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 | |
|---|---|---|---|---|---|---|
2276
Energy Recovery
ERII
$443M
| $3.9M | ﹤0.01% |
524,309
+39,581
| +8% | +$375K |
|
2277
NVE Corp
NVEC
$609M
| $3.9M | ﹤0.01% |
74,949
+4,548
| +6% | +$297K |
|
|
AKCA
2278
DELISTED
Akcea Therapeutics Inc
AKCA
| $3.89M | ﹤0.01% |
272,020
+20,629
| +8% | +$339K |
|
|
HAYN
2279
DELISTED
Haynes International, Inc.
HAYN
| $3.88M | ﹤0.01% |
188,455
+14,689
| +8% | +$386K |
|
|
BNFT
2280
DELISTED
Benefitfocus, Inc.
BNFT
| $3.87M | ﹤0.01% |
434,789
+34,492
| +9% | +$523K |
|
2281
BJ's Restaurants
BJRI
$1.48B
| $3.85M | ﹤0.01% |
277,430
+14,810
| +6% | +$476K |
|
2282
Astrana Health
ASTH
$1.77B
| $3.85M | ﹤0.01% |
297,668
+17,349
| +6% | +$283K |
|
2283
Ducommun
DCO
$2.98B
| $3.84M | ﹤0.01% |
154,564
+9,435
| +7% | +$363K |
|
|
IVC
2284
DELISTED
Invacare Corporation
IVC
| $3.83M | ﹤0.01% |
515,372
+19,659
| +4% | +$152K |
|
|
AGEN
2285
Agenus
AGEN
$290M
| $3.83M | ﹤0.01% |
79,615
+2,689
| +3% | +$169K |
|
|
MOFG
2286
DELISTED
MidWestOne Financial Group
MOFG
| $3.8M | ﹤0.01% |
181,552
+16,071
| +10% | +$472K |
|
2287
Rigel Pharmaceuticals
RIGL
$750M
| $3.8M | ﹤0.01% |
243,358
+17,432
| +8% | +$371K |
|
|
FSB
2288
DELISTED
Franklin Financial Network, Inc.
FSB
| $3.8M | ﹤0.01% |
186,212
+18,964
| +11% | +$604K |
|
2289
AdvanSix
ASIX
$444M
| $3.79M | ﹤0.01% |
397,541
-5,699
| -1% | -$88.5K |
|
|
CDMO
2290
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $3.78M | ﹤0.01% |
740,689
+42,493
| +6% | +$257K |
|
2291
Bally's
BALY
$658M
| $3.77M | ﹤0.01% |
290,095
+26,490
| +10% | +$611K |
|
2292
HCI Group
HCI
$2.41B
| $3.77M | ﹤0.01% |
93,743
+2,832
| +3% | +$122K |
|
|
TPC
2293
Tutor Perini Cor
TPC
$5.21B
| $3.77M | ﹤0.01% |
561,027
+42,360
| +8% | +$453K |
|
|
AMK
2294
DELISTED
AssetMark Financial Holdings, Inc.
AMK
| $3.77M | ﹤0.01% |
184,824
+14,329
| +8% | +$385K |
|
|
RC
2295
Ready Capital
RC
$308M
| $3.77M | ﹤0.01% |
521,587
+86,011
| +20% | +$1.18M |
|
2296
Diageo
DEO
$53.6B
| $3.76M | ﹤0.01% |
29,612
-384
| -1% | -$57.6K |
|
|
BCOV
2297
DELISTED
Brightcove, Inc.
BCOV
| $3.76M | ﹤0.01% |
539,969
+52,729
| +11% | +$425K |
|
|
HTB
2298
HomeTrust Bancshares
HTB
$850M
| $3.75M | ﹤0.01% |
235,621
+13,253
| +6% | +$311K |
|
2299
Tejon Ranch
TRC
$451M
| $3.75M | ﹤0.01% |
266,408
+4,855
| +2% | +$74.6K |
|
|
DBD
2300
DELISTED
Diebold Nixdorf Incorporated
DBD
| $3.74M | ﹤0.01% |
1,063,523
+42,226
| +4% | +$358K |
|
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.