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 | |
|---|---|---|---|---|---|---|
326
Church & Dwight Co
CHD
$24.4B
| $416M | 0.06% |
5,174,231
+117,496
| +2% | +$9.02M |
|
327
Snowflake
SNOW
$110B
| $413M | 0.06% |
2,883,538
+133,971
| +5% | +$20.4M |
|
328
Cardinal Health
CAH
$55.9B
| $412M | 0.06% |
5,368,738
-78,301
| -1% | -$5.95M |
|
329
Waters Corp
WAT
$38.9B
| $409M | 0.06% |
1,196,875
+21,706
| +2% | +$6.87M |
|
330
Steel Dynamics
STLD
$37.5B
| $408M | 0.06% |
4,182,335
+994,643
| +31% | +$95.7M |
|
331
Mid-America Apartment Communities
MAA
$15.5B
| $403M | 0.06% |
2,574,253
+39,290
| +2% | +$6.12M |
|
332
Ventas
VTR
$47.1B
| $403M | 0.06% |
8,955,905
+156,421
| +2% | +$6.6M |
|
333
Xylem
XYL
$28.1B
| $402M | 0.06% |
3,643,077
+87,518
| +2% | +$9.17M |
|
334
Expeditors International
EXPD
$23.1B
| $402M | 0.06% |
3,866,050
-33,537
| -0.9% | -$3.46M |
|
335
Alnylam Pharmaceuticals
ALNY
$28.9B
| $401M | 0.06% |
1,689,929
+90,455
| +6% | +$19.3M |
|
|
MRO
336
DELISTED
Marathon Oil Corporation
MRO
| $401M | 0.06% |
14,822,250
+421,238
| +3% | +$12.2M |
|
337
Southwest Airlines
LUV
$23B
| $400M | 0.06% |
11,892,153
+285,836
| +2% | +$10.3M |
|
338
Citizens Financial Group
CFG
$30.5B
| $396M | 0.06% |
10,074,256
+57,749
| +0.6% | +$2.25M |
|
|
K
339
DELISTED
Kellanova
K
| $391M | 0.05% |
5,857,900
+93,319
| +2% | +$6.33M |
|
340
Steris
STE
$22.5B
| $390M | 0.05% |
2,115,820
+32,366
| +2% | +$5.69M |
|
341
CMS Energy
CMS
$22.3B
| $390M | 0.05% |
6,161,072
+101,278
| +2% | +$5.99M |
|
342
Invitation Homes
INVH
$18B
| $389M | 0.05% |
13,139,916
+241,210
| +2% | +$7.65M |
|
343
Molina Healthcare
MOH
$9.97B
| $387M | 0.05% |
1,174,391
+30,608
| +3% | +$10.4M |
|
344
CF Industries
CF
$17.8B
| $387M | 0.05% |
4,544,421
-127,475
| -3% | -$12.9M |
|
345
AES
AES
$10.5B
| $387M | 0.05% |
13,470,163
+314,301
| +2% | +$8.47M |
|
346
Northern Trust
NTRS
$33.5B
| $386M | 0.05% |
4,365,611
+95,828
| +2% | +$8.39M |
|
347
Toronto Dominion Bank
TD
$200B
| $385M | 0.05% |
5,903,055
-28,700
| -0.5% | -$1.85M |
|
348
Dover
DOV
$28.3B
| $384M | 0.05% |
2,841,384
-1,817
| -0.1% | -$241K |
|
349
CenterPoint Energy
CNP
$26.8B
| $383M | 0.05% |
12,775,193
+126,534
| +1% | +$3.68M |
|
350
Teledyne Technologies
TDY
$31.8B
| $376M | 0.05% |
940,751
+21,360
| +2% | +$8.32M |
|
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.