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 | |
|---|---|---|---|---|---|---|
3426
System1
SST
$17.5M
| $846K | ﹤0.01% |
18,049
+807
| +5% | +$41.5K |
|
|
TIO
3427
DELISTED
Tingo Group, Inc. Common Stock
TIO
| $846K | ﹤0.01% |
1,019,426
+41,965
| +4% | +$35.3K |
|
3428
BlackBerry
BB
$5.26B
| $842K | ﹤0.01% |
258,703
-1,385,798
| -84% | -$6.15M |
|
3429
Union Bankshares
UNB
$109M
| $838K | ﹤0.01% |
35,814
-83
| -0.2% | -$2K |
|
3430
Innoviz Technologies
INVZ
$112M
| $837K | ﹤0.01% |
213,121
+110,807
| +108% | +$527K |
|
3431
Ambev
ABEV
$46.4B
| $835K | ﹤0.01% |
307,085
-230,010
| -43% | -$670K |
|
3432
Cenntro
CENN
$8.43M
| $834K | ﹤0.01% |
3,160
+327
| +12% | +$148K |
|
|
DCBO
3433
Docebo
DCBO
$566M
| $833K | ﹤0.01% |
25,173
+6,669
| +36% | +$200K |
|
|
NNDM
3434
Nano Dimension
NNDM
$343M
| $833K | ﹤0.01% |
362,300
-56,587
| -14% | -$138K |
|
|
KAIR
3435
DELISTED
Kairos Acquisition Corp. Class A Ordinary Shares
KAIR
| $833K | ﹤0.01% |
82,728
+60,305
| +269% | +$605K |
|
3436
DarioHealth
DRIO
$71.2M
| $832K | ﹤0.01% |
9,720
+168
| +2% | +$15.1K |
|
3437
Standard BioTools
LAB
$314M
| $832K | ﹤0.01% |
711,394
+3,591
| +0.5% | +$4.42K |
|
3438
Everspin Technologies
MRAM
$405M
| $832K | ﹤0.01% |
149,709
+1,983
| +1% | +$11.7K |
|
3439
RUM Group Inc
RUM
$1.76B
| $832K | ﹤0.01% |
139,878
+126,120
| +917% | +$1.21M |
|
3440
Calumet Specialty Products
CLMT
$3.44B
| $831K | ﹤0.01% |
49,250
| – | – |
|
|
YELL
3441
DELISTED
Yellow Corporation Common Stock
YELL
| $831K | ﹤0.01% |
331,451
-688
| -0.2% | -$2.45K |
|
3442
Eagle Bancorp Montana
EBMT
$190M
| $828K | ﹤0.01% |
51,256
+798
| +2% | +$14.5K |
|
3443
Urban One Class A
UONE
$23.8M
| $828K | ﹤0.01% |
18,198
+80
| +0.4% | +$4.31K |
|
|
VRNA
3444
DELISTED
Verona Pharma
VRNA
| $827K | ﹤0.01% |
31,654
-10,696
| -25% | -$142K |
|
3445
Immunocore
IMCR
$1.73B
| $825K | ﹤0.01% |
14,458
-2,006
| -12% | -$113K |
|
3446
Olema Pharmaceuticals
OLMA
$1.05B
| $825K | ﹤0.01% |
336,899
+9,364
| +3% | +$27.3K |
|
3447
Graham Corp
GHM
$1.31B
| $820K | ﹤0.01% |
85,309
+1,804
| +2% | +$16.7K |
|
3448
Immuneering
IMRX
$292M
| $820K | ﹤0.01% |
169,219
-372
| -0.2% | -$3.29K |
|
3449
Provident Financial
PROV
$112M
| $819K | ﹤0.01% |
59,549
+531
| +0.9% | +$7.52K |
|
|
MLVF
3450
DELISTED
Malvern Bancorp, Inc.
MLVF
| $819K | ﹤0.01% |
46,171
+2,816
| +6% | +$42.7K |
|
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.