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 |
Apple
AAPL
|
+$499M |
| 2 |
Microsoft
MSFT
|
+$376M |
| 3 |
Amazon
AMZN
|
+$286M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$248M |
| 2 |
LPT
Liberty Property Trust
LPT
|
+$148M |
| 3 |
Procter & Gamble
PG
|
+$122M |
| 4 |
Visa
V
|
+$92.4M |
| 5 |
MDCO
Medicines Co
MDCO
|
+$89.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.12% |
| 2 | Healthcare | 15.34% |
| 3 | Financials | 13.68% |
| 4 | Consumer Discretionary | 9.77% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PACW
1051
DELISTED
PacWest Bancorp
PACW
| $29.4M | 0.01% |
1,620,770
+130,412
| +9% | +$4.09M |
|
|
CLGX
1052
DELISTED
Corelogic, Inc.
CLGX
| $29.4M | 0.01% |
961,230
+18,601
| +2% | +$824K |
|
1053
Assured Guaranty
AGO
$3.72B
| $29.2M | 0.01% |
1,132,055
+61,709
| +6% | +$2.55M |
|
1054
Carvana
CVNA
$72.7B
| $29.1M | 0.01% |
2,641,345
+120,900
| +5% | +$1.87M |
|
1055
Liberty Global Class A
LBTYA
$3.71B
| $29M | 0.01% |
1,760,518
+144,914
| +9% | +$2.86M |
|
1056
SouthState Bank Corp
SSB
$10.5B
| $29M | 0.01% |
493,286
+28,624
| +6% | +$2.12M |
|
1057
Franklin Electric
FELE
$4.73B
| $29M | 0.01% |
614,334
+29,686
| +5% | +$1.64M |
|
1058
Valvoline
VVV
$4.95B
| $28.9M | 0.01% |
2,208,482
-4,164
| -0.2% | -$79.8K |
|
|
ISBC
1059
DELISTED
Investors Bancorp, Inc.
ISBC
| $28.9M | 0.01% |
3,617,919
+58,276
| +2% | +$627K |
|
|
SPR
1060
DELISTED
Spirit AeroSystems
SPR
| $28.9M | 0.01% |
1,208,667
+93,037
| +8% | +$5.15M |
|
1061
Simmons First National
SFNC
$3.45B
| $28.9M | 0.01% |
1,570,321
+96,410
| +7% | +$2.19M |
|
|
IBKC
1062
DELISTED
IBERIABANK Corp
IBKC
| $28.8M | 0.01% |
797,354
+41,735
| +6% | +$2.6M |
|
1063
Itron
ITRI
$4.42B
| $28.8M | 0.01% |
515,608
-16,207
| -3% | -$1.23M |
|
|
FL
1064
DELISTED
Foot Locker
FL
| $28.7M | 0.01% |
1,300,443
+34,338
| +3% | +$1.17M |
|
1065
FNB Corp
FNB
$6.83B
| $28.6M | 0.01% |
3,877,744
+84,250
| +2% | +$889K |
|
1066
Hancock Whitney
HWC
$6.26B
| $28.5M | 0.01% |
1,461,002
+47,546
| +3% | +$1.64M |
|
1067
Commercial Metals
CMC
$7.77B
| $28.5M | 0.01% |
1,805,485
+254,529
| +16% | +$4.85M |
|
|
BDN
1068
Brandywine Realty Trust
BDN
$541M
| $28.5M | 0.01% |
2,707,165
+121,728
| +5% | +$1.72M |
|
1069
J&J Snack Foods
JJSF
$1.48B
| $28.4M | 0.01% |
235,108
+12,580
| +6% | +$2.03M |
|
1070
Commault Systems
CVLT
$5.18B
| $28.4M | 0.01% |
702,337
+31,708
| +5% | +$1.37M |
|
1071
Columbia Banking Systems
COLB
$8.91B
| $28.3M | 0.01% |
1,056,379
+54,750
| +5% | +$1.92M |
|
1072
Nutanix
NTNX
$16.5B
| $28.2M | 0.01% |
1,786,527
+100,870
| +6% | +$2.83M |
|
|
THS
1073
DELISTED
Treehouse Foods
THS
| $28.2M | 0.01% |
638,644
+23,698
| +4% | +$1.02M |
|
1074
Sanmina
SANM
$10.4B
| $28.1M | 0.01% |
1,031,015
+43,599
| +4% | +$1.27M |
|
1075
Louisiana-Pacific
LPX
$5.15B
| $28.1M | 0.01% |
1,634,498
+69,255
| +4% | +$1.92M |
|
Similar funds
Geode Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Geode Capital Management held 4,292 positions worth $384B, down 20% from $478B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management's Q1 2020 filing shows 103 new, 3,113 increased, 564 reduced and 177 closed positions. Its largest new stake was Perdoceo Education: 1,042,040 shares worth $11.2M. The largest sale was Wellcare Health Plans, Inc., an estimated $248M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2020 buy was Perdoceo Education: 1,042,040 shares worth $11.2M.
- Geode Capital Management added most to Apple in Q1 2020, an estimated $499M increase.
- Geode Capital Management's biggest Q1 2020 reduction was Procter & Gamble, cutting an estimated $122M.
- Geode Capital Management fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $248M.
- Geode Capital Management's ten largest holdings make up 21% of its $384B portfolio in Q1 2020.
- Geode Capital Management opened 103 new positions and closed 177 in Q1 2020.
- Geode Capital Management's portfolio value fell 20% quarter-over-quarter to $384B.
Based on Geode Capital Management's 13F filing for Q1 2020, filed 14 May 2020.