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 | |
|---|---|---|---|---|---|---|
1026
Vaxcyte
PCVX
$8.64B
| $60M | 0.01% |
1,251,433
+356,647
| +40% | +$14M |
|
1027
Avista
AVA
$3.24B
| $60M | 0.01% |
1,353,050
+65,369
| +5% | +$2.62M |
|
1028
CGI
GIB
$15.5B
| $59.9M | 0.01% |
695,646
-17,538
| -2% | -$1.45M |
|
1029
Robinhood
HOOD
$83.9B
| $59.9M | 0.01% |
7,357,972
+442,954
| +6% | +$4.34M |
|
1030
Restaurant Brands International
QSR
$25.8B
| $59.8M | 0.01% |
922,036
-12,825
| -1% | -$788K |
|
1031
Warner Music
WMG
$13.8B
| $59.7M | 0.01% |
1,705,172
+22,330
| +1% | +$651K |
|
|
FOLD
1032
DELISTED
Amicus Therapeutics
FOLD
| $59.7M | 0.01% |
4,890,428
+167,542
| +4% | +$1.89M |
|
1033
Advanced Energy
AEIS
$13B
| $59.6M | 0.01% |
694,839
+20,601
| +3% | +$1.73M |
|
1034
Integra LifeSciences
IART
$1.34B
| $59.6M | 0.01% |
1,062,589
+54,238
| +5% | +$2.76M |
|
1035
Teva Pharmaceuticals
TEVA
$41.2B
| $59.5M | 0.01% |
6,545,401
-87,713
| -1% | -$765K |
|
1036
AutoNation
AN
$6.92B
| $59.5M | 0.01% |
554,757
-57,435
| -9% | -$6.35M |
|
1037
Ameris Bancorp
ABCB
$5.89B
| $59.5M | 0.01% |
1,261,885
+24,491
| +2% | +$1.23M |
|
1038
Natera
NTRA
$46.4B
| $59.4M | 0.01% |
1,479,376
+217,067
| +17% | +$8.94M |
|
|
TMHC
1039
DELISTED
Taylor Morrison
TMHC
| $59.4M | 0.01% |
1,957,874
-18,534
| -0.9% | -$516K |
|
|
PINC
1040
DELISTED
Premier
PINC
| $59.3M | 0.01% |
1,695,559
+71,416
| +4% | +$2.38M |
|
1041
Cable One
CABO
$212M
| $59M | 0.01% |
82,904
-2,946
| -3% | -$2.2M |
|
1042
JD.com
JD
$44.5B
| $58.9M | 0.01% |
1,049,494
+104,946
| +11% | +$5.28M |
|
1043
Leggett & Platt
LEG
$1.31B
| $58.9M | 0.01% |
1,819,296
+81,593
| +5% | +$2.75M |
|
1044
Boyd Gaming
BYD
$6.06B
| $58.9M | 0.01% |
1,079,298
-18,762
| -2% | -$1.06M |
|
1045
Louisiana-Pacific
LPX
$5.49B
| $58.7M | 0.01% |
992,081
-4,263
| -0.4% | -$251K |
|
1046
California Resources
CRC
$4.62B
| $58.7M | 0.01% |
1,349,554
+16,733
| +1% | +$733K |
|
1047
Unifirst Corp
UNF
$5.25B
| $58.5M | 0.01% |
303,039
+1,642
| +0.5% | +$300K |
|
1048
Herc Holdings
HRI
$5.61B
| $58.4M | 0.01% |
443,700
+6,600
| +2% | +$811K |
|
1049
Forward Air
FWRD
$654M
| $58.3M | 0.01% |
556,102
+71,999
| +15% | +$7.56M |
|
1050
National Vision
EYE
$1.81B
| $58.2M | 0.01% |
1,501,961
+53,994
| +4% | +$2.02M |
|
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.