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 | |
|---|---|---|---|---|---|---|
1901
TechTarget
TTGT
$321M
| $7.66M | ﹤0.01% |
371,833
+50,061
| +16% | +$1.19M |
|
1902
Cactus
WHD
$5.28B
| $7.66M | ﹤0.01% |
660,593
+30,988
| +5% | +$778K |
|
1903
Warrior Met Coal
HCC
$4.45B
| $7.65M | ﹤0.01% |
720,194
+57,596
| +9% | +$1.04M |
|
1904
Phibro Animal Health
PAHC
$1.46B
| $7.62M | ﹤0.01% |
315,206
+2,980
| +1% | +$72.8K |
|
|
NFBK
1905
DELISTED
Northfield Bancorp
NFBK
| $7.61M | ﹤0.01% |
680,430
+28,067
| +4% | +$414K |
|
1906
Southern Copper
SCCO
$164B
| $7.6M | ﹤0.01% |
292,777
+18,341
| +7% | +$615K |
|
1907
Enviri
NVRI
$647M
| $7.59M | ﹤0.01% |
1,088,618
+66,502
| +7% | +$908K |
|
1908
Nicolet Bankshares
NIC
$3.65B
| $7.59M | ﹤0.01% |
139,007
+15,953
| +13% | +$1.07M |
|
|
ARR
1909
Armour Residential REIT
ARR
$2.35B
| $7.53M | ﹤0.01% |
170,986
-2,535
| -1% | -$217K |
|
1910
Invesco Mortgage Capital
IVR
$761M
| $7.49M | ﹤0.01% |
219,793
+31,491
| +17% | +$4.62M |
|
|
NXRT
1911
NexPoint Residential Trust
NXRT
$631M
| $7.47M | ﹤0.01% |
296,510
+20,427
| +7% | +$895K |
|
|
MAGN
1912
Magnera Corp
MAGN
$482M
| $7.46M | ﹤0.01% |
46,943
+639
| +1% | +$126K |
|
1913
Agilysys
AGYS
$3.12B
| $7.45M | ﹤0.01% |
446,059
-6,611
| -1% | -$181K |
|
|
VIVO
1914
DELISTED
Meridian Bioscience Inc
VIVO
| $7.42M | ﹤0.01% |
883,776
+21,482
| +2% | +$181K |
|
|
NPTN
1915
DELISTED
NEOPHOTONICS CORP
NPTN
| $7.42M | ﹤0.01% |
1,023,404
-147,036
| -13% | -$1.09M |
|
1916
Preferred Bank
PFBC
$1.26B
| $7.42M | ﹤0.01% |
219,322
+10,030
| +5% | +$525K |
|
1917
Brinker International
EAT
$9.69B
| $7.4M | ﹤0.01% |
615,839
+33,130
| +6% | +$1.11M |
|
1918
Magnite
MGNI
$2.96B
| $7.39M | ﹤0.01% |
1,331,982
+697,788
| +110% | +$6.41M |
|
1919
Cohu
COHU
$2.45B
| $7.37M | ﹤0.01% |
594,974
+45,483
| +8% | +$927K |
|
1920
Univest Financial
UVSP
$1.22B
| $7.36M | ﹤0.01% |
451,176
+22,079
| +5% | +$505K |
|
1921
Icahn Enterprises
IEP
$5.01B
| $7.33M | ﹤0.01% |
151,300
+12,684
| +9% | +$767K |
|
|
GOOD
1922
Gladstone Commercial Corp
GOOD
$593M
| $7.28M | ﹤0.01% |
507,234
+74,814
| +17% | +$1.42M |
|
1923
Camden National
CAC
$1B
| $7.27M | ﹤0.01% |
231,280
+20,121
| +10% | +$846K |
|
1924
Griffon
GFF
$4.72B
| $7.27M | ﹤0.01% |
574,996
+50,740
| +10% | +$915K |
|
1925
Cass Information Systems
CASS
$731M
| $7.27M | ﹤0.01% |
206,848
+10,094
| +5% | +$487K |
|
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.