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
|
+$420M |
| 2 |
Zoom
ZM
|
+$370M |
| 3 |
Uber
UBER
|
+$267M |
| 4 |
Intel
INTC
|
+$247M |
| 5 |
Regeneron Pharmaceuticals
REGN
|
+$143M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Apple
AAPL
|
+$421M |
| 2 |
AbbVie
ABBV
|
+$266M |
| 3 |
Amgen
AMGN
|
+$212M |
| 4 |
PPLI
People Inc
PPLI
|
+$207M |
| 5 |
Eli Lilly
LLY
|
+$100M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.49% |
| 2 | Healthcare | 14.08% |
| 3 | Financials | 12.39% |
| 4 | Consumer Discretionary | 12.01% |
| 5 | Communication Services | 9.77% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1326
Moelis & Co
MC
$4.94B
| $26.2M | 0.01% |
744,571
-38,566
| -5% | -$1.22M |
|
1327
Editas Medicine
EDIT
$442M
| $26.1M | 0.01% |
931,192
+41,513
| +5% | +$1.35M |
|
|
CADE
1328
DELISTED
Cadence Bank
CADE
| $26.1M | 0.01% |
1,347,286
-63,026
| -4% | -$1.35M |
|
1329
Thomson Reuters
TRI
$44.1B
| $26M | 0.01% |
310,772
+7,053
| +2% | +$549K |
|
1330
InterDigital
IDCC
$8.89B
| $26M | 0.01% |
456,040
-9,883
| -2% | -$594K |
|
|
SUM
1331
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $26M | 0.01% |
1,597,038
-71,705
| -4% | -$1.15M |
|
|
CUB
1332
DELISTED
Cubic Corporation
CUB
| $26M | 0.01% |
446,517
-9,831
| -2% | -$462K |
|
|
LTC
1333
LTC Properties
LTC
$2.15B
| $25.8M | 0.01% |
741,182
+15,616
| +2% | +$576K |
|
1334
Cathay General Bancorp
CATY
$4.24B
| $25.8M | 0.01% |
1,191,349
-82,999
| -7% | -$2.03M |
|
1335
Coeur Mining
CDE
$17.9B
| $25.8M | 0.01% |
3,494,404
-75,315
| -2% | -$566K |
|
|
NSTG
1336
DELISTED
NanoString Technologies, Inc.
NSTG
| $25.8M | 0.01% |
576,232
+23,694
| +4% | +$921K |
|
|
ITCI
1337
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $25.7M | 0.01% |
1,003,364
+160,340
| +19% | +$3.66M |
|
1338
AtriCure
ATRC
$2.11B
| $25.7M | 0.01% |
644,122
+21,072
| +3% | +$894K |
|
1339
Cavco Industries
CVCO
$4.55B
| $25.7M | 0.01% |
142,403
-1,493
| -1% | -$285K |
|
1340
Worthington Enterprises
WOR
$2.86B
| $25.6M | 0.01% |
1,018,811
-69,197
| -6% | -$1.69M |
|
1341
White Mountains Insurance
WTM
$5.13B
| $25.6M | 0.01% |
32,871
-1,278
| -4% | -$1.1M |
|
1342
Kura Oncology
KURA
$850M
| $25.6M | 0.01% |
834,580
+93,712
| +13% | +$2.07M |
|
|
KW
1343
DELISTED
Kennedy-Wilson Holdings
KW
| $25.6M | 0.01% |
1,759,685
-69,896
| -4% | -$1.04M |
|
|
ALTR
1344
DELISTED
Altair Engineering Inc
ALTR
| $25.5M | 0.01% |
607,782
+6,640
| +1% | +$267K |
|
1345
CryoPort
CYRX
$762M
| $25.5M | 0.01% |
537,066
+8,074
| +2% | +$327K |
|
1346
Energizer
ENR
$1.55B
| $25.4M | 0.01% |
649,731
-59,713
| -8% | -$2.74M |
|
|
ACH
1347
Accendra Health
ACH
$214M
| $25.4M | 0.01% |
1,011,182
+100,382
| +11% | +$1.46M |
|
|
NKLA
1348
DELISTED
Nikola Corporation Common Stock
NKLA
| $25.4M | 0.01% |
41,322
+32,326
| +359% | +$37.6M |
|
1349
First Citizens BancShares
FCNCA
$25.3B
| $25.4M | 0.01% |
79,567
-11,495
| -13% | -$4.44M |
|
|
IBTX
1350
DELISTED
Independent Bank Group, Inc.
IBTX
| $25.3M | 0.01% |
573,653
-14,443
| -2% | -$639K |
|
Similar funds
Geode Capital Management's Q3 2020 Portfolio in Review
As of Q3 2020, Geode Capital Management held 4,244 positions worth $510B, up 9.2% from $467B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Geode Capital Management's Q3 2020 filing shows 144 new, 2,112 increased, 1,496 reduced and 90 closed positions. Its largest new stake was Snowflake: 195,170 shares worth $48.9M. The largest sale was Apple, an estimated $421M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2020 buy was Snowflake: 195,170 shares worth $48.9M.
- Geode Capital Management added most to Amazon in Q3 2020, an estimated $420M increase.
- Geode Capital Management's biggest Q3 2020 reduction was Apple, cutting an estimated $421M.
- Geode Capital Management fully exited Caesars Entertainment Corporation in Q3 2020, selling an estimated $84.5M.
- Geode Capital Management's ten largest holdings make up 23% of its $510B portfolio in Q3 2020.
- Geode Capital Management opened 144 new positions and closed 90 in Q3 2020.
- Geode Capital Management's portfolio value rose 9.2% quarter-over-quarter to $510B.
Based on Geode Capital Management's 13F filing for Q3 2020, filed 13 Nov 2020.