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 |
Apple
AAPL
|
+$499M |
| 2 |
Microsoft
MSFT
|
+$376M |
| 3 |
Amazon
AMZN
|
+$286M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$248M |
| 2 |
LPT
Liberty Property Trust
LPT
|
+$148M |
| 3 |
Procter & Gamble
PG
|
+$122M |
| 4 |
Visa
V
|
+$92.4M |
| 5 |
MDCO
Medicines Co
MDCO
|
+$89.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.12% |
| 2 | Healthcare | 15.34% |
| 3 | Financials | 13.68% |
| 4 | Consumer Discretionary | 9.77% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PDM
851
Piedmont Realty Trust
PDM
$1.23B
| $41.9M | 0.01% |
2,374,155
+225,069
| +10% | +$4.85M |
|
852
Enphase Energy
ENPH
$5.13B
| $41.8M | 0.01% |
1,293,456
+36,538
| +3% | +$1.38M |
|
|
KYNB
853
Kyntra Bio
KYNB
$27.5M
| $41.6M | 0.01% |
47,885
+3,224
| +7% | +$3.2M |
|
854
KBR
KBR
$4.65B
| $41.6M | 0.01% |
2,011,520
+139,055
| +7% | +$3.59M |
|
|
SF
855
Stifel
SF
$12.5B
| $41.5M | 0.01% |
2,260,807
+173,689
| +8% | +$4.35M |
|
856
ManpowerGroup
MAN
$2.51B
| $41.5M | 0.01% |
783,284
+28,373
| +4% | +$2.36M |
|
857
Armstrong World Industries
AWI
$7.54B
| $41.5M | 0.01% |
522,050
+14,061
| +3% | +$1.36M |
|
858
New Oriental
EDU
$9.44B
| $41.5M | 0.01% |
385,303
+21,458
| +6% | +$2.75M |
|
859
NeoGenomics
NEO
$2.04B
| $41.5M | 0.01% |
1,501,440
+88,329
| +6% | +$2.65M |
|
860
ACI Worldwide
ACIW
$5.79B
| $41.4M | 0.01% |
1,715,131
+104,653
| +6% | +$3.34M |
|
861
PTC Therapeutics
PTCT
$5.71B
| $41.4M | 0.01% |
927,446
+67,097
| +8% | +$3.38M |
|
|
GRUB
862
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $41.3M | 0.01% |
507,274
+15,944
| +3% | +$1.57M |
|
863
Sunstone Hotel Investors
SHO
$2.18B
| $41.3M | 0.01% |
4,736,793
+80,124
| +2% | +$932K |
|
864
Erie Indemnity
ERIE
$12.7B
| $41.1M | 0.01% |
277,414
-22,194
| -7% | -$3.58M |
|
|
FTSV
865
DELISTED
Forty Seven, Inc. Common Stock
FTSV
| $41.1M | 0.01% |
430,583
+55,080
| +15% | +$3.33M |
|
866
Zoom
ZM
$28.9B
| $41M | 0.01% |
280,895
+50,474
| +22% | +$4.98M |
|
867
Popular Inc
BPOP
$11.2B
| $41M | 0.01% |
1,172,405
+12,969
| +1% | +$642K |
|
868
Simpson Manufacturing
SSD
$7.86B
| $41M | 0.01% |
661,925
+24,726
| +4% | +$1.93M |
|
869
Suncor Energy
SU
$78.1B
| $41M | 0.01% |
2,523,041
+166,152
| +7% | +$4.36M |
|
870
Madison Square Garden
MSGS
$9.38B
| $41M | 0.01% |
271,866
+4,824
| +2% | +$935K |
|
871
Interactive Brokers
IBKR
$38.9B
| $40.6M | 0.01% |
3,766,516
+418,676
| +13% | +$5.06M |
|
|
TMX
872
DELISTED
Terminix Global Holdings, Inc.
TMX
| $40.6M | 0.01% |
1,505,003
+43,547
| +3% | +$1.49M |
|
873
Novanta
NOVT
$5.28B
| $40.6M | 0.01% |
508,471
+26,663
| +6% | +$2.38M |
|
874
Herbalife
HLF
$1.31B
| $40.5M | 0.01% |
1,389,278
+34,769
| +3% | +$1.29M |
|
875
Blackbaud
BLKB
$2.02B
| $40.4M | 0.01% |
727,287
+45,244
| +7% | +$3.2M |
|
Similar funds
Geode Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Geode Capital Management held 4,292 positions worth $384B, down 20% from $478B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management's Q1 2020 filing shows 103 new, 3,113 increased, 564 reduced and 177 closed positions. Its largest new stake was Perdoceo Education: 1,042,040 shares worth $11.2M. The largest sale was Wellcare Health Plans, Inc., an estimated $248M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2020 buy was Perdoceo Education: 1,042,040 shares worth $11.2M.
- Geode Capital Management added most to Apple in Q1 2020, an estimated $499M increase.
- Geode Capital Management's biggest Q1 2020 reduction was Procter & Gamble, cutting an estimated $122M.
- Geode Capital Management fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $248M.
- Geode Capital Management's ten largest holdings make up 21% of its $384B portfolio in Q1 2020.
- Geode Capital Management opened 103 new positions and closed 177 in Q1 2020.
- Geode Capital Management's portfolio value fell 20% quarter-over-quarter to $384B.
Based on Geode Capital Management's 13F filing for Q1 2020, filed 14 May 2020.