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 | |
|---|---|---|---|---|---|---|
1126
Vishay Intertechnology
VSH
$5.43B
| $51.6M | 0.01% |
2,394,266
+49,718
| +2% | +$1.05M |
|
|
JBTM
1127
JBT Marel
JBTM
$6.39B
| $51.6M | 0.01% |
564,807
+21,752
| +4% | +$1.99M |
|
1128
Lumentum
LITE
$69.3B
| $51.5M | 0.01% |
987,338
+2,906
| +0.3% | +$179K |
|
1129
Teladoc Health
TDOC
$1.3B
| $51.3M | 0.01% |
2,169,548
+72,396
| +3% | +$1.95M |
|
|
AAWW
1130
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $51.3M | 0.01% |
508,826
+12,679
| +3% | +$1.27M |
|
1131
Kosmos Energy
KOS
$1.48B
| $51.2M | 0.01% |
8,057,417
+308,467
| +4% | +$1.93M |
|
1132
Credit Acceptance
CACC
$6.08B
| $51M | 0.01% |
107,600
-17,857
| -14% | -$8.19M |
|
1133
Papa John's
PZZA
$806M
| $51M | 0.01% |
619,650
+21,875
| +4% | +$1.72M |
|
|
BECN
1134
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $50.9M | 0.01% |
964,499
+29,895
| +3% | +$1.69M |
|
1135
Zurn Elkay Water Solutions
ZWS
$8.53B
| $50.8M | 0.01% |
2,404,235
+91,350
| +4% | +$2.16M |
|
1136
Rithm Capital
RITM
$5.69B
| $50.7M | 0.01% |
6,209,093
+177,461
| +3% | +$1.48M |
|
1137
PTC Therapeutics
PTCT
$6.12B
| $50.6M | 0.01% |
1,326,624
+47,426
| +4% | +$1.97M |
|
1138
TechnipFMC
FTI
$27.3B
| $50.6M | 0.01% |
4,152,319
+82,665
| +2% | +$925K |
|
1139
Atlantic Union Bankshares
AUB
$5.97B
| $50.6M | 0.01% |
1,440,218
+57,037
| +4% | +$1.95M |
|
|
CALY
1140
Callaway Golf Company
CALY
$3.14B
| $50.6M | 0.01% |
2,559,653
+102,987
| +4% | +$2.03M |
|
1141
Blackbaud
BLKB
$2.08B
| $50.5M | 0.01% |
857,157
+27,968
| +3% | +$1.57M |
|
1142
Blue Owl Capital
OWL
$18.5B
| $50.3M | 0.01% |
4,741,733
+281,868
| +6% | +$2.98M |
|
1143
Clarivate
CLVT
$1.16B
| $50.2M | 0.01% |
6,026,312
+164,936
| +3% | +$1.55M |
|
1144
Marqeta
MQ
$1.66B
| $50M | 0.01% |
2,045,588
+174,187
| +9% | +$4.76M |
|
1145
Helen of Troy
HELE
$693M
| $50M | 0.01% |
450,554
+18,927
| +4% | +$1.84M |
|
1146
Insmed
INSM
$28.6B
| $49.9M | 0.01% |
2,496,389
+352,106
| +16% | +$6.81M |
|
1147
Lyft
LYFT
$6.63B
| $49.9M | 0.01% |
4,524,165
+316,157
| +8% | +$3.81M |
|
1148
Macerich
MAC
$6.92B
| $49.8M | 0.01% |
4,423,920
+145,427
| +3% | +$1.64M |
|
1149
TriNet
TNET
$3.14B
| $49.7M | 0.01% |
733,329
+5,972
| +0.8% | +$412K |
|
1150
HUB Group
HUBG
$2.92B
| $49.7M | 0.01% |
1,249,874
+1,718
| +0.1% | +$67.1K |
|
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.