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 | |
|---|---|---|---|---|---|---|
1201
Highwoods Properties
HIW
$3.47B
| $46.4M | 0.01% |
1,659,706
+51,124
| +3% | +$1.42M |
|
1202
Coca-Cola Consolidated
COKE
$12.8B
| $46.4M | 0.01% |
905,480
+30,760
| +4% | +$1.47M |
|
|
PDCO
1203
DELISTED
Patterson Companies, Inc.
PDCO
| $46.4M | 0.01% |
1,654,473
+67,018
| +4% | +$1.85M |
|
1204
Alight
ALIT
$407M
| $46.4M | 0.01% |
277,352
+9,741
| +4% | +$1.62M |
|
1205
ICU Medical
ICUI
$4.61B
| $46.3M | 0.01% |
294,286
+14,720
| +5% | +$2.24M |
|
1206
Otter Tail
OTTR
$3.94B
| $46.2M | 0.01% |
787,689
+27,480
| +4% | +$1.65M |
|
1207
BOK Financial
BOKF
$8.74B
| $46.2M | 0.01% |
445,232
+17,561
| +4% | +$1.78M |
|
1208
Westlake Corp
WLK
$9.9B
| $46.2M | 0.01% |
451,000
+14,623
| +3% | +$1.47M |
|
1209
Moog Inc Class A
MOG.A
$12.8B
| $46M | 0.01% |
524,566
+18,831
| +4% | +$1.58M |
|
1210
First Merchants
FRME
$2.67B
| $46M | 0.01% |
1,119,569
+44,571
| +4% | +$1.88M |
|
1211
SL Green Realty
SLG
$3.99B
| $46M | 0.01% |
1,364,486
+39,694
| +3% | +$1.51M |
|
|
SEM
1212
DELISTED
Select Medical
SEM
| $45.8M | 0.01% |
3,427,026
+122,839
| +4% | +$1.59M |
|
|
THS
1213
DELISTED
Treehouse Foods
THS
| $45.8M | 0.01% |
928,053
+31,679
| +4% | +$1.51M |
|
1214
O-I Glass
OI
$1.08B
| $45.8M | 0.01% |
2,761,940
+84,354
| +3% | +$1.36M |
|
1215
Ingevity
NGVT
$2.68B
| $45.7M | 0.01% |
648,766
+12,335
| +2% | +$870K |
|
1216
Ryan Specialty Holdings
RYAN
$11B
| $45.6M | 0.01% |
1,099,125
+82,452
| +8% | +$3.37M |
|
1217
WD-40
WDFC
$3.15B
| $45.6M | 0.01% |
282,613
+2,307
| +0.8% | +$385K |
|
1218
MaxLinear
MXL
$6.8B
| $45.6M | 0.01% |
1,341,732
+41,764
| +3% | +$1.41M |
|
1219
Ultragenyx Pharmaceutical
RARE
$2.55B
| $45.5M | 0.01% |
983,030
+58,153
| +6% | +$2.29M |
|
1220
Columbia Banking Systems
COLB
$8.84B
| $45.4M | 0.01% |
1,507,790
+49,808
| +3% | +$1.58M |
|
1221
Albertsons Companies
ACI
$5.83B
| $45.2M | 0.01% |
2,179,538
+139,189
| +7% | +$3.06M |
|
1222
Beam Therapeutics
BEAM
$2.84B
| $45.1M | 0.01% |
1,152,940
+48,465
| +4% | +$2.17M |
|
1223
Penske Automotive Group
PAG
$14.2B
| $45.1M | 0.01% |
392,135
-16,942
| -4% | -$1.93M |
|
|
CFLT
1224
DELISTED
Confluent
CFLT
| $45.1M | 0.01% |
2,026,434
+224,403
| +12% | +$5.2M |
|
1225
Alarm.com
ALRM
$2.85B
| $45.1M | 0.01% |
910,533
+30,519
| +3% | +$1.68M |
|
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.