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 | |
|---|---|---|---|---|---|---|
2801
Ramaco Resources Class A
METC
$645M
| $3.77M | ﹤0.01% |
442,873
+9,254
| +2% | +$93.5K |
|
2802
Pure Cycle
PCYO
$270M
| $3.76M | ﹤0.01% |
358,717
+4,088
| +1% | +$38.2K |
|
2803
Alto Ingredients
ALTO
$328M
| $3.76M | ﹤0.01% |
1,305,193
+10,604
| +0.8% | +$37.7K |
|
|
NGM
2804
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $3.76M | ﹤0.01% |
748,724
+11,408
| +2% | +$71.5K |
|
2805
Hovnanian Enterprises
HOV
$772M
| $3.75M | ﹤0.01% |
89,065
+1,683
| +2% | +$71.3K |
|
2806
Vivid Seats
SEAT
$82.6M
| $3.73M | ﹤0.01% |
25,523
+893
| +4% | +$139K |
|
2807
Tilly's
TLYS
$130M
| $3.72M | ﹤0.01% |
410,993
+5,256
| +1% | +$46.1K |
|
2808
Kura Sushi USA
KRUS
$590M
| $3.72M | ﹤0.01% |
77,974
+1,259
| +2% | +$83.7K |
|
2809
Universal Technical Institute
UTI
$1.47B
| $3.71M | ﹤0.01% |
552,953
+15,852
| +3% | +$105K |
|
|
APEN
2810
DELISTED
Apollo Endosurgery, Inc.
APEN
| $3.71M | ﹤0.01% |
372,329
+28,878
| +8% | +$215K |
|
2811
Greene County Bancorp
GCBC
$584M
| $3.71M | ﹤0.01% |
129,270
+7,202
| +6% | +$240K |
|
2812
Nkarta
NKTX
$176M
| $3.71M | ﹤0.01% |
619,685
+19,656
| +3% | +$198K |
|
2813
The Honest Company
HNST
$561M
| $3.7M | ﹤0.01% |
1,229,801
+102,498
| +9% | +$320K |
|
2814
NVE Corp
NVEC
$573M
| $3.69M | ﹤0.01% |
57,021
-2,316
| -4% | -$142K |
|
2815
PDS Biotechnology
PDSB
$40.9M
| $3.69M | ﹤0.01% |
279,591
+9,136
| +3% | +$64.4K |
|
2816
DHI Group
DHX
$158M
| $3.69M | ﹤0.01% |
696,703
-182
| -0% | -$1.01K |
|
2817
Rimini Street
RMNI
$458M
| $3.69M | ﹤0.01% |
967,219
+525
| +0.1% | +$2.33K |
|
|
ZIMV
2818
DELISTED
ZimVie
ZIMV
| $3.68M | ﹤0.01% |
393,947
+11,330
| +3% | +$99K |
|
2819
eGain
EGAN
$203M
| $3.67M | ﹤0.01% |
406,973
+3,773
| +0.9% | +$31K |
|
2820
Riley Exploration Permian
REPX
$802M
| $3.67M | ﹤0.01% |
124,801
+2,416
| +2% | +$68.7K |
|
|
BELFB
2821
Bel Fuse Inc Class B
BELFB
$4.1B
| $3.67M | ﹤0.01% |
111,422
+3,663
| +3% | +$120K |
|
|
ITIC
2822
Investors Title Co
ITIC
$540M
| $3.67M | ﹤0.01% |
24,840
+21
| +0.1% | +$3.05K |
|
2823
The Joint Corp
JYNT
$123M
| $3.66M | ﹤0.01% |
262,070
+4,395
| +2% | +$67.9K |
|
|
SOND
2824
DELISTED
Sonder
SOND
| $3.66M | ﹤0.01% |
147,636
+6,201
| +4% | +$219K |
|
2825
Melco Resorts & Entertainment
MLCO
$2.12B
| $3.66M | ﹤0.01% |
318,178
-5,051
| -2% | -$41K |
|
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.