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 | |
|---|---|---|---|---|---|---|
676
Penumbra
PEN
$12.8B
| $111M | 0.02% |
499,337
+27,645
| +6% | +$5.4M |
|
677
Twilio
TWLO
$36.6B
| $110M | 0.02% |
2,258,345
+87,844
| +4% | +$5M |
|
678
Unum
UNM
$14.3B
| $110M | 0.02% |
2,686,124
+46,455
| +2% | +$1.95M |
|
679
SouthState Bank Corp
SSB
$10.5B
| $110M | 0.02% |
1,442,698
+53,334
| +4% | +$4.48M |
|
680
Regal Rexnord
RRX
$11.9B
| $110M | 0.02% |
916,956
+54,548
| +6% | +$7.15M |
|
681
HEICO Corp Class A
HEI.A
$37.2B
| $110M | 0.02% |
918,634
+31,049
| +3% | +$3.79M |
|
682
Exponent
EXPO
$3.24B
| $110M | 0.02% |
1,108,542
+7,212
| +0.7% | +$701K |
|
683
RBC Bearings
RBC
$18B
| $110M | 0.02% |
523,107
+18,543
| +4% | +$4.24M |
|
684
RenaissanceRe
RNR
$13.4B
| $109M | 0.02% |
589,302
+30,263
| +5% | +$5.1M |
|
685
Selective Insurance
SIGI
$5.73B
| $108M | 0.02% |
1,222,919
+43,490
| +4% | +$3.96M |
|
686
Lumen
LUMN
$6.44B
| $108M | 0.02% |
20,703,388
+193,711
| +0.9% | +$1.19M |
|
|
CHX
687
DELISTED
ChampionX
CHX
| $108M | 0.02% |
3,734,091
+45,006
| +1% | +$1.24M |
|
688
Chord Energy
CHRD
$7.39B
| $108M | 0.02% |
788,984
+16,935
| +2% | +$2.48M |
|
689
OGE Energy
OGE
$9.71B
| $107M | 0.02% |
2,716,109
+140,996
| +5% | +$5.35M |
|
690
Glacier Bancorp
GBCI
$6.35B
| $107M | 0.02% |
2,165,403
+200,094
| +10% | +$10.8M |
|
691
Acadia Healthcare
ACHC
$2.94B
| $107M | 0.02% |
1,299,601
+58,794
| +5% | +$4.85M |
|
692
Newell Brands
NWL
$2.56B
| $107M | 0.02% |
8,180,316
+283,988
| +4% | +$3.88M |
|
693
Western Union
WU
$2.21B
| $107M | 0.02% |
7,752,550
+19,868
| +0.3% | +$274K |
|
694
Dick's Sporting Goods
DKS
$18.7B
| $106M | 0.01% |
881,663
+6,374
| +0.7% | +$718K |
|
695
Royal Gold
RGLD
$19.5B
| $106M | 0.01% |
943,467
-121,652
| -11% | -$12.5M |
|
|
LNW
696
DELISTED
Light & Wonder
LNW
| $106M | 0.01% |
1,810,525
+3,137
| +0.2% | +$180K |
|
697
Norwegian Cruise Line
NCLH
$8.84B
| $106M | 0.01% |
8,653,143
+316,246
| +4% | +$4.76M |
|
698
Amdocs
DOX
$6.22B
| $106M | 0.01% |
1,162,041
-26,346
| -2% | -$2.24M |
|
699
Brixmor Property Group
BRX
$9.32B
| $106M | 0.01% |
4,659,764
+170,547
| +4% | +$3.65M |
|
|
KRTX
700
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
| $105M | 0.01% |
536,487
+30,636
| +6% | +$6.57M |
|
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.