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 | |
|---|---|---|---|---|---|---|
2601
Amplify Energy
AMPY
$172M
| $5.67M | ﹤0.01% |
645,377
+29,305
| +5% | +$249K |
|
2602
Nordic American Tanker
NAT
$1.33B
| $5.67M | ﹤0.01% |
1,852,150
+143,184
| +8% | +$462K |
|
2603
PMV Pharmaceuticals
PMVP
$65.6M
| $5.66M | ﹤0.01% |
650,175
+5,034
| +0.8% | +$53.7K |
|
2604
Liquidia Corp
LQDA
$8.1B
| $5.65M | ﹤0.01% |
886,379
+19,534
| +2% | +$105K |
|
|
AD
2605
Array Digital Infrastructure
AD
$3.03B
| $5.63M | ﹤0.01% |
270,249
+9,540
| +4% | +$228K |
|
|
FSP
2606
Franklin Street Properties
FSP
$45.3M
| $5.63M | ﹤0.01% |
2,063,137
+67,516
| +3% | +$187K |
|
2607
Hyliion Holdings
HYLN
$701M
| $5.59M | ﹤0.01% |
2,388,581
+111,744
| +5% | +$303K |
|
2608
Ooma
OOMA
$593M
| $5.59M | ﹤0.01% |
410,285
+19,613
| +5% | +$290K |
|
2609
SoundThinking
SSTI
$105M
| $5.58M | ﹤0.01% |
164,880
+4,764
| +3% | +$159K |
|
2610
Shore Bancshares
SHBI
$788M
| $5.57M | ﹤0.01% |
319,416
+13,946
| +5% | +$261K |
|
2611
Pulmonx
LUNG
$97.9M
| $5.56M | ﹤0.01% |
659,596
+30,222
| +5% | +$287K |
|
2612
Codexis
CDXS
$161M
| $5.54M | ﹤0.01% |
1,189,941
+65,368
| +6% | +$358K |
|
2613
Arlo Technologies
ARLO
$1.6B
| $5.53M | ﹤0.01% |
1,575,125
+106,750
| +7% | +$439K |
|
2614
Home Bancorp
HBCP
$556M
| $5.53M | ﹤0.01% |
138,071
+4,604
| +3% | +$191K |
|
2615
Intrepid Potash
IPI
$508M
| $5.5M | ﹤0.01% |
190,376
+4,958
| +3% | +$184K |
|
2616
Pennant Group
PNTG
$1.38B
| $5.41M | ﹤0.01% |
492,836
+17,954
| +4% | +$195K |
|
|
GPMT
2617
Granite Point Mortgage Trust
GPMT
$59.8M
| $5.41M | ﹤0.01% |
1,008,557
+48,038
| +5% | +$312K |
|
2618
Aurinia Pharmaceuticals
AUPH
$2.06B
| $5.39M | ﹤0.01% |
1,248,954
+43,972
| +4% | +$255K |
|
2619
Ocugen
OCGN
$444M
| $5.39M | ﹤0.01% |
4,143,527
+337,579
| +9% | +$526K |
|
2620
Inspired Entertainment
INSE
$161M
| $5.38M | ﹤0.01% |
424,531
-513
| -0.1% | -$5.69K |
|
2621
NerdWallet
NRDS
$645M
| $5.36M | ﹤0.01% |
558,218
+56,095
| +11% | +$629K |
|
|
BNFT
2622
DELISTED
Benefitfocus, Inc.
BNFT
| $5.36M | ﹤0.01% |
512,227
+28,784
| +6% | +$258K |
|
2623
Ardmore Shipping
ASC
$670M
| $5.32M | ﹤0.01% |
369,263
+70,756
| +24% | +$940K |
|
2624
Aurora
AUR
$13.7B
| $5.32M | ﹤0.01% |
4,397,178
+353,753
| +9% | +$603K |
|
2625
Esquire Financial Holdings
ESQ
$1.12B
| $5.32M | ﹤0.01% |
122,971
+6,787
| +6% | +$288K |
|
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.