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 | |
|---|---|---|---|---|---|---|
|
CMO
2076
DELISTED
Capstead Mortgage Corp.
CMO
| $5.59M | ﹤0.01% |
1,330,595
+91,704
| +7% | +$654K |
|
2077
Origin Bancorp
OBK
$1.66B
| $5.58M | ﹤0.01% |
275,749
+27,262
| +11% | +$852K |
|
2078
Wabash National
WNC
$512M
| $5.58M | ﹤0.01% |
773,186
+6,369
| +0.8% | +$71.4K |
|
2079
Powell Industries
POWL
$7.54B
| $5.58M | ﹤0.01% |
651,849
-56,343
| -8% | -$674K |
|
2080
Arrow Financial
AROW
$664M
| $5.57M | ﹤0.01% |
224,797
+10,451
| +5% | +$306K |
|
|
TECX
2081
Tectonic Therapeutic
TECX
$562M
| $5.56M | ﹤0.01% |
29,763
+5,097
| +21% | +$1.2M |
|
2082
ANI Pharmaceuticals
ANIP
$1.88B
| $5.55M | ﹤0.01% |
136,276
+11,354
| +9% | +$604K |
|
|
SRG
2083
Seritage Growth Properties
SRG
$137M
| $5.53M | ﹤0.01% |
607,225
+33,986
| +6% | +$1.06M |
|
2084
QuinStreet
QNST
$874M
| $5.53M | ﹤0.01% |
686,498
+51,480
| +8% | +$634K |
|
2085
First Community Bankshares
FCBC
$917M
| $5.52M | ﹤0.01% |
236,826
+44,664
| +23% | +$1.23M |
|
2086
Buckle
BKE
$2.38B
| $5.52M | ﹤0.01% |
402,522
+18,037
| +5% | +$406K |
|
2087
Option Care Health
OPCH
$3.51B
| $5.52M | ﹤0.01% |
582,580
+106,973
| +22% | +$1.57M |
|
2088
Adtran
ADTN
$625M
| $5.51M | ﹤0.01% |
717,814
+8,874
| +1% | +$75.8K |
|
|
RDUS
2089
DELISTED
Radius Recycling
RDUS
| $5.5M | ﹤0.01% |
421,488
-50,969
| -11% | -$854K |
|
2090
Bank of N.T. Butterfield & Son
NTB
$2.42B
| $5.48M | ﹤0.01% |
322,059
+13,097
| +4% | +$385K |
|
2091
Future Fuel
FF
$232M
| $5.48M | ﹤0.01% |
486,465
+12,214
| +3% | +$136K |
|
|
VRS
2092
DELISTED
Verso Corporation
VRS
| $5.47M | ﹤0.01% |
485,021
+23,198
| +5% | +$362K |
|
2093
Pennant Group
PNTG
$1.37B
| $5.47M | ﹤0.01% |
386,104
+36,138
| +10% | +$915K |
|
|
SILK
2094
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $5.44M | ﹤0.01% |
172,876
+30,888
| +22% | +$1.24M |
|
2095
CAE Inc. Common Shares
CAE
$8.58B
| $5.43M | ﹤0.01% |
430,591
+42,160
| +11% | +$1.07M |
|
2096
Midland States Bancorp
MSBI
$708M
| $5.42M | ﹤0.01% |
310,071
+19,091
| +7% | +$463K |
|
2097
Republic Bancorp
RBCAA
$1.96B
| $5.42M | ﹤0.01% |
164,186
+6,698
| +4% | +$265K |
|
|
ATRS
2098
DELISTED
Antares Pharma, Inc.
ATRS
| $5.42M | ﹤0.01% |
2,294,526
+171,325
| +8% | +$583K |
|
2099
CytomX Therapeutics
CTMX
$734M
| $5.41M | ﹤0.01% |
705,187
+48,930
| +7% | +$341K |
|
2100
CEL-SCI Corp
CVM
$27.4M
| $5.39M | ﹤0.01% |
15,580
+2,869
| +23% | +$1.05M |
|
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.