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 | |
|---|---|---|---|---|---|---|
1326
8x8 Inc
EGHT
$318M
| $19M | ﹤0.01% |
1,368,150
+94,182
| +7% | +$1.72M |
|
1327
Meritage Homes
MTH
$4.86B
| $18.9M | ﹤0.01% |
1,035,362
-84,392
| -8% | -$2.56M |
|
1328
Ligand Pharmaceuticals
LGND
$6.03B
| $18.9M | ﹤0.01% |
416,496
+15,897
| +4% | +$901K |
|
1329
McGrath RentCorp
MGRC
$2.94B
| $18.9M | ﹤0.01% |
360,505
+21,769
| +6% | +$1.53M |
|
|
FG
1330
DELISTED
FGL Holdings Ordinary Shares
FG
| $18.9M | ﹤0.01% |
1,925,265
+144,096
| +8% | +$1.52M |
|
1331
First Bancorp
FBP
$4.46B
| $18.9M | ﹤0.01% |
3,543,363
+239,547
| +7% | +$1.97M |
|
1332
Telephone and Data Systems
TDS
$4.07B
| $18.8M | ﹤0.01% |
1,124,330
+14,604
| +1% | +$317K |
|
1333
Zillow
ZG
$8.47B
| $18.8M | ﹤0.01% |
554,575
+27,754
| +5% | +$1.27M |
|
|
PRA
1334
DELISTED
ProAssurance
PRA
| $18.8M | ﹤0.01% |
753,438
+52,348
| +7% | +$1.58M |
|
1335
Vipshop
VIPS
$7.49B
| $18.8M | ﹤0.01% |
1,211,660
+78,059
| +7% | +$1.11M |
|
1336
Comfort Systems
FIX
$62.5B
| $18.7M | ﹤0.01% |
512,589
+26,952
| +6% | +$1.19M |
|
|
TWNK
1337
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $18.7M | ﹤0.01% |
1,757,153
+114,434
| +7% | +$1.45M |
|
|
TPH
1338
DELISTED
Tri Pointe Homes
TPH
| $18.7M | ﹤0.01% |
2,132,869
+71,070
| +3% | +$1.04M |
|
1339
Beyond Meat
BYND
$327M
| $18.7M | ﹤0.01% |
280,531
+16,853
| +6% | +$1.64M |
|
1340
Safety Insurance
SAFT
$1.52B
| $18.7M | ﹤0.01% |
221,031
+12,924
| +6% | +$1.13M |
|
1341
Liberty Latin America Class C
LILAK
$1.67B
| $18.6M | ﹤0.01% |
2,121,351
+212,553
| +11% | +$2.86M |
|
1342
Kratos Defense & Security Solutions
KTOS
$9.73B
| $18.6M | ﹤0.01% |
1,346,116
+91,373
| +7% | +$1.57M |
|
1343
ICF International
ICFI
$1.56B
| $18.6M | ﹤0.01% |
270,975
+12,814
| +5% | +$1.05M |
|
|
TRTN
1344
DELISTED
Triton International Limited
TRTN
| $18.6M | ﹤0.01% |
719,447
+31,140
| +5% | +$1.07M |
|
1345
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.97B
| $18.6M | ﹤0.01% |
910,340
+71,631
| +9% | +$2.26M |
|
1346
Urban Edge Properties
UE
$2.81B
| $18.6M | ﹤0.01% |
2,108,461
+132,000
| +7% | +$2.17M |
|
1347
Coca-Cola Consolidated
COKE
$12B
| $18.6M | ﹤0.01% |
890,720
-106,250
| -11% | -$2.65M |
|
1348
Employers Holdings
EIG
$911M
| $18.5M | ﹤0.01% |
457,463
+26,238
| +6% | +$1.07M |
|
1349
BP
BP
$109B
| $18.5M | ﹤0.01% |
758,915
+234,157
| +45% | +$7.57M |
|
1350
Worthington Enterprises
WOR
$2.89B
| $18.5M | ﹤0.01% |
1,141,510
+93,447
| +9% | +$1.95M |
|
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.