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 | |
|---|---|---|---|---|---|---|
1051
FirstCash
FCFS
$8.85B
| $52.3M | 0.01% |
713,602
+767
| +0.1% | +$57.2K |
|
1052
Boyd Gaming
BYD
$6.32B
| $52.3M | 0.01% |
1,098,060
+21,949
| +2% | +$1.18M |
|
1053
Belden
BDC
$4.83B
| $52.3M | 0.01% |
870,919
+108,838
| +14% | +$6.92M |
|
1054
Varonis Systems
VRNS
$4.59B
| $52.2M | 0.01% |
1,968,324
+55,145
| +3% | +$1.57M |
|
1055
Advanced Energy
AEIS
$11.6B
| $52.2M | 0.01% |
674,238
+9,027
| +1% | +$775K |
|
1056
MGIC Investment
MTG
$6.16B
| $52.2M | 0.01% |
4,070,403
-402,829
| -9% | -$5.64M |
|
1057
KE Holdings
BEKE
$18.7B
| $52.2M | 0.01% |
2,986,947
+1,630,516
| +120% | +$26.4M |
|
|
RCM
1058
DELISTED
R1 RCM Inc. Common Stock
RCM
| $52.1M | 0.01% |
2,812,045
+205,844
| +8% | +$4.69M |
|
|
EQC
1059
DELISTED
Equity Commonwealth
EQC
| $52M | 0.01% |
2,136,059
-31,722
| -1% | -$853K |
|
1060
NorthWestern Energy
NWE
$4.23B
| $52M | 0.01% |
1,054,202
+58,100
| +6% | +$3.19M |
|
1061
CNX Resources
CNX
$5.06B
| $51.9M | 0.01% |
3,339,225
-106,106
| -3% | -$1.8M |
|
1062
TriNet
TNET
$3.02B
| $51.8M | 0.01% |
727,357
-252
| -0% | -$20.5K |
|
1063
GXO Logistics
GXO
$5.77B
| $51.7M | 0.01% |
1,474,484
+161,502
| +12% | +$7.13M |
|
1064
Hyatt Hotels
H
$16.4B
| $51.6M | 0.01% |
637,962
-10,238
| -2% | -$871K |
|
1065
Mine Safety
MSA
$7.35B
| $51.6M | 0.01% |
472,382
+5,987
| +1% | +$736K |
|
1066
Ryder
R
$9.83B
| $51.4M | 0.01% |
681,315
-3,785
| -0.6% | -$288K |
|
1067
Evolent Health
EVH
$348M
| $51.3M | 0.01% |
1,426,725
+35,036
| +3% | +$1.23M |
|
1068
California Resources
CRC
$4.67B
| $51.2M | 0.01% |
1,332,821
-26,375
| -2% | -$1.15M |
|
|
BECN
1069
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $51.1M | 0.01% |
934,604
-46,816
| -5% | -$2.65M |
|
1070
Peabody Energy
BTU
$2.6B
| $51.1M | 0.01% |
2,059,893
+110,160
| +6% | +$2.47M |
|
|
ALE
1071
DELISTED
Allete
ALE
| $51.1M | 0.01% |
1,020,610
+24,051
| +2% | +$1.43M |
|
1072
Louisiana-Pacific
LPX
$5.06B
| $51M | 0.01% |
996,344
-307,559
| -24% | -$17.5M |
|
|
UNVR
1073
DELISTED
Univar Solutions Inc.
UNVR
| $50.9M | 0.01% |
2,239,152
+71,037
| +3% | +$1.78M |
|
1074
Thor Industries
THO
$3.9B
| $50.9M | 0.01% |
727,479
-4,093
| -0.6% | -$334K |
|
1075
Simply Good Foods
SMPL
$901M
| $50.8M | 0.01% |
1,587,758
+13,659
| +0.9% | +$448K |
|
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.