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 | |
|---|---|---|---|---|---|---|
601
Agree Realty
ADC
$9.41B
| $133M | 0.02% |
1,881,455
+225,157
| +14% | +$15.5M |
|
602
TC Energy
TRP
$65.9B
| $133M | 0.02% |
3,325,234
+74,077
| +2% | +$3.21M |
|
603
WillScot Mobile Mini Holdings
WSC
$4.41B
| $133M | 0.02% |
2,938,945
+21,680
| +0.7% | +$973K |
|
604
Paylocity
PCTY
$7.98B
| $132M | 0.02% |
682,676
+24,663
| +4% | +$5.3M |
|
605
Williams-Sonoma
WSM
$29.6B
| $132M | 0.02% |
2,292,110
-42,634
| -2% | -$2.56M |
|
606
DXC Technology
DXC
$1.73B
| $132M | 0.02% |
4,977,277
+107,357
| +2% | +$2.99M |
|
|
STOR
607
DELISTED
STORE Capital Corporation
STOR
| $131M | 0.02% |
4,082,272
+128,028
| +3% | +$4.06M |
|
608
Crown Holdings
CCK
$13.1B
| $130M | 0.02% |
1,587,507
+66,986
| +4% | +$5.34M |
|
609
Liberty Broadband Class C
LBRDK
$5.15B
| $130M | 0.02% |
1,703,619
-25,036
| -1% | -$2.04M |
|
610
Vail Resorts
MTN
$5.3B
| $130M | 0.02% |
544,149
+30,114
| +6% | +$7.07M |
|
611
Check Point Software Technologies
CHKP
$13.1B
| $129M | 0.02% |
1,027,978
-17,999
| -2% | -$2.25M |
|
612
Nutrien
NTR
$30.7B
| $129M | 0.02% |
1,756,507
-52,188
| -3% | -$4.12M |
|
613
Reinsurance Group of America
RGA
$16.1B
| $129M | 0.02% |
908,145
+41,699
| +5% | +$5.82M |
|
614
NNN REIT
NNN
$8.99B
| $129M | 0.02% |
2,815,533
+128,691
| +5% | +$5.6M |
|
615
Generac Holdings
GNRC
$12.5B
| $129M | 0.02% |
1,281,852
+24,865
| +2% | +$2.81M |
|
616
Repligen
RGEN
$9.25B
| $128M | 0.02% |
759,766
+45,568
| +6% | +$8.27M |
|
617
Shopify
SHOP
$195B
| $128M | 0.02% |
3,715,190
+111,778
| +3% | +$3.82M |
|
618
Chemed
CHE
$7.22B
| $128M | 0.02% |
250,173
+4,915
| +2% | +$2.39M |
|
619
Inspire Medical Systems
INSP
$1.74B
| $128M | 0.02% |
506,357
+26,593
| +6% | +$5.67M |
|
620
First Citizens BancShares
FCNCA
$25.3B
| $127M | 0.02% |
168,287
-8,069
| -5% | -$6.5M |
|
621
Tetra Tech
TTEK
$9.07B
| $126M | 0.02% |
4,355,950
+50,965
| +1% | +$1.47M |
|
622
Jabil
JBL
$35.8B
| $125M | 0.02% |
1,837,156
+24,256
| +1% | +$1.6M |
|
623
Vistra
VST
$47.4B
| $125M | 0.02% |
5,380,483
-122,362
| -2% | -$2.83M |
|
624
AGCO
AGCO
$7.2B
| $125M | 0.02% |
898,481
+43,186
| +5% | +$5.33M |
|
625
Genpact
G
$5.81B
| $125M | 0.02% |
2,688,082
+55,827
| +2% | +$2.54M |
|
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.