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 |
Tesla
TSLA
|
+$2.41B |
| 2 |
American Tower
AMT
|
+$272M |
| 3 |
Microsoft
MSFT
|
+$271M |
| 4 |
Zoom
ZM
|
+$245M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$206M |
| 2 |
IMMU
Immunomedics Inc
IMMU
|
+$200M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$186M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$151M |
| 5 |
Pfizer
PFE
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 13.6% |
| 3 | Financials | 13.05% |
| 4 | Consumer Discretionary | 12.39% |
| 5 | Communication Services | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1976
Advantage Solutions
ADV
$555M
| $13.2M | ﹤0.01% |
+39,964
| New | +$10.5M |
|
1977
German American Bancorp
GABC
$1.92B
| $13.1M | ﹤0.01% |
396,519
+4,514
| +1% | +$143K |
|
1978
Bally's
BALY
$664M
| $13.1M | ﹤0.01% |
261,129
+3,889
| +2% | +$136K |
|
1979
Kearny Financial
KRNY
$613M
| $13.1M | ﹤0.01% |
1,239,266
-12,183
| -1% | -$115K |
|
1980
BJ's Restaurants
BJRI
$1.43B
| $13.1M | ﹤0.01% |
339,946
+11,003
| +3% | +$375K |
|
1981
ADT
ADT
$5.73B
| $13.1M | ﹤0.01% |
1,666,161
+84,326
| +5% | +$662K |
|
1982
Artivion
AORT
$1.31B
| $13M | ﹤0.01% |
551,158
+31,308
| +6% | +$635K |
|
|
RDUS
1983
DELISTED
Radius Health, Inc.
RDUS
| $13M | ﹤0.01% |
727,605
+25,629
| +4% | +$385K |
|
1984
BioLife Solutions
BLFS
$1.59B
| $13M | ﹤0.01% |
325,367
+35,243
| +12% | +$1.2M |
|
|
KRA
1985
DELISTED
Kraton Corporation
KRA
| $13M | ﹤0.01% |
466,773
+12,895
| +3% | +$348K |
|
1986
Quanex
NX
$959M
| $12.9M | ﹤0.01% |
584,094
-1,680
| -0.3% | -$34.6K |
|
|
RDUS
1987
DELISTED
Radius Recycling
RDUS
| $12.9M | ﹤0.01% |
405,205
-4,588
| -1% | -$113K |
|
1988
Heritage Financial
HFWA
$1.25B
| $12.9M | ﹤0.01% |
552,432
+1,876
| +0.3% | +$42.2K |
|
1989
American Well
AMWL
$174M
| $12.9M | ﹤0.01% |
+25,484
| New | +$14.8M |
|
|
GES
1990
DELISTED
Guess Inc
GES
| $12.8M | ﹤0.01% |
566,125
+18,776
| +3% | +$296K |
|
1991
Tactile Systems Technology
TCMD
$680M
| $12.8M | ﹤0.01% |
284,847
+3,213
| +1% | +$128K |
|
1992
CRH
CRH
$65.8B
| $12.8M | ﹤0.01% |
299,889
+61,219
| +26% | +$2.41M |
|
1993
Apogee Enterprises
APOG
$888M
| $12.7M | ﹤0.01% |
402,081
+5,282
| +1% | +$143K |
|
|
PTVE
1994
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
| $12.7M | ﹤0.01% |
702,011
+572,011
| +440% | +$8.83M |
|
|
ATNX
1995
DELISTED
Athenex, Inc. Common Stock
ATNX
| $12.7M | ﹤0.01% |
57,561
+10,035
| +21% | +$2.47M |
|
1996
RE/MAX Holdings
RMAX
$207M
| $12.7M | ﹤0.01% |
350,054
+64,792
| +23% | +$2.2M |
|
1997
StepStone Group
STEP
$4B
| $12.7M | ﹤0.01% |
+319,338
| New | +$9.26M |
|
|
RPT
1998
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $12.7M | ﹤0.01% |
1,469,309
-26,381
| -2% | -$178K |
|
1999
Brookdale Senior Living
BKD
$3.4B
| $12.7M | ﹤0.01% |
2,862,686
+7,558
| +0.3% | +$27.9K |
|
|
AVID
2000
DELISTED
Avid Technology Inc
AVID
| $12.7M | ﹤0.01% |
798,948
+41,430
| +5% | +$464K |
|
Similar funds
Geode Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Geode Capital Management held 4,369 positions worth $596B, up 17% from $510B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Geode Capital Management's Q4 2020 filing shows 215 new, 3,067 increased, 650 reduced and 100 closed positions. Its largest new stake was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M. The largest sale was Tiffany & Co., an estimated $206M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2020 buy was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M.
- Geode Capital Management added most to Tesla in Q4 2020, an estimated $2.41B increase.
- Geode Capital Management's biggest Q4 2020 reduction was Pfizer, cutting an estimated $131M.
- Geode Capital Management fully exited Tiffany & Co. in Q4 2020, selling an estimated $206M.
- Geode Capital Management's ten largest holdings make up 22% of its $596B portfolio in Q4 2020.
- Geode Capital Management opened 215 new positions and closed 100 in Q4 2020.
- Geode Capital Management's portfolio value rose 17% quarter-over-quarter to $596B.
Based on Geode Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.