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 | |
|---|---|---|---|---|---|---|
1576
Lakeland Financial Corp
LKFN
$1.56B
| $31.2M | ﹤0.01% |
451,608
+38,179
| +9% | +$2.51M |
|
|
GMS
1577
DELISTED
GMS Inc
GMS
| $31.2M | ﹤0.01% |
748,231
+70,637
| +10% | +$2.52M |
|
1578
Banner Corp
BANR
$2.39B
| $31.1M | ﹤0.01% |
582,866
+38,733
| +7% | +$2.02M |
|
1579
First Interstate BancSystem
FIBK
$3.69B
| $31.1M | ﹤0.01% |
674,658
+45,605
| +7% | +$2.03M |
|
1580
Ironwood Pharmaceuticals
IRWD
$696M
| $31M | ﹤0.01% |
2,776,343
+302,099
| +12% | +$3.19M |
|
|
PMT
1581
PennyMac Mortgage Investment
PMT
$822M
| $31M | ﹤0.01% |
1,583,196
+140,771
| +10% | +$2.61M |
|
|
VGR
1582
DELISTED
Vector Group Ltd.
VGR
| $31M | ﹤0.01% |
3,131,735
+285,292
| +10% | +$2.71M |
|
1583
TechnipFMC
FTI
$28.1B
| $30.9M | ﹤0.01% |
4,008,104
-5,237,272
| -57% | -$42.8M |
|
1584
Independence Realty Trust
IRT
$3.92B
| $30.9M | ﹤0.01% |
2,033,258
+288,761
| +17% | +$4.1M |
|
1585
LendingTree
TREE
$447M
| $30.8M | ﹤0.01% |
144,723
+4,386
| +3% | +$1.25M |
|
1586
Inovio Pharmaceuticals
INO
$55.7M
| $30.8M | ﹤0.01% |
276,739
+66,372
| +32% | +$8.73M |
|
1587
Kura Oncology
KURA
$800M
| $30.7M | ﹤0.01% |
1,087,457
+91,966
| +9% | +$2.91M |
|
1588
Acadia Realty Trust
AKR
$3.09B
| $30.7M | ﹤0.01% |
1,618,657
+104,130
| +7% | +$1.82M |
|
1589
Park National Corp
PRK
$3.76B
| $30.7M | ﹤0.01% |
237,276
+24,202
| +11% | +$2.94M |
|
1590
Virtu Financial
VIRT
$5.11B
| $30.7M | ﹤0.01% |
987,925
+66,202
| +7% | +$1.83M |
|
|
ILPT
1591
Industrial Logistics Properties Trust
ILPT
$575M
| $30.6M | ﹤0.01% |
1,324,529
+71,148
| +6% | +$1.6M |
|
|
CORE
1592
DELISTED
Core Mark Holding Co., Inc.
CORE
| $30.5M | ﹤0.01% |
789,448
+67,149
| +9% | +$2.32M |
|
1593
Rocket Pharmaceuticals
RCKT
$340M
| $30.5M | ﹤0.01% |
686,389
+85,749
| +14% | +$4.71M |
|
|
ENDP
1594
DELISTED
Endo International plc
ENDP
| $30.4M | ﹤0.01% |
4,105,987
+549,953
| +15% | +$4.46M |
|
1595
BioCryst Pharmaceuticals
BCRX
$2.28B
| $30.4M | ﹤0.01% |
2,990,523
+334,394
| +13% | +$3.45M |
|
1596
Malibu Boats
MBUU
$541M
| $30.4M | ﹤0.01% |
381,461
+31,585
| +9% | +$2.44M |
|
1597
Horace Mann Educators
HMN
$2.1B
| $30.3M | ﹤0.01% |
701,557
+38,682
| +6% | +$1.6M |
|
|
ARI
1598
Apollo Commercial Real Estate
ARI
$867M
| $30.3M | ﹤0.01% |
2,168,707
+184,604
| +9% | +$2.37M |
|
1599
Antero Midstream
AM
$10.4B
| $30.3M | ﹤0.01% |
3,352,210
+110,572
| +3% | +$953K |
|
1600
BancFirst
BANF
$3.79B
| $30.2M | ﹤0.01% |
427,125
+29,705
| +7% | +$1.97M |
|
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.