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 | |
|---|---|---|---|---|---|---|
1501
O-I Glass
OI
$1.09B
| $20.3M | ﹤0.01% |
2,259,661
+485,351
| +27% | +$3.75M |
|
|
AVNS
1502
DELISTED
Avanos Medical
AVNS
| $20.3M | ﹤0.01% |
690,149
+11,861
| +2% | +$343K |
|
|
BBBY
1503
DELISTED
Bed Bath & Beyond Inc
BBBY
| $20.3M | ﹤0.01% |
1,912,146
+35,035
| +2% | +$241K |
|
1504
NBT Bancorp
NBTB
$2.75B
| $20.3M | ﹤0.01% |
658,712
+8,647
| +1% | +$269K |
|
1505
Acadia Realty Trust
AKR
$2.84B
| $20.3M | ﹤0.01% |
1,560,687
+4,071
| +0.3% | +$50.7K |
|
|
SWN
1506
DELISTED
Southwestern Energy Company
SWN
| $20.2M | ﹤0.01% |
7,872,434
+196,899
| +3% | +$562K |
|
1507
Banner Corp
BANR
$2.4B
| $20.1M | ﹤0.01% |
530,253
-12,924
| -2% | -$460K |
|
1508
Olin
OLN
$2.14B
| $20.1M | ﹤0.01% |
1,749,681
-57,485
| -3% | -$732K |
|
|
SNBR
1509
DELISTED
Sleep Number
SNBR
| $20.1M | ﹤0.01% |
481,895
-6,577
| -1% | -$209K |
|
1510
John Wiley & Sons Class A
WLY
$2.72B
| $20M | ﹤0.01% |
513,037
-1,556
| -0.3% | -$59.4K |
|
1511
La-Z-Boy
LZB
$1.63B
| $20M | ﹤0.01% |
739,358
+7,307
| +1% | +$176K |
|
1512
NovaGold Resources
NG
$3.03B
| $20M | ﹤0.01% |
2,172,110
+664,306
| +44% | +$6.73M |
|
|
JOYY
1513
JOYY Inc
JOYY
$3.77B
| $19.9M | ﹤0.01% |
226,264
+34,132
| +18% | +$2.27M |
|
|
ESPR
1514
DELISTED
Esperion Therapeutics
ESPR
| $19.9M | ﹤0.01% |
388,417
+17,001
| +5% | +$711K |
|
|
CTB
1515
DELISTED
Cooper Tire & Rubber Co.
CTB
| $19.9M | ﹤0.01% |
720,485
+28,191
| +4% | +$649K |
|
1516
McGrath RentCorp
MGRC
$2.97B
| $19.8M | ﹤0.01% |
366,809
+6,304
| +2% | +$338K |
|
1517
Independence Realty Trust
IRT
$4B
| $19.8M | ﹤0.01% |
1,721,654
+67,827
| +4% | +$677K |
|
|
MTOR
1518
DELISTED
MERITOR, Inc.
MTOR
| $19.8M | ﹤0.01% |
998,347
-6,624
| -0.7% | -$122K |
|
|
WW
1519
DELISTED
WW International
WW
| $19.8M | ﹤0.01% |
778,767
+4,122
| +0.5% | +$96.1K |
|
|
ATSG
1520
DELISTED
Air Transport Services Group
ATSG
| $19.8M | ﹤0.01% |
887,542
+19,175
| +2% | +$393K |
|
1521
MaxLinear
MXL
$6.37B
| $19.8M | ﹤0.01% |
920,985
-7,371
| -0.8% | -$127K |
|
1522
Chesapeake Utilities
CPK
$3.2B
| $19.7M | ﹤0.01% |
234,714
+5,718
| +2% | +$497K |
|
|
TWO
1523
Two Harbors Investment
TWO
$1.26B
| $19.7M | ﹤0.01% |
977,571
+267,279
| +38% | +$4.96M |
|
|
VIVO
1524
DELISTED
Meridian Bioscience Inc
VIVO
| $19.7M | ﹤0.01% |
845,700
-38,076
| -4% | -$552K |
|
1525
NMI Holdings
NMIH
$3.31B
| $19.6M | ﹤0.01% |
1,220,870
+227,080
| +23% | +$3.23M |
|
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.