,424
-248,032
| -6% | -$10.8M |
|
|
COUP
371
DELISTED
Coupa Software Incorporated
COUP
| $208M | 0.04% |
752,177
+27,522
| +4% | +$5.54M |
|
372
Brown-Forman Class B
BF.B
$13.1B
| $208M | 0.04% |
3,271,283
-217,688
| -6% | -$13.9M |
|
373
International Flavors & Fragrances
IFF
$21.9B
| $207M | 0.04% |
1,695,034
+16,299
| +1% | +$2.06M |
|
374
Steris
STE
$23.1B
| $207M | 0.04% |
1,349,021
-37,570
| -3% | -$5.72M |
|
375
Hewlett Packard
HPE
$70.5B
| $207M | 0.04% |
21,259,163
+177,436
| +0.8% | +$1.74M |
|
Similar funds
Geode Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Geode Capital Management held 4,219 positions worth $467B, up 22% from $384B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Geode Capital Management's Q2 2020 filing shows 118 new, 2,550 increased, 1,055 reduced and 119 closed positions. Its largest new stake was Otis Worldwide: 6,650,358 shares worth $377M. The largest sale was Allergan plc, an estimated $878M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2020 buy was Otis Worldwide: 6,650,358 shares worth $377M.
- Geode Capital Management added most to Amazon in Q2 2020, an estimated $524M increase.
- Geode Capital Management's biggest Q2 2020 reduction was Bristol-Myers Squibb, cutting an estimated $435M.
- Geode Capital Management fully exited Allergan plc in Q2 2020, selling an estimated $878M.
- Geode Capital Management's ten largest holdings make up 23% of its $467B portfolio in Q2 2020.
- Geode Capital Management opened 118 new positions and closed 119 in Q2 2020.
- Geode Capital Management's portfolio value rose 22% quarter-over-quarter to $467B.
Based on Geode Capital Management's 13F filing for Q2 2020, filed 13 Aug 2020.