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 | |
|---|---|---|---|---|---|---|
1401
Cimpress
CMPR
$2.49B
| $17.3M | ﹤0.01% |
324,593
+4,590
| +1% | +$466K |
|
|
MINI
1402
DELISTED
Mobile Mini Inc
MINI
| $17.2M | ﹤0.01% |
657,294
+31,070
| +5% | +$1.13M |
|
1403
STAAR Surgical
STAA
$1.2B
| $17.2M | ﹤0.01% |
534,240
+51,769
| +11% | +$1.74M |
|
|
WWE
1404
DELISTED
World Wrestling Entertainment
WWE
| $17.2M | ﹤0.01% |
507,533
-6,221
| -1% | -$301K |
|
1405
Denali Therapeutics
DNLI
$3.84B
| $17.2M | ﹤0.01% |
982,519
+114,901
| +13% | +$2.4M |
|
1406
OSI Systems
OSIS
$3.9B
| $17.2M | ﹤0.01% |
248,987
+12,746
| +5% | +$1.09M |
|
1407
Global Net Lease
GNL
$1.81B
| $17.1M | ﹤0.01% |
1,282,632
+107,828
| +9% | +$2.01M |
|
|
SAGE
1408
DELISTED
Sage Therapeutics
SAGE
| $17.1M | ﹤0.01% |
595,242
+23,685
| +4% | +$1.37M |
|
1409
First Interstate BancSystem
FIBK
$3.73B
| $17.1M | ﹤0.01% |
592,457
+45,839
| +8% | +$1.64M |
|
1410
ASML
ASML
$658B
| $17.1M | ﹤0.01% |
65,168
+13,209
| +25% | +$3.76M |
|
1411
Laureate Education
LAUR
$5.2B
| $17M | ﹤0.01% |
1,619,282
+72,253
| +5% | +$1.25M |
|
|
ZGNX
1412
DELISTED
Zogenix, Inc.
ZGNX
| $17M | ﹤0.01% |
688,052
+94,882
| +16% | +$3.45M |
|
|
ILPT
1413
Industrial Logistics Properties Trust
ILPT
$579M
| $17M | ﹤0.01% |
969,106
+75,557
| +8% | +$1.59M |
|
1414
Veracyte
VCYT
$3.73B
| $16.9M | ﹤0.01% |
696,884
+36,365
| +6% | +$915K |
|
1415
Workiva
WK
$3.44B
| $16.9M | ﹤0.01% |
522,996
+30,064
| +6% | +$1.25M |
|
1416
Navient
NAVI
$880M
| $16.9M | ﹤0.01% |
2,229,555
-1,297,035
| -37% | -$15.5M |
|
1417
Graham Holdings Company
GHC
$5.13B
| $16.9M | ﹤0.01% |
49,489
+1,275
| +3% | +$647K |
|
1418
Green Dot
GDOT
$748M
| $16.8M | ﹤0.01% |
663,449
+19,507
| +3% | +$561K |
|
|
FLOW
1419
DELISTED
SPX FLOW, Inc.
FLOW
| $16.8M | ﹤0.01% |
591,081
+43,277
| +8% | +$1.65M |
|
|
UNIT
1420
Uniti Group
UNIT
$2.44B
| $16.8M | ﹤0.01% |
2,780,251
-17,667
| -0.6% | -$139K |
|
1421
Helios Technologies
HLIO
$2.69B
| $16.7M | ﹤0.01% |
441,515
+26,697
| +6% | +$1.14M |
|
1422
Goodyear
GT
$2.07B
| $16.7M | ﹤0.01% |
2,871,944
-83,743
| -3% | -$915K |
|
1423
Glaukos
GKOS
$10.1B
| $16.7M | ﹤0.01% |
539,746
+37,804
| +8% | +$1.94M |
|
1424
Theravance Biopharma
TBPH
$875M
| $16.6M | ﹤0.01% |
719,072
+107,724
| +18% | +$2.7M |
|
1425
Chemours
CC
$2.7B
| $16.6M | ﹤0.01% |
1,872,583
+63,587
| +4% | +$917K |
|
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.