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 | |
|---|---|---|---|---|---|---|
251
Illumina
ILMN
$29.5B
| $536M | 0.08% |
2,893,535
+64,058
| +2% | +$12.7M |
|
252
Extra Space Storage
EXR
$32.3B
| $534M | 0.08% |
3,097,266
-55,923
| -2% | -$10.6M |
|
253
Old Dominion Freight Line
ODFL
$46.3B
| $534M | 0.08% |
4,293,542
+434,778
| +11% | +$60.1M |
|
254
Mettler-Toledo International
MTD
$28.1B
| $532M | 0.08% |
490,753
+6,815
| +1% | +$8.47M |
|
255
Palo Alto Networks
PANW
$256B
| $531M | 0.08% |
6,491,252
+25,304
| +0.4% | +$2.19M |
|
256
TransDigm Group
TDG
$70.7B
| $529M | 0.08% |
1,008,534
+12,866
| +1% | +$7.68M |
|
257
Copart
CPRT
$28.5B
| $518M | 0.08% |
19,496,084
+496,932
| +3% | +$14.8M |
|
258
PPG Industries
PPG
$24.9B
| $512M | 0.08% |
4,630,730
+88,805
| +2% | +$11M |
|
259
Ametek
AME
$53.9B
| $512M | 0.08% |
4,516,143
+77,994
| +2% | +$9.35M |
|
|
DFS
260
DELISTED
Discover Financial Services
DFS
| $510M | 0.08% |
5,611,646
-651,716
| -10% | -$66M |
|
261
DuPont de Nemours
DD
$18.6B
| $509M | 0.08% |
8,050,718
+43,515
| +0.5% | +$3.11M |
|
262
Uber
UBER
$145B
| $504M | 0.08% |
19,036,361
+2,523,620
| +15% | +$69.7M |
|
263
Equity Residential
EQR
$25.8B
| $503M | 0.08% |
7,494,643
-32,320
| -0.4% | -$2.39M |
|
264
Rockwell Automation
ROK
$51.1B
| $493M | 0.07% |
2,295,271
+44,565
| +2% | +$10.4M |
|
265
Kraft Heinz
KHC
$32.8B
| $491M | 0.07% |
14,752,244
+1,571,614
| +12% | +$58.4M |
|
266
Baxter International
BAX
$12.8B
| $491M | 0.07% |
9,118,883
+113,304
| +1% | +$6.82M |
|
267
HP
HPQ
$26B
| $486M | 0.07% |
19,500,224
-1,946,777
| -9% | -$59.8M |
|
268
Oneok
OKE
$56.7B
| $482M | 0.07% |
9,414,647
+211,852
| +2% | +$12.6M |
|
269
Willis Towers Watson
WTW
$29.8B
| $477M | 0.07% |
2,374,417
-3,155
| -0.1% | -$651K |
|
270
CBRE Group
CBRE
$43.3B
| $472M | 0.07% |
7,006,093
-120,066
| -2% | -$9.52M |
|
271
American Water Works
AWK
$27B
| $472M | 0.07% |
3,627,496
+73,524
| +2% | +$11.1M |
|
272
Weyerhaeuser
WY
$17.6B
| $471M | 0.07% |
16,497,840
+143,221
| +0.9% | +$4.88M |
|
|
FRC
273
DELISTED
First Republic Bank
FRC
| $471M | 0.07% |
3,609,345
+142,092
| +4% | +$21.8M |
|
274
Snowflake
SNOW
$98.1B
| $467M | 0.07% |
2,749,567
+431,978
| +19% | +$71.5M |
|
|
CTRA
275
DELISTED
Coterra Energy
CTRA
| $463M | 0.07% |
17,755,188
+657,204
| +4% | +$18.8M |
|
Similar funds
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.