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 | |
|---|---|---|---|---|---|---|
576
Halozyme
HALO
$12.2B
| $143M | 0.02% |
2,515,097
+38,233
| +2% | +$1.96M |
|
577
Manhattan Associates
MANH
$11.4B
| $143M | 0.02% |
1,175,375
+16,222
| +1% | +$1.99M |
|
578
Fidelity National Financial
FNF
$13.5B
| $143M | 0.02% |
3,802,001
-798,746
| -17% | -$30M |
|
579
Deckers Outdoor
DECK
$13.3B
| $142M | 0.02% |
2,130,942
+110,472
| +5% | +$6.68M |
|
580
Okta
OKTA
$25.8B
| $142M | 0.02% |
2,076,209
+70,240
| +4% | +$4.01M |
|
581
Dell
DELL
$293B
| $141M | 0.02% |
3,511,319
-48,995
| -1% | -$1.94M |
|
582
Emcor
EME
$36B
| $141M | 0.02% |
952,412
-24,945
| -3% | -$3.54M |
|
|
LSI
583
DELISTED
Life Storage, Inc.
LSI
| $140M | 0.02% |
1,425,939
+146,156
| +11% | +$15.3M |
|
584
TransUnion
TRU
$15.3B
| $140M | 0.02% |
2,477,051
+76,697
| +3% | +$4.49M |
|
585
BILL Holdings
BILL
$4.78B
| $140M | 0.02% |
1,287,394
+78,505
| +6% | +$9.42M |
|
|
BKI
586
DELISTED
Black Knight, Inc. Common Stock
BKI
| $140M | 0.02% |
2,268,980
+108,697
| +5% | +$6.61M |
|
587
Watsco Inc
WSO
$13.6B
| $139M | 0.02% |
559,282
+12,236
| +2% | +$3.22M |
|
588
Aramark
ARMK
$14.7B
| $139M | 0.02% |
4,658,550
+217,158
| +5% | +$5.99M |
|
589
Five Below
FIVE
$13.5B
| $138M | 0.02% |
782,795
+40,002
| +5% | +$6.29M |
|
|
SWAV
590
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
| $138M | 0.02% |
671,226
+24,417
| +4% | +$6.17M |
|
591
Ares Management
ARES
$30.9B
| $137M | 0.02% |
2,008,038
+83,874
| +4% | +$6.05M |
|
592
Builders FirstSource
BLDR
$8.04B
| $137M | 0.02% |
2,103,277
-71,887
| -3% | -$4.49M |
|
593
Darling Ingredients
DAR
$9.44B
| $137M | 0.02% |
2,189,383
+120,594
| +6% | +$8.5M |
|
594
Entegris
ENTG
$23.2B
| $137M | 0.02% |
2,087,596
+122,201
| +6% | +$9M |
|
595
Roblox
RBLX
$27B
| $137M | 0.02% |
4,804,136
+236,835
| +5% | +$8.32M |
|
596
Equitable Holdings
EQH
$14.1B
| $136M | 0.02% |
4,750,226
-739,704
| -13% | -$21.9M |
|
597
East-West Bancorp
EWBC
$18B
| $136M | 0.02% |
2,060,583
+96,576
| +5% | +$6.61M |
|
598
Lincoln Electric
LECO
$15.4B
| $136M | 0.02% |
938,671
+17,846
| +2% | +$2.5M |
|
599
Lamar Advertising Co
LAMR
$16.3B
| $135M | 0.02% |
1,428,401
+58,372
| +4% | +$5.4M |
|
600
Zscaler
ZS
$27.3B
| $134M | 0.02% |
1,199,061
+51,629
| +4% | +$7.01M |
|
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.