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 |
Sherwin-Williams
SHW
|
+$1.65B |
| 2 |
Microsoft
MSFT
|
+$565M |
| 3 |
Amazon
AMZN
|
+$452M |
| 4 |
NXP Semiconductors
NXPI
|
+$315M |
| 5 |
International Flavors & Fragrances
IFF
|
+$310M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$220M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$186M |
| 3 |
Booking.com
BKNG
|
+$117M |
| 4 |
EV
Eaton Vance Corp.
EV
|
+$104M |
| 5 |
Moody's
MCO
|
+$62.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.27% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.2% |
| 4 | Consumer Discretionary | 12.31% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1001
Highwoods Properties
HIW
$3.65B
| $66.2M | 0.01% |
1,541,797
+10,448
| +0.7% | +$426K |
|
|
MNDT
1002
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $65.8M | 0.01% |
3,364,447
-44,426
| -1% | -$928K |
|
|
PSB
1003
DELISTED
PS Business Parks, Inc.
PSB
| $65.8M | 0.01% |
425,459
+35,071
| +9% | +$5.04M |
|
1004
Community Bank
CBU
$3.41B
| $65.7M | 0.01% |
856,479
+71,181
| +9% | +$5.11M |
|
1005
ONE Gas
OGS
$4.87B
| $65.6M | 0.01% |
853,530
+21,421
| +3% | +$1.56M |
|
1006
Allison Transmission
ALSN
$9.5B
| $65.4M | 0.01% |
1,602,739
-153,467
| -9% | -$6.39M |
|
1007
Olin
OLN
$2.11B
| $65.4M | 0.01% |
1,723,059
+41,589
| +2% | +$1.26M |
|
1008
Mine Safety
MSA
$7.35B
| $65.2M | 0.01% |
434,342
+15,360
| +4% | +$2.48M |
|
1009
Suncor Energy
SU
$79.4B
| $65.2M | 0.01% |
3,113,556
+242,691
| +8% | +$4.76M |
|
1010
Fastly Inc
FSLY
$3.55B
| $65.1M | 0.01% |
967,378
+39,535
| +4% | +$3.4M |
|
1011
Unifirst Corp
UNF
$5.3B
| $65M | 0.01% |
290,654
-2,096
| -0.7% | -$483K |
|
1012
Moog Inc Class A
MOG.A
$12.4B
| $64.9M | 0.01% |
780,618
+47,006
| +6% | +$3.76M |
|
|
WCC
1013
WESCO International
WCC
$16.7B
| $64.8M | 0.01% |
748,823
+54,950
| +8% | +$4.62M |
|
1014
Avis
CAR
$4.86B
| $64.8M | 0.01% |
893,089
+71,187
| +9% | +$3.68M |
|
1015
Bankunited
BKU
$3.37B
| $64.8M | 0.01% |
1,473,952
+111,941
| +8% | +$4.6M |
|
1016
Globus Medical
GMED
$10.7B
| $64.7M | 0.01% |
1,049,697
+21,343
| +2% | +$1.35M |
|
1017
Itron
ITRI
$4.36B
| $64.7M | 0.01% |
730,138
+107,092
| +17% | +$10.6M |
|
|
AL
1018
DELISTED
Air Lease Corp
AL
| $64.7M | 0.01% |
1,320,403
+48,533
| +4% | +$2.21M |
|
|
CHNG
1019
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $64.6M | 0.01% |
2,924,132
+81,628
| +3% | +$1.89M |
|
|
PRSP
1020
DELISTED
Perspecta Inc. Common Stock
PRSP
| $64.6M | 0.01% |
2,224,574
+84,655
| +4% | +$2.39M |
|
1021
Frontdoor
FTDR
$5.1B
| $64.5M | 0.01% |
1,199,810
+16,857
| +1% | +$920K |
|
1022
Rayonier
RYN
$6.55B
| $64.4M | 0.01% |
2,202,540
+79,460
| +4% | +$2.34M |
|
1023
Lazard
LAZ
$4.13B
| $64.4M | 0.01% |
1,479,986
-108,919
| -7% | -$4.63M |
|
|
PPD
1024
DELISTED
PPD, Inc. Common Stock
PPD
| $64.4M | 0.01% |
1,703,472
+50,989
| +3% | +$1.83M |
|
1025
Rapid7
RPD
$645M
| $64.3M | 0.01% |
862,168
+66,719
| +8% | +$5.54M |
|
Similar funds
Geode Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Geode Capital Management held 4,537 positions worth $654B, up 9.7% from $596B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management deployed $22.8B of net new capital in Q1 2021, opening 282 new positions and adding to 3,569 existing holdings. Its largest new stake was Texas Pacific Land: 546,273 shares worth $96.5M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $220M trimmed.
- Geode Capital Management's largest Q1 2021 buy was Texas Pacific Land: 546,273 shares worth $96.5M.
- Geode Capital Management added most to Sherwin-Williams in Q1 2021, an estimated $1.65B increase.
- Geode Capital Management's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $220M.
- Geode Capital Management fully exited CONCHO RESOURCES INC. in Q1 2021, selling an estimated $186M.
- Geode Capital Management's ten largest holdings make up 21% of its $654B portfolio in Q1 2021.
- Geode Capital Management opened 282 new positions and closed 88 in Q1 2021.
- Geode Capital Management's portfolio value rose 9.7% quarter-over-quarter to $654B.
Based on Geode Capital Management's 13F filing for Q1 2021, filed 12 May 2021.