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 | |
|---|---|---|---|---|---|---|
|
CMA
501
DELISTED
Comerica
CMA
| $185M | 0.03% |
2,606,559
+61,335
| +2% | +$4.83M |
|
502
Hubbell
HUBB
$25B
| $185M | 0.03% |
828,576
+120,389
| +17% | +$25.3M |
|
503
Seagate
STX
$193B
| $185M | 0.03% |
3,469,084
+81,338
| +2% | +$5.88M |
|
504
Molson Coors Class B
TAP
$7.79B
| $183M | 0.03% |
3,807,629
+101,737
| +3% | +$5.52M |
|
505
Hasbro
HAS
$13.4B
| $180M | 0.03% |
2,679,186
+42,315
| +2% | +$3.34M |
|
|
SWAV
506
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $180M | 0.03% |
646,809
+12,317
| +2% | +$3.13M |
|
507
Globe Life
GL
$14.2B
| $180M | 0.03% |
1,803,128
+32,303
| +2% | +$3.24M |
|
508
Canadian Natural Resources
CNQ
$98.6B
| $179M | 0.03% |
7,583,206
+323,259
| +4% | +$8.37M |
|
509
F5
FFIV
$22.1B
| $179M | 0.03% |
1,237,160
+5,019
| +0.4% | +$795K |
|
510
Targa Resources
TRGP
$57.6B
| $179M | 0.03% |
2,961,719
+47,532
| +2% | +$3.12M |
|
511
Bio-Rad Laboratories Class A
BIO
$8.74B
| $178M | 0.03% |
427,165
-12,347
| -3% | -$6.16M |
|
512
Palantir
PLTR
$293B
| $178M | 0.03% |
21,854,152
+1,102,487
| +5% | +$9.8M |
|
513
Allegion
ALLE
$13.4B
| $177M | 0.03% |
1,979,051
+52,527
| +3% | +$5.2M |
|
514
Huntington Ingalls Industries
HII
$12.6B
| $177M | 0.03% |
801,116
+25,149
| +3% | +$5.64M |
|
515
MongoDB
MDB
$26.2B
| $177M | 0.03% |
892,007
+20,310
| +2% | +$5.93M |
|
516
Equity Lifestyle Properties
ELS
$12.7B
| $177M | 0.03% |
2,816,889
-28,964
| -1% | -$2.08M |
|
517
Eastman Chemical
EMN
$8.01B
| $176M | 0.03% |
2,480,444
-65,665
| -3% | -$5.9M |
|
518
Booz Allen Hamilton
BAH
$8.22B
| $173M | 0.03% |
1,877,163
+25,874
| +1% | +$2.45M |
|
519
First Horizon
FHN
$12.1B
| $173M | 0.03% |
7,542,319
+182,214
| +2% | +$4.14M |
|
520
Qorvo
QRVO
$8.01B
| $172M | 0.03% |
2,164,480
-95,469
| -4% | -$9.23M |
|
521
Pinnacle West Capital
PNW
$12.3B
| $172M | 0.03% |
2,660,473
+63,898
| +2% | +$4.71M |
|
522
Bath & Body Works
BBWI
$4.02B
| $171M | 0.03% |
5,237,195
+450,145
| +9% | +$15.9M |
|
523
Pinterest
PINS
$13.7B
| $170M | 0.03% |
7,312,519
+165,605
| +2% | +$3.63M |
|
524
Liberty Media Series C
FWONK
$25.1B
| $170M | 0.03% |
3,011,704
+49,655
| +2% | +$3.07M |
|
525
Assurant
AIZ
$14B
| $169M | 0.03% |
1,161,598
-1,468
| -0.1% | -$240K |
|
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.