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 | |
|---|---|---|---|---|---|---|
3151
Fresenius Medical Care
FMS
$13B
| $1.58M | ﹤0.01% |
96,529
-16,179
| -14% | -$240K |
|
3152
Neuronetics
STIM
$151M
| $1.58M | ﹤0.01% |
229,609
+9,726
| +4% | +$45.9K |
|
3153
Savara
SVRA
$1.17B
| $1.57M | ﹤0.01% |
1,015,212
+3,993
| +0.4% | +$5.48K |
|
3154
Applied Digital
APLD
$8.37B
| $1.57M | ﹤0.01% |
852,712
+424,349
| +99% | +$837K |
|
3155
Kornit Digital
KRNT
$778M
| $1.56M | ﹤0.01% |
68,151
-8,875
| -12% | -$222K |
|
3156
Ivanhoe Electric
IE
$1.74B
| $1.56M | ﹤0.01% |
128,785
+10,946
| +9% | +$115K |
|
3157
SelectQuote
SLQT
$123M
| $1.56M | ﹤0.01% |
2,327,107
+51,333
| +2% | +$33.6K |
|
3158
Willis Lease Finance
WLFC
$1.2B
| $1.56M | ﹤0.01% |
79,485
-348
| -0.4% | -$5.2K |
|
3159
Chemung Financial Corp
CHMG
$392M
| $1.56M | ﹤0.01% |
34,002
+211
| +0.6% | +$9.43K |
|
3160
Duluth Holdings
DLTH
$151M
| $1.56M | ﹤0.01% |
252,087
+15,486
| +7% | +$116K |
|
3161
InfuSystem Holdings
INFU
$241M
| $1.55M | ﹤0.01% |
179,069
+10,586
| +6% | +$86.3K |
|
3162
Orange County Bancorp
OBT
$513M
| $1.54M | ﹤0.01% |
66,296
+246
| +0.4% | +$5.58K |
|
|
MACK
3163
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $1.54M | ﹤0.01% |
134,226
+33,418
| +33% | +$275K |
|
3164
Karat Packaging
KRT
$960M
| $1.54M | ﹤0.01% |
106,995
+24,230
| +29% | +$353K |
|
3165
RGC Resources
RGCO
$225M
| $1.53M | ﹤0.01% |
69,626
+191
| +0.3% | +$4.25K |
|
3166
Invivyd
IVVD
$198M
| $1.53M | ﹤0.01% |
1,021,855
+40,608
| +4% | +$113K |
|
3167
MainStreet Bancshares
MNSB
$172M
| $1.53M | ﹤0.01% |
55,732
+59
| +0.1% | +$1.59K |
|
3168
Spok Holdings
SPOK
$237M
| $1.53M | ﹤0.01% |
186,467
+1,892
| +1% | +$15.4K |
|
|
VBIV
3169
DELISTED
VBI Vaccines, Inc. New Common Stock (Canada)
VBIV
| $1.52M | ﹤0.01% |
129,679
-194
| -0.1% | -$3.42K |
|
3170
Oil-Dri
ODC
$1.28B
| $1.52M | ﹤0.01% |
90,426
+1,002
| +1% | +$15.1K |
|
|
SAL
3171
DELISTED
Salisbury Bancorp, Inc.
SAL
| $1.51M | ﹤0.01% |
48,174
+1,228
| +3% | +$34.5K |
|
3172
First Community Corp
FCCO
$318M
| $1.51M | ﹤0.01% |
69,040
+704
| +1% | +$13.7K |
|
|
ESSA
3173
DELISTED
ESSA Bancorp
ESSA
| $1.51M | ﹤0.01% |
72,241
+1,657
| +2% | +$33.7K |
|
3174
CorMedix
CRMD
$591M
| $1.51M | ﹤0.01% |
356,917
+7,221
| +2% | +$25.5K |
|
|
FRGE
3175
DELISTED
Forge Global Holdings
FRGE
| $1.5M | ﹤0.01% |
57,985
+724
| +1% | +$16.5K |
|
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.