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 | |
|---|---|---|---|---|---|---|
1176
Magna International
MGA
$18.8B
| $47.9M | 0.01% |
857,814
-22,264
| -3% | -$1.25M |
|
1177
Yeti Holdings
YETI
$3.95B
| $47.9M | 0.01% |
1,158,422
-144,661
| -11% | -$5.43M |
|
|
WIRE
1178
DELISTED
Encore Wire Corp
WIRE
| $47.9M | 0.01% |
347,860
-1,383
| -0.4% | -$191K |
|
1179
AerCap
AER
$23.8B
| $47.8M | 0.01% |
823,533
-38,733
| -4% | -$2.14M |
|
1180
Korn Ferry
KFY
$4.28B
| $47.7M | 0.01% |
943,157
+12,575
| +1% | +$668K |
|
1181
Hamilton Lane
HLNE
$5.57B
| $47.7M | 0.01% |
747,168
+16,155
| +2% | +$1.07M |
|
1182
Bankunited
BKU
$3.36B
| $47.7M | 0.01% |
1,403,078
+30,075
| +2% | +$1.06M |
|
1183
Genworth Financial
GNW
$3.71B
| $47.6M | 0.01% |
9,001,232
+108,311
| +1% | +$510K |
|
|
ARCH
1184
DELISTED
Arch Resources, Inc.
ARCH
| $47.5M | 0.01% |
332,984
+44,192
| +15% | +$6.46M |
|
1185
Innospec
IOSP
$2.28B
| $47.4M | 0.01% |
461,223
+14,826
| +3% | +$1.51M |
|
1186
First Hawaiian
FHB
$3.35B
| $47.4M | 0.01% |
1,820,834
+78,839
| +5% | +$2.02M |
|
1187
Group 1 Automotive
GPI
$3.18B
| $47.3M | 0.01% |
262,464
-52,792
| -17% | -$9.29M |
|
1188
International Bancshares
IBOC
$4.57B
| $47.3M | 0.01% |
1,034,229
+23,587
| +2% | +$1.14M |
|
1189
Werner Enterprises
WERN
$2.25B
| $47.2M | 0.01% |
1,171,935
+37,496
| +3% | +$1.53M |
|
1190
Columbia Sportswear
COLM
$2.94B
| $47.1M | 0.01% |
537,544
+28,956
| +6% | +$2.33M |
|
1191
CONMED
CNMD
$1.47B
| $47.1M | 0.01% |
530,972
+18,261
| +4% | +$1.52M |
|
1192
Antero Midstream
AM
$10.1B
| $46.9M | 0.01% |
4,344,783
+202,846
| +5% | +$2.15M |
|
1193
Jackson Financial
JXN
$8.8B
| $46.9M | 0.01% |
1,347,237
-86,092
| -6% | -$2.99M |
|
1194
Qiagen
QGEN
$8.72B
| $46.8M | 0.01% |
885,497
+84,100
| +10% | +$4.15M |
|
1195
KB Home
KBH
$3.59B
| $46.8M | 0.01% |
1,468,748
+31,084
| +2% | +$926K |
|
1196
Teradata
TDC
$2.55B
| $46.8M | 0.01% |
1,389,403
+58,447
| +4% | +$1.88M |
|
1197
WIX.com
WIX
$2.52B
| $46.6M | 0.01% |
607,436
+22,249
| +4% | +$1.8M |
|
1198
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $46.5M | 0.01% |
1,606,148
+85,058
| +6% | +$2.48M |
|
1199
Cogent Communications
CCOI
$508M
| $46.5M | 0.01% |
815,212
+29,335
| +4% | +$1.61M |
|
1200
National Health Investors
NHI
$3.65B
| $46.5M | 0.01% |
889,919
+1,708
| +0.2% | +$93.6K |
|
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.