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 | |
|---|---|---|---|---|---|---|
726
Texas Roadhouse
TXRH
$13.5B
| $107M | 0.02% |
1,118,009
+82,676
| +8% | +$7.22M |
|
727
Penumbra
PEN
$12.6B
| $107M | 0.02% |
395,694
+12,960
| +3% | +$3.35M |
|
728
UFP Industries
UFPI
$4.9B
| $106M | 0.02% |
1,402,634
+75,515
| +6% | +$4.73M |
|
729
Apollo Global Management
APO
$72.4B
| $106M | 0.02% |
2,263,803
+270,993
| +14% | +$13.2M |
|
730
Arrow Electronics
ARW
$11.1B
| $106M | 0.02% |
958,711
+21,207
| +2% | +$2.2M |
|
731
Carlisle Companies
CSL
$14.6B
| $106M | 0.02% |
641,680
+18,115
| +3% | +$2.78M |
|
732
US Foods
USFD
$22.2B
| $105M | 0.02% |
2,750,190
+66,931
| +2% | +$2.42M |
|
|
Y
733
DELISTED
Alleghany Corp
Y
| $104M | 0.02% |
166,839
+3,850
| +2% | +$2.38M |
|
734
Azenta
AZTA
$1.3B
| $104M | 0.02% |
1,276,559
+147,370
| +13% | +$11.9M |
|
735
Kilroy Realty
KRC
$4.52B
| $104M | 0.02% |
1,582,032
+44,878
| +3% | +$2.78M |
|
736
STAG Industrial
STAG
$7.38B
| $104M | 0.02% |
3,088,358
+413,365
| +15% | +$13.2M |
|
737
Dynatrace
DT
$12.9B
| $104M | 0.02% |
2,150,004
+61,504
| +3% | +$2.98M |
|
738
Zurn Elkay Water Solutions
ZWS
$8.38B
| $103M | 0.02% |
4,557,136
-103,812
| -2% | -$2.23M |
|
|
GAP
739
The Gap Inc
GAP
$7.23B
| $103M | 0.02% |
3,456,685
+28,465
| +0.8% | +$707K |
|
740
Starwood Property Trust
STWD
$5.92B
| $103M | 0.02% |
4,136,925
+176,022
| +4% | +$3.81M |
|
741
New York Times
NYT
$12.1B
| $102M | 0.02% |
2,023,841
+248,418
| +14% | +$12.5M |
|
742
BridgeBio Pharma
BBIO
$15.7B
| $102M | 0.02% |
1,662,957
+453,236
| +37% | +$29.7M |
|
743
Amdocs
DOX
$5.92B
| $102M | 0.02% |
1,457,096
+195,000
| +15% | +$14.7M |
|
744
Oshkosh
OSK
$8.79B
| $102M | 0.02% |
861,060
+35,475
| +4% | +$3.67M |
|
745
RenaissanceRe
RNR
$13.3B
| $102M | 0.02% |
636,095
+45,806
| +8% | +$7.4M |
|
746
Saia
SAIA
$9.25B
| $101M | 0.02% |
440,035
+37,097
| +9% | +$7.56M |
|
747
Casey's General Stores
CASY
$32.2B
| $101M | 0.02% |
467,997
+9,621
| +2% | +$1.92M |
|
748
Brunswick
BC
$5.13B
| $101M | 0.02% |
1,060,635
+63,916
| +6% | +$5.86M |
|
|
BERY
749
DELISTED
Berry Global Group, Inc.
BERY
| $101M | 0.02% |
1,785,000
+34,899
| +2% | +$1.81M |
|
750
First Industrial Realty Trust
FR
$8.73B
| $100M | 0.02% |
2,194,393
+342,504
| +18% | +$14.8M |
|
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.