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 | |
|---|---|---|---|---|---|---|
1126
IPG Photonics
IPGP
$3.61B
| $47.1M | 0.01% |
557,888
-9,591
| -2% | -$911K |
|
1127
Bankunited
BKU
$3.37B
| $46.9M | 0.01% |
1,373,003
-70,405
| -5% | -$2.63M |
|
1128
Adient
ADNT
$1.65B
| $46.9M | 0.01% |
1,690,346
+27,182
| +2% | +$882K |
|
1129
Kirby Corp
KEX
$7.01B
| $46.9M | 0.01% |
771,468
+2,135
| +0.3% | +$137K |
|
1130
Albany International
AIN
$2.11B
| $46.8M | 0.01% |
594,038
+47,982
| +9% | +$4.13M |
|
1131
Otter Tail
OTTR
$3.71B
| $46.8M | 0.01% |
760,209
+11,523
| +2% | +$831K |
|
1132
Armstrong World Industries
AWI
$7.38B
| $46.7M | 0.01% |
589,757
+1,961
| +0.3% | +$166K |
|
|
JBTM
1133
JBT Marel
JBTM
$7.21B
| $46.7M | 0.01% |
543,055
+8,409
| +2% | +$892K |
|
1134
Insight Enterprises
NSIT
$3.89B
| $46.6M | 0.01% |
565,879
-25,081
| -4% | -$2.23M |
|
1135
Avient
AVNT
$3.33B
| $46.6M | 0.01% |
1,537,078
-28,898
| -2% | -$1.2M |
|
1136
Signet Jewelers
SIG
$3.61B
| $46.5M | 0.01% |
812,866
-152,863
| -16% | -$9.2M |
|
1137
TD Synnex
SNX
$20.4B
| $46.3M | 0.01% |
569,791
+30,992
| +6% | +$2.96M |
|
1138
Insmed
INSM
$21.4B
| $46.2M | 0.01% |
2,144,283
+47,415
| +2% | +$1.14M |
|
|
TMHC
1139
DELISTED
Taylor Morrison
TMHC
| $46.1M | 0.01% |
1,976,408
-80,478
| -4% | -$2.09M |
|
|
MRTX
1140
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $45.8M | 0.01% |
655,950
+8,900
| +1% | +$659K |
|
1141
NETSCOUT
NTCT
$2.96B
| $45.8M | 0.01% |
1,461,613
-25,623
| -2% | -$838K |
|
1142
Kulicke & Soffa
KLIC
$4.67B
| $45.8M | 0.01% |
1,187,950
-3,117
| -0.3% | -$138K |
|
1143
WIX.com
WIX
$2.3B
| $45.7M | 0.01% |
585,187
+27,719
| +5% | +$1.91M |
|
1144
Patterson-UTI
PTEN
$3.98B
| $45.6M | 0.01% |
3,904,226
+94,799
| +2% | +$1.35M |
|
|
PRFT
1145
DELISTED
Perficient Inc
PRFT
| $45.5M | 0.01% |
700,391
+20,276
| +3% | +$1.69M |
|
1146
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$4.84B
| $45.5M | 0.01% |
1,521,090
+25,971
| +2% | +$969K |
|
1147
Chegg
CHGG
$110M
| $45.5M | 0.01% |
2,159,100
+2,056
| +0.1% | +$42.6K |
|
1148
Silgan Holdings
SLGN
$4.23B
| $45.5M | 0.01% |
1,081,502
-78,116
| -7% | -$3.44M |
|
1149
Herc Holdings
HRI
$5.02B
| $45.4M | 0.01% |
437,100
+11,082
| +3% | +$1.23M |
|
1150
White Mountains Insurance
WTM
$5.2B
| $45.4M | 0.01% |
34,805
-2,733
| -7% | -$3.54M |
|
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.