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 | |
|---|---|---|---|---|---|---|
601
Carnival Corporation Ltd
CCL
$38.1B
| $72.7M | 0.02% |
5,530,189
+51,810
| +0.9% | +$1.84M |
|
602
Bright Horizons
BFAM
$3.92B
| $72.3M | 0.02% |
708,903
+39,532
| +6% | +$5.81M |
|
|
TECD
603
DELISTED
Tech Data Corp
TECD
| $72.3M | 0.02% |
552,622
+14,786
| +3% | +$2.05M |
|
604
Repligen
RGEN
$7.96B
| $72.3M | 0.02% |
748,993
+56,001
| +8% | +$5.41M |
|
605
AGNC Investment
AGNC
$12.4B
| $72.2M | 0.02% |
6,831,265
-26,606
| -0.4% | -$444K |
|
606
Xerox
XRX
$387M
| $71.8M | 0.02% |
3,795,954
+10,742
| +0.3% | +$341K |
|
607
Universal Display
OLED
$3.68B
| $71.6M | 0.02% |
543,644
+19,794
| +4% | +$3.4M |
|
608
Invesco
IVZ
$13.1B
| $71.3M | 0.02% |
7,825,957
+187,218
| +2% | +$2.85M |
|
609
Lennox International
LII
$14.4B
| $70.9M | 0.02% |
390,574
+8,520
| +2% | +$1.97M |
|
610
SL Green Realty
SLG
$3.76B
| $70.8M | 0.02% |
1,699,620
+15,928
| +0.9% | +$1.24M |
|
611
Diamondback Energy
FANG
$57.1B
| $70.8M | 0.02% |
2,705,521
+60,449
| +2% | +$3.81M |
|
612
Royal Gold
RGLD
$16.8B
| $70.8M | 0.02% |
806,722
+40,293
| +5% | +$4.16M |
|
613
Encompass Health
EHC
$11B
| $70.8M | 0.02% |
1,388,964
-72,687
| -5% | -$4.19M |
|
614
TC Energy
TRP
$70.2B
| $70.7M | 0.02% |
1,565,435
+142,480
| +10% | +$7.22M |
|
615
Ionis Pharmaceuticals
IONS
$8.6B
| $70.4M | 0.02% |
1,491,065
+47,323
| +3% | +$2.64M |
|
|
OPTU
616
Optimum Communications Inc
OPTU
$298M
| $69.8M | 0.02% |
3,133,527
+88,089
| +3% | +$2.3M |
|
|
HR
617
DELISTED
Healthcare Realty Trust Incorporated
HR
| $69.4M | 0.02% |
2,485,472
+123,210
| +5% | +$4.18M |
|
618
FTI Consulting
FCN
$4.4B
| $69.4M | 0.02% |
579,231
+11,239
| +2% | +$1.32M |
|
619
Entegris
ENTG
$18.1B
| $69.3M | 0.02% |
1,548,752
+43,791
| +3% | +$2.27M |
|
|
CMA
620
DELISTED
Comerica
CMA
| $69.3M | 0.02% |
2,366,825
+81,828
| +4% | +$4.44M |
|
621
NNN REIT
NNN
$9.04B
| $69.2M | 0.02% |
2,151,675
+22,794
| +1% | +$1.14M |
|
622
IPG Photonics
IPGP
$3.61B
| $69M | 0.02% |
626,571
+11,220
| +2% | +$1.47M |
|
623
Trex
TREX
$4.51B
| $68.9M | 0.02% |
1,720,022
+101,272
| +6% | +$4.75M |
|
624
Steel Dynamics
STLD
$36B
| $68.6M | 0.02% |
3,045,612
+683
| +0% | +$18.7K |
|
625
Reinsurance Group of America
RGA
$15.5B
| $68.1M | 0.02% |
809,942
+53,737
| +7% | +$7.01M |
|
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.