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
|
+$524M |
| 2 |
Meta Platforms (Facebook)
META
|
+$458M |
| 3 |
Otis Worldwide
OTIS
|
+$345M |
| 4 |
T-Mobile US
TMUS
|
+$307M |
| 5 |
AbbVie
ABBV
|
+$280M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$878M |
| 2 |
RTN
Raytheon Company
RTN
|
+$537M |
| 3 |
Bristol-Myers Squibb
BMY
|
+$435M |
| 4 |
Apple
AAPL
|
+$389M |
| 5 |
Accenture
ACN
|
+$216M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.72% |
| 2 | Healthcare | 14.52% |
| 3 | Financials | 12.98% |
| 4 | Consumer Discretionary | 10.98% |
| 5 | Communication Services | 9.74% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1251
First Hawaiian
FHB
$3.35B
| $28.2M | 0.01% |
1,638,047
+9,662
| +0.6% | +$162K |
|
1252
CGI
GIB
$15.5B
| $28.2M | 0.01% |
448,263
+52,943
| +13% | +$3.3M |
|
1253
PennyMac Financial
PFSI
$4.02B
| $28.1M | 0.01% |
671,959
+185,906
| +38% | +$5.89M |
|
|
THS
1254
DELISTED
Treehouse Foods
THS
| $28.1M | 0.01% |
640,776
+2,132
| +0.3% | +$104K |
|
1255
NovoCure
NVCR
$1.85B
| $28.1M | 0.01% |
473,233
-150,846
| -24% | -$9.92M |
|
1256
AtriCure
ATRC
$2.08B
| $28M | 0.01% |
623,050
+47,060
| +8% | +$2.05M |
|
1257
Viasat
VSAT
$11.3B
| $28M | 0.01% |
729,171
+10,501
| +1% | +$427K |
|
1258
Prestige Consumer Healthcare
PBH
$2.59B
| $28M | 0.01% |
744,512
-8,515
| -1% | -$341K |
|
1259
Clearway Energy Class C
CWEN
$6.74B
| $27.9M | 0.01% |
1,210,334
-83,965
| -6% | -$1.78M |
|
|
KW
1260
DELISTED
Kennedy-Wilson Holdings
KW
| $27.8M | 0.01% |
1,829,581
+62,944
| +4% | +$906K |
|
1261
Under Armour Class C
UA
$2.58B
| $27.8M | 0.01% |
3,145,913
+186,036
| +6% | +$1.58M |
|
1262
Cavco Industries
CVCO
$4.59B
| $27.7M | 0.01% |
143,896
-4,092
| -3% | -$670K |
|
1263
Valmont Industries
VMI
$9.55B
| $27.7M | 0.01% |
243,929
-4,939
| -2% | -$548K |
|
1264
Simmons First National
SFNC
$3.4B
| $27.7M | 0.01% |
1,618,847
+48,526
| +3% | +$831K |
|
|
MDC
1265
DELISTED
M.D.C. Holdings, Inc.
MDC
| $27.7M | 0.01% |
836,752
+19,128
| +2% | +$529K |
|
1266
Global Net Lease
GNL
$1.92B
| $27.6M | 0.01% |
1,651,465
+368,833
| +29% | +$5.28M |
|
|
B
1267
DELISTED
Barnes Group Inc.
B
| $27.6M | 0.01% |
698,299
+39,736
| +6% | +$1.53M |
|
1268
FNB Corp
FNB
$6.74B
| $27.6M | 0.01% |
3,673,668
-204,076
| -5% | -$1.54M |
|
|
MIC
1269
DELISTED
Macquarie Infrastructure Holdings, LLC
MIC
| $27.5M | 0.01% |
896,824
+2,033
| +0.2% | +$56.3K |
|
1270
Vipshop
VIPS
$7.48B
| $27.5M | 0.01% |
1,384,579
+172,919
| +14% | +$2.97M |
|
1271
Hamilton Lane
HLNE
$5.62B
| $27.5M | 0.01% |
407,580
+48,109
| +13% | +$3.03M |
|
1272
Wolverine World Wide
WWW
$1.57B
| $27.4M | 0.01% |
1,149,460
+76,877
| +7% | +$1.56M |
|
|
LTC
1273
LTC Properties
LTC
$2.13B
| $27.3M | 0.01% |
725,566
+2,492
| +0.3% | +$88.7K |
|
1274
Cohen & Steers
CNS
$4.33B
| $27.2M | 0.01% |
399,798
+2,686
| +0.7% | +$162K |
|
|
SFBS
1275
ServisFirst Bancshares
SFBS
$4.86B
| $27.2M | 0.01% |
760,426
+15,025
| +2% | +$496K |
|
Similar funds
Geode Capital Management's Q2 2020 Portfolio in Review
As of Q2 2020, Geode Capital Management held 4,219 positions worth $467B, up 22% from $384B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Geode Capital Management's Q2 2020 filing shows 118 new, 2,550 increased, 1,055 reduced and 119 closed positions. Its largest new stake was Otis Worldwide: 6,650,358 shares worth $377M. The largest sale was Allergan plc, an estimated $878M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 22% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q2 2020 buy was Otis Worldwide: 6,650,358 shares worth $377M.
- Geode Capital Management added most to Amazon in Q2 2020, an estimated $524M increase.
- Geode Capital Management's biggest Q2 2020 reduction was Bristol-Myers Squibb, cutting an estimated $435M.
- Geode Capital Management fully exited Allergan plc in Q2 2020, selling an estimated $878M.
- Geode Capital Management's ten largest holdings make up 23% of its $467B portfolio in Q2 2020.
- Geode Capital Management opened 118 new positions and closed 119 in Q2 2020.
- Geode Capital Management's portfolio value rose 22% quarter-over-quarter to $467B.
Based on Geode Capital Management's 13F filing for Q2 2020, filed 13 Aug 2020.