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 | |
|---|---|---|---|---|---|---|
1301
Dorman Products
DORM
$3.98B
| $38.2M | 0.01% |
439,788
+15,068
| +4% | +$1.4M |
|
1302
Choice Hotels
CHH
$5.07B
| $38.1M | 0.01% |
357,030
+22,175
| +7% | +$2.16M |
|
1303
Gibraltar Industries
ROCK
$1.25B
| $38.1M | 0.01% |
529,555
+38,433
| +8% | +$2.57M |
|
1304
Liberty Global Class A
LBTYA
$3.62B
| $38M | 0.01% |
1,572,120
+20,822
| +1% | +$464K |
|
1305
Allegiant Air
ALGT
$2.64B
| $37.9M | 0.01% |
200,441
+6,579
| +3% | +$1.01M |
|
|
IBTX
1306
DELISTED
Independent Bank Group, Inc.
IBTX
| $37.6M | 0.01% |
601,220
+27,567
| +5% | +$1.53M |
|
1307
Array Technologies
ARRY
$803M
| $37.6M | 0.01% |
+871,159
| New | +$35.1M |
|
1308
Hamilton Lane
HLNE
$4.91B
| $37.6M | 0.01% |
481,202
+18,401
| +4% | +$1.33M |
|
|
IRBT
1309
DELISTED
iRobot
IRBT
| $37.6M | 0.01% |
467,767
+61,694
| +15% | +$5.02M |
|
1310
Wolverine World Wide
WWW
$1.61B
| $37.5M | 0.01% |
1,201,419
+85,060
| +8% | +$2.48M |
|
1311
APi Group
APG
$17.1B
| $37.5M | 0.01% |
3,100,875
+314,007
| +11% | +$3.33M |
|
1312
J&J Snack Foods
JJSF
$1.43B
| $37.4M | 0.01% |
241,016
+10,789
| +5% | +$1.57M |
|
|
GRA
1313
DELISTED
W.R. Grace & Co.
GRA
| $37.4M | 0.01% |
683,050
+15,525
| +2% | +$781K |
|
|
UCB
1314
United Community Banks
UCB
$4.24B
| $37.4M | 0.01% |
1,314,574
+89,355
| +7% | +$2.11M |
|
1315
Group 1 Automotive
GPI
$3.42B
| $37.4M | 0.01% |
284,844
+18,660
| +7% | +$2.24M |
|
1316
Moelis & Co
MC
$4.97B
| $37.4M | 0.01% |
798,840
+54,269
| +7% | +$2.18M |
|
1317
ABM Industries
ABM
$2.81B
| $37.3M | 0.01% |
985,314
+63,852
| +7% | +$2.42M |
|
|
AEL
1318
DELISTED
American Equity Investment Life Holding Company
AEL
| $37.3M | 0.01% |
1,347,825
+88,837
| +7% | +$2.45M |
|
|
DCPH
1319
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $37.3M | 0.01% |
652,839
+35,552
| +6% | +$2.11M |
|
1320
Independent Bank
INDB
$3.99B
| $37.2M | 0.01% |
509,466
+33,502
| +7% | +$2.18M |
|
|
UNVR
1321
DELISTED
Univar Solutions Inc.
UNVR
| $37.2M | 0.01% |
1,956,634
+147,948
| +8% | +$2.67M |
|
1322
Silgan Holdings
SLGN
$4.23B
| $37.1M | 0.01% |
1,001,133
-19,958
| -2% | -$719K |
|
1323
CGI
GIB
$15.1B
| $37.1M | 0.01% |
470,187
+25,361
| +6% | +$1.81M |
|
|
PDM
1324
Piedmont Realty Trust
PDM
$1.21B
| $37.1M | 0.01% |
2,286,577
-27,478
| -1% | -$405K |
|
1325
LGI Homes
LGIH
$1.27B
| $37.1M | 0.01% |
350,303
+23,461
| +7% | +$2.67M |
|
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.