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 |
Tesla
TSLA
|
+$906M |
| 2 |
Amazon
AMZN
|
+$712M |
| 3 |
Microsoft
MSFT
|
+$665M |
| 4 |
AbbVie
ABBV
|
+$538M |
| 5 |
Apple
AAPL
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$302M |
| 2 |
Chevron
CVX
|
+$290M |
| 3 |
American Tower
AMT
|
+$225M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$136M |
| 5 |
Baidu
BIDU
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.64% |
| 2 | Healthcare | 14.93% |
| 3 | Financials | 13.34% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1026
Goodyear
GT
$2B
| $54.2M | 0.01% |
5,367,000
+221,173
| +4% | +$2.81M |
|
1027
Viavi Solutions
VIAV
$9.12B
| $54M | 0.01% |
4,134,941
+95,776
| +2% | +$1.36M |
|
1028
MSC Industrial Direct
MSM
$6.89B
| $53.9M | 0.01% |
739,828
+22,332
| +3% | +$1.76M |
|
1029
CGI
GIB
$15.1B
| $53.8M | 0.01% |
713,184
+47,013
| +7% | +$3.83M |
|
1030
Associated Banc-Corp
ASB
$5.83B
| $53.7M | 0.01% |
2,676,007
+57,701
| +2% | +$1.16M |
|
1031
SoFi Technologies
SOFI
$21B
| $53.6M | 0.01% |
10,977,522
+706,124
| +7% | +$4.47M |
|
1032
Teva Pharmaceuticals
TEVA
$40.8B
| $53.4M | 0.01% |
6,633,114
+314,715
| +5% | +$2.78M |
|
|
AJRD
1033
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $53.4M | 0.01% |
1,335,239
+32,309
| +2% | +$1.37M |
|
1034
GATX Corp
GATX
$6.35B
| $53.4M | 0.01% |
626,852
+5,122
| +0.8% | +$494K |
|
|
COOP
1035
DELISTED
Mr. Cooper
COOP
| $53.4M | 0.01% |
1,317,857
-19,303
| -1% | -$817K |
|
|
SGI
1036
Somnigroup International
SGI
$13.7B
| $53.4M | 0.01% |
2,210,941
-132,961
| -6% | -$3.44M |
|
|
FLG
1037
Flagstar Bank National Association
FLG
$5.93B
| $53.3M | 0.01% |
2,084,317
+5,314
| +0.3% | +$156K |
|
1038
Marqeta
MQ
$1.83B
| $53.3M | 0.01% |
1,871,401
+117,340
| +7% | +$3.91M |
|
1039
SL Green Realty
SLG
$3.76B
| $53.2M | 0.01% |
1,324,792
+35,371
| +3% | +$1.64M |
|
1040
Badger Meter
BMI
$3.89B
| $53.2M | 0.01% |
575,327
+13,143
| +2% | +$1.22M |
|
1041
Broadstone Net Lease
BNL
$4.11B
| $53.2M | 0.01% |
3,422,525
+14,612
| +0.4% | +$296K |
|
1042
Cirrus Logic
CRUS
$6.53B
| $53.1M | 0.01% |
772,295
-8,159
| -1% | -$641K |
|
1043
Teladoc Health
TDOC
$1.22B
| $53.1M | 0.01% |
2,097,152
+46,256
| +2% | +$1.62M |
|
|
SRCL
1044
DELISTED
Stericycle Inc
SRCL
| $53.1M | 0.01% |
1,261,228
+15,091
| +1% | +$726K |
|
1045
Diodes
DIOD
$3.78B
| $53.1M | 0.01% |
817,476
+21,827
| +3% | +$1.58M |
|
1046
Cathay General Bancorp
CATY
$4.22B
| $52.9M | 0.01% |
1,374,955
+13,275
| +1% | +$552K |
|
1047
Hawaiian Electric Industries
HE
$2.23B
| $52.7M | 0.01% |
1,521,916
+6,176
| +0.4% | +$249K |
|
1048
Beam Therapeutics
BEAM
$2.63B
| $52.6M | 0.01% |
1,104,475
+137,252
| +14% | +$7.83M |
|
1049
FNB Corp
FNB
$6.73B
| $52.5M | 0.01% |
4,526,430
-42,620
| -0.9% | -$505K |
|
1050
COPT Defense Properties
CDP
$4.3B
| $52.4M | 0.01% |
2,254,844
+8,476
| +0.4% | +$222K |
|
Similar funds
Geode Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Geode Capital Management held 5,120 positions worth $659B, down 3.4% from $683B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Geode Capital Management opened 106 new positions and exited 90, leaving the 5,120-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2022 buy was Endeavor Group Holdings, Inc.: 1,449,828 shares worth $29.4M.
- Geode Capital Management added most to Tesla in Q3 2022, an estimated $906M increase.
- Geode Capital Management's biggest Q3 2022 reduction was Home Depot, cutting an estimated $302M.
- Geode Capital Management fully exited American Campus Communities, Inc. in Q3 2022, selling an estimated $136M.
- Geode Capital Management's ten largest holdings make up 23% of its $659B portfolio in Q3 2022.
- Geode Capital Management opened 106 new positions and closed 90 in Q3 2022.
- Geode Capital Management's portfolio value fell 3.4% quarter-over-quarter to $659B.
Based on Geode Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.