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 | |
|---|---|---|---|---|---|---|
1176
Commault Systems
CVLT
$4.88B
| $43.3M | 0.01% |
817,155
+14,074
| +2% | +$798K |
|
|
AMED
1177
DELISTED
Amedisys
AMED
| $43.3M | 0.01% |
446,961
+6,667
| +2% | +$795K |
|
1178
Grand Canyon Education
LOPE
$3.79B
| $43.3M | 0.01% |
525,856
-12,800
| -2% | -$1.11M |
|
1179
MGE Energy Inc
MGEE
$3B
| $43.2M | 0.01% |
658,523
+6,137
| +0.9% | +$481K |
|
1180
Brighthouse Financial
BHF
$3.56B
| $43.2M | 0.01% |
994,384
-38,542
| -4% | -$1.75M |
|
1181
Outfront Media
OUT
$5.61B
| $43.1M | 0.01% |
2,884,111
+33,912
| +1% | +$598K |
|
1182
HUB Group
HUBG
$2.85B
| $43M | 0.01% |
1,248,156
+10,176
| +0.8% | +$389K |
|
1183
Spotify
SPOT
$103B
| $43M | 0.01% |
498,186
+21,465
| +5% | +$2.3M |
|
1184
International Bancshares
IBOC
$4.76B
| $43M | 0.01% |
1,010,642
-23,110
| -2% | -$986K |
|
1185
SPX Corp
SPXC
$11B
| $42.9M | 0.01% |
777,791
-1,785
| -0.2% | -$102K |
|
1186
Shoals Technologies Group
SHLS
$1.47B
| $42.9M | 0.01% |
1,991,297
-11,597
| -0.6% | -$259K |
|
1187
First Hawaiian
FHB
$3.38B
| $42.9M | 0.01% |
1,741,995
+25,897
| +2% | +$652K |
|
|
JHG
1188
DELISTED
Janus Henderson
JHG
| $42.9M | 0.01% |
2,111,429
-253,285
| -11% | -$6.12M |
|
|
CFLT
1189
DELISTED
Confluent
CFLT
| $42.8M | 0.01% |
1,802,031
+223,567
| +14% | +$6.02M |
|
1190
Integra LifeSciences
IART
$1.29B
| $42.7M | 0.01% |
1,008,351
+12,086
| +1% | +$619K |
|
1191
Werner Enterprises
WERN
$2.24B
| $42.7M | 0.01% |
1,134,439
+417
| +0% | +$17K |
|
1192
Aaon
AAON
$7.3B
| $42.6M | 0.01% |
1,186,481
+48,992
| +4% | +$1.89M |
|
1193
Maravai LifeSciences
MRVI
$969M
| $42.6M | 0.01% |
1,668,086
+38,486
| +2% | +$966K |
|
|
AYX
1194
DELISTED
Alteryx Inc
AYX
| $42.6M | 0.01% |
762,517
+19,098
| +3% | +$1.12M |
|
1195
Credicorp
BAP
$31.8B
| $42.6M | 0.01% |
347,615
+10,684
| +3% | +$1.37M |
|
1196
Bright Horizons
BFAM
$3.92B
| $42.5M | 0.01% |
737,906
-10,397
| -1% | -$791K |
|
1197
Glaukos
GKOS
$9.83B
| $42.5M | 0.01% |
798,770
+16,753
| +2% | +$865K |
|
1198
BioCryst Pharmaceuticals
BCRX
$2.28B
| $42.4M | 0.01% |
3,365,844
+83,687
| +3% | +$1.08M |
|
1199
MaxLinear
MXL
$6.06B
| $42.4M | 0.01% |
1,299,968
+33,006
| +3% | +$1.22M |
|
|
ENV
1200
DELISTED
ENVESTNET, INC.
ENV
| $42.3M | 0.01% |
952,094
+15,176
| +2% | +$810K |
|
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.