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 | |
|---|---|---|---|---|---|---|
1251
Four Corners Property Trust
FCPT
$2.81B
| $40.9M | 0.01% |
1,373,538
+27,016
| +2% | +$757K |
|
1252
MACOM Technology Solutions
MTSI
$19.2B
| $40.7M | 0.01% |
739,913
+51,442
| +7% | +$2.19M |
|
1253
California Water Service
CWT
$3.1B
| $40.7M | 0.01% |
753,710
+51,786
| +7% | +$2.55M |
|
|
STL
1254
DELISTED
Sterling Bancorp
STL
| $40.7M | 0.01% |
2,264,442
+199,220
| +10% | +$3M |
|
1255
Vishay Intertechnology
VSH
$5.25B
| $40.7M | 0.01% |
1,965,817
+64,233
| +3% | +$1.18M |
|
|
SNBR
1256
DELISTED
Sleep Number
SNBR
| $40.6M | 0.01% |
496,338
+26,833
| +6% | +$1.86M |
|
|
MDRX
1257
DELISTED
Veradigm Inc. Common Stock
MDRX
| $40.6M | 0.01% |
2,812,531
-27,942
| -1% | -$338K |
|
1258
Schrodinger
SDGR
$1.13B
| $40.6M | 0.01% |
512,235
+35,340
| +7% | +$2.22M |
|
1259
Armstrong World Industries
AWI
$7.38B
| $40.5M | 0.01% |
544,369
+16,116
| +3% | +$1.16M |
|
1260
Essential Properties Realty Trust
EPRT
$6.77B
| $40.4M | 0.01% |
1,906,976
+56,326
| +3% | +$1.1M |
|
1261
First Hawaiian
FHB
$3.38B
| $40.4M | 0.01% |
1,713,563
+157,487
| +10% | +$3.15M |
|
|
AQUA
1262
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
| $40.4M | 0.01% |
1,497,332
+177,011
| +13% | +$4.39M |
|
|
CADE
1263
DELISTED
Cadence Bank
CADE
| $40.3M | 0.01% |
1,469,657
+122,371
| +9% | +$3.09M |
|
1264
Alkermes
ALKS
$8.22B
| $40.3M | 0.01% |
2,018,267
+183,291
| +10% | +$3.35M |
|
|
AZEK
1265
DELISTED
The AZEK Co
AZEK
| $40.3M | 0.01% |
1,046,838
+415,354
| +66% | +$15M |
|
1266
Goodyear
GT
$2B
| $40.2M | 0.01% |
3,687,094
+240,849
| +7% | +$2.43M |
|
1267
MGE Energy Inc
MGEE
$3B
| $40.1M | 0.01% |
573,312
+39,735
| +7% | +$2.74M |
|
1268
Grocery Outlet
GO
$909M
| $40.1M | 0.01% |
1,022,040
+89,724
| +10% | +$3.62M |
|
1269
Evertec
EVTC
$1.88B
| $40.1M | 0.01% |
1,019,764
+30,181
| +3% | +$1.12M |
|
1270
Columbia Banking Systems
COLB
$8.84B
| $40M | 0.01% |
1,115,582
+84,670
| +8% | +$2.62M |
|
1271
Coty
COTY
$2.42B
| $40M | 0.01% |
5,701,381
+2,519,879
| +79% | +$13M |
|
1272
News Corp Class B
NWS
$16.9B
| $40M | 0.01% |
2,253,475
+47,924
| +2% | +$771K |
|
1273
Brighthouse Financial
BHF
$3.56B
| $39.9M | 0.01% |
1,101,396
+25,872
| +2% | +$869K |
|
1274
Arcosa
ACA
$7.13B
| $39.8M | 0.01% |
725,031
+56,155
| +8% | +$2.87M |
|
1275
Clearway Energy Class C
CWEN
$4.94B
| $39.8M | 0.01% |
1,247,152
+78,559
| +7% | +$2.36M |
|
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.