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 |
Tesla
TSLA
|
+$2.41B |
| 2 |
American Tower
AMT
|
+$272M |
| 3 |
Microsoft
MSFT
|
+$271M |
| 4 |
Zoom
ZM
|
+$245M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$206M |
| 2 |
IMMU
Immunomedics Inc
IMMU
|
+$200M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$186M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$151M |
| 5 |
Pfizer
PFE
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 13.6% |
| 3 | Financials | 13.05% |
| 4 | Consumer Discretionary | 12.39% |
| 5 | Communication Services | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Cerence
CRNC
$385M
| $57.7M | 0.01% |
574,297
+35,141
| +7% | +$2.62M |
|
1002
The Ensign Group
ENSG
$10.4B
| $57.6M | 0.01% |
790,029
+50,495
| +7% | +$3.35M |
|
|
AIMC
1003
DELISTED
Altra Industrial Motion Corp
AIMC
| $57.6M | 0.01% |
1,039,167
+85,769
| +9% | +$4.23M |
|
1004
Avient
AVNT
$3.33B
| $57.6M | 0.01% |
1,428,930
+26,515
| +2% | +$935K |
|
1005
nVent Electric
NVT
$24.9B
| $57.5M | 0.01% |
2,470,569
+292,660
| +13% | +$6.17M |
|
|
TMHC
1006
DELISTED
Taylor Morrison
TMHC
| $57.5M | 0.01% |
2,242,900
+206,106
| +10% | +$5.25M |
|
1007
MasTec
MTZ
$21.1B
| $57.5M | 0.01% |
843,131
+50,996
| +6% | +$2.86M |
|
1008
Acadia Healthcare
ACHC
$2.76B
| $57.5M | 0.01% |
1,143,551
+112,269
| +11% | +$4.47M |
|
1009
Advanced Energy
AEIS
$11.6B
| $57.4M | 0.01% |
592,301
+36,316
| +7% | +$3.09M |
|
1010
Kemper
KMPR
$1.67B
| $57.3M | 0.01% |
745,708
+71,098
| +11% | +$5.06M |
|
1011
Ollie's Bargain Outlet
OLLI
$4.44B
| $57M | 0.01% |
697,480
+40,234
| +6% | +$3.52M |
|
1012
Under Armour
UAA
$2.84B
| $56.9M | 0.01% |
3,319,217
+93,379
| +3% | +$1.43M |
|
1013
Concentrix
CNXC
$1.5B
| $56.8M | 0.01% |
+574,974
| New | +$57.5M |
|
1014
JetBlue
JBLU
$2.28B
| $56.7M | 0.01% |
3,897,206
+562,682
| +17% | +$7.72M |
|
|
X
1015
DELISTED
US Steel
X
| $56.6M | 0.01% |
3,377,562
+174,737
| +5% | +$2.17M |
|
1016
Rayonier
RYN
$6.55B
| $56.6M | 0.01% |
2,123,080
+452,535
| +27% | +$11.5M |
|
|
SKX
1017
DELISTED
Skechers
SKX
| $56.6M | 0.01% |
1,573,916
+93,155
| +6% | +$3.17M |
|
|
AL
1018
DELISTED
Air Lease Corp
AL
| $56.5M | 0.01% |
1,271,870
+80,519
| +7% | +$2.89M |
|
|
PPD
1019
DELISTED
PPD, Inc. Common Stock
PPD
| $56.5M | 0.01% |
1,652,483
+90,158
| +6% | +$3.15M |
|
1020
STAAR Surgical
STAA
$1.21B
| $56.4M | 0.01% |
712,223
+37,559
| +6% | +$2.75M |
|
1021
Cullen/Frost Bankers
CFR
$10.3B
| $56.2M | 0.01% |
644,703
+33,851
| +6% | +$2.66M |
|
1022
National Vision
EYE
$1.77B
| $56.2M | 0.01% |
1,241,308
+75,272
| +6% | +$3.27M |
|
1023
PROG Holdings
PRG
$1.75B
| $56.1M | 0.01% |
+1,041,835
| New | +$53.8M |
|
1024
Dick's Sporting Goods
DKS
$17.5B
| $55.7M | 0.01% |
990,480
+165,368
| +20% | +$9.42M |
|
1025
Grand Canyon Education
LOPE
$3.79B
| $55.6M | 0.01% |
596,899
+32,310
| +6% | +$2.76M |
|
Similar funds
Geode Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Geode Capital Management held 4,369 positions worth $596B, up 17% from $510B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Geode Capital Management's Q4 2020 filing shows 215 new, 3,067 increased, 650 reduced and 100 closed positions. Its largest new stake was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M. The largest sale was Tiffany & Co., an estimated $206M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2020 buy was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M.
- Geode Capital Management added most to Tesla in Q4 2020, an estimated $2.41B increase.
- Geode Capital Management's biggest Q4 2020 reduction was Pfizer, cutting an estimated $131M.
- Geode Capital Management fully exited Tiffany & Co. in Q4 2020, selling an estimated $206M.
- Geode Capital Management's ten largest holdings make up 22% of its $596B portfolio in Q4 2020.
- Geode Capital Management opened 215 new positions and closed 100 in Q4 2020.
- Geode Capital Management's portfolio value rose 17% quarter-over-quarter to $596B.
Based on Geode Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.