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 | |
|---|---|---|---|---|---|---|
|
ARNC
1401
DELISTED
Arconic Corporation
ARNC
| $40.2M | 0.01% |
1,582,368
+138,530
| +10% | +$3.72M |
|
|
CALY
1402
Callaway Golf Company
CALY
$3.32B
| $40.2M | 0.01% |
1,501,193
+111,562
| +8% | +$3.16M |
|
1403
iShares Core MSCI Emerging Markets ETF
IEMG
$150B
| – | – |
0
| – | – |
|
1404
Ligand Pharmaceuticals
LGND
$5.76B
| $40.1M | 0.01% |
421,390
+46,597
| +12% | +$4.4M |
|
1405
Viasat
VSAT
$10.6B
| $40.1M | 0.01% |
833,410
+23,999
| +3% | +$1.16M |
|
1406
Installed Building Products
IBP
$6.01B
| $40M | 0.01% |
361,071
+27,401
| +8% | +$3.11M |
|
|
SVC
1407
Service Properties Trust
SVC
$1.04B
| $40M | 0.01% |
675,096
-3,626
| -0.5% | -$218K |
|
1408
Medifast
MED
$109M
| $39.9M | 0.01% |
188,509
+15,628
| +9% | +$3.74M |
|
1409
BP
BP
$116B
| $39.9M | 0.01% |
1,637,442
-51,634
| -3% | -$1.24M |
|
1410
Madison Square Garden
MSGS
$9.48B
| $39.9M | 0.01% |
222,100
-12,678
| -5% | -$2.34M |
|
1411
Range Resources
RRC
$9.38B
| $39.8M | 0.01% |
3,857,626
+264,324
| +7% | +$2.57M |
|
1412
AppFolio
APPF
$6.38B
| $39.7M | 0.01% |
280,977
+22,719
| +9% | +$3.53M |
|
1413
Four Corners Property Trust
FCPT
$2.81B
| $39.6M | 0.01% |
1,446,279
+72,741
| +5% | +$2.01M |
|
1414
Pricesmart
PSMT
$5.98B
| $39.6M | 0.01% |
409,485
+41,272
| +11% | +$4.01M |
|
1415
Restaurant Brands International
QSR
$25.7B
| $39.5M | 0.01% |
611,284
+86,664
| +17% | +$5.37M |
|
1416
Spectrum Brands
SPB
$2.04B
| $39.5M | 0.01% |
465,105
+1,850
| +0.4% | +$151K |
|
1417
Winnebago Industries
WGO
$856M
| $39.5M | 0.01% |
515,021
+36,988
| +8% | +$2.67M |
|
|
MIME
1418
DELISTED
Mimecast Limited
MIME
| $39.3M | 0.01% |
978,457
+98,716
| +11% | +$4.35M |
|
1419
Evertec
EVTC
$1.88B
| $39.3M | 0.01% |
1,054,935
+35,171
| +3% | +$1.32M |
|
1420
Arvinas
ARVN
$518M
| $39.3M | 0.01% |
593,972
+77,854
| +15% | +$5.96M |
|
|
FBC
1421
DELISTED
Flagstar Bancorp, Inc. New
FBC
| $39.2M | 0.01% |
869,875
+124,296
| +17% | +$5.61M |
|
1422
Choice Hotels
CHH
$5.07B
| $39.1M | 0.01% |
364,623
+7,593
| +2% | +$809K |
|
1423
First Financial Bancorp
FFBC
$3.55B
| $39.1M | 0.01% |
1,629,290
+84,496
| +5% | +$1.86M |
|
|
TSE
1424
DELISTED
Trinseo
TSE
| $39.1M | 0.01% |
613,544
+54,141
| +10% | +$3.3M |
|
1425
Grocery Outlet
GO
$909M
| $39M | 0.01% |
1,058,395
+36,355
| +4% | +$1.41M |
|
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.