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 | |
|---|---|---|---|---|---|---|
2501
Plains All American Pipeline
PAA
$16.4B
| $6.7M | ﹤0.01% |
569,980
-1,226
| -0.2% | -$14.5K |
|
|
AAN
2502
DELISTED
The Aaron's Company Inc
AAN
| $6.7M | ﹤0.01% |
560,433
+13,949
| +3% | +$149K |
|
2503
Bridgewater Bancshares
BWB
$594M
| $6.69M | ﹤0.01% |
377,240
+9,702
| +3% | +$178K |
|
|
PFHD
2504
DELISTED
Professional Holding Corp. Class A Common stock
PFHD
| $6.69M | ﹤0.01% |
241,190
+11,647
| +5% | +$323K |
|
2505
Funko
FNKO
$346M
| $6.68M | ﹤0.01% |
612,058
+30,973
| +5% | +$435K |
|
2506
Seneca Foods Class A
SENEA
$1.2B
| $6.68M | ﹤0.01% |
109,548
-4,347
| -4% | -$267K |
|
|
ONTF
2507
DELISTED
ON24
ONTF
| $6.67M | ﹤0.01% |
773,507
+40,715
| +6% | +$326K |
|
|
BASE
2508
DELISTED
Couchbase
BASE
| $6.64M | ﹤0.01% |
501,142
+47,469
| +10% | +$615K |
|
2509
Definitive Healthcare
DH
$73.9M
| $6.58M | ﹤0.01% |
598,798
+62,460
| +12% | +$803K |
|
|
NSTG
2510
DELISTED
NanoString Technologies, Inc.
NSTG
| $6.51M | ﹤0.01% |
817,206
+14,628
| +2% | +$127K |
|
|
CTEV
2511
Claritev Corp
CTEV
$579M
| $6.49M | ﹤0.01% |
141,103
+4,112
| +3% | +$328K |
|
2512
Peoples Financial Services
PFIS
$691M
| $6.49M | ﹤0.01% |
125,157
+7,182
| +6% | +$382K |
|
2513
Caribou Biosciences
CRBU
$165M
| $6.47M | ﹤0.01% |
1,030,987
+45,617
| +5% | +$406K |
|
2514
Edgewise Therapeutics
EWTX
$4.85B
| $6.46M | ﹤0.01% |
722,145
+198,624
| +38% | +$1.86M |
|
2515
Marcus Corp
MCS
$933M
| $6.44M | ﹤0.01% |
447,490
+31,129
| +7% | +$471K |
|
2516
Zumiez
ZUMZ
$335M
| $6.44M | ﹤0.01% |
296,150
+7,166
| +2% | +$159K |
|
|
NPKI
2517
NPK International
NPKI
$1.15B
| $6.42M | ﹤0.01% |
1,547,672
+42,713
| +3% | +$156K |
|
2518
ACM Research
ACMR
$5.54B
| $6.42M | ﹤0.01% |
832,868
+20,172
| +2% | +$171K |
|
|
HTB
2519
HomeTrust Bancshares
HTB
$827M
| $6.41M | ﹤0.01% |
265,141
+1,806
| +0.7% | +$43.3K |
|
2520
OraSure Technologies
OSUR
$278M
| $6.4M | ﹤0.01% |
1,328,482
+18,562
| +1% | +$85.1K |
|
2521
Citizens & Northern Corp
CZNC
$452M
| $6.39M | ﹤0.01% |
279,640
+9,756
| +4% | +$234K |
|
|
SBOW
2522
DELISTED
SilverBow Resources, Inc.
SBOW
| $6.38M | ﹤0.01% |
225,796
+12,347
| +6% | +$391K |
|
2523
Atlanta Braves Holdings Series A
BATRA
$3.42B
| $6.38M | ﹤0.01% |
195,337
-1,180
| -0.6% | -$37.4K |
|
2524
Aviat Networks
AVNW
$272M
| $6.34M | ﹤0.01% |
203,402
+8,707
| +4% | +$264K |
|
2525
National Presto Industries
NPK
$990M
| $6.34M | ﹤0.01% |
92,619
+2,177
| +2% | +$149K |
|
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.