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 |
Microsoft
MSFT
|
+$784M |
| 2 |
Apple
AAPL
|
+$427M |
| 3 |
Danaher
DHR
|
+$417M |
| 4 |
Prologis
PLD
|
+$405M |
| 5 |
Amazon
AMZN
|
+$383M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$587M |
| 2 |
Eli Lilly
LLY
|
+$491M |
| 3 |
DRE
Duke Realty Corp.
DRE
|
+$343M |
| 4 |
ABMD
Abiomed Inc
ABMD
|
+$252M |
| 5 |
CTXS
Citrix Systems Inc
CTXS
|
+$239M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.94% |
| 2 | Healthcare | 15.43% |
| 3 | Financials | 13.92% |
| 4 | Consumer Discretionary | 9.78% |
| 5 | Industrials | 9.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2476
Ryanair
RYAAY
$30.9B
| $7M | ﹤0.01% |
234,123
-30
| -0% | -$852 |
|
2477
Babcock & Wilcox
BW
$1.34B
| $6.99M | ﹤0.01% |
1,211,170
+85,189
| +8% | +$465K |
|
2478
Southern Missouri Bancorp
SMBC
$840M
| $6.98M | ﹤0.01% |
152,289
+11,674
| +8% | +$588K |
|
2479
RE/MAX Holdings
RMAX
$242M
| $6.92M | ﹤0.01% |
371,519
-10,535
| -3% | -$201K |
|
|
ROVR
2480
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
| $6.92M | ﹤0.01% |
1,886,198
+76,515
| +4% | +$328K |
|
2481
Atea Pharmaceuticals
AVIR
$403M
| $6.91M | ﹤0.01% |
1,437,359
+48,156
| +3% | +$244K |
|
2482
Liquidity Services
LQDT
$1.28B
| $6.88M | ﹤0.01% |
489,370
+12,645
| +3% | +$203K |
|
|
KZR
2483
DELISTED
Kezar Life Sciences
KZR
| $6.88M | ﹤0.01% |
97,689
+3,599
| +4% | +$267K |
|
2484
Beazer Homes USA
BZH
$906M
| $6.86M | ﹤0.01% |
537,934
+11,722
| +2% | +$142K |
|
2485
Luxfer Holdings
LXFR
$457M
| $6.86M | ﹤0.01% |
500,095
-2,518
| -0.5% | -$36.7K |
|
2486
Financial Institutions
FISI
$811M
| $6.86M | ﹤0.01% |
281,424
+4,915
| +2% | +$121K |
|
2487
Xperi
XPER
$332M
| $6.85M | ﹤0.01% |
795,285
+22,958
| +3% | +$263K |
|
|
DSEY
2488
DELISTED
Diversey Holdings, Ltd. Ordinary Shares
DSEY
| $6.85M | ﹤0.01% |
1,607,266
+26,016
| +2% | +$127K |
|
|
ORC
2489
Orchid Island Capital
ORC
$1.3B
| $6.83M | ﹤0.01% |
650,338
-2,189
| -0.3% | -$22.3K |
|
|
BHIL
2490
DELISTED
Benson Hill, Inc.
BHIL
| $6.81M | ﹤0.01% |
76,283
+1,943
| +3% | +$190K |
|
2491
Teekay Tankers
TNK
$2.65B
| $6.81M | ﹤0.01% |
220,937
+9,452
| +4% | +$301K |
|
2492
Waterstone Financial
WSBF
$372M
| $6.79M | ﹤0.01% |
393,822
-144
| -0% | -$2.41K |
|
2493
Alerus Financial
ALRS
$822M
| $6.78M | ﹤0.01% |
290,572
+11,745
| +4% | +$267K |
|
2494
Vita Coco
COCO
$3.62B
| $6.78M | ﹤0.01% |
490,448
+21,994
| +5% | +$257K |
|
2495
Centrus Energy
LEU
$3.75B
| $6.76M | ﹤0.01% |
208,269
+10,748
| +5% | +$410K |
|
2496
Pliant Therapeutics
PLRX
$65M
| $6.76M | ﹤0.01% |
349,608
+21,740
| +7% | +$454K |
|
2497
Omega Flex
OFLX
$306M
| $6.74M | ﹤0.01% |
72,235
-371
| -0.5% | -$35.1K |
|
|
VTNR
2498
DELISTED
Vertex Energy, Inc
VTNR
| $6.73M | ﹤0.01% |
1,085,633
+27,485
| +3% | +$205K |
|
2499
DMC Global
BOOM
$154M
| $6.71M | ﹤0.01% |
344,972
+2,313
| +0.7% | +$42.7K |
|
|
TSVT
2500
DELISTED
2seventy bio
TSVT
| $6.71M | ﹤0.01% |
715,629
+19,324
| +3% | +$273K |
|
Similar funds
Geode Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Geode Capital Management held 5,090 positions worth $713B, up 8.1% from $659B the previous quarter. Its ten largest holdings account for 20% of the portfolio.
Trading was light in Q4 2022: portfolio turnover was 4.9%. Geode Capital Management opened 62 new positions and exited 188, leaving the 5,090-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 23% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q4 2022 buy was Ferguson: 1,854,192 shares worth $235M.
- Geode Capital Management added most to Microsoft in Q4 2022, an estimated $784M increase.
- Geode Capital Management's biggest Q4 2022 reduction was Eli Lilly, cutting an estimated $491M.
- Geode Capital Management fully exited Twitter, Inc. in Q4 2022, selling an estimated $587M.
- Geode Capital Management's ten largest holdings make up 20% of its $713B portfolio in Q4 2022.
- Geode Capital Management opened 62 new positions and closed 188 in Q4 2022.
- Geode Capital Management's portfolio value rose 8.1% quarter-over-quarter to $713B.
Based on Geode Capital Management's 13F filing for Q4 2022, filed 13 Feb 2023.