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 | |
|---|---|---|---|---|---|---|
1001
Crocs
CROX
$6.55B
| $40.8M | 0.01% |
1,109,349
+23,337
| +2% | +$617K |
|
1002
LCI Industries
LCII
$2.65B
| $40.8M | 0.01% |
354,870
+11,982
| +3% | +$1.1M |
|
|
CCXI
1003
DELISTED
ChemoCentryx, Inc.
CCXI
| $40.8M | 0.01% |
708,831
+74,299
| +12% | +$4.04M |
|
1004
Popular Inc
BPOP
$11.1B
| $40.8M | 0.01% |
1,096,564
-75,841
| -6% | -$2.82M |
|
1005
Lazard
LAZ
$4.31B
| $40.6M | 0.01% |
1,418,865
-121,298
| -8% | -$3.29M |
|
1006
First Horizon
FHN
$12.1B
| $40.6M | 0.01% |
4,072,708
+52,711
| +1% | +$479K |
|
1007
Werner Enterprises
WERN
$2.25B
| $40.5M | 0.01% |
931,222
+256,603
| +38% | +$10.6M |
|
1008
Mattel
MAT
$4.3B
| $40.4M | 0.01% |
4,173,602
+56,910
| +1% | +$517K |
|
1009
EPR Properties
EPR
$4.77B
| $40.3M | 0.01% |
1,217,569
+229,237
| +23% | +$6.8M |
|
1010
Royalty Pharma
RPRX
$25.2B
| $40.3M | 0.01% |
+830,274
| New | +$41.1M |
|
1011
TechnipFMC
FTI
$27.3B
| $40.3M | 0.01% |
7,931,594
+83,748
| +1% | +$488K |
|
1012
Cracker Barrel
CBRL
$1.29B
| $40.2M | 0.01% |
362,663
-62,616
| -15% | -$6.21M |
|
1013
Rayonier
RYN
$6.55B
| $40.1M | 0.01% |
1,784,713
+119,943
| +7% | +$2.61M |
|
1014
Meritage Homes
MTH
$4.86B
| $40.1M | 0.01% |
1,053,748
+18,386
| +2% | +$543K |
|
1015
Elastic
ESTC
$7.81B
| $40M | 0.01% |
433,797
+19,292
| +5% | +$1.41M |
|
1016
Plug Power
PLUG
$3.04B
| $40M | 0.01% |
4,870,288
+861,490
| +21% | +$4.03M |
|
1017
MSC Industrial Direct
MSM
$6.86B
| $39.9M | 0.01% |
548,495
-2,455
| -0.4% | -$158K |
|
1018
LiveRamp
RAMP
$2.3B
| $39.9M | 0.01% |
940,176
-52,898
| -5% | -$2.08M |
|
1019
Houlihan Lokey
HLI
$9.02B
| $39.9M | 0.01% |
716,383
+69,418
| +11% | +$4.04M |
|
1020
Carter's
CRI
$1.47B
| $39.8M | 0.01% |
493,566
+218
| +0% | +$17.4K |
|
1021
Beyond Meat
BYND
$277M
| $39.8M | 0.01% |
296,987
+16,456
| +6% | +$1.95M |
|
1022
eHealth
EHTH
$43.9M
| $39.7M | 0.01% |
403,893
+24,380
| +6% | +$2.83M |
|
1023
Liberty Global Class A
LBTYA
$3.6B
| $39.6M | 0.01% |
1,814,464
+53,946
| +3% | +$1.11M |
|
1024
TriNet
TNET
$3.14B
| $39.6M | 0.01% |
649,214
-51,569
| -7% | -$2.58M |
|
1025
EQT Corp
EQT
$32.3B
| $39.4M | 0.01% |
3,309,565
+297,473
| +10% | +$3.9M |
|
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.