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 |
Tesla
TSLA
|
+$2.41B |
| 2 |
American Tower
AMT
|
+$272M |
| 3 |
Microsoft
MSFT
|
+$271M |
| 4 |
Zoom
ZM
|
+$245M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$206M |
| 2 |
IMMU
Immunomedics Inc
IMMU
|
+$200M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$186M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$151M |
| 5 |
Pfizer
PFE
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 13.6% |
| 3 | Financials | 13.05% |
| 4 | Consumer Discretionary | 12.39% |
| 5 | Communication Services | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1201
COPT Defense Properties
CDP
$4.3B
| $43.4M | 0.01% |
1,665,083
-29,723
| -2% | -$750K |
|
|
NSA
1202
DELISTED
National Storage Affiliates Trust
NSA
| $43.4M | 0.01% |
1,204,988
-14,955
| -1% | -$516K |
|
1203
TD Synnex
SNX
$20.4B
| $43.4M | 0.01% |
533,015
-531,215
| -50% | -$40.6M |
|
1204
Commault Systems
CVLT
$4.88B
| $43.4M | 0.01% |
783,832
+44,084
| +6% | +$2.06M |
|
1205
Aaon
AAON
$7.3B
| $43.4M | 0.01% |
976,659
+41,164
| +4% | +$1.74M |
|
1206
Beam Therapeutics
BEAM
$2.63B
| $43.3M | 0.01% |
530,965
+86,275
| +19% | +$4.24M |
|
1207
Eastern Bankshares
EBC
$5.26B
| $43.3M | 0.01% |
+2,653,358
| New | +$37.7M |
|
1208
Madison Square Garden
MSGS
$9.48B
| $43.2M | 0.01% |
234,778
+43,695
| +23% | +$7.19M |
|
1209
Insperity
NSP
$1.93B
| $43.2M | 0.01% |
530,700
+24,417
| +5% | +$2M |
|
1210
DigitalBridge
DBRG
$2.93B
| $43.2M | 0.01% |
2,243,234
+412,924
| +23% | +$6.61M |
|
1211
Corcept Therapeutics
CORT
$12.4B
| $43.1M | 0.01% |
1,647,323
+135,198
| +9% | +$2.85M |
|
1212
CarGurus
CARG
$3.27B
| $43.1M | 0.01% |
1,357,712
+108,377
| +9% | +$2.68M |
|
1213
Strategy Inc
MSTR
$34.1B
| $43.1M | 0.01% |
1,108,560
-25,470
| -2% | -$595K |
|
|
ARNC
1214
DELISTED
Arconic Corporation
ARNC
| $43M | 0.01% |
1,443,838
+70,330
| +5% | +$1.85M |
|
1215
Walker & Dunlop
WD
$1.71B
| $43M | 0.01% |
466,816
+21,262
| +5% | +$1.58M |
|
1216
Integer Holdings
ITGR
$4.12B
| $42.8M | 0.01% |
527,605
+31,782
| +6% | +$2.23M |
|
1217
Stepan Co
SCL
$1.46B
| $42.8M | 0.01% |
358,568
+14,881
| +4% | +$1.75M |
|
1218
Bread Financial
BFH
$4.37B
| $42.8M | 0.01% |
723,188
+39,945
| +6% | +$2.01M |
|
|
ISBC
1219
DELISTED
Investors Bancorp, Inc.
ISBC
| $42.7M | 0.01% |
4,046,662
+391,274
| +11% | +$3.57M |
|
1220
Old National Bancorp
ONB
$10.2B
| $42.7M | 0.01% |
2,578,120
+228,692
| +10% | +$3.5M |
|
|
CHX
1221
DELISTED
ChampionX
CHX
| $42.6M | 0.01% |
2,787,319
+152,101
| +6% | +$1.69M |
|
1222
Cogent Communications
CCOI
$676M
| $42.6M | 0.01% |
710,846
-21,982
| -3% | -$1.3M |
|
1223
Hyatt Hotels
H
$16.4B
| $42.5M | 0.01% |
573,012
+200,671
| +54% | +$13.1M |
|
1224
Brinker International
EAT
$9.17B
| $42.5M | 0.01% |
750,722
+39,620
| +6% | +$1.96M |
|
1225
Avnet
AVT
$7.29B
| $42.5M | 0.01% |
1,209,094
+80,654
| +7% | +$2.39M |
|
Similar funds
Geode Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Geode Capital Management held 4,369 positions worth $596B, up 17% from $510B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Geode Capital Management's Q4 2020 filing shows 215 new, 3,067 increased, 650 reduced and 100 closed positions. Its largest new stake was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M. The largest sale was Tiffany & Co., an estimated $206M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2020 buy was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M.
- Geode Capital Management added most to Tesla in Q4 2020, an estimated $2.41B increase.
- Geode Capital Management's biggest Q4 2020 reduction was Pfizer, cutting an estimated $131M.
- Geode Capital Management fully exited Tiffany & Co. in Q4 2020, selling an estimated $206M.
- Geode Capital Management's ten largest holdings make up 22% of its $596B portfolio in Q4 2020.
- Geode Capital Management opened 215 new positions and closed 100 in Q4 2020.
- Geode Capital Management's portfolio value rose 17% quarter-over-quarter to $596B.
Based on Geode Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.