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 | |
|---|---|---|---|---|---|---|
626
AptarGroup
ATR
$8.61B
| $124M | 0.02% |
1,124,904
+20,787
| +2% | +$2.13M |
|
627
Medpace
MEDP
$16.5B
| $124M | 0.02% |
585,815
+51,462
| +10% | +$10.3M |
|
|
EXAS
628
DELISTED
Exact Sciences
EXAS
| $124M | 0.02% |
2,499,174
+126,538
| +5% | +$5.17M |
|
629
Crocs
CROX
$6.55B
| $123M | 0.02% |
1,138,590
+29,481
| +3% | +$2.61M |
|
630
Mohawk Industries
MHK
$9.22B
| $123M | 0.02% |
1,208,544
+3,527
| +0.3% | +$346K |
|
631
Iridium Communications
IRDM
$5.29B
| $122M | 0.02% |
2,369,112
+54,970
| +2% | +$2.76M |
|
632
Performance Food Group
PFGC
$18B
| $122M | 0.02% |
2,085,486
+103,438
| +5% | +$5.64M |
|
633
RLI Corp
RLI
$5.89B
| $121M | 0.02% |
1,848,942
+392,246
| +27% | +$24.4M |
|
634
Jones Lang LaSalle
JLL
$16.7B
| $121M | 0.02% |
759,447
+11,400
| +2% | +$1.82M |
|
635
Commerce Bancshares
CBSH
$8.5B
| $121M | 0.02% |
2,055,773
+90,032
| +5% | +$5.25M |
|
636
BJs Wholesale Club
BJ
$12.3B
| $121M | 0.02% |
1,826,722
+103,134
| +6% | +$7.47M |
|
637
Nexstar Media Group
NXST
$5.92B
| $120M | 0.02% |
680,425
+4,613
| +0.7% | +$810K |
|
638
Casey's General Stores
CASY
$30.9B
| $120M | 0.02% |
534,181
+24,832
| +5% | +$5.66M |
|
639
Murphy USA
MUSA
$9.61B
| $119M | 0.02% |
425,208
-8,482
| -2% | -$2.46M |
|
640
STAG Industrial
STAG
$7.19B
| $119M | 0.02% |
3,674,139
+102,994
| +3% | +$3.23M |
|
641
Antero Resources
AR
$10.7B
| $119M | 0.02% |
3,827,186
+252,441
| +7% | +$8.72M |
|
642
Erie Indemnity
ERIE
$13.2B
| $118M | 0.02% |
474,200
-42,059
| -8% | -$10.8M |
|
643
Omega Healthcare
OHI
$14.7B
| $118M | 0.02% |
4,226,475
+160,524
| +4% | +$4.84M |
|
644
Cleveland-Cliffs
CLF
$6.99B
| $118M | 0.02% |
7,325,630
+211,682
| +3% | +$3.19M |
|
645
Canadian Imperial Bank of Commerce
CM
$108B
| $118M | 0.02% |
2,890,718
-10,353
| -0.4% | -$457K |
|
646
Knight Transportation
KNX
$11.4B
| $117M | 0.02% |
2,240,902
+52,674
| +2% | +$2.72M |
|
647
Sea Limited
SE
$69.5B
| $117M | 0.02% |
2,278,602
-27,887
| -1% | -$1.5M |
|
648
Owens Corning
OC
$12.4B
| $117M | 0.02% |
1,368,181
+1,538
| +0.1% | +$135K |
|
649
Americold
COLD
$4.27B
| $117M | 0.02% |
4,134,771
+154,320
| +4% | +$4.15M |
|
650
Matador Resources
MTDR
$6.09B
| $117M | 0.02% |
2,039,537
+42,766
| +2% | +$2.7M |
|
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.