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 | |
|---|---|---|---|---|---|---|
1701
Addus HomeCare
ADUS
$2.18B
| $26.3M | ﹤0.01% |
250,994
+21,818
| +10% | +$2.49M |
|
1702
Quanterix
QTRX
$175M
| $26.1M | ﹤0.01% |
447,104
+93,248
| +26% | +$6.3M |
|
1703
BGC Group
BGC
$5.38B
| $26.1M | ﹤0.01% |
5,401,824
+551,479
| +11% | +$2.35M |
|
|
WW
1704
DELISTED
WW International
WW
| $26M | ﹤0.01% |
832,751
+67,780
| +9% | +$1.95M |
|
1705
iHeartMedia
IHRT
$602M
| $26M | ﹤0.01% |
1,434,027
+474,931
| +50% | +$7.17M |
|
|
FARO
1706
DELISTED
Faro Technologies
FARO
| $26M | ﹤0.01% |
300,086
+27,009
| +10% | +$2.24M |
|
1707
Enova International
ENVA
$6.44B
| $25.9M | ﹤0.01% |
729,825
+42,692
| +6% | +$1.28M |
|
1708
Fulgent Genetics
FLGT
$500M
| $25.9M | ﹤0.01% |
267,908
+71,596
| +36% | +$7.39M |
|
1709
Sotera Health
SHC
$5.13B
| $25.9M | ﹤0.01% |
1,035,992
+839,377
| +427% | +$22.2M |
|
1710
Affirm
AFRM
$25.3B
| $25.8M | ﹤0.01% |
+364,438
| New | +$35.4M |
|
1711
Vodafone
VOD
$35.9B
| $25.7M | ﹤0.01% |
1,396,885
+77,400
| +6% | +$1.4M |
|
1712
The Greenbrier Companies
GBX
$1.54B
| $25.7M | ﹤0.01% |
544,698
+72,749
| +15% | +$3.11M |
|
1713
Provident Financial Services
PFS
$3.28B
| $25.7M | ﹤0.01% |
1,151,659
+96,978
| +9% | +$1.98M |
|
1714
Gray Television
GTN
$434M
| $25.7M | ﹤0.01% |
1,394,302
+105,476
| +8% | +$1.95M |
|
1715
Progyny
PGNY
$2.47B
| $25.6M | ﹤0.01% |
575,850
+61,498
| +12% | +$2.87M |
|
1716
Upstart Holdings
UPST
$2.82B
| $25.6M | ﹤0.01% |
198,817
+148,032
| +291% | +$11.4M |
|
1717
Cal-Maine
CALM
$4.08B
| $25.6M | ﹤0.01% |
666,535
+63,487
| +11% | +$2.49M |
|
|
VRE
1718
DELISTED
Veris Residential
VRE
| $25.6M | ﹤0.01% |
1,651,960
+146,257
| +10% | +$2.06M |
|
|
SAFE
1719
Safehold
SAFE
$1.18B
| $25.5M | ﹤0.01% |
294,717
+16,639
| +6% | +$1.34M |
|
1720
Unisys
UIS
$218M
| $25.4M | ﹤0.01% |
1,000,427
+82,816
| +9% | +$2.05M |
|
|
PGRE
1721
DELISTED
Paramount Group
PGRE
| $25.4M | ﹤0.01% |
2,503,100
-86,094
| -3% | -$808K |
|
1722
Pathward Financial
CASH
$1.92B
| $25.4M | ﹤0.01% |
559,556
+19,825
| +4% | +$846K |
|
1723
Infosys
INFY
$49.6B
| $25.3M | ﹤0.01% |
1,361,259
-253,471
| -16% | -$4.59M |
|
|
NARI
1724
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $25.3M | ﹤0.01% |
236,066
+84,657
| +56% | +$8.78M |
|
|
CSGS
1725
DELISTED
CSG Systems International
CSGS
| $25.3M | ﹤0.01% |
562,598
+41,479
| +8% | +$1.91M |
|
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.