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 | |
|---|---|---|---|---|---|---|
1051
American States Water
AWR
$3.46B
| $39.3M | 0.01% |
524,836
-13,491
| -3% | -$1.04M |
|
|
ETRN
1052
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $39.3M | 0.01% |
4,647,300
+15,435
| +0.3% | +$151K |
|
1053
Western Alliance Bancorporation
WAL
$8.87B
| $39.2M | 0.01% |
1,229,017
+65,249
| +6% | +$2.32M |
|
1054
Wheaton Precious Metals
WPM
$60.9B
| $39.1M | 0.01% |
799,866
+22,238
| +3% | +$1.13M |
|
1055
Watts Water Technologies
WTS
$13.1B
| $39.1M | 0.01% |
390,685
-19,344
| -5% | -$1.77M |
|
|
MNTV
1056
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $39.1M | 0.01% |
1,768,858
+175,367
| +11% | +$4.07M |
|
1057
Cullen/Frost Bankers
CFR
$10.2B
| $39.1M | 0.01% |
610,852
-36,262
| -6% | -$2.54M |
|
1058
Viavi Solutions
VIAV
$9.66B
| $39M | 0.01% |
3,328,964
-100,813
| -3% | -$1.31M |
|
|
P
1059
Everpure Inc
P
$29.9B
| $39M | 0.01% |
2,533,062
-61,616
| -2% | -$1.01M |
|
1060
Denali Therapeutics
DNLI
$3.94B
| $38.9M | 0.01% |
1,086,129
+5,179
| +0.5% | +$156K |
|
1061
Teva Pharmaceuticals
TEVA
$41.2B
| $38.9M | 0.01% |
4,329,799
+7,540
| +0.2% | +$79.8K |
|
|
MIME
1062
DELISTED
Mimecast Limited
MIME
| $38.9M | 0.01% |
829,053
+427,526
| +106% | +$19.4M |
|
|
CHNG
1063
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $38.8M | 0.01% |
2,676,619
-55,641
| -2% | -$707K |
|
1064
Affiliated Managers Group
AMG
$9.76B
| $38.7M | 0.01% |
566,069
-183,450
| -24% | -$12.8M |
|
|
WRI
1065
DELISTED
Weingarten Realty Investors
WRI
| $38.5M | 0.01% |
2,247,650
-64,275
| -3% | -$1.13M |
|
1066
nVent Electric
NVT
$26.7B
| $38.5M | 0.01% |
2,177,909
+103,687
| +5% | +$1.94M |
|
1067
AXIS Capital
AXS
$7.55B
| $38.4M | 0.01% |
871,952
-62,482
| -7% | -$2.72M |
|
1068
Dorman Products
DORM
$4.18B
| $38.4M | 0.01% |
424,720
-11,148
| -3% | -$891K |
|
|
ACIA
1069
DELISTED
Acacia Communications Inc
ACIA
| $38.2M | 0.01% |
566,421
-3,839
| -0.7% | -$260K |
|
1070
STAAR Surgical
STAA
$1.21B
| $38.2M | 0.01% |
674,664
+128,641
| +24% | +$6.93M |
|
1071
Vertiv
VRT
$105B
| $38M | 0.01% |
2,195,537
+1,571,219
| +252% | +$24.6M |
|
|
GBT
1072
DELISTED
Global Blood Therapeutics, Inc.
GBT
| $38M | 0.01% |
688,965
-27,069
| -4% | -$1.72M |
|
1073
LGI Homes
LGIH
$1.4B
| $38M | 0.01% |
326,842
-3,590
| -1% | -$397K |
|
1074
JetBlue
JBLU
$2.29B
| $37.8M | 0.01% |
3,334,524
-136,245
| -4% | -$1.53M |
|
1075
Green Dot
GDOT
$745M
| $37.7M | 0.01% |
745,691
+44,797
| +6% | +$2.3M |
|
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.