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 | |
|---|---|---|---|---|---|---|
2751
Donegal Group Class A
DGICA
$693M
| $4.23M | ﹤0.01% |
297,701
+3,211
| +1% | +$46.7K |
|
2752
MediaAlpha
MAX
$830M
| $4.23M | ﹤0.01% |
424,739
+40,714
| +11% | +$449K |
|
|
BBUC
2753
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$5.9B
| $4.22M | ﹤0.01% |
224,811
+15,724
| +8% | +$342K |
|
2754
Tactile Systems Technology
TCMD
$657M
| $4.22M | ﹤0.01% |
367,412
+8,937
| +2% | +$78.6K |
|
|
CANO
2755
DELISTED
Cano Health, Inc.
CANO
| $4.16M | ﹤0.01% |
30,370
+1,418
| +5% | +$480K |
|
2756
MVB Financial
MVBF
$387M
| $4.15M | ﹤0.01% |
188,577
+2,909
| +2% | +$71K |
|
2757
Itaú Unibanco
ITUB
$86.9B
| $4.13M | ﹤0.01% |
993,913
-225,452
| -18% | -$1.02M |
|
2758
UWM Holdings
UWMC
$478M
| $4.13M | ﹤0.01% |
1,247,650
+67,250
| +6% | +$252K |
|
|
BCOV
2759
DELISTED
Brightcove, Inc.
BCOV
| $4.13M | ﹤0.01% |
789,363
+48,381
| +7% | +$282K |
|
2760
Red River Bancshares
RRBI
$663M
| $4.12M | ﹤0.01% |
80,787
+3,252
| +4% | +$177K |
|
|
AVEO
2761
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
| $4.12M | ﹤0.01% |
275,892
+7,578
| +3% | +$105K |
|
|
TRUE
2762
DELISTED
TrueCar
TRUE
| $4.12M | ﹤0.01% |
1,641,036
+33,076
| +2% | +$68.8K |
|
2763
Third Coast Bancshares
TCBX
$737M
| $4.11M | ﹤0.01% |
222,744
-430
| -0.2% | -$7.97K |
|
2764
Ring Energy
REI
$354M
| $4.07M | ﹤0.01% |
1,654,921
+188,033
| +13% | +$516K |
|
|
DZSI
2765
DELISTED
DZS Inc. Common Stock
DZSI
| $4.06M | ﹤0.01% |
320,493
-9,973
| -3% | -$127K |
|
2766
Willdan Group
WLDN
$1.24B
| $4.04M | ﹤0.01% |
226,121
+11,637
| +5% | +$179K |
|
2767
Hippo Holdings
HIPO
$856M
| $4M | ﹤0.01% |
293,787
+21,395
| +8% | +$321K |
|
2768
Energy Vault
NRGV
$605M
| $3.99M | ﹤0.01% |
1,280,427
+177,500
| +16% | +$658K |
|
|
RIDE
2769
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $3.98M | ﹤0.01% |
233,041
+28,970
| +14% | +$672K |
|
2770
Advantage Solutions
ADV
$383M
| $3.98M | ﹤0.01% |
76,563
+3,469
| +5% | +$218K |
|
2771
First Bank
FRBA
$452M
| $3.98M | ﹤0.01% |
289,012
+21,008
| +8% | +$310K |
|
2772
Compass Therapeutics
CMPX
$400M
| $3.97M | ﹤0.01% |
790,248
+188,924
| +31% | +$754K |
|
|
HLTH
2773
DELISTED
Cue Health Inc. Common Stock
HLTH
| $3.97M | ﹤0.01% |
1,919,962
+45,027
| +2% | +$142K |
|
2774
PagSeguro Digital
PAGS
$2.54B
| $3.97M | ﹤0.01% |
454,472
+427,545
| +1,588% | +$5.02M |
|
2775
Upland Software
UPLD
$14.5M
| $3.97M | ﹤0.01% |
55,668
+2,660
| +5% | +$198K |
|
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.