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 | |
|---|---|---|---|---|---|---|
|
TBCH
3026
Turtle Beach Corp
TBCH
$251M
| $2.06M | ﹤0.01% |
287,799
+4,564
| +2% | +$35.8K |
|
|
PINE
3027
Alpine Income Property Trust
PINE
$343M
| $2.06M | ﹤0.01% |
108,102
+497
| +0.5% | +$9K |
|
3028
JFrog
FROG
$10.7B
| $2.06M | ﹤0.01% |
96,563
-5,004
| -5% | -$114K |
|
3029
AMES National
ATLO
$275M
| $2.04M | ﹤0.01% |
86,624
-178
| -0.2% | -$4.04K |
|
3030
Consolidated Water Co
CWCO
$484M
| $2.03M | ﹤0.01% |
137,046
-810
| -0.6% | -$13K |
|
3031
GDS Holdings
GDS
$6.29B
| $2.03M | ﹤0.01% |
97,512
-15,146
| -13% | -$232K |
|
3032
Northeast Community Bancorp
NECB
$364M
| $2.02M | ﹤0.01% |
135,698
+1,064
| +0.8% | +$14.7K |
|
3033
Acacia Research
ACTG
$465M
| $2.02M | ﹤0.01% |
480,555
-47,158
| -9% | -$185K |
|
3034
McEwen Inc
MUX
$1.18B
| $2.02M | ﹤0.01% |
344,155
+4,108
| +1% | +$19.1K |
|
|
PHLT
3035
DELISTED
Performant Healthcare Inc
PHLT
| $2.01M | ﹤0.01% |
557,665
+26,733
| +5% | +$62.6K |
|
|
CVLY
3036
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $2.01M | ﹤0.01% |
84,571
+3,679
| +5% | +$80.5K |
|
3037
Summit Therapeutics
SMMT
$11.9B
| $2M | ﹤0.01% |
471,673
+147,381
| +45% | +$268K |
|
3038
Viper Energy
VNOM
$15.3B
| $1.99M | ﹤0.01% |
62,727
+360
| +0.6% | +$11.6K |
|
3039
CVRx
CVRX
$62.9M
| $1.99M | ﹤0.01% |
108,651
+5,340
| +5% | +$65.9K |
|
|
URG
3040
Ur-Energy
URG
$564M
| $1.99M | ﹤0.01% |
1,733,594
+1,364
| +0.1% | +$1.66K |
|
3041
Absci
ABSI
$1.53B
| $1.99M | ﹤0.01% |
947,466
+787
| +0.1% | +$2.15K |
|
|
PVBC
3042
DELISTED
Provident Bancorp
PVBC
| $1.99M | ﹤0.01% |
273,298
+7,885
| +3% | +$80K |
|
3043
Superior Group of Companies
SGC
$206M
| $1.98M | ﹤0.01% |
196,737
+3,074
| +2% | +$29.7K |
|
3044
NI Holdings
NODK
$314M
| $1.98M | ﹤0.01% |
149,062
+1,204
| +0.8% | +$16.4K |
|
3045
Fidelity D&D Bancorp
FDBC
$310M
| $1.97M | ﹤0.01% |
41,867
+320
| +0.8% | +$14.6K |
|
3046
Westrock Coffee
WEST
$796M
| $1.97M | ﹤0.01% |
+147,591
| New | +$1.76M |
|
3047
Western New England Bancorp
WNEB
$276M
| $1.97M | ﹤0.01% |
208,153
+97
| +0% | +$884 |
|
3048
LCNB Corp
LCNB
$279M
| $1.97M | ﹤0.01% |
109,319
-705
| -0.6% | -$12.3K |
|
3049
MeiraGTx Holdings
MGTX
$1.21B
| $1.97M | ﹤0.01% |
301,753
+14,507
| +5% | +$99.6K |
|
3050
Rallybio
RLYB
$88.2M
| $1.96M | ﹤0.01% |
37,385
+4,670
| +14% | +$276K |
|
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.