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 | |
|---|---|---|---|---|---|---|
|
HTBK
2001
DELISTED
Heritage Commerce
HTBK
| $6.33M | ﹤0.01% |
825,504
+61,804
| +8% | +$654K |
|
|
MTSC
2002
DELISTED
MTS Systems Corp
MTSC
| $6.33M | ﹤0.01% |
281,341
+30,327
| +12% | +$1.19M |
|
2003
Simulations Plus
SLP
$371M
| $6.33M | ﹤0.01% |
181,169
+8,463
| +5% | +$282K |
|
2004
Prothena Corp
PRTA
$444M
| $6.31M | ﹤0.01% |
590,126
+20,791
| +4% | +$252K |
|
2005
Teck Resources
TECK
$32.4B
| $6.3M | ﹤0.01% |
815,848
+80,417
| +11% | +$963K |
|
|
LGTY
2006
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $6.3M | ﹤0.01% |
443,187
+23,753
| +6% | +$351K |
|
2007
Central Pacific Financial
CPF
$1.02B
| $6.29M | ﹤0.01% |
395,745
+18,069
| +5% | +$445K |
|
2008
Waterstone Financial
WSBF
$377M
| $6.29M | ﹤0.01% |
432,518
+18,362
| +4% | +$312K |
|
2009
Stoneridge
SRI
$211M
| $6.23M | ﹤0.01% |
372,067
+25,751
| +7% | +$639K |
|
2010
Ichor Holdings
ICHR
$2.46B
| $6.22M | ﹤0.01% |
324,942
+17,624
| +6% | +$533K |
|
2011
Anika Therapeutics
ANIK
$257M
| $6.18M | ﹤0.01% |
213,767
-9,087
| -4% | -$368K |
|
2012
E.W. Scripps
SSP
$263M
| $6.17M | ﹤0.01% |
818,605
+56,051
| +7% | +$692K |
|
2013
American Public Education
APEI
$987M
| $6.17M | ﹤0.01% |
257,750
+6,944
| +3% | +$169K |
|
|
ARCH
2014
DELISTED
Arch Resources, Inc.
ARCH
| $6.15M | ﹤0.01% |
212,809
+16,526
| +8% | +$846K |
|
2015
Peoples Bancorp
PEBO
$1.5B
| $6.15M | ﹤0.01% |
277,601
+14,662
| +6% | +$436K |
|
2016
Assembly Biosciences
ASMB
$526M
| $6.14M | ﹤0.01% |
34,484
+6,180
| +22% | +$1.32M |
|
|
LGF.B
2017
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
| $6.13M | ﹤0.01% |
1,099,014
+39,892
| +4% | +$333K |
|
2018
Quince Therapeutics
QNCX
$28.2M
| $6.13M | ﹤0.01% |
672
+138
| +26% | +$1.36M |
|
2019
Arcus Biosciences
RCUS
$3.48B
| $6.12M | ﹤0.01% |
440,641
+45,647
| +12% | +$568K |
|
|
NWLI
2020
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $6.1M | ﹤0.01% |
35,488
+2,299
| +7% | +$563K |
|
2021
RE/MAX Holdings
RMAX
$207M
| $6.09M | ﹤0.01% |
278,061
+15,185
| +6% | +$495K |
|
|
QADA
2022
DELISTED
QAD Inc.
QADA
| $6.09M | ﹤0.01% |
152,632
+10,998
| +8% | +$521K |
|
2023
Vericel Corp
VCEL
$2.32B
| $6.09M | ﹤0.01% |
664,107
+46,498
| +8% | +$697K |
|
|
JOBS
2024
DELISTED
51job Inc
JOBS
| $6.07M | ﹤0.01% |
99,309
+5,672
| +6% | +$431K |
|
2025
Conduent
CNDT
$267M
| $6.07M | ﹤0.01% |
2,476,977
+242,965
| +11% | +$963K |
|
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.