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 |
Tesla
TSLA
|
+$906M |
| 2 |
Amazon
AMZN
|
+$712M |
| 3 |
Microsoft
MSFT
|
+$665M |
| 4 |
AbbVie
ABBV
|
+$538M |
| 5 |
Apple
AAPL
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$302M |
| 2 |
Chevron
CVX
|
+$290M |
| 3 |
American Tower
AMT
|
+$225M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$136M |
| 5 |
Baidu
BIDU
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.64% |
| 2 | Healthcare | 14.93% |
| 3 | Financials | 13.34% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Old National Bancorp
ONB
$10.2B
| $89.5M | 0.01% |
5,433,731
+43,320
| +0.8% | +$724K |
|
727
Penumbra
PEN
$12.6B
| $89.4M | 0.01% |
471,692
+26,491
| +6% | +$4.25M |
|
728
Landstar System
LSTR
$5.93B
| $89.4M | 0.01% |
619,320
-2,335
| -0.4% | -$348K |
|
|
TGNA
729
DELISTED
TEGNA Inc
TGNA
| $89.1M | 0.01% |
4,308,574
+36,944
| +0.9% | +$782K |
|
730
Bruker
BRKR
$9.57B
| $88.7M | 0.01% |
1,672,380
+36,930
| +2% | +$2.21M |
|
731
Option Care Health
OPCH
$3.45B
| $88.7M | 0.01% |
2,817,697
+293,413
| +12% | +$9.39M |
|
732
First Industrial Realty Trust
FR
$8.73B
| $88.5M | 0.01% |
1,974,360
-23,901
| -1% | -$1.21M |
|
733
H&R Block
HRB
$5.58B
| $88.2M | 0.01% |
2,073,601
+46,155
| +2% | +$1.95M |
|
734
Valley National Bancorp
VLY
$7.9B
| $88.2M | 0.01% |
8,166,515
+284,335
| +4% | +$3.28M |
|
735
Silicon Laboratories
SLAB
$7.17B
| $88.1M | 0.01% |
714,024
-29,255
| -4% | -$3.91M |
|
|
SWN
736
DELISTED
Southwestern Energy Company
SWN
| $87.9M | 0.01% |
14,369,636
+203,102
| +1% | +$1.4M |
|
737
United Bankshares
UBSI
$6.63B
| $87.9M | 0.01% |
2,459,854
-5,759
| -0.2% | -$215K |
|
738
Lantheus
LNTH
$6.49B
| $87.3M | 0.01% |
1,240,488
+24,893
| +2% | +$1.89M |
|
739
WEX
WEX
$6.37B
| $86.3M | 0.01% |
680,040
+110,231
| +19% | +$17.3M |
|
740
Interactive Brokers
IBKR
$39.2B
| $86.1M | 0.01% |
5,386,784
+586,940
| +12% | +$9.04M |
|
741
Houlihan Lokey
HLI
$8.77B
| $85.8M | 0.01% |
1,138,671
-29,454
| -3% | -$2.39M |
|
742
Trex
TREX
$4.51B
| $85.5M | 0.01% |
1,944,862
+12,448
| +0.6% | +$666K |
|
743
Churchill Downs
CHDN
$5.88B
| $85.3M | 0.01% |
925,912
-7,276
| -0.8% | -$742K |
|
744
Performance Food Group
PFGC
$18B
| $85.1M | 0.01% |
1,982,048
+21,179
| +1% | +$1.05M |
|
745
Inspire Medical Systems
INSP
$1.45B
| $85.1M | 0.01% |
479,764
+18,486
| +4% | +$3.71M |
|
746
Wingstop
WING
$3.53B
| $84.8M | 0.01% |
676,530
+25,825
| +4% | +$3.09M |
|
747
Southwest Gas
SWX
$6.47B
| $84.8M | 0.01% |
1,215,268
-22,705
| -2% | -$1.84M |
|
748
Pinnacle Financial Partners Inc
PNFP
$15.9B
| $84.3M | 0.01% |
1,039,446
+4,868
| +0.5% | +$389K |
|
749
Dropbox
DBX
$7.6B
| $84.2M | 0.01% |
4,069,382
+427,622
| +12% | +$9.58M |
|
750
Vornado Realty Trust
VNO
$7.41B
| $84.2M | 0.01% |
3,639,006
+101,549
| +3% | +$2.83M |
|
Similar funds
Geode Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Geode Capital Management held 5,120 positions worth $659B, down 3.4% from $683B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Geode Capital Management opened 106 new positions and exited 90, leaving the 5,120-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2022 buy was Endeavor Group Holdings, Inc.: 1,449,828 shares worth $29.4M.
- Geode Capital Management added most to Tesla in Q3 2022, an estimated $906M increase.
- Geode Capital Management's biggest Q3 2022 reduction was Home Depot, cutting an estimated $302M.
- Geode Capital Management fully exited American Campus Communities, Inc. in Q3 2022, selling an estimated $136M.
- Geode Capital Management's ten largest holdings make up 23% of its $659B portfolio in Q3 2022.
- Geode Capital Management opened 106 new positions and closed 90 in Q3 2022.
- Geode Capital Management's portfolio value fell 3.4% quarter-over-quarter to $659B.
Based on Geode Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.