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 | |
|---|---|---|---|---|---|---|
776
First Financial Bankshares
FFIN
$4.97B
| $89.1M | 0.01% |
2,588,894
+116,572
| +5% | +$4.41M |
|
777
Maximus
MMS
$3.1B
| $89M | 0.01% |
1,213,308
+36,297
| +3% | +$2.34M |
|
778
Globus Medical
GMED
$11.2B
| $89M | 0.01% |
1,198,355
+11,153
| +0.9% | +$759K |
|
779
Prosperity Bancshares
PB
$8.89B
| $88.8M | 0.01% |
1,221,796
+61,862
| +5% | +$4.46M |
|
780
AMN Healthcare
AMN
$1.4B
| $88.7M | 0.01% |
862,562
+6,263
| +0.7% | +$721K |
|
781
Coca-Cola Europacific Partners
CCEP
$47.9B
| $88.5M | 0.01% |
1,605,821
-16,870
| -1% | -$847K |
|
|
ITCI
782
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $88.5M | 0.01% |
1,671,437
+53,127
| +3% | +$2.66M |
|
783
Fluor
FLR
$7.96B
| $88.4M | 0.01% |
2,551,539
+94,274
| +4% | +$3.01M |
|
784
New Jersey Resources
NJR
$5.58B
| $88.1M | 0.01% |
1,774,870
+63,355
| +4% | +$2.89M |
|
785
Option Care Health
OPCH
$3.56B
| $88M | 0.01% |
2,924,608
+106,911
| +4% | +$3.32M |
|
786
Toll Brothers
TOL
$14.5B
| $87.9M | 0.01% |
1,759,943
-34,392
| -2% | -$1.58M |
|
787
Planet Fitness
PLNT
$3.78B
| $87.7M | 0.01% |
1,113,410
+50,505
| +5% | +$3.52M |
|
788
Sun Life Financial
SLF
$45.4B
| $87.6M | 0.01% |
1,874,486
-14,013
| -0.7% | -$620K |
|
|
SRC
789
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
| $87.6M | 0.01% |
2,193,815
+123,326
| +6% | +$4.81M |
|
|
X
790
DELISTED
US Steel
X
| $87.2M | 0.01% |
3,423,901
+44,162
| +1% | +$1.02M |
|
791
Curtiss-Wright
CW
$25.5B
| $86.9M | 0.01% |
520,259
+22,144
| +4% | +$3.69M |
|
|
LSXMK
792
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $86.9M | 0.01% |
2,868,570
+44,492
| +2% | +$1.42M |
|
|
GTLS
793
DELISTED
Chart Industries
GTLS
| $86.7M | 0.01% |
752,179
+124,265
| +20% | +$20M |
|
794
SPS Commerce
SPSC
$2.64B
| $86.3M | 0.01% |
671,916
+21,658
| +3% | +$2.79M |
|
795
Applied Industrial Technologies
AIT
$13.3B
| $86.1M | 0.01% |
683,215
+21,790
| +3% | +$2.67M |
|
796
Cenovus Energy
CVE
$52.1B
| $85.9M | 0.01% |
4,405,814
-8,417
| -0.2% | -$161K |
|
797
Power Integrations
POWI
$3.61B
| $85.3M | 0.01% |
1,189,449
+4,118
| +0.3% | +$294K |
|
798
Envista
NVST
$4.52B
| $85.1M | 0.01% |
2,527,408
+30,236
| +1% | +$1.03M |
|
799
DaVita
DVA
$11.7B
| $85.1M | 0.01% |
1,141,428
+579
| +0.1% | +$45K |
|
800
Nutanix
NTNX
$16.9B
| $84.8M | 0.01% |
3,255,605
+231,951
| +8% | +$6.33M |
|
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.