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 | |
|---|---|---|---|---|---|---|
526
Seagate
STX
$184B
| $178M | 0.03% |
3,388,534
-80,550
| -2% | -$4.28M |
|
527
Avantor
AVTR
$9.19B
| $178M | 0.02% |
8,431,125
+311,925
| +4% | +$6.46M |
|
528
Liberty Media Series C
FWONK
$25.8B
| $177M | 0.02% |
3,071,983
+60,279
| +2% | +$3.45M |
|
529
American Airlines Group
AAL
$10.6B
| $176M | 0.02% |
13,865,918
+469,371
| +4% | +$6.36M |
|
530
Burlington
BURL
$23.2B
| $173M | 0.02% |
852,539
+23,420
| +3% | +$3.74M |
|
531
RPM International
RPM
$15B
| $172M | 0.02% |
1,771,240
+85,812
| +5% | +$8.32M |
|
532
Ovintiv
OVV
$16.4B
| $171M | 0.02% |
3,377,549
+69,047
| +2% | +$3.61M |
|
533
Toro Company
TTC
$9.49B
| $171M | 0.02% |
1,510,893
-118,023
| -7% | -$12.5M |
|
534
Yum China
YUMC
$16.3B
| $171M | 0.02% |
3,134,989
+190,299
| +6% | +$9.67M |
|
535
Federal Realty Investment Trust
FRT
$10.3B
| $169M | 0.02% |
1,676,596
+58,619
| +4% | +$5.94M |
|
536
A.O. Smith
AOS
$8.7B
| $167M | 0.02% |
2,929,509
+15,035
| +0.5% | +$841K |
|
537
Carlisle Companies
CSL
$15.4B
| $167M | 0.02% |
708,360
+32,070
| +5% | +$8.25M |
|
538
Hasbro
HAS
$13.2B
| $167M | 0.02% |
2,735,713
+56,527
| +2% | +$3.53M |
|
539
Neurocrine Biosciences
NBIX
$16.6B
| $166M | 0.02% |
1,388,695
+71,001
| +5% | +$8.32M |
|
540
Invesco
IVZ
$13.9B
| $165M | 0.02% |
9,204,556
+319,016
| +4% | +$5.46M |
|
541
Cloudflare
NET
$107B
| $165M | 0.02% |
3,651,079
+138,130
| +4% | +$6.83M |
|
542
Franklin Resources
BEN
$17.2B
| $164M | 0.02% |
6,226,266
+64,426
| +1% | +$1.6M |
|
|
EXE
543
Expand Energy Corp
EXE
$21.5B
| $164M | 0.02% |
1,737,697
+142,055
| +9% | +$14.1M |
|
544
Organon & Co
OGN
$3.57B
| $163M | 0.02% |
5,851,659
+38,114
| +0.7% | +$975K |
|
|
CTLT
545
DELISTED
CATALENT, INC.
CTLT
| $163M | 0.02% |
3,628,169
+121,525
| +3% | +$6.61M |
|
546
DoorDash
DASH
$93.7B
| $162M | 0.02% |
3,330,443
+172,301
| +5% | +$8.95M |
|
547
NRG Energy
NRG
$24.8B
| $162M | 0.02% |
5,077,461
+14,615
| +0.3% | +$578K |
|
548
Carnival Corporation Ltd
CCL
$39.7B
| $161M | 0.02% |
20,034,307
+841,671
| +4% | +$7.25M |
|
549
SS&C Technologies
SSNC
$18.6B
| $161M | 0.02% |
3,095,427
-2,364
| -0.1% | -$120K |
|
|
AXON
550
Axon Enterprise
AXON
$46.4B
| $160M | 0.02% |
965,241
+45,774
| +5% | +$7.24M |
|
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.