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 | |
|---|---|---|---|---|---|---|
|
MDP
1951
DELISTED
Meredith Corporation
MDP
| $6.9M | ﹤0.01% |
565,082
+36,961
| +7% | +$982K |
|
|
ABTX
1952
DELISTED
Allegiance Bancshares
ABTX
| $6.88M | ﹤0.01% |
285,306
+18,285
| +7% | +$615K |
|
|
THR
1953
DELISTED
Thermon Group Holdings
THR
| $6.88M | ﹤0.01% |
456,425
+26,414
| +6% | +$550K |
|
|
ATNX
1954
DELISTED
Athenex, Inc. Common Stock
ATNX
| $6.84M | ﹤0.01% |
44,207
+4,464
| +11% | +$1.12M |
|
1955
Center Bancorp
CNOB
$1.81B
| $6.84M | ﹤0.01% |
508,928
+54,697
| +12% | +$1.15M |
|
|
QUOT
1956
DELISTED
Quotient Technology Inc
QUOT
| $6.84M | ﹤0.01% |
1,052,088
+59,797
| +6% | +$534K |
|
1957
Weibo
WB
$1.95B
| $6.82M | ﹤0.01% |
206,933
+60
| +0% | +$2.54K |
|
1958
Argan
AGX
$8.44B
| $6.81M | ﹤0.01% |
197,109
+14,741
| +8% | +$611K |
|
|
PGTI
1959
DELISTED
PGT, Inc.
PGTI
| $6.81M | ﹤0.01% |
812,307
+54,648
| +7% | +$776K |
|
|
HEES
1960
DELISTED
H&E Equipment Services
HEES
| $6.8M | ﹤0.01% |
463,556
+27,736
| +6% | +$671K |
|
1961
Tronox
TROX
$933M
| $6.8M | ﹤0.01% |
1,366,289
-232,120
| -15% | -$1.92M |
|
1962
Resideo Technologies
REZI
$3.97B
| $6.8M | ﹤0.01% |
1,405,609
+30,202
| +2% | +$285K |
|
|
MOBL
1963
DELISTED
MobileIron, Inc.
MOBL
| $6.8M | ﹤0.01% |
1,788,819
+31,098
| +2% | +$133K |
|
1964
NextCure
NXTC
$21.4M
| $6.79M | ﹤0.01% |
15,271
+1,648
| +12% | +$880K |
|
1965
United Natural Foods
UNFI
$2.91B
| $6.79M | ﹤0.01% |
739,634
+52,609
| +8% | +$417K |
|
|
ECHO
1966
DELISTED
Echo Global Logistics, Inc.
ECHO
| $6.78M | ﹤0.01% |
397,139
+22,112
| +6% | +$431K |
|
1967
LeMaitre Vascular
LMAT
$1.81B
| $6.78M | ﹤0.01% |
272,185
+14,468
| +6% | +$447K |
|
|
TPIC
1968
DELISTED
TPI Composites
TPIC
| $6.77M | ﹤0.01% |
458,318
+25,988
| +6% | +$511K |
|
1969
First Financial Corp
THFF
$979M
| $6.76M | ﹤0.01% |
200,618
+17,342
| +9% | +$699K |
|
1970
Rhythm Pharmaceuticals
RYTM
$7.62B
| $6.75M | ﹤0.01% |
443,257
+45,382
| +11% | +$813K |
|
1971
Dine Brands
DIN
$453M
| $6.72M | ﹤0.01% |
234,503
+8,189
| +4% | +$594K |
|
|
LADR
1972
Ladder Capital
LADR
$1.2B
| $6.72M | ﹤0.01% |
1,417,377
+89,711
| +7% | +$1.36M |
|
|
DENN
1973
DELISTED
Denny's
DENN
| $6.71M | ﹤0.01% |
874,196
+47,493
| +6% | +$806K |
|
|
CKH
1974
DELISTED
Seacor Holdings Inc.
CKH
| $6.69M | ﹤0.01% |
248,157
+16,626
| +7% | +$600K |
|
1975
Johnson Outdoors
JOUT
$506M
| $6.68M | ﹤0.01% |
106,634
+4,152
| +4% | +$283K |
|
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.