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 | |
|---|---|---|---|---|---|---|
1101
Amkor Technology
AMKR
$13.7B
| $53.7M | 0.01% |
2,239,074
+13,404
| +0.6% | +$311K |
|
1102
Fulton Financial
FULT
$4.64B
| $53.6M | 0.01% |
3,187,058
+100,961
| +3% | +$1.77M |
|
|
HI
1103
DELISTED
Hillenbrand
HI
| $53.6M | 0.01% |
1,256,595
+49,840
| +4% | +$2.21M |
|
1104
Cactus
WHD
$5.44B
| $53.6M | 0.01% |
1,066,060
+37,188
| +4% | +$1.87M |
|
1105
SITE Centers
SITC
$165M
| $53.4M | 0.01% |
5,008,814
+136,429
| +3% | +$1.34M |
|
1106
SoFi Technologies
SOFI
$23.7B
| $53.3M | 0.01% |
11,567,145
+589,623
| +5% | +$2.92M |
|
1107
SPX Corp
SPXC
$10.8B
| $53.3M | 0.01% |
812,173
+34,382
| +4% | +$2.25M |
|
|
AL
1108
DELISTED
Air Lease Corp
AL
| $53.2M | 0.01% |
1,383,820
+64,691
| +5% | +$2.33M |
|
1109
MGIC Investment
MTG
$6.25B
| $53M | 0.01% |
4,079,919
+9,516
| +0.2% | +$125K |
|
1110
Kulicke & Soffa
KLIC
$4.78B
| $53M | 0.01% |
1,198,224
+10,274
| +0.9% | +$452K |
|
1111
Array Technologies
ARRY
$855M
| $52.9M | 0.01% |
2,739,033
+80,313
| +3% | +$1.53M |
|
1112
Elastic
ESTC
$7.81B
| $52.9M | 0.01% |
1,027,175
+58,175
| +6% | +$3.49M |
|
1113
TSMC
TSM
$2.18T
| $52.9M | 0.01% |
709,556
+6,000
| +0.9% | +$434K |
|
1114
Plexus
PLXS
$7.23B
| $52.8M | 0.01% |
513,160
+14,947
| +3% | +$1.51M |
|
1115
Commault Systems
CVLT
$5.61B
| $52.8M | 0.01% |
839,745
+22,590
| +3% | +$1.4M |
|
1116
iRhythm Holdings
IRTC
$4.2B
| $52.5M | 0.01% |
560,778
+23,070
| +4% | +$2.51M |
|
1117
Rogers Communications
RCI
$18.6B
| $52.4M | 0.01% |
1,119,398
-14,728
| -1% | -$627K |
|
1118
Kirby Corp
KEX
$6.93B
| $52.3M | 0.01% |
812,274
+40,806
| +5% | +$2.72M |
|
1119
Eastern Bankshares
EBC
$5.23B
| $52.2M | 0.01% |
3,028,728
+82,374
| +3% | +$1.58M |
|
1120
IPG Photonics
IPGP
$3.84B
| $52.1M | 0.01% |
550,217
-7,671
| -1% | -$688K |
|
1121
Terex
TEX
$7.74B
| $52.1M | 0.01% |
1,219,256
+40,244
| +3% | +$1.62M |
|
1122
Brighthouse Financial
BHF
$3.5B
| $52M | 0.01% |
1,014,278
+19,894
| +2% | +$1.04M |
|
|
ETRN
1123
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
| $51.9M | 0.01% |
7,747,488
+303,793
| +4% | +$2.36M |
|
|
ISEE
1124
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $51.7M | 0.01% |
2,415,829
+355,148
| +17% | +$7.58M |
|
1125
Simmons First National
SFNC
$3.39B
| $51.7M | 0.01% |
2,395,084
+69,649
| +3% | +$1.58M |
|
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.