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 | |
|---|---|---|---|---|---|---|
|
DCH
1951
Dauch Corp
DCH
$1.38B
| $18M | ﹤0.01% |
1,862,035
+176,256
| +10% | +$1.75M |
|
|
DBD
1952
DELISTED
Diebold Nixdorf Incorporated
DBD
| $17.8M | ﹤0.01% |
1,262,548
+186,852
| +17% | +$2.57M |
|
1953
e.l.f. Beauty
ELF
$4.87B
| $17.8M | ﹤0.01% |
664,282
+66,732
| +11% | +$1.67M |
|
1954
Benchmark Electronics
BHE
$2.91B
| $17.8M | ﹤0.01% |
575,103
+40,803
| +8% | +$1.17M |
|
|
NVEE
1955
DELISTED
NV5 Global
NVEE
| $17.8M | ﹤0.01% |
736,308
+65,236
| +10% | +$1.56M |
|
1956
Omeros
OMER
$909M
| $17.7M | ﹤0.01% |
994,915
+73,113
| +8% | +$1.42M |
|
1957
Teck Resources
TECK
$29.5B
| $17.6M | ﹤0.01% |
928,655
+39,119
| +4% | +$792K |
|
1958
Ameresco
AMRC
$1.2B
| $17.6M | ﹤0.01% |
361,571
+35,092
| +11% | +$1.93M |
|
1959
Apogee Enterprises
APOG
$876M
| $17.6M | ﹤0.01% |
429,391
+27,310
| +7% | +$1.03M |
|
1960
Cerus
CERS
$433M
| $17.5M | ﹤0.01% |
2,913,633
+246,545
| +9% | +$1.68M |
|
1961
CoreCivic
CXW
$3B
| $17.4M | ﹤0.01% |
1,927,506
+170,943
| +10% | +$1.32M |
|
1962
MP Materials
MP
$7.8B
| $17.4M | ﹤0.01% |
+483,657
| New | +$17.9M |
|
|
GLDD
1963
DELISTED
Great Lakes Dredge & Dock
GLDD
| $17.4M | ﹤0.01% |
1,190,969
+102,549
| +9% | +$1.5M |
|
1964
MarineMax
HZO
$774M
| $17.3M | ﹤0.01% |
350,845
+39,758
| +13% | +$1.88M |
|
1965
Pan American Silver
PAAS
$18.4B
| $17.3M | ﹤0.01% |
578,953
+36,467
| +7% | +$1.18M |
|
1966
Kinross Gold
KGC
$27.8B
| $17.3M | ﹤0.01% |
2,602,036
+284,627
| +12% | +$1.98M |
|
1967
Green Plains
GPRE
$1.17B
| $17.3M | ﹤0.01% |
637,637
+125,670
| +25% | +$2.88M |
|
|
NBIS
1968
Nebius Group N.V.
NBIS
$54B
| $17.2M | ﹤0.01% |
268,786
+6,715
| +3% | +$449K |
|
1969
NovaGold Resources
NG
$2.61B
| $17.2M | ﹤0.01% |
1,963,888
+132,368
| +7% | +$1.21M |
|
1970
Tactile Systems Technology
TCMD
$672M
| $17.2M | ﹤0.01% |
315,854
+31,007
| +11% | +$1.66M |
|
1971
Albertsons Companies
ACI
$5.58B
| $17.2M | ﹤0.01% |
901,157
+429,430
| +91% | +$7.54M |
|
1972
Heritage Financial
HFWA
$1.23B
| $17.1M | ﹤0.01% |
606,956
+54,524
| +10% | +$1.43M |
|
|
CDMO
1973
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $17.1M | ﹤0.01% |
938,866
+126,008
| +16% | +$2.09M |
|
1974
Theravance Biopharma
TBPH
$874M
| $17.1M | ﹤0.01% |
838,363
+83,878
| +11% | +$1.59M |
|
1975
Veeco
VECO
$3.11B
| $17.1M | ﹤0.01% |
824,485
+63,754
| +8% | +$1.33M |
|
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.