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 | |
|---|---|---|---|---|---|---|
|
BLD
951
DELISTED
TopBuild
BLD
| $67.5M | 0.01% |
431,662
+18,788
| +5% | +$2.99M |
|
952
PENN Entertainment
PENN
$2.71B
| $67.4M | 0.01% |
2,270,982
+13,622
| +0.6% | +$442K |
|
953
Hexcel
HXL
$7.82B
| $67.4M | 0.01% |
1,144,723
+52,674
| +5% | +$3.02M |
|
954
ATI
ATI
$31B
| $67.4M | 0.01% |
2,256,055
+81,073
| +4% | +$2.37M |
|
955
Blackstone Mortgage Trust
BXMT
$2.38B
| $67.3M | 0.01% |
3,178,541
+191,244
| +6% | +$4.53M |
|
956
Cabot Corp
CBT
$4.52B
| $67M | 0.01% |
1,002,907
+34,046
| +4% | +$2.38M |
|
957
Hawaiian Electric Industries
HE
$2.14B
| $66.9M | 0.01% |
1,598,776
+76,860
| +5% | +$2.97M |
|
958
FIVE9
FIVN
$2.54B
| $66.8M | 0.01% |
985,094
+50,347
| +5% | +$3.16M |
|
959
First Interstate BancSystem
FIBK
$3.58B
| $66.7M | 0.01% |
1,726,965
+34,753
| +2% | +$1.47M |
|
|
CIVI
960
DELISTED
Civitas Resources
CIVI
| $66.7M | 0.01% |
1,151,253
-3,858
| -0.3% | -$249K |
|
961
Post Holdings
POST
$3.57B
| $66.6M | 0.01% |
737,832
+34,374
| +5% | +$3.06M |
|
962
Autoliv
ALV
$9B
| $66.4M | 0.01% |
867,253
-20,285
| -2% | -$1.62M |
|
963
GXO Logistics
GXO
$5.55B
| $66.4M | 0.01% |
1,555,403
+80,919
| +5% | +$3.25M |
|
964
Doximity
DOCS
$4.88B
| $66.4M | 0.01% |
1,978,327
+357,754
| +22% | +$10.9M |
|
965
Kilroy Realty
KRC
$4.42B
| $66.3M | 0.01% |
1,715,019
+69,272
| +4% | +$2.85M |
|
966
Lantheus
LNTH
$6.59B
| $66.2M | 0.01% |
1,298,399
+57,911
| +5% | +$3.57M |
|
967
Pembina Pipeline
PBA
$27.6B
| $66.2M | 0.01% |
1,921,638
+3,173
| +0.2% | +$106K |
|
|
SRCL
968
DELISTED
Stericycle Inc
SRCL
| $65.8M | 0.01% |
1,319,421
+58,193
| +5% | +$2.77M |
|
969
DraftKings
DKNG
$11.9B
| $65.8M | 0.01% |
5,777,561
+346,440
| +6% | +$4.82M |
|
970
NorthWestern Energy
NWE
$4.43B
| $65.7M | 0.01% |
1,107,138
+52,936
| +5% | +$2.89M |
|
|
UMPQ
971
DELISTED
Umpqua Holdings Corp
UMPQ
| $65.4M | 0.01% |
3,666,367
+112,392
| +3% | +$2.12M |
|
972
UiPath
PATH
$7.8B
| $64.8M | 0.01% |
5,101,219
+312,220
| +7% | +$3.86M |
|
973
Lazard
LAZ
$4.31B
| $64.6M | 0.01% |
1,861,896
-23,253
| -1% | -$827K |
|
974
GameStop
GME
$8.6B
| $64.5M | 0.01% |
3,495,649
+176,876
| +5% | +$4.34M |
|
975
Sprouts Farmers Market
SFM
$8.01B
| $64.5M | 0.01% |
1,992,199
+38,959
| +2% | +$1.21M |
|
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.