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 | |
|---|---|---|---|---|---|---|
1051
Teck Resources
TECK
$32.6B
| $58.1M | 0.01% |
1,526,714
-18,175
| -1% | -$629K |
|
1052
Hyatt Hotels
H
$16.7B
| $58.1M | 0.01% |
642,672
+4,710
| +0.7% | +$432K |
|
1053
Broadstone Net Lease
BNL
$4.02B
| $58M | 0.01% |
3,577,133
+154,608
| +5% | +$2.58M |
|
|
NARI
1054
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $57.9M | 0.01% |
911,083
+41,559
| +5% | +$3.01M |
|
1055
Cathay General Bancorp
CATY
$4.24B
| $57.9M | 0.01% |
1,418,894
+43,939
| +3% | +$1.9M |
|
1056
Texas Capital Bancshares
TCBI
$4.32B
| $57.8M | 0.01% |
958,859
+29,161
| +3% | +$1.72M |
|
1057
Insight Enterprises
NSIT
$4.38B
| $57.8M | 0.01% |
576,042
+10,163
| +2% | +$971K |
|
1058
Wheaton Precious Metals
WPM
$60.9B
| $57.7M | 0.01% |
1,466,304
-11,179
| -0.8% | -$404K |
|
|
PPBI
1059
DELISTED
Pacific Premier Bancorp
PPBI
| $57.4M | 0.01% |
1,819,486
+50,849
| +3% | +$1.75M |
|
1060
Ryder
R
$10.1B
| $57.4M | 0.01% |
686,983
+5,668
| +0.8% | +$476K |
|
|
TWNK
1061
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $57.4M | 0.01% |
2,557,255
+55,242
| +2% | +$1.39M |
|
|
AXNX
1062
DELISTED
Axonics, Inc. Common Stock
AXNX
| $57.4M | 0.01% |
917,667
+31,494
| +4% | +$2.09M |
|
1063
Li Auto
LI
$12.7B
| $57.3M | 0.01% |
2,810,063
-17,521
| -0.6% | -$333K |
|
1064
Signet Jewelers
SIG
$3.76B
| $57.3M | 0.01% |
842,456
+29,590
| +4% | +$1.88M |
|
1065
Prestige Consumer Healthcare
PBH
$2.6B
| $57.2M | 0.01% |
913,181
+38,266
| +4% | +$2.19M |
|
1066
Denali Therapeutics
DNLI
$3.97B
| $57M | 0.01% |
2,049,957
+273,793
| +15% | +$8.15M |
|
1067
XPO
XPO
$23.7B
| $56.7M | 0.01% |
1,703,926
-1,114,289
| -40% | -$37.5M |
|
1068
Hecla Mining
HL
$11.3B
| $56.7M | 0.01% |
10,200,174
+393,877
| +4% | +$1.96M |
|
1069
LXP Industrial Trust
LXP
$3.57B
| $56.7M | 0.01% |
1,131,010
+26,363
| +2% | +$1.32M |
|
1070
Ambarella
AMBA
$3.81B
| $56.6M | 0.01% |
688,125
+23,057
| +3% | +$1.53M |
|
1071
Peabody Energy
BTU
$2.9B
| $56.6M | 0.01% |
2,141,428
+81,535
| +4% | +$2.24M |
|
1072
Hilton Grand Vacations
HGV
$3.55B
| $56.3M | 0.01% |
1,461,430
+18,997
| +1% | +$751K |
|
1073
AXIS Capital
AXS
$7.55B
| $56.2M | 0.01% |
1,037,473
+48,602
| +5% | +$2.63M |
|
1074
Chegg
CHGG
$102M
| $56.1M | 0.01% |
2,221,799
+62,699
| +3% | +$1.59M |
|
1075
LivaNova
LIVN
$4.2B
| $56M | 0.01% |
1,008,552
+32,140
| +3% | +$1.64M |
|
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.