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 | |
|---|---|---|---|---|---|---|
651
FIVE9
FIVN
$2.11B
| $126M | 0.02% |
805,824
+32,743
| +4% | +$5.59M |
|
652
Trex
TREX
$4.51B
| $125M | 0.02% |
1,365,423
+20,595
| +2% | +$1.94M |
|
653
Owens Corning
OC
$11.2B
| $125M | 0.02% |
1,354,663
-11,186
| -0.8% | -$938K |
|
654
ScottsMiracle-Gro
SMG
$3.82B
| $125M | 0.02% |
508,547
+16,132
| +3% | +$3.65M |
|
655
AptarGroup
ATR
$8.55B
| $124M | 0.02% |
876,518
+27,728
| +3% | +$3.83M |
|
|
ZNGA
656
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $124M | 0.02% |
12,166,250
+516,410
| +4% | +$5.4M |
|
657
First Horizon
FHN
$12.2B
| $124M | 0.02% |
7,310,712
+542,040
| +8% | +$8.57M |
|
|
AXON
658
Axon Enterprise
AXON
$42.5B
| $123M | 0.02% |
866,400
+23,478
| +3% | +$3.66M |
|
|
PRAH
659
DELISTED
PRA Health Sciences, Inc.
PRAH
| $123M | 0.02% |
804,687
+26,940
| +3% | +$3.66M |
|
|
AZPN
660
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $123M | 0.02% |
853,684
+35,065
| +4% | +$5.07M |
|
661
Watsco Inc
WSO
$12.7B
| $123M | 0.02% |
470,180
+46,021
| +11% | +$11.3M |
|
662
Essential Utilities
WTRG
$11.3B
| $123M | 0.02% |
2,742,888
+118,845
| +5% | +$5.37M |
|
663
Ultragenyx Pharmaceutical
RARE
$2.45B
| $123M | 0.02% |
1,076,533
+99,514
| +10% | +$13.5M |
|
|
SEE
664
DELISTED
Sealed Air
SEE
| $122M | 0.02% |
2,676,001
+4,079
| +0.2% | +$182K |
|
665
Coherent
COHR
$51.4B
| $122M | 0.02% |
1,782,679
+182,267
| +11% | +$15M |
|
666
Performance Food Group
PFGC
$18B
| $122M | 0.02% |
2,114,605
+172,661
| +9% | +$9.11M |
|
667
APA Corp
APA
$13.2B
| $122M | 0.02% |
6,814,478
+48,974
| +0.7% | +$894K |
|
668
NNN REIT
NNN
$9.04B
| $121M | 0.02% |
2,750,905
+42,378
| +2% | +$1.78M |
|
669
Service Corp International
SCI
$11.8B
| $120M | 0.02% |
2,359,374
+285,898
| +14% | +$14.3M |
|
670
Polaris
PII
$3.82B
| $120M | 0.02% |
899,442
+158,194
| +21% | +$19.3M |
|
|
STOR
671
DELISTED
STORE Capital Corporation
STOR
| $119M | 0.02% |
3,565,646
+75,699
| +2% | +$2.46M |
|
672
SiteOne Landscape Supply
SITE
$4.12B
| $119M | 0.02% |
699,380
+57,667
| +9% | +$9.57M |
|
673
Western Alliance Bancorporation
WAL
$8.79B
| $119M | 0.02% |
1,258,847
-14,155
| -1% | -$1.17M |
|
674
Bank of Montreal
BMO
$126B
| $118M | 0.02% |
1,329,116
+111,157
| +9% | +$9.07M |
|
675
Kohl's
KSS
$2.17B
| $117M | 0.02% |
1,970,841
+57,946
| +3% | +$2.97M |
|
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.