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 | |
|---|---|---|---|---|---|---|
726
NovoCure
NVCR
$1.91B
| $98.9M | 0.01% |
1,350,341
+68,779
| +5% | +$5.18M |
|
727
Tradeweb Markets
TW
$21.6B
| $98.6M | 0.01% |
1,519,974
+79,965
| +6% | +$4.7M |
|
728
KBR
KBR
$4.8B
| $97.9M | 0.01% |
1,853,568
+71,348
| +4% | +$3.55M |
|
729
Floor & Decor
FND
$6.68B
| $97.2M | 0.01% |
1,395,759
+75,674
| +6% | +$5.51M |
|
730
Ally Financial
ALLY
$13.3B
| $97M | 0.01% |
3,971,781
-113,485
| -3% | -$3.02M |
|
731
Trip.com Group
TCOM
$29.1B
| $97M | 0.01% |
2,830,209
-21,952
| -0.8% | -$631K |
|
732
HealthEquity
HQY
$8.75B
| $96.7M | 0.01% |
1,568,088
+52,080
| +3% | +$3.5M |
|
733
The Ensign Group
ENSG
$10.7B
| $96.6M | 0.01% |
1,020,711
+37,548
| +4% | +$3.41M |
|
734
ZTO Express
ZTO
$17.9B
| $96.5M | 0.01% |
3,598,792
+412,100
| +13% | +$9.47M |
|
735
Carlyle Group
CG
$17.2B
| $96.4M | 0.01% |
3,233,725
+149,699
| +5% | +$4.27M |
|
736
CACI
CACI
$14.2B
| $95.5M | 0.01% |
317,684
+16,403
| +5% | +$4.78M |
|
737
Valmont Industries
VMI
$9.53B
| $95.4M | 0.01% |
288,391
+13,988
| +5% | +$4.44M |
|
738
Woodward
WWD
$21.4B
| $95.4M | 0.01% |
986,981
+7,808
| +0.8% | +$722K |
|
739
Valley National Bancorp
VLY
$8.04B
| $94.9M | 0.01% |
8,389,074
+222,559
| +3% | +$2.62M |
|
740
Celsius Holdings
CELH
$7.03B
| $94.9M | 0.01% |
2,735,676
+91,974
| +3% | +$3M |
|
741
Kite Realty
KRG
$5.36B
| $94.5M | 0.01% |
4,489,576
+125,284
| +3% | +$2.55M |
|
742
Plug Power
PLUG
$3.04B
| $94.3M | 0.01% |
7,633,166
+439,463
| +6% | +$7M |
|
743
Helmerich & Payne
HP
$3.71B
| $94.2M | 0.01% |
1,900,616
+58,912
| +3% | +$2.8M |
|
744
Qualys
QLYS
$6.35B
| $94.1M | 0.01% |
838,727
+15,531
| +2% | +$1.94M |
|
745
Fabrinet
FN
$20.1B
| $94.1M | 0.01% |
733,955
+7,695
| +1% | +$918K |
|
746
Olin
OLN
$2.12B
| $93.9M | 0.01% |
1,773,507
-44,415
| -2% | -$2.36M |
|
747
Encompass Health
EHC
$12.4B
| $93.5M | 0.01% |
1,563,345
+275,379
| +21% | +$15M |
|
748
Wingstop
WING
$3.18B
| $93.3M | 0.01% |
677,665
+1,135
| +0.2% | +$167K |
|
|
TGNA
749
DELISTED
TEGNA Inc
TGNA
| $93M | 0.01% |
4,390,401
+81,827
| +2% | +$1.65M |
|
750
US Foods
USFD
$24B
| $92.9M | 0.01% |
2,729,325
+117,804
| +5% | +$3.77M |
|
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.