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
|
+$420M |
| 2 |
Zoom
ZM
|
+$370M |
| 3 |
Uber
UBER
|
+$267M |
| 4 |
Intel
INTC
|
+$247M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$143M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$421M |
| 2 |
AbbVie
ABBV
|
+$266M |
| 3 |
Amgen
AMGN
|
+$212M |
| 4 |
PPLI
People Inc
PPLI
|
+$207M |
| 5 |
Eli Lilly
LLY
|
+$100M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.49% |
| 2 | Healthcare | 14.08% |
| 3 | Financials | 12.39% |
| 4 | Consumer Discretionary | 12.01% |
| 5 | Communication Services | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
576
Bright Horizons
BFAM
$3.89B
| $108M | 0.02% |
710,180
+5,455
| +0.8% | +$686K |
|
577
Ally Financial
ALLY
$13.4B
| $108M | 0.02% |
4,312,607
-194,248
| -4% | -$4.34M |
|
578
Perrigo
PRGO
$1.74B
| $108M | 0.02% |
2,350,304
+1,746
| +0.1% | +$91.4K |
|
579
American Airlines Group
AAL
$10.6B
| $108M | 0.02% |
8,767,795
+239,975
| +3% | +$3.01M |
|
580
Deckers Outdoor
DECK
$13.3B
| $107M | 0.02% |
2,931,108
-107,478
| -4% | -$3.72M |
|
581
IPG Photonics
IPGP
$3.69B
| $107M | 0.02% |
633,247
+3,497
| +0.6% | +$577K |
|
582
Reliance Steel & Aluminium
RS
$21.3B
| $107M | 0.02% |
1,051,993
-78,793
| -7% | -$8.02M |
|
583
Federal Realty Investment Trust
FRT
$10.2B
| $107M | 0.02% |
1,462,399
+2,205
| +0.2% | +$174K |
|
584
Annaly Capital Management
NLY
$17.1B
| $107M | 0.02% |
3,762,790
-241,613
| -6% | -$6.99M |
|
|
VER
585
DELISTED
VEREIT, Inc.
VER
| $106M | 0.02% |
3,275,325
-37,301
| -1% | -$1.23M |
|
586
Toro Company
TTC
$9.35B
| $106M | 0.02% |
1,264,051
-42,658
| -3% | -$3.19M |
|
587
Avantor
AVTR
$8.91B
| $106M | 0.02% |
4,711,188
+1,169,738
| +33% | +$24.3M |
|
|
MYOK
588
DELISTED
MyoKardia, Inc. Common Stock
MYOK
| $106M | 0.02% |
774,288
-9,027
| -1% | -$960K |
|
589
Cheniere Energy
LNG
$55.7B
| $105M | 0.02% |
2,274,802
-97,975
| -4% | -$4.97M |
|
590
LPL Financial
LPLA
$28.3B
| $105M | 0.02% |
1,363,688
+25,724
| +2% | +$2.04M |
|
591
News Corp Class A
NWSA
$16.1B
| $105M | 0.02% |
7,467,389
-22,599
| -0.3% | -$316K |
|
592
Lennox International
LII
$15.1B
| $104M | 0.02% |
383,549
-15,568
| -4% | -$4.16M |
|
|
MPT
593
Medical Properties Trust
MPT
$2.75B
| $104M | 0.02% |
5,902,092
-296,315
| -5% | -$5.51M |
|
594
Kimco Realty
KIM
$16.4B
| $104M | 0.02% |
9,227,110
+192,390
| +2% | +$2.27M |
|
|
DISCK
595
DELISTED
Discovery, Inc. Series C Common Stock
DISCK
| $103M | 0.02% |
5,251,393
-36,654
| -0.7% | -$724K |
|
596
Neurocrine Biosciences
NBIX
$16.2B
| $102M | 0.02% |
1,066,602
-42,408
| -4% | -$4.91M |
|
597
Guardant Health
GH
$21.1B
| $102M | 0.02% |
909,332
+158,735
| +21% | +$14.5M |
|
598
CubeSmart
CUBE
$9.42B
| $101M | 0.02% |
3,125,245
+36,179
| +1% | +$1.09M |
|
599
Essential Utilities
WTRG
$11.3B
| $101M | 0.02% |
2,511,138
-74,866
| -3% | -$3.22M |
|
|
SEE
600
DELISTED
Sealed Air
SEE
| $101M | 0.02% |
2,606,498
+17,940
| +0.7% | +$683K |
|
Similar funds
Geode Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Geode Capital Management held 4,244 positions worth $510B, up 9.2% from $467B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Geode Capital Management's Q3 2020 filing shows 144 new, 2,112 increased, 1,496 reduced and 90 closed positions. Its largest new stake was Snowflake: 195,170 shares worth $48.9M. The largest sale was Apple, an estimated $421M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2020 buy was Snowflake: 195,170 shares worth $48.9M.
- Geode Capital Management added most to Amazon in Q3 2020, an estimated $420M increase.
- Geode Capital Management's biggest Q3 2020 reduction was Apple, cutting an estimated $421M.
- Geode Capital Management fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $84.5M.
- Geode Capital Management's ten largest holdings make up 23% of its $510B portfolio in Q3 2020.
- Geode Capital Management opened 144 new positions and closed 90 in Q3 2020.
- Geode Capital Management's portfolio value rose 9.2% quarter-over-quarter to $510B.
Based on Geode Capital Management's 13F filing for Q3 2020, filed 13 Nov 2020.