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 | |
|---|---|---|---|---|---|---|
1226
CoreCivic
CXW
$2.98B
| $22.1M | 0.01% |
1,981,592
+106,375
| +6% | +$1.59M |
|
1227
Energizer
ENR
$1.48B
| $22.1M | 0.01% |
730,661
+28,175
| +4% | +$1.28M |
|
1228
CONMED
CNMD
$1.51B
| $22.1M | 0.01% |
385,863
+4,117
| +1% | +$380K |
|
|
FIT
1229
DELISTED
Fitbit, Inc. Class A common stock
FIT
| $22.1M | 0.01% |
3,313,529
-331,729
| -9% | -$2.14M |
|
1230
Kennametal
KMT
$2.75B
| $22M | 0.01% |
1,181,874
+105,088
| +10% | +$3M |
|
1231
Xencor
XNCR
$1.48B
| $21.9M | 0.01% |
731,565
+42,466
| +6% | +$1.41M |
|
|
SFBS
1232
ServisFirst Bancshares
SFBS
$4.97B
| $21.9M | 0.01% |
745,401
+48,132
| +7% | +$1.69M |
|
1233
MillerKnoll
MLKN
$1.66B
| $21.8M | 0.01% |
983,705
-214,408
| -18% | -$7.41M |
|
1234
First Financial Bancorp
FFBC
$3.62B
| $21.8M | 0.01% |
1,463,807
+115,897
| +9% | +$2.49M |
|
1235
Cleveland-Cliffs
CLF
$7.02B
| $21.8M | 0.01% |
5,515,053
+2,038,877
| +59% | +$12.8M |
|
|
HI
1236
DELISTED
Hillenbrand
HI
| $21.8M | 0.01% |
1,139,329
+13,233
| +1% | +$344K |
|
|
EPAY
1237
DELISTED
Bottomline Technologies Inc
EPAY
| $21.7M | 0.01% |
592,816
+39,407
| +7% | +$1.82M |
|
|
VISN
1238
Vistance Networks Inc
VISN
$2.82B
| $21.6M | 0.01% |
2,369,200
+6,517
| +0.3% | +$75.7K |
|
1239
First Merchants
FRME
$2.73B
| $21.6M | 0.01% |
814,025
+55,679
| +7% | +$2.03M |
|
|
GRA
1240
DELISTED
W.R. Grace & Co.
GRA
| $21.5M | 0.01% |
605,147
+15,534
| +3% | +$887K |
|
1241
Sabre
SABR
$838M
| $21.5M | 0.01% |
3,633,840
+77,386
| +2% | +$1.29M |
|
|
HTO
1242
H2O America
HTO
$2.6B
| $21.5M | 0.01% |
371,787
+23,673
| +7% | +$1.59M |
|
1243
Cavco Industries
CVCO
$4.36B
| $21.4M | 0.01% |
147,988
+9,988
| +7% | +$1.96M |
|
1244
PENN Entertainment
PENN
$2.68B
| $21.4M | 0.01% |
1,692,649
+196,141
| +13% | +$4.93M |
|
|
UCB
1245
United Community Banks
UCB
$4.33B
| $21.4M | 0.01% |
1,166,346
+76,115
| +7% | +$1.96M |
|
1246
CGI
GIB
$15.4B
| $21.3M | 0.01% |
395,320
+29,859
| +8% | +$2.17M |
|
1247
Insmed
INSM
$21.4B
| $21.3M | 0.01% |
1,330,184
+114,973
| +9% | +$2.73M |
|
1248
EQT Corp
EQT
$33B
| $21.3M | 0.01% |
3,012,092
+81,844
| +3% | +$575K |
|
1249
BCE
BCE
$20.5B
| $21.3M | 0.01% |
464,028
+78,560
| +20% | +$3.52M |
|
1250
Open Text
OTEX
$6.41B
| $21.3M | 0.01% |
611,097
+29,650
| +5% | +$1.26M |
|
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.