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 | |
|---|---|---|---|---|---|---|
1001
Community Bank
CBU
$3.41B
| $62M | 0.01% |
984,574
+37,109
| +4% | +$2.32M |
|
1002
Sabra Healthcare REIT
SBRA
$5.37B
| $61.9M | 0.01% |
4,977,194
+113,908
| +2% | +$1.45M |
|
1003
Federated Hermes
FHI
$4.72B
| $61.8M | 0.01% |
1,700,698
+2,331
| +0.1% | +$81.8K |
|
|
SUM
1004
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $61.6M | 0.01% |
2,171,173
+53,465
| +3% | +$1.47M |
|
1005
MSC Industrial Direct
MSM
$6.86B
| $61.5M | 0.01% |
752,928
+13,100
| +2% | +$1.07M |
|
1006
Simply Good Foods
SMPL
$982M
| $61.4M | 0.01% |
1,615,123
+27,365
| +2% | +$1.01M |
|
1007
NIO
NIO
$11.9B
| $61.4M | 0.01% |
6,328,775
+49,383
| +0.8% | +$569K |
|
1008
BellRing Brands
BRBR
$1.34B
| $61.3M | 0.01% |
2,392,397
+100,591
| +4% | +$2.42M |
|
1009
Meritage Homes
MTH
$4.86B
| $61.3M | 0.01% |
1,329,760
+39,290
| +3% | +$1.59M |
|
1010
Avis
CAR
$5.02B
| $61.2M | 0.01% |
373,544
-43,828
| -11% | -$8.79M |
|
1011
Aaon
AAON
$7.77B
| $61.1M | 0.01% |
1,215,923
+29,442
| +2% | +$1.37M |
|
1012
MACOM Technology Solutions
MTSI
$23.7B
| $60.9M | 0.01% |
967,424
+30,217
| +3% | +$1.89M |
|
|
LTHM
1013
DELISTED
Livent Corporation
LTHM
| $60.9M | 0.01% |
3,065,719
+111,215
| +4% | +$3.04M |
|
1014
Sensient Technologies
SXT
$5.53B
| $60.9M | 0.01% |
834,863
+4,458
| +0.5% | +$319K |
|
1015
Cousins Properties
CUZ
$4.88B
| $60.8M | 0.01% |
2,404,372
+83,507
| +4% | +$2.04M |
|
|
ENV
1016
DELISTED
ENVESTNET, INC.
ENV
| $60.8M | 0.01% |
984,744
+32,650
| +3% | +$1.74M |
|
1017
California Water Service
CWT
$3.12B
| $60.7M | 0.01% |
1,001,118
+41,330
| +4% | +$2.48M |
|
1018
Allison Transmission
ALSN
$9.82B
| $60.7M | 0.01% |
1,458,961
-6,519
| -0.4% | -$268K |
|
|
SFBS
1019
ServisFirst Bancshares
SFBS
$4.86B
| $60.7M | 0.01% |
880,635
+33,265
| +4% | +$2.48M |
|
1020
Adient
ADNT
$1.5B
| $60.6M | 0.01% |
1,748,062
+57,716
| +3% | +$2.02M |
|
1021
Cirrus Logic
CRUS
$6.26B
| $60.6M | 0.01% |
813,920
+41,625
| +5% | +$2.99M |
|
1022
COPT Defense Properties
CDP
$4.21B
| $60.5M | 0.01% |
2,330,733
+75,889
| +3% | +$1.95M |
|
1023
Lucid Motors
LCID
$2.77B
| $60.3M | 0.01% |
883,230
+35,397
| +4% | +$3.9M |
|
1024
Albany International
AIN
$1.78B
| $60.2M | 0.01% |
610,143
+16,105
| +3% | +$1.54M |
|
1025
Onto Innovation
ONTO
$15.3B
| $60M | 0.01% |
881,455
+29,357
| +3% | +$2.11M |
|
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.