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 | |
|---|---|---|---|---|---|---|
|
DISH
551
DELISTED
DISH Network Corp.
DISH
| $173M | 0.03% |
4,784,981
+229,708
| +5% | +$7.65M |
|
552
Charles River Laboratories
CRL
$11.2B
| $171M | 0.03% |
589,948
+26,620
| +5% | +$7.4M |
|
553
Sunrun
RUN
$2.34B
| $170M | 0.03% |
2,810,927
+333,396
| +13% | +$23.2M |
|
|
NLSN
554
DELISTED
Nielsen Holdings plc
NLSN
| $170M | 0.03% |
6,756,990
-13,854
| -0.2% | -$327K |
|
555
Campbell Soup
CPB
$6.55B
| $169M | 0.03% |
3,380,351
+92,018
| +3% | +$4.38M |
|
556
Canadian National Railway
CNI
$76.9B
| $169M | 0.03% |
1,465,283
+127,130
| +10% | +$14.1M |
|
557
Zions Bancorporation
ZION
$10.2B
| $167M | 0.03% |
3,038,459
+28,470
| +0.9% | +$1.47M |
|
558
Pinnacle West Capital
PNW
$12.2B
| $166M | 0.03% |
2,050,462
+20,597
| +1% | +$1.59M |
|
559
Globe Life
GL
$14.2B
| $166M | 0.03% |
1,720,905
+48,826
| +3% | +$4.68M |
|
560
Lithia Motors
LAD
$8.47B
| $165M | 0.03% |
423,615
+37,620
| +10% | +$13.5M |
|
561
Yum China
YUMC
$16.5B
| $165M | 0.03% |
2,799,233
+117,748
| +4% | +$7.04M |
|
562
Kimco Realty
KIM
$17.2B
| $165M | 0.03% |
8,794,231
-225,986
| -3% | -$3.99M |
|
563
Deckers Outdoor
DECK
$13.2B
| $164M | 0.03% |
2,984,514
+289,002
| +11% | +$15.4M |
|
564
Gaming and Leisure Properties
GLPI
$12.7B
| $164M | 0.03% |
3,864,133
+48,533
| +1% | +$2.06M |
|
565
Guardant Health
GH
$21.5B
| $164M | 0.03% |
1,071,117
+31,720
| +3% | +$4.79M |
|
566
BioMarin Pharmaceuticals
BMRN
$11.6B
| $163M | 0.03% |
2,168,045
+110,904
| +5% | +$9.06M |
|
|
NUAN
567
DELISTED
Nuance Communications, Inc.
NUAN
| $163M | 0.03% |
3,743,035
-14,858
| -0.4% | -$683K |
|
568
10x Genomics
TXG
$6B
| $163M | 0.02% |
901,825
+113,719
| +14% | +$19.6M |
|
|
SBNY
569
DELISTED
Signature Bank
SBNY
| $163M | 0.02% |
720,723
+40,965
| +6% | +$8.07M |
|
570
Graco
GGG
$12.9B
| $162M | 0.02% |
2,264,045
+78,715
| +4% | +$5.59M |
|
571
Reliance Steel & Aluminium
RS
$20.7B
| $162M | 0.02% |
1,061,371
+16,651
| +2% | +$2.24M |
|
572
Fidelity National Financial
FNF
$13.9B
| $161M | 0.02% |
4,130,307
+365,597
| +10% | +$13.9M |
|
573
NovoCure
NVCR
$1.73B
| $161M | 0.02% |
1,217,314
+57,646
| +5% | +$9.12M |
|
574
Builders FirstSource
BLDR
$7.15B
| $160M | 0.02% |
3,456,864
+306,461
| +10% | +$13M |
|
575
Vail Resorts
MTN
$5.32B
| $160M | 0.02% |
549,892
-20,781
| -4% | -$6.05M |
|
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.