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 | |
|---|---|---|---|---|---|---|
|
GOEV
2676
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $4.91M | ﹤0.01% |
8,682
+2,740
| +46% | +$1.68M |
|
2677
Aehr Test Systems
AEHR
$3.46B
| $4.9M | ﹤0.01% |
243,685
+8,625
| +4% | +$185K |
|
2678
Heron Therapeutics
HRTX
$63.4M
| $4.9M | ﹤0.01% |
1,958,442
+132,143
| +7% | +$426K |
|
2679
Workhorse Group
WKHS
$34.5M
| $4.89M | ﹤0.01% |
1,073
+143
| +15% | +$985K |
|
|
WE
2680
DELISTED
WeWork Inc.
WE
| $4.89M | ﹤0.01% |
85,454
+11,333
| +15% | +$1.06M |
|
2681
Phathom Pharmaceuticals
PHAT
$693M
| $4.88M | ﹤0.01% |
435,044
+32,752
| +8% | +$338K |
|
2682
Seer Inc
SEER
$119M
| $4.88M | ﹤0.01% |
841,024
+45,818
| +6% | +$309K |
|
2683
Universal Electronics
UEIC
$71.6M
| $4.87M | ﹤0.01% |
234,256
+7,900
| +3% | +$164K |
|
|
PCSB
2684
DELISTED
PCSB Financial Corporation
PCSB
| $4.87M | ﹤0.01% |
252,730
+1,371
| +0.5% | +$26.4K |
|
2685
Tredegar Corp
TG
$292M
| $4.86M | ﹤0.01% |
475,396
+18,037
| +4% | +$188K |
|
2686
Mercer International
MERC
$34.2M
| $4.85M | ﹤0.01% |
417,096
+2,888
| +0.7% | +$38.4K |
|
2687
Archer Aviation
ACHR
$4.78B
| $4.84M | ﹤0.01% |
2,586,833
+113,059
| +5% | +$279K |
|
|
SMMF
2688
DELISTED
Summit Financial Group, Inc.
SMMF
| $4.83M | ﹤0.01% |
194,273
+2,591
| +1% | +$71.4K |
|
2689
5E Advanced Materials
FEAM
$81.4M
| $4.83M | ﹤0.01% |
26,645
+3,372
| +14% | +$832K |
|
2690
HCI Group
HCI
$2.36B
| $4.83M | ﹤0.01% |
121,910
+2,463
| +2% | +$90.7K |
|
|
BHR
2691
Braemar Hotels & Resorts
BHR
$139M
| $4.82M | ﹤0.01% |
1,173,416
+33,556
| +3% | +$138K |
|
|
SRG
2692
Seritage Growth Properties
SRG
$136M
| $4.82M | ﹤0.01% |
407,514
-343,093
| -46% | -$3.8M |
|
2693
Hyster-Yale Materials Handling
HY
$629M
| $4.8M | ﹤0.01% |
189,792
+5,361
| +3% | +$149K |
|
2694
Park Aerospace
PKE
$801M
| $4.79M | ﹤0.01% |
357,289
+10,414
| +3% | +$126K |
|
|
CMBM
2695
DELISTED
Cambium Networks
CMBM
| $4.78M | ﹤0.01% |
220,507
+5,171
| +2% | +$104K |
|
2696
World Acceptance Corp
WRLD
$871M
| $4.76M | ﹤0.01% |
72,183
-1,150
| -2% | -$90.9K |
|
2697
Colliers International
CIGI
$5.11B
| $4.75M | ﹤0.01% |
51,620
+908
| +2% | +$84.3K |
|
2698
Rigel Pharmaceuticals
RIGL
$778M
| $4.72M | ﹤0.01% |
314,947
+6,306
| +2% | +$57.8K |
|
2699
Digimarc Corp
DMRC
$168M
| $4.72M | ﹤0.01% |
255,254
+8,993
| +4% | +$168K |
|
2700
C4 Therapeutics
CCCC
$400M
| $4.7M | ﹤0.01% |
797,292
+20,070
| +3% | +$166K |
|
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.