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 | |
|---|---|---|---|---|---|---|
1426
Kodiak Sciences
KOD
$2.84B
| $22.7M | ﹤0.01% |
420,326
+14,266
| +4% | +$805K |
|
1427
iShares Core MSCI Emerging Markets ETF
IEMG
$155B
| – | – |
0
| – | – |
|
|
FLOW
1428
DELISTED
SPX FLOW, Inc.
FLOW
| $22.7M | ﹤0.01% |
605,183
+14,102
| +2% | +$460K |
|
1429
iShares MSCI Emerging Markets ETF
EEM
$29.2B
| – | – |
0
| – | – |
|
1430
Pricesmart
PSMT
$5.5B
| $22.5M | ﹤0.01% |
373,544
+37,558
| +11% | +$2.16M |
|
1431
Mueller Industries
MLI
$15.4B
| $22.5M | ﹤0.01% |
3,390,848
+184,696
| +6% | +$1.16M |
|
|
TWNK
1432
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $22.5M | ﹤0.01% |
1,842,937
+85,784
| +5% | +$1.01M |
|
1433
Trupanion
TRUP
$1.24B
| $22.5M | ﹤0.01% |
527,345
-4,334
| -0.8% | -$140K |
|
1434
Rush Enterprises Class A
RUSHA
$6.2B
| $22.4M | ﹤0.01% |
1,216,094
-10,210
| -0.8% | -$170K |
|
|
SAVE
1435
DELISTED
Spirit Airlines, Inc.
SAVE
| $22.4M | ﹤0.01% |
1,257,488
+278,667
| +28% | +$3.97M |
|
|
MFA
1436
MFA Financial
MFA
$915M
| $22.4M | ﹤0.01% |
2,220,745
-289,335
| -12% | -$2.24M |
|
|
ZGNX
1437
DELISTED
Zogenix, Inc.
ZGNX
| $22.3M | ﹤0.01% |
826,548
+138,496
| +20% | +$3.82M |
|
|
PRNB
1438
DELISTED
Principia Biopharma Inc. Common Stock
PRNB
| $22.3M | ﹤0.01% |
373,123
+73,336
| +24% | +$4.53M |
|
|
WWE
1439
DELISTED
World Wrestling Entertainment
WWE
| $22.3M | ﹤0.01% |
513,378
+5,845
| +1% | +$251K |
|
1440
Trinity Industries
TRN
$2.47B
| $22.3M | ﹤0.01% |
1,047,710
-95,350
| -8% | -$1.84M |
|
1441
Telephone and Data Systems
TDS
$4.1B
| $22.2M | ﹤0.01% |
1,115,712
-8,618
| -0.8% | -$165K |
|
1442
Asbury Automotive
ABG
$3.88B
| $22.2M | ﹤0.01% |
286,685
+2,511
| +0.9% | +$169K |
|
1443
Cerence
CRNC
$408M
| $22.1M | ﹤0.01% |
541,693
+114,204
| +27% | +$3.28M |
|
1444
Glaukos
GKOS
$10.1B
| $22.1M | ﹤0.01% |
575,253
+35,507
| +7% | +$1.32M |
|
1445
Installed Building Products
IBP
$6.52B
| $22.1M | ﹤0.01% |
321,075
+7,886
| +3% | +$437K |
|
1446
Allegiant Air
ALGT
$2.61B
| $22.1M | ﹤0.01% |
202,163
+7,944
| +4% | +$726K |
|
1447
First Merchants
FRME
$2.69B
| $22M | ﹤0.01% |
799,489
-14,536
| -2% | -$388K |
|
|
DHC
1448
Diversified Healthcare Trust
DHC
$2.11B
| $22M | ﹤0.01% |
4,973,845
+3,256
| +0.1% | +$11.5K |
|
1449
Coty
COTY
$2.39B
| $22M | ﹤0.01% |
4,920,648
+285,531
| +6% | +$1.38M |
|
1450
B&G Foods
BGS
$278M
| $21.9M | ﹤0.01% |
900,094
+2,434
| +0.3% | +$52.7K |
|
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.