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 | |
|---|---|---|---|---|---|---|
1326
Pembina Pipeline
PBA
$27.9B
| $25.4M | 0.01% |
998,541
+76,962
| +8% | +$1.78M |
|
1327
Inspire Medical Systems
INSP
$1.7B
| $25.4M | 0.01% |
292,016
+95,107
| +48% | +$7.31M |
|
1328
Sanmina
SANM
$11B
| $25.3M | 0.01% |
1,011,638
-19,377
| -2% | -$510K |
|
|
AGR
1329
DELISTED
Avangrid, Inc.
AGR
| $25.3M | 0.01% |
602,979
-21,825
| -3% | -$937K |
|
1330
NCR Voyix
VYX
$1.16B
| $25.2M | 0.01% |
2,375,265
-36,538
| -2% | -$419K |
|
|
TERP
1331
DELISTED
TerraForm Power, Inc
TERP
| $25.1M | 0.01% |
1,363,211
+44,982
| +3% | +$796K |
|
|
PPD
1332
DELISTED
PPD, Inc. Common Stock
PPD
| $25.1M | 0.01% |
936,959
+485,860
| +108% | +$12.1M |
|
1333
Cardlytics
CDLX
$20.7M
| $25.1M | 0.01% |
35,797
+6,090
| +21% | +$3.52M |
|
1334
Hecla Mining
HL
$10.7B
| $25M | 0.01% |
7,656,683
+215,930
| +3% | +$596K |
|
1335
ASML
ASML
$655B
| $25M | 0.01% |
68,009
+2,841
| +4% | +$892K |
|
1336
Worthington Enterprises
WOR
$2.83B
| $25M | 0.01% |
1,088,008
-53,502
| -5% | -$955K |
|
1337
Nu Skin
NUS
$252M
| $25M | 0.01% |
654,395
-25,664
| -4% | -$825K |
|
1338
Rogers Communications
RCI
$18.7B
| $24.9M | 0.01% |
617,313
+38,878
| +7% | +$1.62M |
|
1339
Ironwood Pharmaceuticals
IRWD
$701M
| $24.9M | 0.01% |
2,417,077
+124,431
| +5% | +$1.27M |
|
|
BECN
1340
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $24.9M | 0.01% |
944,875
+21,348
| +2% | +$477K |
|
1341
Palomar
PLMR
$3.6B
| $24.9M | 0.01% |
290,442
+11,483
| +4% | +$762K |
|
|
SVC
1342
Service Properties Trust
SVC
$1.09B
| $24.9M | 0.01% |
702,133
+89,113
| +15% | +$3.1M |
|
|
PMT
1343
PennyMac Mortgage Investment
PMT
$814M
| $24.9M | 0.01% |
1,418,445
+7,308
| +0.5% | +$87.7K |
|
1344
Otter Tail
OTTR
$3.91B
| $24.8M | 0.01% |
640,095
+14,920
| +2% | +$628K |
|
1345
Teradata
TDC
$2.51B
| $24.7M | 0.01% |
1,188,981
-47,983
| -4% | -$1.04M |
|
|
PRO
1346
DELISTED
PROS Holdings
PRO
| $24.7M | 0.01% |
556,571
+48,971
| +10% | +$1.73M |
|
1347
Boyd Gaming
BYD
$6.11B
| $24.7M | 0.01% |
1,182,975
+48,258
| +4% | +$880K |
|
|
WCC
1348
WESCO International
WCC
$18.1B
| $24.7M | 0.01% |
703,809
+233,643
| +50% | +$6.98M |
|
1349
Korn Ferry
KFY
$4.2B
| $24.7M | 0.01% |
804,111
-9,032
| -1% | -$258K |
|
1350
Edgewell Personal Care
EPC
$1.3B
| $24.6M | 0.01% |
790,230
+24,586
| +3% | +$689K |
|
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.