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 | |
|---|---|---|---|---|---|---|
|
IAS
2601
DELISTED
Integral Ad Science
IAS
| $5.73M | ﹤0.01% |
791,983
+210,101
| +36% | +$1.88M |
|
2602
Ocular Therapeutix
OCUL
$1.84B
| $5.69M | ﹤0.01% |
1,370,753
+19,328
| +1% | +$97.4K |
|
2603
Kura Sushi USA
KRUS
$580M
| $5.64M | ﹤0.01% |
76,715
-3,499
| -4% | -$269K |
|
|
HLTH
2604
DELISTED
Cue Health Inc. Common Stock
HLTH
| $5.64M | ﹤0.01% |
1,874,935
+853,839
| +84% | +$3.03M |
|
2605
Tarsus Pharmaceuticals
TARS
$2.68B
| $5.64M | ﹤0.01% |
329,481
+63,397
| +24% | +$1.01M |
|
2606
Cardlytics
CDLX
$23.6M
| $5.62M | ﹤0.01% |
59,790
-1,584
| -3% | -$225K |
|
|
RIDE
2607
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $5.6M | ﹤0.01% |
204,071
+31,837
| +18% | +$1.01M |
|
|
INDT
2608
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
| $5.57M | ﹤0.01% |
106,309
-10,698
| -9% | -$646K |
|
|
CIR
2609
DELISTED
CIRCOR International, Inc
CIR
| $5.57M | ﹤0.01% |
337,586
+582
| +0.2% | +$9.67K |
|
2610
Itaú Unibanco
ITUB
$93.6B
| $5.56M | ﹤0.01% |
1,219,365
+1,814
| +0.1% | +$7.74K |
|
2611
HighPeak Energy
HPK
$888M
| $5.55M | ﹤0.01% |
256,430
+121,052
| +89% | +$2.85M |
|
|
EIGR
2612
DELISTED
Eiger BioPharmaceuticals, Inc.
EIGR
| $5.55M | ﹤0.01% |
24,583
+1,534
| +7% | +$377K |
|
2613
Core Laboratories
CLB
$491M
| $5.53M | ﹤0.01% |
410,589
-10,396
| -2% | -$175K |
|
2614
Farmers & Merchants Bancorp
FMAO
$462M
| $5.53M | ﹤0.01% |
205,939
+3,397
| +2% | +$101K |
|
2615
Atlanta Braves Holdings Series A
BATRA
$3.49B
| $5.53M | ﹤0.01% |
196,517
+518
| +0.3% | +$14.7K |
|
2616
Peoples Financial Services
PFIS
$704M
| $5.53M | ﹤0.01% |
117,975
+1,751
| +2% | +$90.4K |
|
2617
Xponential Fitness
XPOF
$278M
| $5.52M | ﹤0.01% |
302,350
+48,734
| +19% | +$821K |
|
2618
IMAX
IMAX
$2.8B
| $5.5M | ﹤0.01% |
389,893
-3,005
| -0.8% | -$48.2K |
|
2619
Destination XL Group
DXLG
$30.4M
| $5.49M | ﹤0.01% |
1,013,455
+166,727
| +20% | +$794K |
|
|
VCSA
2620
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
| $5.48M | ﹤0.01% |
89,191
+24,206
| +37% | +$1.68M |
|
2621
DMC Global
BOOM
$149M
| $5.47M | ﹤0.01% |
342,659
-9,571
| -3% | -$194K |
|
2622
Johnson Outdoors
JOUT
$502M
| $5.47M | ﹤0.01% |
106,689
-8,700
| -8% | -$544K |
|
2623
Ryanair
RYAAY
$31.1B
| $5.47M | ﹤0.01% |
234,153
+7,505
| +3% | +$211K |
|
2624
Southern First Bancshares
SFST
$601M
| $5.46M | ﹤0.01% |
131,077
+202
| +0.2% | +$8.93K |
|
|
FIRY
2625
Firy Inc
FIRY
$144M
| $5.46M | ﹤0.01% |
267,426
+21,872
| +9% | +$617K |
|
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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.