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
|
+$420M |
| 2 |
Zoom
ZM
|
+$370M |
| 3 |
Uber
UBER
|
+$267M |
| 4 |
Intel
INTC
|
+$247M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$143M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$421M |
| 2 |
AbbVie
ABBV
|
+$266M |
| 3 |
Amgen
AMGN
|
+$212M |
| 4 |
PPLI
People Inc
PPLI
|
+$207M |
| 5 |
Eli Lilly
LLY
|
+$100M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.49% |
| 2 | Healthcare | 14.08% |
| 3 | Financials | 12.39% |
| 4 | Consumer Discretionary | 12.01% |
| 5 | Communication Services | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Cracker Barrel
CBRL
$1.31B
| $41M | 0.01% |
357,429
-5,234
| -1% | -$613K |
|
1027
Trupanion
TRUP
$1.18B
| $40.8M | 0.01% |
516,867
-10,478
| -2% | -$629K |
|
1028
Nutrien
NTR
$30.8B
| $40.7M | 0.01% |
1,031,425
+43,602
| +4% | +$1.59M |
|
1029
National Fuel Gas
NFG
$7.67B
| $40.6M | 0.01% |
999,059
-20,579
| -2% | -$876K |
|
1030
Blackbaud
BLKB
$2.07B
| $40.5M | 0.01% |
726,286
-21,771
| -3% | -$1.3M |
|
1031
Tenet Healthcare
THC
$21.1B
| $40.4M | 0.01% |
1,649,691
+17,596
| +1% | +$450K |
|
1032
Integra LifeSciences
IART
$1.33B
| $40.4M | 0.01% |
854,746
-34,498
| -4% | -$1.64M |
|
1033
Spire
SR
$4.81B
| $40.3M | 0.01% |
757,524
-15,650
| -2% | -$933K |
|
1034
United Bankshares
UBSI
$6.63B
| $40.2M | 0.01% |
1,873,913
-51,134
| -3% | -$1.33M |
|
1035
COPT Defense Properties
CDP
$4.23B
| $40.2M | 0.01% |
1,694,806
-21,142
| -1% | -$527K |
|
1036
Targa Resources
TRGP
$55.9B
| $40.1M | 0.01% |
2,857,634
-102,199
| -3% | -$1.8M |
|
1037
Rayonier
RYN
$6.51B
| $40.1M | 0.01% |
1,670,545
-114,168
| -6% | -$2.84M |
|
|
NSA
1038
DELISTED
National Storage Affiliates Trust
NSA
| $39.9M | 0.01% |
1,219,943
+14,038
| +1% | +$451K |
|
1039
StoneCo
STNE
$2.58B
| $39.8M | 0.01% |
753,155
+122,369
| +19% | +$5.85M |
|
1040
Ares Management
ARES
$31.1B
| $39.8M | 0.01% |
985,228
+100,819
| +11% | +$4.03M |
|
1041
Globant
GLOB
$1.6B
| $39.8M | 0.01% |
222,648
+7,665
| +4% | +$1.32M |
|
1042
Valvoline
VVV
$4.52B
| $39.7M | 0.01% |
2,086,325
-185,865
| -8% | -$3.84M |
|
1043
Tenable Holdings
TENB
$3.97B
| $39.6M | 0.01% |
1,049,945
+241,374
| +30% | +$8.28M |
|
1044
Papa John's
PZZA
$800M
| $39.6M | 0.01% |
481,639
+72,732
| +18% | +$6.68M |
|
1045
U-Haul Holding Co
UHAL
$14.7B
| $39.6M | 0.01% |
1,112,970
+30,840
| +3% | +$1.05M |
|
|
JBTM
1046
JBT Marel
JBTM
$6.45B
| $39.6M | 0.01% |
430,969
-15,072
| -3% | -$1.44M |
|
|
PRSP
1047
DELISTED
Perspecta Inc. Common Stock
PRSP
| $39.6M | 0.01% |
2,035,648
-124,311
| -6% | -$2.62M |
|
1048
EQT Corp
EQT
$32.4B
| $39.5M | 0.01% |
3,057,943
-251,622
| -8% | -$3.69M |
|
|
FL
1049
DELISTED
Foot Locker
FL
| $39.5M | 0.01% |
1,194,527
-73,079
| -6% | -$2.23M |
|
1050
Eagle Materials
EXP
$6.58B
| $39.4M | 0.01% |
456,088
-18,466
| -4% | -$1.49M |
|
Similar funds
Geode Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Geode Capital Management held 4,244 positions worth $510B, up 9.2% from $467B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Geode Capital Management's Q3 2020 filing shows 144 new, 2,112 increased, 1,496 reduced and 90 closed positions. Its largest new stake was Snowflake: 195,170 shares worth $48.9M. The largest sale was Apple, an estimated $421M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2020 buy was Snowflake: 195,170 shares worth $48.9M.
- Geode Capital Management added most to Amazon in Q3 2020, an estimated $420M increase.
- Geode Capital Management's biggest Q3 2020 reduction was Apple, cutting an estimated $421M.
- Geode Capital Management fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $84.5M.
- Geode Capital Management's ten largest holdings make up 23% of its $510B portfolio in Q3 2020.
- Geode Capital Management opened 144 new positions and closed 90 in Q3 2020.
- Geode Capital Management's portfolio value rose 9.2% quarter-over-quarter to $510B.
Based on Geode Capital Management's 13F filing for Q3 2020, filed 13 Nov 2020.