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 | |
|---|---|---|---|---|---|---|
876
Axalta
AXTA
$8.17B
| $75M | 0.01% |
2,943,941
+151,847
| +5% | +$3.75M |
|
877
Crane NXT
CXT
$3.07B
| $74.7M | 0.01% |
2,141,417
+23,541
| +1% | +$821K |
|
878
Polaris
PII
$4.07B
| $74.5M | 0.01% |
737,130
+21,128
| +3% | +$2.2M |
|
|
WCC
879
WESCO International
WCC
$17.7B
| $74.3M | 0.01% |
593,543
+28,530
| +5% | +$3.59M |
|
|
TRTN
880
DELISTED
Triton International Limited
TRTN
| $74.1M | 0.01% |
1,078,019
-11,217
| -1% | -$710K |
|
881
Casella Waste Systems
CWST
$5.69B
| $74.1M | 0.01% |
934,228
+31,391
| +3% | +$2.52M |
|
|
AIMC
882
DELISTED
Altra Industrial Motion Corp
AIMC
| $74.1M | 0.01% |
1,239,773
+38,025
| +3% | +$2M |
|
883
Merit Medical Systems
MMSI
$5.32B
| $74.1M | 0.01% |
1,048,925
+31,419
| +3% | +$2.1M |
|
884
Independent Bank
INDB
$3.97B
| $73.7M | 0.01% |
872,644
+22,220
| +3% | +$1.88M |
|
885
Sunrun
RUN
$2.46B
| $73.5M | 0.01% |
3,060,196
+143,419
| +5% | +$3.83M |
|
886
Exelixis
EXEL
$13.4B
| $73.2M | 0.01% |
4,566,289
+228,943
| +5% | +$3.73M |
|
887
Wintrust Financial
WTFC
$10.7B
| $73.2M | 0.01% |
865,819
+41,767
| +5% | +$3.69M |
|
888
First American
FAF
$7.58B
| $73.1M | 0.01% |
1,396,176
-257,309
| -16% | -$13M |
|
889
Comfort Systems
FIX
$59.6B
| $73.1M | 0.01% |
634,807
+21,202
| +3% | +$2.47M |
|
890
Mueller Industries
MLI
$15.2B
| $73M | 0.01% |
4,910,528
+127,488
| +3% | +$2.03M |
|
891
Ashland
ASH
$3.5B
| $72.9M | 0.01% |
677,747
+29,970
| +5% | +$3.16M |
|
892
Asbury Automotive
ABG
$3.85B
| $72.7M | 0.01% |
405,475
+6,831
| +2% | +$1.14M |
|
893
Tenet Healthcare
THC
$21.1B
| $72.6M | 0.01% |
1,487,664
+45,061
| +3% | +$2.08M |
|
894
Popular Inc
BPOP
$11.1B
| $72.4M | 0.01% |
1,091,245
-1,327
| -0.1% | -$92.3K |
|
|
EFOR
895
Everforth Inc
EFOR
$1.32B
| $72.4M | 0.01% |
888,192
+26,924
| +3% | +$2.36M |
|
896
QuidelOrtho
QDEL
$838M
| $72.4M | 0.01% |
843,488
-20,815
| -2% | -$1.76M |
|
897
Elanco Animal Health
ELAN
$11.1B
| $72.4M | 0.01% |
5,927,973
+1,226
| +0% | +$15.3K |
|
898
Fox Factory Holding Corp
FOXF
$886M
| $72.3M | 0.01% |
792,936
+25,990
| +3% | +$2.42M |
|
899
Valaris
VAL
$5.47B
| $72.3M | 0.01% |
1,069,540
+32,189
| +3% | +$2.01M |
|
900
Magnolia Oil & Gas
MGY
$5.94B
| $72.3M | 0.01% |
3,082,323
+205,896
| +7% | +$5.02M |
|
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.