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
|
+$906M |
| 2 |
Amazon
AMZN
|
+$712M |
| 3 |
Microsoft
MSFT
|
+$665M |
| 4 |
AbbVie
ABBV
|
+$538M |
| 5 |
Apple
AAPL
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$302M |
| 2 |
Chevron
CVX
|
+$290M |
| 3 |
American Tower
AMT
|
+$225M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$136M |
| 5 |
Baidu
BIDU
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.64% |
| 2 | Healthcare | 14.93% |
| 3 | Financials | 13.34% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Ross Stores
ROST
$80.8B
| $599M | 0.09% |
7,115,695
+137,077
| +2% | +$11.6M |
|
227
Republic Services
RSG
$67.4B
| $596M | 0.09% |
4,387,664
+11,433
| +0.3% | +$1.6M |
|
228
Nucor
NUE
$58.3B
| $595M | 0.09% |
5,560,937
-60,295
| -1% | -$7.57M |
|
229
Carrier Global
CARR
$49.4B
| $592M | 0.09% |
16,668,706
+244,310
| +1% | +$9.62M |
|
230
WEC Energy
WEC
$36.3B
| $592M | 0.09% |
6,620,018
+150,246
| +2% | +$15.3M |
|
|
TWTR
231
DELISTED
Twitter, Inc.
TWTR
| $587M | 0.09% |
13,406,709
-1,070,867
| -7% | -$43.6M |
|
232
Digital Realty Trust
DLR
$69.6B
| $585M | 0.09% |
5,908,997
+39,601
| +0.7% | +$4.86M |
|
233
Cummins
CMI
$83.6B
| $583M | 0.09% |
2,869,462
+65,403
| +2% | +$13.9M |
|
234
Dow Inc
DOW
$22B
| $582M | 0.09% |
13,228,543
+123,883
| +0.9% | +$6.28M |
|
235
Kroger
KR
$36.7B
| $580M | 0.09% |
13,276,624
+167,333
| +1% | +$7.95M |
|
236
Johnson Controls International
JCI
$85.1B
| $580M | 0.09% |
11,791,129
+29,550
| +0.3% | +$1.57M |
|
|
BNY
237
Bank of New York Mellon
BNY
$103B
| $574M | 0.09% |
14,930,048
+510,488
| +4% | +$21.8M |
|
238
TE Connectivity
TEL
$60B
| $571M | 0.09% |
5,182,164
+68,313
| +1% | +$8.5M |
|
239
T. Rowe Price
TROW
$25.5B
| $567M | 0.09% |
5,405,935
+107,689
| +2% | +$12.8M |
|
240
Eversource Energy
ES
$28.1B
| $564M | 0.09% |
7,239,215
+144,543
| +2% | +$12.7M |
|
241
ON Semiconductor
ON
$30.7B
| $562M | 0.09% |
9,019,249
+176,025
| +2% | +$11.3M |
|
242
Keurig Dr Pepper
KDP
$42.8B
| $560M | 0.08% |
15,639,874
+2,018,063
| +15% | +$76.3M |
|
243
Constellation Energy
CEG
$92.1B
| $559M | 0.08% |
6,730,978
+174,164
| +3% | +$12.8M |
|
244
AvalonBay Communities
AVB
$27.5B
| $558M | 0.08% |
3,033,601
+22,573
| +0.7% | +$4.55M |
|
245
Keysight
KEYS
$50.7B
| $555M | 0.08% |
3,531,663
+30,542
| +0.9% | +$4.89M |
|
246
Arista Networks
ANET
$199B
| $552M | 0.08% |
19,596,792
+1,506,060
| +8% | +$43.4M |
|
247
Cognizant
CTSH
$25.2B
| $552M | 0.08% |
9,617,111
+391,394
| +4% | +$25.6M |
|
248
Public Service Enterprise Group
PEG
$38.7B
| $552M | 0.08% |
9,821,934
+191,817
| +2% | +$12.4M |
|
249
Cheniere Energy
LNG
$54.2B
| $545M | 0.08% |
3,289,311
+101,605
| +3% | +$15.4M |
|
250
Warner Bros
WBD
$64.3B
| $541M | 0.08% |
47,087,443
+1,196,371
| +3% | +$16.3M |
|
Similar funds
Geode Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Geode Capital Management held 5,120 positions worth $659B, down 3.4% from $683B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Geode Capital Management opened 106 new positions and exited 90, leaving the 5,120-position portfolio largely intact.
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 Q3 2022 buy was Endeavor Group Holdings, Inc.: 1,449,828 shares worth $29.4M.
- Geode Capital Management added most to Tesla in Q3 2022, an estimated $906M increase.
- Geode Capital Management's biggest Q3 2022 reduction was Home Depot, cutting an estimated $302M.
- Geode Capital Management fully exited American Campus Communities, Inc. in Q3 2022, selling an estimated $136M.
- Geode Capital Management's ten largest holdings make up 23% of its $659B portfolio in Q3 2022.
- Geode Capital Management opened 106 new positions and closed 90 in Q3 2022.
- Geode Capital Management's portfolio value fell 3.4% quarter-over-quarter to $659B.
Based on Geode Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.