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 |
Apple
AAPL
|
+$499M |
| 2 |
Microsoft
MSFT
|
+$376M |
| 3 |
Amazon
AMZN
|
+$286M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$224M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$202M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$248M |
| 2 |
LPT
Liberty Property Trust
LPT
|
+$148M |
| 3 |
Procter & Gamble
PG
|
+$122M |
| 4 |
Visa
V
|
+$92.4M |
| 5 |
MDCO
Medicines Co
MDCO
|
+$89.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.12% |
| 2 | Healthcare | 15.34% |
| 3 | Financials | 13.68% |
| 4 | Consumer Discretionary | 9.77% |
| 5 | Communication Services | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1826
Opko Health
OPK
$1.01B
| $8.64M | ﹤0.01% |
6,447,274
+473,605
| +8% | +$742K |
|
|
HSII
1827
DELISTED
Heidrick & Struggles
HSII
| $8.63M | ﹤0.01% |
383,547
-5,022
| -1% | -$134K |
|
1828
International Seaways
INSW
$4.49B
| $8.62M | ﹤0.01% |
360,831
+21,481
| +6% | +$489K |
|
1829
Gorman-Rupp
GRC
$2.25B
| $8.62M | ﹤0.01% |
276,216
+16,527
| +6% | +$560K |
|
|
HAPN
1830
Happen Inc
HAPN
$2.36B
| $8.61M | ﹤0.01% |
1,097,046
+67,042
| +7% | +$746K |
|
|
AERI
1831
DELISTED
Aerie Pharmaceuticals
AERI
| $8.6M | ﹤0.01% |
636,914
+44,751
| +8% | +$849K |
|
1832
Standex International
SXI
$3.95B
| $8.59M | ﹤0.01% |
175,201
+12,464
| +8% | +$819K |
|
|
ZUO
1833
DELISTED
Zuora, Inc.
ZUO
| $8.57M | ﹤0.01% |
1,064,894
+98,120
| +10% | +$1.29M |
|
1834
Upland Software
UPLD
$12.8M
| $8.56M | ﹤0.01% |
31,925
+2,494
| +8% | +$902K |
|
1835
Oxford Industries
OXM
$580M
| $8.56M | ﹤0.01% |
236,073
+14,250
| +6% | +$874K |
|
1836
The RMR Group
RMR
$324M
| $8.56M | ﹤0.01% |
317,311
-5,515
| -2% | -$214K |
|
1837
Weis Markets
WMK
$1.85B
| $8.56M | ﹤0.01% |
205,403
+12,526
| +6% | +$479K |
|
1838
Reynolds Consumer Products
REYN
$5.64B
| $8.54M | ﹤0.01% |
+292,949
| New | +$8.44M |
|
1839
Federal Agricultural Mortgage
AGM
$2.58B
| $8.53M | ﹤0.01% |
153,278
+5,934
| +4% | +$422K |
|
|
ALX
1840
Alexander's
ALX
$1.42B
| $8.52M | ﹤0.01% |
30,868
+32
| +0.1% | +$10K |
|
|
IGMS
1841
DELISTED
IGM Biosciences
IGMS
| $8.51M | ﹤0.01% |
151,519
+28,965
| +24% | +$1.27M |
|
1842
Washington Trust Bancorp
WASH
$753M
| $8.49M | ﹤0.01% |
232,370
+16,369
| +8% | +$740K |
|
|
UCTT
1843
Ultra Clean Holdings
UCTT
$3.6B
| $8.38M | ﹤0.01% |
607,234
+956
| +0.2% | +$20.3K |
|
1844
Novavax
NVAX
$1.27B
| $8.37M | ﹤0.01% |
616,103
+243,035
| +65% | +$2.06M |
|
1845
1st Source
SRCE
$2.17B
| $8.37M | ﹤0.01% |
257,947
+17,126
| +7% | +$741K |
|
1846
WillScot Mobile Mini Holdings
WSC
$4.81B
| $8.36M | ﹤0.01% |
825,316
+81,491
| +11% | +$1.32M |
|
|
AEGN
1847
DELISTED
Aegion Corp
AEGN
| $8.34M | ﹤0.01% |
465,339
+25,367
| +6% | +$502K |
|
1848
Seaboard Corp
SEB
$4.12B
| $8.34M | ﹤0.01% |
2,965
+6
| +0.2% | +$21.7K |
|
|
SRDX
1849
DELISTED
Surmodics
SRDX
| $8.32M | ﹤0.01% |
249,822
-8,121
| -3% | -$293K |
|
|
LBAI
1850
DELISTED
Lakeland Bancorp Inc
LBAI
| $8.31M | ﹤0.01% |
769,131
+53,344
| +7% | +$790K |
|
Similar funds
Geode Capital Management's Q1 2020 Portfolio in Review
As of Q1 2020, Geode Capital Management held 4,292 positions worth $384B, down 20% from $478B the previous quarter. Its ten largest holdings account for 21% of the portfolio.
Geode Capital Management's Q1 2020 filing shows 103 new, 3,113 increased, 564 reduced and 177 closed positions. Its largest new stake was Perdoceo Education: 1,042,040 shares worth $11.2M. The largest sale was Wellcare Health Plans, Inc., an estimated $248M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 20% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2020 buy was Perdoceo Education: 1,042,040 shares worth $11.2M.
- Geode Capital Management added most to Apple in Q1 2020, an estimated $499M increase.
- Geode Capital Management's biggest Q1 2020 reduction was Procter & Gamble, cutting an estimated $122M.
- Geode Capital Management fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $248M.
- Geode Capital Management's ten largest holdings make up 21% of its $384B portfolio in Q1 2020.
- Geode Capital Management opened 103 new positions and closed 177 in Q1 2020.
- Geode Capital Management's portfolio value fell 20% quarter-over-quarter to $384B.
Based on Geode Capital Management's 13F filing for Q1 2020, filed 14 May 2020.