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 | |
|---|---|---|---|---|---|---|
1151
Meritage Homes
MTH
$4.58B
| $45.3M | 0.01% |
1,290,470
+20,430
| +2% | +$827K |
|
1152
Super Micro Computer
SMCI
$18.4B
| $45.3M | 0.01% |
8,229,450
+207,660
| +3% | +$1.18M |
|
1153
ABM Industries
ABM
$2.81B
| $45.1M | 0.01% |
1,178,699
+14,701
| +1% | +$644K |
|
1154
Group 1 Automotive
GPI
$3.42B
| $45M | 0.01% |
315,256
-12,237
| -4% | -$2.1M |
|
1155
First Bancorp
FBP
$4.42B
| $45M | 0.01% |
3,288,431
-153,639
| -4% | -$2.23M |
|
|
FL
1156
DELISTED
Foot Locker
FL
| $44.7M | 0.01% |
1,437,480
-31,528
| -2% | -$1.01M |
|
1157
Rapid7
RPD
$645M
| $44.7M | 0.01% |
1,042,697
+25,083
| +2% | +$1.55M |
|
1158
Walker & Dunlop
WD
$1.71B
| $44.6M | 0.01% |
532,498
+14,447
| +3% | +$1.47M |
|
|
HI
1159
DELISTED
Hillenbrand
HI
| $44.3M | 0.01% |
1,206,755
-31,150
| -3% | -$1.31M |
|
1160
Neogen
NEOG
$2.63B
| $44.3M | 0.01% |
3,167,639
+997,763
| +46% | +$20.1M |
|
1161
Rithm Capital
RITM
$5.52B
| $44.2M | 0.01% |
6,031,632
+32,463
| +0.5% | +$309K |
|
1162
Array Technologies
ARRY
$803M
| $44.1M | 0.01% |
2,658,720
+120,235
| +5% | +$2.08M |
|
1163
LCI Industries
LCII
$2.49B
| $43.8M | 0.01% |
431,306
+7,719
| +2% | +$938K |
|
1164
Rogers Communications
RCI
$18.3B
| $43.7M | 0.01% |
1,134,126
+90,436
| +9% | +$4M |
|
1165
Azenta
AZTA
$1.3B
| $43.7M | 0.01% |
1,020,469
+5,235
| +0.5% | +$313K |
|
1166
Forward Air
FWRD
$444M
| $43.7M | 0.01% |
484,103
+6,380
| +1% | +$626K |
|
1167
Wendy's
WEN
$1.4B
| $43.7M | 0.01% |
2,337,783
+4,950
| +0.2% | +$99.7K |
|
1168
Korn Ferry
KFY
$4.18B
| $43.7M | 0.01% |
930,582
+25,134
| +3% | +$1.48M |
|
1169
Plexus
PLXS
$6.72B
| $43.6M | 0.01% |
498,213
+7,314
| +1% | +$652K |
|
1170
Prestige Consumer Healthcare
PBH
$2.38B
| $43.6M | 0.01% |
874,915
+2,855
| +0.3% | +$158K |
|
1171
Pacira BioSciences
PCRX
$1.04B
| $43.6M | 0.01% |
819,330
+22,177
| +3% | +$1.23M |
|
1172
Hamilton Lane
HLNE
$4.91B
| $43.6M | 0.01% |
731,013
+24,265
| +3% | +$1.71M |
|
1173
Moelis & Co
MC
$4.97B
| $43.5M | 0.01% |
1,285,930
+45,001
| +4% | +$1.88M |
|
1174
ACI Worldwide
ACIW
$5.83B
| $43.4M | 0.01% |
2,076,127
+16,647
| +0.8% | +$414K |
|
1175
Highwoods Properties
HIW
$3.65B
| $43.4M | 0.01% |
1,608,582
-10,063
| -0.6% | -$325K |
|
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.