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 | |
|---|---|---|---|---|---|---|
2001
Li Auto
LI
$12.9B
| $16.5M | ﹤0.01% |
663,900
+576,359
| +658% | +$16.7M |
|
|
SWCH
2002
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $16.4M | ﹤0.01% |
1,010,919
+27,018
| +3% | +$450K |
|
|
MCHB
2003
Mechanics Bancorp
MCHB
$3.77B
| $16.4M | ﹤0.01% |
372,929
+20,817
| +6% | +$866K |
|
|
SRDX
2004
DELISTED
Surmodics
SRDX
| $16.4M | ﹤0.01% |
292,234
+28,658
| +11% | +$1.43M |
|
|
BLDP
2005
Ballard Power Systems
BLDP
$805M
| $16.4M | ﹤0.01% |
675,118
+441,031
| +188% | +$13.2M |
|
|
XM
2006
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $16.3M | ﹤0.01% |
+495,021
| New | +$20.1M |
|
2007
Nice
NICE
$5.9B
| $16.3M | ﹤0.01% |
74,700
+926
| +1% | +$232K |
|
2008
Smith & Wesson
SWBI
$660M
| $16.3M | ﹤0.01% |
932,783
+88,928
| +11% | +$1.62M |
|
2009
Simulations Plus
SLP
$370M
| $16.3M | ﹤0.01% |
256,997
+33,036
| +15% | +$2.42M |
|
2010
Heartland Express
HTLD
$949M
| $16.2M | ﹤0.01% |
825,565
+59,224
| +8% | +$1.12M |
|
2011
Petco
WOOF
$831M
| $16.2M | ﹤0.01% |
+729,046
| New | +$17.4M |
|
|
AAN
2012
DELISTED
The Aaron's Company Inc
AAN
| $16.1M | ﹤0.01% |
628,242
+23,417
| +4% | +$513K |
|
2013
Federal Agricultural Mortgage
AGM
$2.58B
| $16.1M | ﹤0.01% |
159,803
+15,261
| +11% | +$1.32M |
|
2014
Coherus Oncology
CHRS
$222M
| $16.1M | ﹤0.01% |
1,099,311
+111,841
| +11% | +$1.9M |
|
2015
The RMR Group
RMR
$322M
| $16M | ﹤0.01% |
392,841
+28,346
| +8% | +$1.12M |
|
|
SLCA
2016
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $16M | ﹤0.01% |
1,304,198
+101,563
| +8% | +$1.11M |
|
2017
Green Brick Partners
GRBK
$3.09B
| $16M | ﹤0.01% |
705,944
+125,786
| +22% | +$2.68M |
|
2018
Chefs' Warehouse
CHEF
$4.54B
| $16M | ﹤0.01% |
525,568
+51,537
| +11% | +$1.53M |
|
2019
Cognyte Software
CGNT
$676M
| $16M | ﹤0.01% |
+574,911
| New | +$17.1M |
|
2020
Inogen
INGN
$182M
| $16M | ﹤0.01% |
303,819
+22,636
| +8% | +$1.13M |
|
|
FFWM
2021
DELISTED
First Foundation Inc
FFWM
| $16M | ﹤0.01% |
679,978
+46,712
| +7% | +$1.04M |
|
2022
CAE Inc. Common Shares
CAE
$8.51B
| $15.9M | ﹤0.01% |
564,418
+59,088
| +12% | +$1.57M |
|
2023
Zentalis Pharmaceuticals
ZNTL
$331M
| $15.9M | ﹤0.01% |
366,840
+35,051
| +11% | +$1.51M |
|
2024
TSMC
TSM
$2.11T
| $15.9M | ﹤0.01% |
133,700
+8,146
| +6% | +$1.01M |
|
2025
Allegro MicroSystems
ALGM
$7.74B
| $15.8M | ﹤0.01% |
624,920
+195,167
| +45% | +$5.58M |
|
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.