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 | |
|---|---|---|---|---|---|---|
926
Ashland
ASH
$3.5B
| $47.1M | 0.01% |
680,972
+9,807
| +1% | +$609K |
|
|
LM
927
DELISTED
Legg Mason, Inc.
LM
| $47M | 0.01% |
944,594
-488
| -0.1% | -$24.2K |
|
|
SYNH
928
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $46.9M | 0.01% |
805,788
-167,958
| -17% | -$9.03M |
|
929
Freshpet
FRPT
$3.22B
| $46.9M | 0.01% |
560,427
+43,541
| +8% | +$3.28M |
|
|
BLUE
930
DELISTED
bluebird bio
BLUE
| $46.8M | 0.01% |
59,210
+8,279
| +16% | +$6.24M |
|
931
Mine Safety
MSA
$7.49B
| $46.8M | 0.01% |
408,754
-89,473
| -18% | -$9.95M |
|
932
Suncor Energy
SU
$70.3B
| $46.7M | 0.01% |
2,730,769
+207,728
| +8% | +$3.55M |
|
933
Sabra Healthcare REIT
SBRA
$5.37B
| $46.6M | 0.01% |
3,227,388
+115,861
| +4% | +$1.52M |
|
934
Floor & Decor
FND
$6.68B
| $46.5M | 0.01% |
807,399
+57,862
| +8% | +$2.64M |
|
935
iRhythm Holdings
IRTC
$4.2B
| $46.4M | 0.01% |
399,954
+11,991
| +3% | +$1.32M |
|
|
ALE
936
DELISTED
Allete
ALE
| $46.3M | 0.01% |
848,713
+22,595
| +3% | +$1.28M |
|
937
Marriott Vacations Worldwide
VAC
$4.25B
| $46.3M | 0.01% |
563,508
+8,443
| +2% | +$688K |
|
938
Manulife Financial
MFC
$73.5B
| $46.2M | 0.01% |
3,373,335
+301,345
| +10% | +$3.79M |
|
939
New Jersey Resources
NJR
$5.58B
| $46.2M | 0.01% |
1,414,735
+25,896
| +2% | +$858K |
|
940
Nutanix
NTNX
$16.9B
| $46.2M | 0.01% |
1,947,989
+161,462
| +9% | +$3.34M |
|
|
TXNM
941
TXNM Energy Inc
TXNM
$5.94B
| $46.2M | 0.01% |
1,201,019
-20,417
| -2% | -$816K |
|
|
STMP
942
DELISTED
Stamps.com, Inc.
STMP
| $46.1M | 0.01% |
251,060
+7,006
| +3% | +$1.2M |
|
943
Jefferies Financial Group
JEF
$13.1B
| $46M | 0.01% |
3,095,929
-345,192
| -10% | -$4.62M |
|
944
WD-40
WDFC
$3.15B
| $45.9M | 0.01% |
231,501
+7,611
| +3% | +$1.38M |
|
|
BCPC
945
Balchem Corp
BCPC
$5.72B
| $45.5M | 0.01% |
479,672
+8,146
| +2% | +$762K |
|
946
Toll Brothers
TOL
$14.5B
| $45.4M | 0.01% |
1,393,355
-51,709
| -4% | -$1.41M |
|
947
Wyndham Hotels & Resorts
WH
$5.48B
| $45.4M | 0.01% |
1,065,336
-10,576
| -1% | -$431K |
|
|
HMSY
948
DELISTED
HMS Holdings Corp.
HMSY
| $45.4M | 0.01% |
1,401,167
+30,841
| +2% | +$893K |
|
949
Mercado Libre
MELI
$92.3B
| $45.2M | 0.01% |
46,288
+490
| +1% | +$367K |
|
|
GBT
950
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $45.2M | 0.01% |
716,034
-166,769
| -19% | -$11.4M |
|
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.