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 | |
|---|---|---|---|---|---|---|
401
Evergy
EVRG
$19.4B
| $279M | 0.04% |
4,697,065
+84,019
| +2% | +$5.65M |
|
402
Camden Property Trust
CPT
$11.5B
| $278M | 0.04% |
2,332,590
+3,124
| +0.1% | +$417K |
|
403
Akamai
AKAM
$15.6B
| $278M | 0.04% |
3,459,668
+28,129
| +0.8% | +$2.56M |
|
404
Trimble
TRMB
$13.6B
| $277M | 0.04% |
5,100,901
+71,797
| +1% | +$4.54M |
|
405
Snap-on
SNA
$21.5B
| $276M | 0.04% |
1,372,218
+47,950
| +4% | +$10.3M |
|
406
Hormel Foods
HRL
$14.2B
| $276M | 0.04% |
6,074,290
+136,739
| +2% | +$6.6M |
|
407
Match Group
MTCH
$9.19B
| $275M | 0.04% |
5,766,754
+109,027
| +2% | +$6.85M |
|
408
Healthpeak Properties
DOC
$15.5B
| $272M | 0.04% |
11,900,570
+84,545
| +0.7% | +$2.23M |
|
409
Brown-Forman Class B
BF.B
$13.5B
| $272M | 0.04% |
4,098,487
+114,235
| +3% | +$8.31M |
|
410
Jacobs Solutions
J
$16B
| $272M | 0.04% |
3,036,831
+50,946
| +2% | +$5.28M |
|
411
Pool Corp
POOL
$7.05B
| $272M | 0.04% |
854,407
-75
| -0% | -$26.8K |
|
412
JB Hunt Transport Services
JBHT
$25.9B
| $271M | 0.04% |
1,737,473
+12,492
| +0.7% | +$2.18M |
|
413
NVR
NVR
$17.1B
| $267M | 0.04% |
67,019
+1,397
| +2% | +$5.95M |
|
414
Best Buy
BBY
$19B
| $266M | 0.04% |
4,205,902
+57,658
| +1% | +$4.27M |
|
415
FMC
FMC
$1.25B
| $265M | 0.04% |
2,513,787
+53,886
| +2% | +$5.82M |
|
|
GRMN
416
Garmin
GRMN
$56.9B
| $265M | 0.04% |
3,301,159
+246,295
| +8% | +$23.3M |
|
417
C.H. Robinson
CHRW
$20.5B
| $263M | 0.04% |
2,730,787
-34,876
| -1% | -$3.75M |
|
418
Cboe Global Markets
CBOE
$32.2B
| $262M | 0.04% |
2,234,834
+35,696
| +2% | +$4.3M |
|
419
Avery Dennison
AVY
$12.8B
| $262M | 0.04% |
1,609,183
+29,436
| +2% | +$5.34M |
|
420
Host Hotels & Resorts
HST
$17.5B
| $260M | 0.04% |
16,366,351
+111,279
| +0.7% | +$1.94M |
|
421
Corpay
CPAY
$25.7B
| $257M | 0.04% |
1,458,870
-6,680
| -0.5% | -$1.43M |
|
422
Enbridge
ENB
$120B
| $257M | 0.04% |
6,823,215
+482,556
| +8% | +$20.4M |
|
423
Etsy
ETSY
$8.12B
| $257M | 0.04% |
2,565,718
+60,929
| +2% | +$6.22M |
|
424
APA Corp
APA
$13B
| $255M | 0.04% |
7,421,207
-23,039
| -0.3% | -$824K |
|
425
Cooper Companies
COO
$14.2B
| $255M | 0.04% |
3,863,684
+84,400
| +2% | +$6.47M |
|
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.