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 | |
|---|---|---|---|---|---|---|
701
First Financial Bankshares
FFIN
$5.04B
| $112M | 0.02% |
2,398,016
+208,619
| +10% | +$9.08M |
|
702
Floor & Decor
FND
$6.22B
| $112M | 0.02% |
1,171,592
+44,182
| +4% | +$4.3M |
|
703
Aecom
ACM
$9.3B
| $112M | 0.02% |
1,741,572
-14,919
| -0.8% | -$849K |
|
704
Fate Therapeutics
FATE
$286M
| $111M | 0.02% |
1,349,312
+189,798
| +16% | +$18.2M |
|
705
United Therapeutics
UTHR
$25.8B
| $111M | 0.02% |
664,519
+5,620
| +0.9% | +$937K |
|
706
Liberty Media Series C
FWONK
$24.6B
| $111M | 0.02% |
2,647,786
+97,269
| +4% | +$4.11M |
|
707
Aramark
ARMK
$15B
| $110M | 0.02% |
4,051,002
+173,359
| +4% | +$4.75M |
|
708
American Financial Group
AFG
$11.8B
| $110M | 0.02% |
967,592
+9,657
| +1% | +$998K |
|
709
WEX
WEX
$6.37B
| $110M | 0.02% |
527,421
-2,584
| -0.5% | -$545K |
|
710
Reinsurance Group of America
RGA
$15.5B
| $110M | 0.02% |
875,139
+35,195
| +4% | +$4.18M |
|
711
Spotify
SPOT
$103B
| $109M | 0.02% |
407,318
+28,504
| +8% | +$8.89M |
|
712
Ciena
CIEN
$53.4B
| $109M | 0.02% |
1,993,986
+65,280
| +3% | +$3.51M |
|
|
LSXMK
713
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $109M | 0.02% |
3,196,958
+255,500
| +9% | +$8.58M |
|
|
LSI
714
DELISTED
Life Storage, Inc.
LSI
| $109M | 0.02% |
1,267,305
+48,619
| +4% | +$4.04M |
|
715
SLM Corp
SLM
$4.89B
| $109M | 0.02% |
6,057,984
-33,432
| -0.5% | -$507K |
|
716
Ralph Lauren
RL
$22.6B
| $109M | 0.02% |
884,842
+6,138
| +0.7% | +$700K |
|
717
Silicon Laboratories
SLAB
$7.17B
| $109M | 0.02% |
770,696
+61,605
| +9% | +$8.83M |
|
718
EastGroup Properties
EGP
$11.2B
| $109M | 0.02% |
758,605
+38,759
| +5% | +$5.43M |
|
719
Unum
UNM
$13.6B
| $109M | 0.02% |
3,907,895
-164,828
| -4% | -$4.28M |
|
720
Pacific Biosciences
PACB
$435M
| $108M | 0.02% |
3,254,837
+276,228
| +9% | +$9.67M |
|
|
HRC
721
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
| $108M | 0.02% |
979,124
-16,743
| -2% | -$1.74M |
|
722
Manhattan Associates
MANH
$11.2B
| $108M | 0.02% |
920,283
+18,320
| +2% | +$2.22M |
|
723
Royal Gold
RGLD
$16.8B
| $108M | 0.02% |
999,427
-85,450
| -8% | -$9.11M |
|
724
Sensata Technologies
ST
$6.74B
| $107M | 0.02% |
1,856,088
+67,894
| +4% | +$3.91M |
|
725
Lattice Semiconductor
LSCC
$17.6B
| $107M | 0.02% |
2,385,210
+192,254
| +9% | +$8.53M |
|
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.