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 | |
|---|---|---|---|---|---|---|
1126
Columbia Sportswear
COLM
$2.98B
| $26M | 0.01% |
373,260
+7,137
| +2% | +$606K |
|
1127
Atlantic Union Bankshares
AUB
$6.15B
| $25.9M | 0.01% |
1,182,347
+89,530
| +8% | +$2.77M |
|
1128
Bank OZK
OZK
$5.7B
| $25.9M | 0.01% |
1,548,263
+55,342
| +4% | +$1.42M |
|
1129
Viasat
VSAT
$12B
| $25.8M | 0.01% |
718,670
+43,887
| +7% | +$2.53M |
|
1130
Casella Waste Systems
CWST
$5.77B
| $25.8M | 0.01% |
660,643
+33,450
| +5% | +$1.62M |
|
1131
Rogers Corp
ROG
$2.34B
| $25.7M | 0.01% |
272,645
+14,517
| +6% | +$1.65M |
|
1132
Agios Pharmaceuticals
AGIO
$1.85B
| $25.7M | 0.01% |
725,185
+42,314
| +6% | +$1.96M |
|
1133
EXL Service
EXLS
$5.15B
| $25.7M | 0.01% |
2,468,835
+114,120
| +5% | +$1.56M |
|
1134
AppFolio
APPF
$6.86B
| $25.7M | 0.01% |
231,450
+24,597
| +12% | +$2.93M |
|
1135
Lithia Motors
LAD
$8.12B
| $25.7M | 0.01% |
313,624
-7,938
| -2% | -$958K |
|
1136
Avient
AVNT
$3.47B
| $25.6M | 0.01% |
1,350,842
+274,935
| +26% | +$7.69M |
|
1137
SPS Commerce
SPSC
$2.68B
| $25.6M | 0.01% |
549,728
+31,306
| +6% | +$1.65M |
|
|
MNDT
1138
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $25.6M | 0.01% |
2,415,846
+107,120
| +5% | +$1.54M |
|
1139
iShares MSCI Taiwan ETF
EWT
$10.6B
| – | – |
0
| – | – |
|
|
PINC
1140
DELISTED
Premier
PINC
| $25.5M | 0.01% |
779,250
+32,577
| +4% | +$1.06M |
|
|
CCXI
1141
DELISTED
ChemoCentryx, Inc.
CCXI
| $25.5M | 0.01% |
634,532
+60,979
| +11% | +$2.59M |
|
|
CHNG
1142
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $25.4M | 0.01% |
2,544,983
+1,973,998
| +346% | +$27.6M |
|
1143
Teradata
TDC
$3.15B
| $25.3M | 0.01% |
1,236,964
+13,772
| +1% | +$317K |
|
|
STL
1144
DELISTED
Sterling Bancorp
STL
| $25.3M | 0.01% |
2,424,606
+91,999
| +4% | +$1.59M |
|
|
CXP
1145
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
| $25.3M | 0.01% |
2,022,920
+120,399
| +6% | +$2.26M |
|
|
VRE
1146
DELISTED
Veris Residential
VRE
| $25.2M | 0.01% |
1,657,760
+80,648
| +5% | +$1.65M |
|
1147
RLJ Lodging Trust
RLJ
$1.88B
| $25M | 0.01% |
3,243,909
+16,607
| +0.5% | +$223K |
|
|
NEWR
1148
DELISTED
New Relic, Inc.
NEWR
| $25M | 0.01% |
539,915
+22,308
| +4% | +$1.3M |
|
1149
Merit Medical Systems
MMSI
$5.06B
| $25M | 0.01% |
798,440
+55,320
| +7% | +$1.97M |
|
1150
Insight Enterprises
NSIT
$4.17B
| $24.9M | 0.01% |
590,212
+18,965
| +3% | +$1.1M |
|
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.