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 |
Microsoft
MSFT
|
+$981M |
| 2 |
Apple
AAPL
|
+$704M |
| 3 |
Amazon
AMZN
|
+$670M |
| 4 |
Merck
MRK
|
+$431M |
| 5 |
NVIDIA
NVDA
|
+$414M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KSU
Kansas City Southern
KSU
|
+$441M |
| 2 |
JD.com
JD
|
+$196M |
| 3 |
Aon
AON
|
+$184M |
| 4 |
VER
VEREIT, Inc.
VER
|
+$165M |
| 5 |
Dell
DELL
|
+$138M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.2% |
| 2 | Healthcare | 13.25% |
| 3 | Financials | 13.01% |
| 4 | Consumer Discretionary | 11.99% |
| 5 | Communication Services | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2001
Yext
YEXT
$569M
| $18.8M | ﹤0.01% |
1,891,583
+127,094
| +7% | +$1.43M |
|
|
AMWD
2002
DELISTED
American Woodmark
AMWD
| $18.8M | ﹤0.01% |
287,639
-8,035
| -3% | -$544K |
|
2003
MannKind Corp
MNKD
$1.17B
| $18.7M | ﹤0.01% |
4,271,058
+13,136
| +0.3% | +$60.8K |
|
2004
Nicolet Bankshares
NIC
$3.64B
| $18.6M | ﹤0.01% |
217,455
+14,943
| +7% | +$1.14M |
|
2005
Madrigal Pharmaceuticals
MDGL
$11.1B
| $18.6M | ﹤0.01% |
220,018
+17,643
| +9% | +$1.45M |
|
2006
Pitney Bowes
PBI
$2.48B
| $18.6M | ﹤0.01% |
2,808,523
-18,819
| -0.7% | -$133K |
|
2007
Atlanta Braves Holdings Series B
BATRK
$3.27B
| $18.6M | ﹤0.01% |
661,248
-10,093
| -2% | -$286K |
|
2008
Central Garden & Pet Co Class A
CENTA
$2.39B
| $18.5M | ﹤0.01% |
483,263
-7,660
| -2% | -$284K |
|
|
GLDD
2009
DELISTED
Great Lakes Dredge & Dock
GLDD
| $18.5M | ﹤0.01% |
1,175,199
-31,833
| -3% | -$484K |
|
2010
Scansource
SCSC
$1.16B
| $18.4M | ﹤0.01% |
524,913
-8,401
| -2% | -$296K |
|
2011
Nuvation Bio
NUVB
$2.14B
| $18.3M | ﹤0.01% |
2,157,580
+748,225
| +53% | +$6.88M |
|
2012
Inovio Pharmaceuticals
INO
$72M
| $18.3M | ﹤0.01% |
306,219
+29,288
| +11% | +$2.35M |
|
2013
AngioDynamics
ANGO
$627M
| $18.3M | ﹤0.01% |
663,601
+10,838
| +2% | +$299K |
|
2014
James River Group Holdings
JRVR
$213M
| $18.3M | ﹤0.01% |
635,258
-6,818
| -1% | -$211K |
|
2015
BellRing Brands
BRBR
$1.51B
| $18.3M | ﹤0.01% |
640,777
-3,108
| -0.5% | -$81.2K |
|
2016
Cars.com
CARS
$676M
| $18.3M | ﹤0.01% |
1,135,617
-6,575
| -0.6% | -$93.9K |
|
2017
RB Global
RBA
$20.7B
| $18.3M | ﹤0.01% |
299,376
+17,800
| +6% | +$1.19M |
|
2018
Harmony Biosciences
HRMY
$2.06B
| $18.1M | ﹤0.01% |
424,828
+13,718
| +3% | +$547K |
|
2019
Hydrofarm Holdings
HYFM
$9.15M
| $18.1M | ﹤0.01% |
63,841
+1,397
| +2% | +$474K |
|
2020
Tencent Music
TME
$15.8B
| $18.1M | ﹤0.01% |
2,656,573
+225,171
| +9% | +$1.66M |
|
|
CNR
2021
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $18.1M | ﹤0.01% |
1,035,248
+86,969
| +9% | +$1.35M |
|
2022
Archrock
AROC
$6.16B
| $18M | ﹤0.01% |
2,410,760
+37,692
| +2% | +$303K |
|
2023
Gates Industrial Corporation Ltd.
GTES
$7.44B
| $18M | ﹤0.01% |
1,132,838
-337,211
| -23% | -$5.53M |
|
2024
Nurix Therapeutics
NRIX
$2.41B
| $18M | ﹤0.01% |
621,547
-9,151
| -1% | -$277K |
|
2025
A10 Networks
ATEN
$2.16B
| $18M | ﹤0.01% |
1,083,571
-30,762
| -3% | -$467K |
|
Similar funds
Geode Capital Management's Q4 2021 Portfolio in Review
As of Q4 2021, Geode Capital Management held 5,071 positions worth $830B, up 12% from $743B the previous quarter. Its ten largest holdings account for 24% of the portfolio.
Geode Capital Management's Q4 2021 filing shows 216 new, 2,976 increased, 1,070 reduced and 95 closed positions. Its largest new stake was Rivian: 2,078,098 shares worth $215M. The largest sale was Kansas City Southern, an estimated $441M.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 25% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2021 buy was Rivian: 2,078,098 shares worth $215M.
- Geode Capital Management added most to Microsoft in Q4 2021, an estimated $981M increase.
- Geode Capital Management's biggest Q4 2021 reduction was JD.com, cutting an estimated $196M.
- Geode Capital Management fully exited Kansas City Southern in Q4 2021, selling an estimated $441M.
- Geode Capital Management's ten largest holdings make up 24% of its $830B portfolio in Q4 2021.
- Geode Capital Management opened 216 new positions and closed 95 in Q4 2021.
- Geode Capital Management's portfolio value rose 12% quarter-over-quarter to $830B.
Based on Geode Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.