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 | |
|---|---|---|---|---|---|---|
|
HMNF
3451
DELISTED
HMN Financial Inc
HMNF
| $817K | ﹤0.01% |
38,368
-78
| -0.2% | -$1.75K |
|
|
AE
3452
DELISTED
Adams Resources & Energy Inc
AE
| $815K | ﹤0.01% |
20,959
-123
| -0.6% | -$4.47K |
|
|
UBFO
3453
DELISTED
United Security Bancshares
UBFO
| $814K | ﹤0.01% |
111,487
+338
| +0.3% | +$2.35K |
|
3454
loanDepot
LDI
$516M
| $808K | ﹤0.01% |
489,807
+117,680
| +32% | +$180K |
|
|
THRN
3455
DELISTED
Thorne Healthtech, Inc. Common Stock
THRN
| $807K | ﹤0.01% |
222,379
+10,253
| +5% | +$45.5K |
|
|
CODX
3456
Co-Diagnostics
CODX
$5.6M
| $805K | ﹤0.01% |
10,650
+496
| +5% | +$46.4K |
|
|
LENZ
3457
LENZ Therapeutics
LENZ
$168M
| $805K | ﹤0.01% |
34,648
+3,238
| +10% | +$75.1K |
|
|
MGIC
3458
DELISTED
Magic Software Enterprises
MGIC
| $803K | ﹤0.01% |
50,707
+330
| +0.7% | +$5.25K |
|
|
VLTA
3459
DELISTED
Volta Inc.
VLTA
| $800K | ﹤0.01% |
2,251,033
+40,407
| +2% | +$30.7K |
|
|
VNET
3460
VNET Group
VNET
$2.09B
| $799K | ﹤0.01% |
141,081
+1,569
| +1% | +$8.08K |
|
3461
American Resources Corp
AREC
$293M
| $798K | ﹤0.01% |
605,048
-806
| -0.1% | -$1.47K |
|
3462
Stratasys
SSYS
$774M
| $798K | ﹤0.01% |
67,311
+177
| +0.3% | +$2.36K |
|
3463
TransAlta
TAC
$3.93B
| $798K | ﹤0.01% |
89,253
| – | – |
|
|
RAIN
3464
DELISTED
Rain Oncology Inc. Common Stock
RAIN
| $798K | ﹤0.01% |
99,860
+25,412
| +34% | +$160K |
|
|
LMST
3465
DELISTED
Limestone Bancorp, Inc. Common Stock
LMST
| $797K | ﹤0.01% |
32,651
+5,682
| +21% | +$136K |
|
3466
Momentus
MNTS
$92.7M
| $796K | ﹤0.01% |
82
+2
| +3% | +$28.8K |
|
3467
Shattuck Labs
STTK
$694M
| $796K | ﹤0.01% |
346,185
+15,505
| +5% | +$38.8K |
|
3468
Amtech Systems
ASYS
$272M
| $794K | ﹤0.01% |
104,495
+161
| +0.2% | +$1.46K |
|
|
PRDS
3469
DELISTED
Pardes Biosciences, Inc. Common Stock
PRDS
| $792K | ﹤0.01% |
468,816
-439
| -0.1% | -$556 |
|
|
SUP
3470
DELISTED
Superior Industries International
SUP
| $791K | ﹤0.01% |
187,595
-2,192
| -1% | -$9.3K |
|
3471
OR Royalties Inc
OR
$6.2B
| $785K | ﹤0.01% |
65,154
+1,224
| +2% | +$14.2K |
|
3472
First Capital
FCAP
$214M
| $783K | ﹤0.01% |
31,449
+88
| +0.3% | +$2.16K |
|
3473
Urban One Class D
UONEK
$23.8M
| $783K | ﹤0.01% |
20,843
+35
| +0.2% | +$1.55K |
|
3474
Smith-Midland
SMID
$152M
| $782K | ﹤0.01% |
38,171
+1,069
| +3% | +$23.3K |
|
|
AVAC
3475
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
| $782K | ﹤0.01% |
76,359
-509
| -0.7% | -$5.14K |
|
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.