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 | |
|---|---|---|---|---|---|---|
476
Canadian Pacific Kansas City
CP
$80.5B
| $221M | 0.03% |
2,958,640
-10,531
| -0.4% | -$792K |
|
477
Boston Properties
BXP
$11.1B
| $219M | 0.03% |
3,243,819
+55,133
| +2% | +$3.91M |
|
478
Royal Caribbean
RCL
$85.6B
| $218M | 0.03% |
4,416,029
+97,232
| +2% | +$5.1M |
|
479
Pinduoduo
PDD
$131B
| $216M | 0.03% |
2,665,060
+34,162
| +1% | +$2.38M |
|
480
Zoom
ZM
$30.6B
| $215M | 0.03% |
3,178,064
+87,431
| +3% | +$6.64M |
|
481
MGM Resorts International
MGM
$11.2B
| $215M | 0.03% |
6,423,745
-13,111
| -0.2% | -$454K |
|
482
Western Digital
WDC
$150B
| $215M | 0.03% |
9,015,905
+216,055
| +2% | +$5.7M |
|
483
Celanese
CE
$4.82B
| $214M | 0.03% |
2,096,859
+9,403
| +0.5% | +$933K |
|
484
Pinnacle West Capital
PNW
$12.2B
| $210M | 0.03% |
2,758,370
+97,897
| +4% | +$7M |
|
485
Universal Health Services
UHS
$10.5B
| $207M | 0.03% |
1,474,697
-32,617
| -2% | -$3.85M |
|
486
Canadian Natural Resources
CNQ
$94.9B
| $207M | 0.03% |
7,335,928
-247,278
| -3% | -$7.07M |
|
487
Robert Half
RHI
$4.37B
| $206M | 0.03% |
2,780,115
+12,215
| +0.4% | +$932K |
|
488
Booz Allen Hamilton
BAH
$9.15B
| $206M | 0.03% |
1,968,943
+91,780
| +5% | +$9.54M |
|
489
Fox Class A
FOXA
$26.9B
| $204M | 0.03% |
6,744,784
-90,486
| -1% | -$2.76M |
|
490
Live Nation Entertainment
LYV
$42.1B
| $204M | 0.03% |
2,937,278
+91,358
| +3% | +$6.77M |
|
491
Rollins
ROL
$18.2B
| $203M | 0.03% |
5,554,291
+75,797
| +1% | +$2.94M |
|
492
Huntington Ingalls Industries
HII
$12.8B
| $201M | 0.03% |
872,801
+71,685
| +9% | +$16.9M |
|
493
Hubbell
HUBB
$27.2B
| $200M | 0.03% |
852,849
+24,273
| +3% | +$5.82M |
|
|
DAY
494
DELISTED
Dayforce
DAY
| $199M | 0.03% |
3,105,150
+131,408
| +4% | +$8.26M |
|
495
Eastman Chemical
EMN
$8.42B
| $199M | 0.03% |
2,445,578
-34,866
| -1% | -$2.81M |
|
496
BorgWarner
BWA
$13.9B
| $198M | 0.03% |
5,602,277
+62,214
| +1% | +$2.12M |
|
497
Atlassian
TEAM
$37.8B
| $198M | 0.03% |
1,539,256
+1,303,576
| +553% | +$208M |
|
498
Bank of Montreal
BMO
$127B
| $197M | 0.03% |
2,165,524
-12,199
| -0.6% | -$1.13M |
|
499
Molson Coors Class B
TAP
$8.1B
| $196M | 0.03% |
3,820,518
+12,889
| +0.3% | +$661K |
|
500
First Horizon
FHN
$12.1B
| $195M | 0.03% |
7,972,448
+430,129
| +6% | +$10.4M |
|
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.