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 |
Sherwin-Williams
SHW
|
+$1.65B |
| 2 |
Microsoft
MSFT
|
+$565M |
| 3 |
Amazon
AMZN
|
+$452M |
| 4 |
NXP Semiconductors
NXPI
|
+$315M |
| 5 |
International Flavors & Fragrances
IFF
|
+$310M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DuPont de Nemours
DD
|
+$220M |
| 2 |
CXO
CONCHO RESOURCES INC.
CXO
|
+$186M |
| 3 |
Booking.com
BKNG
|
+$117M |
| 4 |
EV
Eaton Vance Corp.
EV
|
+$104M |
| 5 |
Moody's
MCO
|
+$62.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.27% |
| 2 | Financials | 13.76% |
| 3 | Healthcare | 13.2% |
| 4 | Consumer Discretionary | 12.31% |
| 5 | Communication Services | 9.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1351
First Merchants
FRME
$2.68B
| $42.7M | 0.01% |
919,303
+79,375
| +9% | +$3.42M |
|
|
RPAI
1352
DELISTED
RETAIL PROPERTIES OF AMERICA, INC.
RPAI
| $42.7M | 0.01% |
4,078,912
+289,498
| +8% | +$2.96M |
|
1353
ATI
ATI
$25.6B
| $42.7M | 0.01% |
2,029,663
+175,482
| +9% | +$3.43M |
|
|
SIX
1354
DELISTED
Six Flags Entertainment Corp.
SIX
| $42.7M | 0.01% |
919,653
+6,870
| +0.8% | +$286K |
|
1355
Innospec
IOSP
$2.12B
| $42.7M | 0.01% |
416,095
+26,142
| +7% | +$2.59M |
|
1356
Virgin Galactic
SPCE
$328M
| $42.7M | 0.01% |
69,628
+6,803
| +11% | +$5.12M |
|
|
CIM
1357
Chimera Investment
CIM
$1.04B
| $42.5M | 0.01% |
1,116,542
+137,900
| +14% | +$4.71M |
|
1358
Silgan Holdings
SLGN
$4.23B
| $42.5M | 0.01% |
1,011,985
+10,852
| +1% | +$424K |
|
|
STAY
1359
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
| $42.5M | 0.01% |
2,152,089
+43,608
| +2% | +$712K |
|
1360
Associated Banc-Corp
ASB
$5.83B
| $42.2M | 0.01% |
1,977,843
+139,041
| +8% | +$2.82M |
|
|
GRA
1361
DELISTED
W.R. Grace & Co.
GRA
| $42.2M | 0.01% |
705,051
+22,001
| +3% | +$1.31M |
|
1362
Vericel Corp
VCEL
$2.35B
| $42.1M | 0.01% |
758,599
+78,430
| +12% | +$3.55M |
|
1363
Cinemark Holdings
CNK
$4.24B
| $42.1M | 0.01% |
2,064,486
-673,474
| -25% | -$14.2M |
|
1364
Corcept Therapeutics
CORT
$12.4B
| $42.1M | 0.01% |
1,771,205
+123,882
| +8% | +$3.31M |
|
1365
WesBanco
WSBC
$3.97B
| $42.1M | 0.01% |
1,167,254
+103,047
| +10% | +$3.39M |
|
1366
CGI
GIB
$15.1B
| $42.1M | 0.01% |
507,997
+37,810
| +8% | +$2.99M |
|
1367
Cheesecake Factory
CAKE
$5.04B
| $42.1M | 0.01% |
718,789
+61,635
| +9% | +$3.12M |
|
1368
Axos Financial
AX
$5.77B
| $42M | 0.01% |
893,251
+86,774
| +11% | +$3.91M |
|
1369
Minerals Technologies
MTX
$2.36B
| $41.9M | 0.01% |
556,705
+28,297
| +5% | +$2M |
|
1370
Alkermes
ALKS
$8.22B
| $41.9M | 0.01% |
2,242,826
+224,559
| +11% | +$4.6M |
|
1371
Credicorp
BAP
$31.8B
| $41.8M | 0.01% |
307,786
+47,778
| +18% | +$7.42M |
|
|
FMBI
1372
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $41.7M | 0.01% |
1,903,298
+133,466
| +8% | +$2.61M |
|
1373
Hilltop Holdings
HTH
$2.26B
| $41.6M | 0.01% |
1,219,380
+50,719
| +4% | +$1.67M |
|
1374
Herc Holdings
HRI
$5.02B
| $41.6M | 0.01% |
410,289
+39,502
| +11% | +$3.19M |
|
1375
Matador Resources
MTDR
$6.2B
| $41.5M | 0.01% |
1,771,536
+114,947
| +7% | +$2.29M |
|
Similar funds
Geode Capital Management's Q1 2021 Portfolio in Review
As of Q1 2021, Geode Capital Management held 4,537 positions worth $654B, up 9.7% from $596B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management deployed $22.8B of net new capital in Q1 2021, opening 282 new positions and adding to 3,569 existing holdings. Its largest new stake was Texas Pacific Land: 546,273 shares worth $96.5M.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was DuPont de Nemours, an estimated $220M trimmed.
- Geode Capital Management's largest Q1 2021 buy was Texas Pacific Land: 546,273 shares worth $96.5M.
- Geode Capital Management added most to Sherwin-Williams in Q1 2021, an estimated $1.65B increase.
- Geode Capital Management's biggest Q1 2021 reduction was DuPont de Nemours, cutting an estimated $220M.
- Geode Capital Management fully exited CONCHO RESOURCES INC. in Q1 2021, selling an estimated $186M.
- Geode Capital Management's ten largest holdings make up 21% of its $654B portfolio in Q1 2021.
- Geode Capital Management opened 282 new positions and closed 88 in Q1 2021.
- Geode Capital Management's portfolio value rose 9.7% quarter-over-quarter to $654B.
Based on Geode Capital Management's 13F filing for Q1 2021, filed 12 May 2021.