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 | |
|---|---|---|---|---|---|---|
901
Brunswick
BC
$5.28B
| $72.2M | 0.01% |
1,001,305
+3,446
| +0.3% | +$245K |
|
902
Synaptics
SYNA
$4.15B
| $72.2M | 0.01% |
758,277
+38,021
| +5% | +$3.65M |
|
903
Rambus
RMBS
$11B
| $72.1M | 0.01% |
2,012,638
+26,871
| +1% | +$909K |
|
|
IAA
904
DELISTED
IAA, Inc. Common Stock
IAA
| $71.9M | 0.01% |
1,796,939
+91,627
| +5% | +$3.46M |
|
905
Mine Safety
MSA
$7.49B
| $71.8M | 0.01% |
498,179
+25,797
| +5% | +$3.38M |
|
906
Haemonetics
HAE
$4B
| $71.6M | 0.01% |
910,152
+24,628
| +3% | +$1.98M |
|
|
UNVR
907
DELISTED
Univar Solutions Inc.
UNVR
| $71.5M | 0.01% |
2,249,535
+10,383
| +0.5% | +$298K |
|
908
MKS Inc
MKSI
$20.6B
| $71.5M | 0.01% |
843,989
+31,214
| +4% | +$2.5M |
|
|
RXDX
909
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $71.1M | 0.01% |
646,647
+110,263
| +21% | +$7.15M |
|
910
UMB Financial
UMBF
$11.1B
| $71.1M | 0.01% |
851,430
+38,110
| +5% | +$3.2M |
|
911
Primerica
PRI
$9.89B
| $71M | 0.01% |
500,994
+17,034
| +4% | +$2.37M |
|
912
Hanover Insurance
THG
$7.98B
| $70.6M | 0.01% |
522,611
+60,801
| +13% | +$8.48M |
|
|
MAXR
913
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $70.6M | 0.01% |
1,364,013
+50,862
| +4% | +$1.4M |
|
914
Sanmina
SANM
$10.9B
| $70.6M | 0.01% |
1,231,960
+15,660
| +1% | +$927K |
|
915
BWX Technologies
BWXT
$15.6B
| $70.6M | 0.01% |
1,214,813
+54,603
| +5% | +$3.14M |
|
916
Calix
CALX
$2.39B
| $70.5M | 0.01% |
1,029,658
+45,841
| +5% | +$3.08M |
|
917
Toast
TOST
$19.9B
| $70.4M | 0.01% |
3,910,678
+356,840
| +10% | +$6.71M |
|
918
Super Micro Computer
SMCI
$20.1B
| $70.4M | 0.01% |
8,565,490
+336,040
| +4% | +$2.56M |
|
919
SiteOne Landscape Supply
SITE
$4.53B
| $70.2M | 0.01% |
598,220
+31,837
| +6% | +$3.71M |
|
920
Spire
SR
$4.85B
| $70M | 0.01% |
1,017,246
+90,328
| +10% | +$6.15M |
|
921
APi Group
APG
$18B
| $70M | 0.01% |
5,580,093
+179,571
| +3% | +$2.07M |
|
922
Evercore
EVR
$11.8B
| $69.8M | 0.01% |
639,939
-39,370
| -6% | -$4.11M |
|
923
SLM Corp
SLM
$5.15B
| $69.8M | 0.01% |
4,204,995
-651,536
| -13% | -$10.7M |
|
924
Workiva
WK
$3.54B
| $69.6M | 0.01% |
828,833
+29,452
| +4% | +$2.28M |
|
925
Apple Hospitality REIT
APLE
$3.82B
| $69.5M | 0.01% |
4,402,497
+110,934
| +3% | +$1.79M |
|
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.