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 |
Tesla
TSLA
|
+$906M |
| 2 |
Amazon
AMZN
|
+$712M |
| 3 |
Microsoft
MSFT
|
+$665M |
| 4 |
AbbVie
ABBV
|
+$538M |
| 5 |
Apple
AAPL
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$302M |
| 2 |
Chevron
CVX
|
+$290M |
| 3 |
American Tower
AMT
|
+$225M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$136M |
| 5 |
Baidu
BIDU
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.64% |
| 2 | Healthcare | 14.93% |
| 3 | Financials | 13.34% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
351
Steris
STE
$22.5B
| $346M | 0.05% |
2,083,454
+76,530
| +4% | +$15.6M |
|
352
Ingersoll Rand
IR
$33B
| $345M | 0.05% |
7,991,259
+134,842
| +2% | +$6.35M |
|
353
Expeditors International
EXPD
$21.8B
| $345M | 0.05% |
3,899,587
+311,708
| +9% | +$31.2M |
|
354
Essex Property Trust
ESS
$18.1B
| $344M | 0.05% |
1,423,335
-52,492
| -4% | -$14.2M |
|
355
Citizens Financial Group
CFG
$30.3B
| $344M | 0.05% |
10,016,507
+293,624
| +3% | +$10.9M |
|
|
DRE
356
DELISTED
Duke Realty Corp.
DRE
| $343M | 0.05% |
7,127,153
-1,291,115
| -15% | -$75.6M |
|
357
Veeva Systems
VEEV
$32.7B
| $338M | 0.05% |
2,053,101
+26,985
| +1% | +$5.39M |
|
358
Monolithic Power Systems
MPWR
$64.7B
| $336M | 0.05% |
926,761
+33,947
| +4% | +$15.1M |
|
359
Dover
DOV
$27.5B
| $331M | 0.05% |
2,843,201
+48,237
| +2% | +$6.16M |
|
360
Clorox
CLX
$11.7B
| $327M | 0.05% |
2,553,250
+41,360
| +2% | +$5.97M |
|
|
MRO
361
DELISTED
Marathon Oil Corporation
MRO
| $325M | 0.05% |
14,401,012
-312,307
| -2% | -$7.4M |
|
362
Amcor
AMCR
$20.9B
| $321M | 0.05% |
5,994,609
+156,217
| +3% | +$9.58M |
|
363
Hewlett Packard
HPE
$62.4B
| $321M | 0.05% |
26,766,577
+565,221
| +2% | +$7.68M |
|
364
Alnylam Pharmaceuticals
ALNY
$27.4B
| $320M | 0.05% |
1,599,474
+26,771
| +2% | +$5.11M |
|
365
Workday
WDAY
$39B
| $319M | 0.05% |
2,099,255
+18,947
| +0.9% | +$2.97M |
|
366
Waters Corp
WAT
$37.3B
| $316M | 0.05% |
1,175,169
+17,941
| +2% | +$5.73M |
|
367
Ball Corp
BALL
$17.4B
| $315M | 0.05% |
6,522,377
-829
| -0% | -$51K |
|
368
Align Technology
ALGN
$12.4B
| $313M | 0.05% |
1,512,232
+28,320
| +2% | +$7.29M |
|
369
KKR & Co
KKR
$90.7B
| $311M | 0.05% |
7,241,757
-198,904
| -3% | -$10.1M |
|
370
Darden Restaurants
DRI
$23.7B
| $311M | 0.05% |
2,461,633
+18,402
| +0.8% | +$2.3M |
|
371
Xylem
XYL
$27.3B
| $310M | 0.05% |
3,555,559
+80,866
| +2% | +$7.35M |
|
372
Teledyne Technologies
TDY
$30.1B
| $310M | 0.05% |
919,391
+21,065
| +2% | +$8.04M |
|
373
KeyCorp
KEY
$24.2B
| $310M | 0.05% |
19,349,849
+412,749
| +2% | +$7.39M |
|
374
Conagra Brands
CAG
$7.19B
| $308M | 0.05% |
9,464,801
+210,463
| +2% | +$7.23M |
|
375
EQT Corp
EQT
$33B
| $306M | 0.05% |
7,516,492
+3,336,503
| +80% | +$145M |
|
Similar funds
Geode Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Geode Capital Management held 5,120 positions worth $659B, down 3.4% from $683B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Geode Capital Management opened 106 new positions and exited 90, leaving the 5,120-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2022 buy was Endeavor Group Holdings, Inc.: 1,449,828 shares worth $29.4M.
- Geode Capital Management added most to Tesla in Q3 2022, an estimated $906M increase.
- Geode Capital Management's biggest Q3 2022 reduction was Home Depot, cutting an estimated $302M.
- Geode Capital Management fully exited American Campus Communities, Inc. in Q3 2022, selling an estimated $136M.
- Geode Capital Management's ten largest holdings make up 23% of its $659B portfolio in Q3 2022.
- Geode Capital Management opened 106 new positions and closed 90 in Q3 2022.
- Geode Capital Management's portfolio value fell 3.4% quarter-over-quarter to $659B.
Based on Geode Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.