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 | |
|---|---|---|---|---|---|---|
851
Vornado Realty Trust
VNO
$7.38B
| $77.7M | 0.01% |
3,735,267
+96,261
| +3% | +$2.2M |
|
852
Southwest Gas
SWX
$6.67B
| $77.6M | 0.01% |
1,254,414
+39,146
| +3% | +$2.66M |
|
853
Valvoline
VVV
$4.51B
| $77.6M | 0.01% |
2,375,423
+127,643
| +6% | +$3.86M |
|
854
Ormat Technologies
ORA
$6.65B
| $77.5M | 0.01% |
896,426
+97,643
| +12% | +$8.76M |
|
|
AJRD
855
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $77.5M | 0.01% |
1,385,913
+50,674
| +4% | +$2.51M |
|
856
ONE Gas
OGS
$5.04B
| $77.5M | 0.01% |
1,023,198
+63,143
| +7% | +$4.87M |
|
857
Lithia Motors
LAD
$8.26B
| $77.4M | 0.01% |
378,096
+8,209
| +2% | +$1.75M |
|
858
Phillips Edison & Co
PECO
$5.24B
| $77.2M | 0.01% |
2,425,308
+71,744
| +3% | +$2.21M |
|
|
DEN
859
DELISTED
Denbury Inc.
DEN
| $76.9M | 0.01% |
884,096
+28,713
| +3% | +$2.61M |
|
860
Harley-Davidson
HOG
$2.71B
| $76.8M | 0.01% |
1,846,101
+35,718
| +2% | +$1.52M |
|
861
Eagle Materials
EXP
$6.57B
| $76.8M | 0.01% |
577,990
-6,334
| -1% | -$800K |
|
|
BCPC
862
Balchem Corp
BCPC
$5.72B
| $76.7M | 0.01% |
628,436
-58,676
| -9% | -$7.75M |
|
863
SM Energy
SM
$6.87B
| $76.5M | 0.01% |
2,197,543
+44,272
| +2% | +$1.84M |
|
864
Universal Display
OLED
$4.19B
| $76.3M | 0.01% |
706,298
+12,046
| +2% | +$1.26M |
|
865
Rayonier
RYN
$6.55B
| $76.2M | 0.01% |
2,549,805
+91,600
| +4% | +$2.81M |
|
|
PCH
866
DELISTED
PotlatchDeltic
PCH
| $76.2M | 0.01% |
1,731,078
+63,830
| +4% | +$2.89M |
|
|
SKX
867
DELISTED
Skechers
SKX
| $76.1M | 0.01% |
1,814,393
+79,749
| +5% | +$3.05M |
|
868
Starwood Property Trust
STWD
$6.09B
| $76.1M | 0.01% |
4,150,140
+290,687
| +8% | +$5.79M |
|
869
Ionis Pharmaceuticals
IONS
$9.4B
| $76M | 0.01% |
2,012,723
+111,580
| +6% | +$4.69M |
|
870
Cytokinetics
CYTK
$10.4B
| $76M | 0.01% |
1,657,850
+66,392
| +4% | +$2.86M |
|
871
New York Times
NYT
$10.2B
| $75.9M | 0.01% |
2,338,098
+89,282
| +4% | +$2.91M |
|
|
TXNM
872
TXNM Energy Inc
TXNM
$5.94B
| $75.7M | 0.01% |
1,552,069
+34,084
| +2% | +$1.62M |
|
|
SNV
873
DELISTED
Synovus
SNV
| $75.5M | 0.01% |
2,011,577
+66,774
| +3% | +$2.65M |
|
|
DISH
874
DELISTED
DISH Network Corp.
DISH
| $75.4M | 0.01% |
5,377,042
+60,442
| +1% | +$892K |
|
875
Agnico Eagle Mines
AEM
$90.5B
| $75.2M | 0.01% |
1,447,573
-9,902
| -0.7% | -$467K |
|
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.