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 | |
|---|---|---|---|---|---|---|
|
PPLI
601
People Inc
PPLI
$3.2B
| $101M | 0.02% |
1,545,555
-3,011,848
| -66% | -$207M |
|
|
ZNGA
602
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $100M | 0.02% |
10,998,964
-38,296
| -0.3% | -$356K |
|
603
PTC
PTC
$16B
| $100M | 0.02% |
1,209,653
-60,019
| -5% | -$5.11M |
|
604
SEI Investments
SEIC
$12.6B
| $99.3M | 0.02% |
1,952,009
-99,864
| -5% | -$5.28M |
|
605
QuidelOrtho
QDEL
$1.11B
| $98.9M | 0.02% |
451,026
-6,740
| -1% | -$1.5M |
|
|
HBI
606
DELISTED
Hanesbrands
HBI
| $98.7M | 0.02% |
6,274,787
-82,140
| -1% | -$1.21M |
|
|
STOR
607
DELISTED
STORE Capital Corporation
STOR
| $98.7M | 0.02% |
3,597,910
-24,690
| -0.7% | -$627K |
|
|
CONE
608
DELISTED
CyrusOne Inc Common Stock
CONE
| $98.2M | 0.02% |
1,401,746
-32,128
| -2% | -$2.52M |
|
|
AZPN
609
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $98M | 0.02% |
772,992
-33,067
| -4% | -$4.19M |
|
|
LVGO
610
DELISTED
Livongo Health, Inc. Common Stock
LVGO
| $97.8M | 0.02% |
698,289
+348,868
| +100% | +$42.5M |
|
611
Vail Resorts
MTN
$5.23B
| $97.5M | 0.02% |
456,115
-3,917
| -0.9% | -$807K |
|
|
VMW
612
DELISTED
VMware, Inc
VMW
| $97.5M | 0.02% |
679,318
+17,109
| +3% | +$2.43M |
|
613
Novavax
NVAX
$1.27B
| $97.4M | 0.02% |
899,016
-659
| -0.1% | -$80.3K |
|
614
NNN REIT
NNN
$8.94B
| $97.3M | 0.02% |
2,820,868
+16,425
| +0.6% | +$587K |
|
|
NLSN
615
DELISTED
Nielsen Holdings plc
NLSN
| $97.2M | 0.02% |
6,866,517
-4,484
| -0.1% | -$67.2K |
|
616
Elanco Animal Health
ELAN
$12.1B
| $97.1M | 0.02% |
3,481,238
-680,937
| -16% | -$17.3M |
|
617
EastGroup Properties
EGP
$10.8B
| $97.1M | 0.02% |
750,729
-25,987
| -3% | -$3.36M |
|
|
LHCG
618
DELISTED
LHC Group LLC
LHCG
| $97M | 0.02% |
456,301
-383
| -0.1% | -$75.6K |
|
619
Gentex
GNTX
$4.96B
| $96.8M | 0.02% |
3,746,824
-89,070
| -2% | -$2.37M |
|
620
iRhythm Holdings
IRTC
$4.21B
| $96.7M | 0.02% |
406,283
+6,329
| +2% | +$1.12M |
|
621
Beyond Meat
BYND
$272M
| $95.7M | 0.02% |
576,302
+279,315
| +94% | +$37.8M |
|
|
MRTX
622
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $95.5M | 0.02% |
575,202
+3,803
| +0.7% | +$520K |
|
623
Watsco Inc
WSO
$13.2B
| $95M | 0.02% |
408,090
-5,033
| -1% | -$1.13M |
|
624
Universal Display
OLED
$4.01B
| $95M | 0.02% |
525,413
-21,085
| -4% | -$3.6M |
|
625
RenaissanceRe
RNR
$13.4B
| $94.7M | 0.02% |
558,518
-8,949
| -2% | -$1.58M |
|
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.