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 |
Tesla
TSLA
|
+$2.41B |
| 2 |
American Tower
AMT
|
+$272M |
| 3 |
Microsoft
MSFT
|
+$271M |
| 4 |
Zoom
ZM
|
+$245M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$223M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TIF
Tiffany & Co.
TIF
|
+$206M |
| 2 |
IMMU
Immunomedics Inc
IMMU
|
+$200M |
| 3 |
ETFC
E*Trade Financial Corporation
ETFC
|
+$186M |
| 4 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$151M |
| 5 |
Pfizer
PFE
|
+$131M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 24.25% |
| 2 | Healthcare | 13.6% |
| 3 | Financials | 13.05% |
| 4 | Consumer Discretionary | 12.39% |
| 5 | Communication Services | 9.76% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MDP
2101
DELISTED
Meredith Corporation
MDP
| $11.1M | ﹤0.01% |
578,686
+1,363
| +0.2% | +$22.1K |
|
2102
Keros Therapeutics
KROS
$203M
| $11.1M | ﹤0.01% |
157,460
+47,432
| +43% | +$2.99M |
|
2103
Photronics
PLAB
$1.92B
| $11.1M | ﹤0.01% |
993,593
+666
| +0.1% | +$7.29K |
|
2104
Liberty Energy
LBRT
$3.23B
| $11.1M | ﹤0.01% |
1,075,063
+221,201
| +26% | +$2.02M |
|
2105
Preferred Bank
PFBC
$1.27B
| $11.1M | ﹤0.01% |
219,586
-10,112
| -4% | -$395K |
|
|
CMRC
2106
Commerce.com Inc Series 1
CMRC
$269M
| $11.1M | ﹤0.01% |
172,683
+25,093
| +17% | +$2M |
|
2107
Children's Place
PLCE
$59.2M
| $11M | ﹤0.01% |
220,355
+3,518
| +2% | +$128K |
|
2108
Bank of N.T. Butterfield & Son
NTB
$2.46B
| $11M | ﹤0.01% |
354,016
+11,489
| +3% | +$338K |
|
2109
Harmonic Inc
HLIT
$1.34B
| $11M | ﹤0.01% |
1,491,529
+40,776
| +3% | +$268K |
|
2110
PBF Energy
PBF
$7.81B
| $11M | ﹤0.01% |
1,545,234
+36,663
| +2% | +$239K |
|
2111
Tucows
TCX
$162M
| $10.9M | ﹤0.01% |
148,200
+5,953
| +4% | +$443K |
|
2112
Purple Innovation
PRPL
$42.4M
| $10.9M | ﹤0.01% |
13,284
-1,112
| -8% | -$810K |
|
2113
Center Bancorp
CNOB
$1.69B
| $10.9M | ﹤0.01% |
551,472
-7,524
| -1% | -$132K |
|
|
BPFH
2114
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
| $10.9M | ﹤0.01% |
1,291,427
-10,271
| -0.8% | -$72.8K |
|
2115
MarineMax
HZO
$793M
| $10.9M | ﹤0.01% |
311,087
+3,479
| +1% | +$109K |
|
2116
Scholastic
SCHL
$821M
| $10.9M | ﹤0.01% |
435,543
-18,804
| -4% | -$432K |
|
|
ECHO
2117
DELISTED
Echo Global Logistics, Inc.
ECHO
| $10.9M | ﹤0.01% |
405,973
+2,963
| +0.7% | +$83.4K |
|
2118
Community Health Systems
CYH
$417M
| $10.9M | ﹤0.01% |
1,465,169
+40,269
| +3% | +$285K |
|
|
SWI
2119
DELISTED
SolarWinds Corporation Common Stock
SWI
| $10.9M | ﹤0.01% |
690,082
+53,620
| +8% | +$1.17M |
|
2120
HSBC
HSBC
$364B
| $10.8M | ﹤0.01% |
418,657
+5,821
| +1% | +$138K |
|
2121
Kelly Services Class A
KELYA
$528M
| $10.8M | ﹤0.01% |
526,628
+11,335
| +2% | +$227K |
|
|
ANAT
2122
DELISTED
American National Group, Inc. Common Stock
ANAT
| $10.8M | ﹤0.01% |
112,286
-4,390
| -4% | -$354K |
|
|
MGP
2123
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
| $10.8M | ﹤0.01% |
+344,056
| New | +$10.3M |
|
2124
PC Connection
CNXN
$2.19B
| $10.7M | ﹤0.01% |
227,079
-8,163
| -3% | -$375K |
|
2125
Federal Agricultural Mortgage
AGM
$2.62B
| $10.7M | ﹤0.01% |
144,542
+8,581
| +6% | +$597K |
|
Similar funds
Geode Capital Management's Q4 2020 Portfolio in Review
As of Q4 2020, Geode Capital Management held 4,369 positions worth $596B, up 17% from $510B the previous quarter. Its ten largest holdings account for 22% of the portfolio.
Geode Capital Management's Q4 2020 filing shows 215 new, 3,067 increased, 650 reduced and 100 closed positions. Its largest new stake was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M. The largest sale was Tiffany & Co., an estimated $206M.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2020 buy was Apartment Income REIT Corp.: 2,223,585 shares worth $85.4M.
- Geode Capital Management added most to Tesla in Q4 2020, an estimated $2.41B increase.
- Geode Capital Management's biggest Q4 2020 reduction was Pfizer, cutting an estimated $131M.
- Geode Capital Management fully exited Tiffany & Co. in Q4 2020, selling an estimated $206M.
- Geode Capital Management's ten largest holdings make up 22% of its $596B portfolio in Q4 2020.
- Geode Capital Management opened 215 new positions and closed 100 in Q4 2020.
- Geode Capital Management's portfolio value rose 17% quarter-over-quarter to $596B.
Based on Geode Capital Management's 13F filing for Q4 2020, filed 12 Feb 2021.