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 | |
|---|---|---|---|---|---|---|
451
Packaging Corp of America
PKG
$22.8B
| $257M | 0.04% |
2,010,961
+48,337
| +2% | +$6.06M |
|
452
Henry Schein
HSIC
$9.82B
| $256M | 0.04% |
3,209,794
+18,816
| +0.6% | +$1.42M |
|
|
VMW
453
DELISTED
VMware, Inc
VMW
| $254M | 0.04% |
2,071,246
+13,278
| +0.6% | +$1.53M |
|
|
SGEN
454
DELISTED
Seagen Inc. Common Stock
SGEN
| $246M | 0.03% |
1,917,273
+56,176
| +3% | +$7.25M |
|
455
Campbell Soup
CPB
$6.87B
| $245M | 0.03% |
4,325,934
+84,688
| +2% | +$4.44M |
|
456
Pultegroup
PHM
$25.3B
| $245M | 0.03% |
5,378,127
-83,409
| -2% | -$3.51M |
|
457
Gaming and Leisure Properties
GLPI
$12.8B
| $242M | 0.03% |
4,605,389
+195,136
| +4% | +$9.74M |
|
458
Match Group
MTCH
$8.55B
| $242M | 0.03% |
5,838,132
+71,378
| +1% | +$3.23M |
|
459
C.H. Robinson
CHRW
$17.5B
| $240M | 0.03% |
2,630,826
-99,961
| -4% | -$9.52M |
|
460
Teleflex
TFX
$5.98B
| $236M | 0.03% |
948,646
+20,462
| +2% | +$4.51M |
|
|
JNPR
461
DELISTED
Juniper Networks
JNPR
| $236M | 0.03% |
7,392,542
+106,609
| +1% | +$3.23M |
|
462
Texas Pacific Land
TPL
$23.5B
| $235M | 0.03% |
897,444
+164,088
| +22% | +$43.5M |
|
463
Ferguson
FERG
$49.8B
| $235M | 0.03% |
+1,854,192
| New | +$216M |
|
464
MarketAxess Holdings
MKTX
$5.72B
| $235M | 0.03% |
843,553
-48,860
| -5% | -$12.6M |
|
465
Masco
MAS
$15.3B
| $234M | 0.03% |
5,027,012
+68,957
| +1% | +$3.32M |
|
466
Loews
L
$23.6B
| $234M | 0.03% |
4,013,258
-4,241
| -0.1% | -$236K |
|
467
Fair Isaac
FICO
$22.5B
| $232M | 0.03% |
387,678
+13,919
| +4% | +$7.32M |
|
468
NiSource
NI
$20.4B
| $231M | 0.03% |
8,447,623
+166,255
| +2% | +$4.37M |
|
469
Regency Centers
REG
$14.1B
| $231M | 0.03% |
3,700,945
+112,758
| +3% | +$6.93M |
|
470
Royalty Pharma
RPRX
$25.2B
| $230M | 0.03% |
5,826,794
+555,060
| +11% | +$23.2M |
|
471
Globe Life
GL
$14.3B
| $229M | 0.03% |
1,905,424
+102,296
| +6% | +$11.7M |
|
472
Markel Group
MKL
$23.2B
| $229M | 0.03% |
173,921
+2,940
| +2% | +$3.64M |
|
473
Canadian National Railway
CNI
$76.6B
| $226M | 0.03% |
1,899,094
-3,328
| -0.2% | -$398K |
|
474
Charles River Laboratories
CRL
$12.8B
| $226M | 0.03% |
1,037,397
+42,486
| +4% | +$9.28M |
|
475
Stanley Black & Decker
SWK
$15.7B
| $223M | 0.03% |
2,974,126
+67,816
| +2% | +$5.29M |
|
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.