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 | |
|---|---|---|---|---|---|---|
2101
British American Tobacco
BTI
$127B
| $5.39M | ﹤0.01% |
162,332
+49,948
| +44% | +$2.04M |
|
2102
Sonic Automotive
SAH
$2.71B
| $5.36M | ﹤0.01% |
403,858
+22,394
| +6% | +$584K |
|
2103
Lennar Class B
LEN.B
$19.9B
| $5.35M | ﹤0.01% |
194,991
-18,861
| -9% | -$825K |
|
2104
Banc of California
BANC
$3.04B
| $5.34M | ﹤0.01% |
667,528
+97,209
| +17% | +$1.43M |
|
|
BSTC
2105
DELISTED
BioSpecifics Technologies Corp.
BSTC
| $5.33M | ﹤0.01% |
94,143
+2,217
| +2% | +$126K |
|
|
XENT
2106
DELISTED
Intersect ENT, Inc
XENT
| $5.32M | ﹤0.01% |
449,346
+27,822
| +7% | +$617K |
|
|
CTT
2107
DELISTED
CATCHMARK TIMBER TRUST, INC.
CTT
| $5.31M | ﹤0.01% |
736,079
+74,968
| +11% | +$718K |
|
|
KREF
2108
KKR Real Estate Finance Trust
KREF
$480M
| $5.3M | ﹤0.01% |
353,310
+39,481
| +13% | +$747K |
|
2109
Extreme Networks
EXTR
$3.24B
| $5.29M | ﹤0.01% |
1,713,646
+77,591
| +5% | +$431K |
|
2110
Carlyle Group
CG
$17.4B
| $5.29M | ﹤0.01% |
244,521
+154,127
| +171% | +$4.45M |
|
2111
MGP Ingredients
MGPI
$383M
| $5.29M | ﹤0.01% |
196,835
+12,521
| +7% | +$428K |
|
2112
GrafTech
EAF
$199M
| $5.29M | ﹤0.01% |
65,133
-1,191
| -2% | -$115K |
|
2113
Dillards
DDS
$9.66B
| $5.29M | ﹤0.01% |
143,087
+5,809
| +4% | +$339K |
|
|
AD
2114
Array Digital Infrastructure
AD
$3.1B
| $5.28M | ﹤0.01% |
180,978
-45,011
| -20% | -$1.47M |
|
2115
Health Catalyst
HCAT
$166M
| $5.26M | ﹤0.01% |
201,201
+99,312
| +97% | +$3.03M |
|
|
CNSL
2116
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $5.23M | ﹤0.01% |
1,149,791
+90,176
| +9% | +$458K |
|
2117
Logitech
LOGI
$14.8B
| $5.22M | ﹤0.01% |
121,604
-3,117
| -2% | -$135K |
|
|
MLNX
2118
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $5.22M | ﹤0.01% |
43,019
-32,529
| -43% | -$3.83M |
|
2119
Axogen
AXGN
$2.39B
| $5.21M | ﹤0.01% |
500,779
+26,761
| +6% | +$341K |
|
|
CLDT
2120
Chatham Lodging
CLDT
$602M
| $5.21M | ﹤0.01% |
876,691
+70,702
| +9% | +$989K |
|
2121
Hackett Group
HCKT
$273M
| $5.2M | ﹤0.01% |
409,185
+30,551
| +8% | +$459K |
|
2122
America's Car Mart
CRMT
$27.7M
| $5.19M | ﹤0.01% |
92,138
+5,637
| +7% | +$552K |
|
2123
Corbus Pharmaceuticals
CRBP
$180M
| $5.19M | ﹤0.01% |
33,020
+7,021
| +27% | +$1.19M |
|
2124
Zumiez
ZUMZ
$338M
| $5.13M | ﹤0.01% |
296,196
+16,751
| +6% | +$472K |
|
|
PENG
2125
Penguin Solutions Inc
PENG
$2.92B
| $5.13M | ﹤0.01% |
422,230
+53,042
| +14% | +$776K |
|
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.