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 | |
|---|---|---|---|---|---|---|
1926
Tronox
TROX
$1.09B
| $9.87M | ﹤0.01% |
1,366,413
+124
| +0% | +$818 |
|
1927
York Water
YORW
$510M
| $9.85M | ﹤0.01% |
205,455
+1,154
| +0.6% | +$50K |
|
|
GLDD
1928
DELISTED
Great Lakes Dredge & Dock
GLDD
| $9.84M | ﹤0.01% |
1,062,840
-41,961
| -4% | -$367K |
|
1929
B2Gold
BTG
$5.5B
| $9.81M | ﹤0.01% |
1,735,071
+1,390,721
| +404% | +$6.97M |
|
1930
Kearny Financial
KRNY
$609M
| $9.8M | ﹤0.01% |
1,198,240
+18,779
| +2% | +$157K |
|
|
SPWR
1931
DELISTED
SunPower Corporation Common Stock
SPWR
| $9.78M | ﹤0.01% |
1,949,035
-12,604
| -0.6% | -$57.6K |
|
1932
Gossamer Bio
GOSS
$86.7M
| $9.77M | ﹤0.01% |
751,578
+159,982
| +27% | +$2.01M |
|
1933
Veeco
VECO
$3.3B
| $9.77M | ﹤0.01% |
724,148
-21,157
| -3% | -$243K |
|
1934
Federal Agricultural Mortgage
AGM
$2.57B
| $9.75M | ﹤0.01% |
152,360
-918
| -0.6% | -$56.9K |
|
|
FFWM
1935
DELISTED
First Foundation Inc
FFWM
| $9.74M | ﹤0.01% |
595,928
+12,261
| +2% | +$165K |
|
1936
Unitil
UTL
$987M
| $9.71M | ﹤0.01% |
216,712
+3,982
| +2% | +$195K |
|
1937
Universal Electronics
UEIC
$60.6M
| $9.71M | ﹤0.01% |
207,349
+3,305
| +2% | +$139K |
|
1938
Bausch Health
BHC
$2.26B
| $9.65M | ﹤0.01% |
530,342
+32,562
| +7% | +$574K |
|
1939
HSBC
HSBC
$353B
| $9.64M | ﹤0.01% |
413,328
-130,352
| -24% | -$3.24M |
|
|
VCRA
1940
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
| $9.64M | ﹤0.01% |
454,620
+15,875
| +4% | +$311K |
|
|
MOMO
1941
Hello Group
MOMO
$854M
| $9.63M | ﹤0.01% |
553,492
+30,632
| +6% | +$643K |
|
|
TRST
1942
Trustco Bank Corp NY
TRST
$987M
| $9.61M | ﹤0.01% |
303,756
+4,701
| +2% | +$139K |
|
1943
Preferred Bank
PFBC
$1.26B
| $9.6M | ﹤0.01% |
224,080
+4,758
| +2% | +$175K |
|
1944
Inogen
INGN
$179M
| $9.59M | ﹤0.01% |
270,100
+2,234
| +0.8% | +$94.1K |
|
1945
Patterson-UTI
PTEN
$3.78B
| $9.58M | ﹤0.01% |
2,761,310
+323,436
| +13% | +$1.12M |
|
1946
Alaunos Therapeutics
TCRT
$4.93M
| $9.57M | ﹤0.01% |
19,446
+1,674
| +9% | +$746K |
|
|
KNL
1947
DELISTED
Knoll, Inc.
KNL
| $9.55M | ﹤0.01% |
783,430
+26,241
| +3% | +$289K |
|
1948
Acco Brands
ACCO
$404M
| $9.55M | ﹤0.01% |
1,344,675
-69,326
| -5% | -$431K |
|
1949
United Parks & Resorts
PRKS
$2.1B
| $9.5M | ﹤0.01% |
641,234
+43,084
| +7% | +$635K |
|
1950
The RMR Group
RMR
$311M
| $9.48M | ﹤0.01% |
321,581
+4,270
| +1% | +$124K |
|
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.