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
|
+$524M |
| 2 |
Meta Platforms (Facebook)
META
|
+$458M |
| 3 |
Otis Worldwide
OTIS
|
+$345M |
| 4 |
T-Mobile US
TMUS
|
+$307M |
| 5 |
AbbVie
ABBV
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$878M |
| 2 |
RTN
Raytheon Company
RTN
|
+$537M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$435M |
| 4 |
Apple
AAPL
|
+$389M |
| 5 |
Accenture
ACN
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.72% |
| 2 | Healthcare | 14.52% |
| 3 | Financials | 12.98% |
| 4 | Consumer Discretionary | 10.98% |
| 5 | Communication Services | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
801
BWX Technologies
BWXT
$15.6B
| $59.8M | 0.01% |
1,055,170
+16,354
| +2% | +$914K |
|
802
Zurn Elkay Water Solutions
ZWS
$8.53B
| $59.6M | 0.01% |
4,248,210
+174,755
| +4% | +$2.29M |
|
803
HEICO Corp
HEI
$51.4B
| $59.6M | 0.01% |
598,062
-122,241
| -17% | -$11.3M |
|
804
Huntsman Corp
HUN
$1.77B
| $59.5M | 0.01% |
3,308,761
-240,344
| -7% | -$4.03M |
|
805
Targa Resources
TRGP
$55.1B
| $59.4M | 0.01% |
2,959,833
+19,181
| +0.7% | +$288K |
|
806
Darling Ingredients
DAR
$9.44B
| $59.2M | 0.01% |
2,403,340
+30,664
| +1% | +$668K |
|
|
NVRO
807
DELISTED
NEVRO CORP.
NVRO
| $59.1M | 0.01% |
495,002
+53,683
| +12% | +$6.37M |
|
808
US Foods
USFD
$24B
| $59.1M | 0.01% |
2,995,907
+97,838
| +3% | +$1.87M |
|
809
Highwoods Properties
HIW
$3.47B
| $59M | 0.01% |
1,581,577
-18,747
| -1% | -$697K |
|
810
Power Integrations
POWI
$3.61B
| $59M | 0.01% |
998,332
+42,210
| +4% | +$2.22M |
|
811
ONE Gas
OGS
$5.04B
| $58.9M | 0.01% |
763,943
+28,699
| +4% | +$2.32M |
|
812
Inovio Pharmaceuticals
INO
$69M
| $58.8M | 0.01% |
181,868
+41,496
| +30% | +$6.66M |
|
|
HPP
813
Hudson Pacific Properties
HPP
$779M
| $58.7M | 0.01% |
333,536
-1,419
| -0.4% | -$241K |
|
|
FOLD
814
DELISTED
Amicus Therapeutics
FOLD
| $58.4M | 0.01% |
3,873,390
+63,555
| +2% | +$774K |
|
|
EVBG
815
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $58.3M | 0.01% |
421,650
-80,677
| -16% | -$10.5M |
|
|
EQC
816
DELISTED
Equity Commonwealth
EQC
| $58.2M | 0.01% |
1,808,833
-37,112
| -2% | -$1.23M |
|
817
Idacorp
IDA
$8.2B
| $58.1M | 0.01% |
664,990
+39,515
| +6% | +$3.57M |
|
|
IAA
818
DELISTED
IAA, Inc. Common Stock
IAA
| $58.1M | 0.01% |
1,505,988
+45,320
| +3% | +$1.69M |
|
819
Boston Beer
SAM
$1.92B
| $58M | 0.01% |
108,116
-35,869
| -25% | -$17.4M |
|
820
Planet Fitness
PLNT
$3.78B
| $57.5M | 0.01% |
948,569
-2,764
| -0.3% | -$166K |
|
821
Bath & Body Works
BBWI
$4.1B
| $57.4M | 0.01% |
4,751,921
-214,033
| -4% | -$2.39M |
|
822
Jabil
JBL
$35.8B
| $57.4M | 0.01% |
1,789,781
-9,786
| -0.5% | -$282K |
|
823
Woodward
WWD
$21.4B
| $57.2M | 0.01% |
738,059
+71,607
| +11% | +$4.68M |
|
824
Xerox
XRX
$425M
| $57.2M | 0.01% |
3,745,782
-50,172
| -1% | -$866K |
|
|
WMGI
825
DELISTED
Wright Medical Group Inc
WMGI
| $57.2M | 0.01% |
1,923,502
+65,630
| +4% | +$1.92M |
|
Similar funds
Geode Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Geode Capital Management held 4,219 positions worth $467B, up 22% from $384B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Geode Capital Management's Q2 2020 filing shows 118 new, 2,550 increased, 1,055 reduced and 119 closed positions. Its largest new stake was Otis Worldwide: 6,650,358 shares worth $377M. The largest sale was Allergan plc, an estimated $878M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2020 buy was Otis Worldwide: 6,650,358 shares worth $377M.
- Geode Capital Management added most to Amazon in Q2 2020, an estimated $524M increase.
- Geode Capital Management's biggest Q2 2020 reduction was Bristol-Myers Squibb, cutting an estimated $435M.
- Geode Capital Management fully exited Allergan plc in Q2 2020, selling an estimated $878M.
- Geode Capital Management's ten largest holdings make up 23% of its $467B portfolio in Q2 2020.
- Geode Capital Management opened 118 new positions and closed 119 in Q2 2020.
- Geode Capital Management's portfolio value rose 22% quarter-over-quarter to $467B.
Based on Geode Capital Management's 13F filing for Q2 2020, filed 13 Aug 2020.