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 | |
|---|---|---|---|---|---|---|
1601
Smith & Wesson
SWBI
$651M
| $17.4M | ﹤0.01% |
1,051,041
+7,985
| +0.8% | +$74.2K |
|
|
KAMN
1602
DELISTED
Kaman Corp
KAMN
| $17.4M | ﹤0.01% |
417,200
+5,966
| +1% | +$231K |
|
|
GNMK
1603
DELISTED
GenMark Diagnostics, Inc
GNMK
| $17.4M | ﹤0.01% |
1,179,547
+386,403
| +49% | +$3.93M |
|
|
HTLF
1604
DELISTED
Heartland Financial USA, Inc.
HTLF
| $17.3M | ﹤0.01% |
518,600
+5,968
| +1% | +$187K |
|
1605
Matsons
MATX
$6.17B
| $17.3M | ﹤0.01% |
594,337
+12,527
| +2% | +$360K |
|
|
RCM
1606
DELISTED
R1 RCM Inc. Common Stock
RCM
| $17.3M | ﹤0.01% |
1,550,053
+29,211
| +2% | +$301K |
|
1607
Acushnet Holdings
GOLF
$5.5B
| $17.2M | ﹤0.01% |
495,108
-7,064
| -1% | -$210K |
|
1608
Axos Financial
AX
$5.78B
| $17.2M | ﹤0.01% |
779,488
-1,143
| -0.1% | -$23.2K |
|
1609
Brinker International
EAT
$9.75B
| $17.2M | ﹤0.01% |
716,845
+101,006
| +16% | +$2.17M |
|
1610
Kaiser Aluminum
KALU
$2.8B
| $17.2M | ﹤0.01% |
233,663
-1,276
| -0.5% | -$90.9K |
|
1611
Hope Bancorp
HOPE
$1.78B
| $17.1M | ﹤0.01% |
1,858,322
-27,640
| -1% | -$248K |
|
1612
Coherus Oncology
CHRS
$195M
| $17.1M | ﹤0.01% |
954,959
-14,023
| -1% | -$237K |
|
1613
Delek US
DK
$3.59B
| $17M | ﹤0.01% |
978,264
-74,690
| -7% | -$1.43M |
|
|
CADE
1614
DELISTED
Cadence Bancorporation
CADE
| $17M | ﹤0.01% |
1,920,284
+54,658
| +3% | +$391K |
|
1615
Tennant Co
TNC
$1.31B
| $17M | ﹤0.01% |
261,573
+8,106
| +3% | +$493K |
|
1616
Safety Insurance
SAFT
$1.52B
| $17M | ﹤0.01% |
222,508
+1,477
| +0.7% | +$116K |
|
1617
Vodafone
VOD
$37B
| $16.9M | ﹤0.01% |
1,060,554
+246,569
| +30% | +$3.72M |
|
1618
Perdoceo Education
PRDO
$2.03B
| $16.8M | ﹤0.01% |
1,053,182
+11,142
| +1% | +$159K |
|
1619
Malibu Boats
MBUU
$562M
| $16.8M | ﹤0.01% |
322,825
+17,313
| +6% | +$692K |
|
1620
Genworth Financial
GNW
$3.72B
| $16.8M | ﹤0.01% |
7,253,843
+37,385
| +0.5% | +$118K |
|
1621
Upwork
UPWK
$1.16B
| $16.7M | ﹤0.01% |
1,159,592
+233,790
| +25% | +$2.45M |
|
1622
Melco Resorts & Entertainment
MLCO
$2.14B
| $16.7M | ﹤0.01% |
1,093,140
+11,746
| +1% | +$182K |
|
|
MIME
1623
DELISTED
Mimecast Limited
MIME
| $16.7M | ﹤0.01% |
401,527
+354,776
| +759% | +$13.9M |
|
1624
Deluxe
DLX
$1.19B
| $16.7M | ﹤0.01% |
710,426
-26,654
| -4% | -$668K |
|
1625
Huazhu Hotels Group
HTHT
$13B
| $16.7M | ﹤0.01% |
478,911
+12,809
| +3% | +$426K |
|
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.