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 |
Tesla
TSLA
|
+$2.41B |
| 2 |
American Tower
AMT
|
+$272M |
| 3 |
Microsoft
MSFT
|
+$271M |
| 4 |
Zoom
ZM
|
+$245M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$206M |
| 2 |
IMMU
Immunomedics Inc
IMMU
|
+$200M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$186M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$151M |
| 5 |
Pfizer
PFE
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 13.6% |
| 3 | Financials | 13.05% |
| 4 | Consumer Discretionary | 12.39% |
| 5 | Communication Services | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1501
Belden
BDC
$4.8B
| $28.2M | ﹤0.01% |
672,515
+67,306
| +11% | +$2.49M |
|
|
FMBI
1502
DELISTED
First Midwest Bancorp Inc/IL
FMBI
| $28.2M | ﹤0.01% |
1,769,832
+205,659
| +13% | +$2.83M |
|
1503
Otter Tail
OTTR
$3.79B
| $28.2M | ﹤0.01% |
660,956
+21,962
| +3% | +$895K |
|
|
RVNC
1504
DELISTED
Revance Therapeutics, Inc.
RVNC
| $28.1M | ﹤0.01% |
992,094
+51,418
| +5% | +$1.33M |
|
1505
Repay Holdings
RPAY
$343M
| $28.1M | ﹤0.01% |
1,030,608
+117,978
| +13% | +$2.88M |
|
1506
Urban Outfitters
URBN
$6.65B
| $28.1M | ﹤0.01% |
1,096,048
+40,769
| +4% | +$1.05M |
|
1507
PJT Partners
PJT
$4.36B
| $28.1M | ﹤0.01% |
372,813
+19,734
| +6% | +$1.39M |
|
|
MODV
1508
DELISTED
ModivCare
MODV
| $28M | ﹤0.01% |
202,253
+10,806
| +6% | +$1.34M |
|
1509
Cushman & Wakefield Ltd
CWK
$3.18B
| $28M | ﹤0.01% |
1,889,459
+432,496
| +30% | +$6M |
|
1510
PRA Group
PRAA
$666M
| $28M | ﹤0.01% |
705,993
+39,885
| +6% | +$1.58M |
|
1511
Edgewell Personal Care
EPC
$1.27B
| $28M | ﹤0.01% |
809,411
+41,450
| +5% | +$1.35M |
|
1512
Liberty Latin America Class C
LILAK
$1.67B
| $28M | ﹤0.01% |
2,774,661
-396,861
| -13% | -$3.92M |
|
1513
AstraZeneca
AZN
$245B
| $28M | ﹤0.01% |
279,625
+853
| +0.3% | +$90.3K |
|
|
LTC
1514
LTC Properties
LTC
$1.99B
| $27.9M | ﹤0.01% |
716,728
-24,454
| -3% | -$899K |
|
1515
Genworth Financial
GNW
$3.76B
| $27.9M | ﹤0.01% |
7,380,768
+192,198
| +3% | +$790K |
|
1516
Calix
CALX
$2.35B
| $27.9M | ﹤0.01% |
936,432
+5,825
| +0.6% | +$144K |
|
1517
Horace Mann Educators
HMN
$2.09B
| $27.9M | ﹤0.01% |
662,875
+26,501
| +4% | +$1.02M |
|
1518
PagerDuty
PD
$856M
| $27.8M | ﹤0.01% |
666,753
+51,563
| +8% | +$1.76M |
|
1519
Heron Therapeutics
HRTX
$96.8M
| $27.6M | ﹤0.01% |
1,304,671
+47,381
| +4% | +$824K |
|
1520
Trustmark
TRMK
$2.8B
| $27.6M | ﹤0.01% |
1,010,640
+40,000
| +4% | +$1M |
|
1521
SITE Centers
SITC
$174M
| $27.6M | ﹤0.01% |
3,493,052
-105,902
| -3% | -$739K |
|
1522
Global Net Lease
GNL
$1.83B
| $27.5M | ﹤0.01% |
1,606,418
-84,892
| -5% | -$1.39M |
|
1523
Verra Mobility
VRRM
$852M
| $27.5M | ﹤0.01% |
2,051,573
+37,049
| +2% | +$436K |
|
1524
Assured Guaranty
AGO
$3.72B
| $27.3M | ﹤0.01% |
867,967
-86,482
| -9% | -$2.54M |
|
1525
O-I Glass
OI
$1.14B
| $27.3M | ﹤0.01% |
2,294,957
+87,167
| +4% | +$994K |
|
Similar funds
Geode Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Geode Capital Management held 4,369 positions worth $596B, up 17% from $510B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Geode Capital Management's Q4 2020 filing shows 215 new, 3,067 increased, 650 reduced and 100 closed positions. Its largest new stake was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M. The largest sale was Tiffany & Co., an estimated $206M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2020 buy was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M.
- Geode Capital Management added most to Tesla in Q4 2020, an estimated $2.41B increase.
- Geode Capital Management's biggest Q4 2020 reduction was Pfizer, cutting an estimated $131M.
- Geode Capital Management fully exited Tiffany & Co. in Q4 2020, selling an estimated $206M.
- Geode Capital Management's ten largest holdings make up 22% of its $596B portfolio in Q4 2020.
- Geode Capital Management opened 215 new positions and closed 100 in Q4 2020.
- Geode Capital Management's portfolio value rose 17% quarter-over-quarter to $596B.
Based on Geode Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.