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 | |
|---|---|---|---|---|---|---|
|
CYBR
1226
DELISTED
CyberArk
CYBR
| $41.2M | 0.01% |
274,892
+15,213
| +6% | +$2.17M |
|
1227
CONMED
CNMD
$1.39B
| $41.1M | 0.01% |
512,711
+26,788
| +6% | +$2.53M |
|
1228
Flowserve
FLS
$9.71B
| $41.1M | 0.01% |
1,690,989
+19,037
| +1% | +$576K |
|
1229
Cogent Communications
CCOI
$676M
| $41M | 0.01% |
785,877
+15,221
| +2% | +$877K |
|
1230
EPR Properties
EPR
$4.76B
| $41M | 0.01% |
1,142,836
-7,095
| -0.6% | -$335K |
|
|
IBTX
1231
DELISTED
Independent Bank Group, Inc.
IBTX
| $40.9M | 0.01% |
666,966
-685
| -0.1% | -$47.3K |
|
|
CVET
1232
DELISTED
Covetrus, Inc. Common Stock
CVET
| $40.9M | 0.01% |
1,959,995
+30,899
| +2% | +$643K |
|
|
SI
1233
DELISTED
Silvergate Capital Corporation
SI
| $40.9M | 0.01% |
542,992
+11,689
| +2% | +$995K |
|
|
AL
1234
DELISTED
Air Lease Corp
AL
| $40.9M | 0.01% |
1,319,129
-3,446
| -0.3% | -$123K |
|
1235
Procore
PCOR
$8.26B
| $40.8M | 0.01% |
824,020
+583,363
| +242% | +$31.4M |
|
1236
SITE Centers
SITC
$225M
| $40.7M | 0.01% |
4,872,385
+86,857
| +2% | +$909K |
|
1237
Dorman Products
DORM
$3.98B
| $40.6M | 0.01% |
494,769
+8,780
| +2% | +$865K |
|
|
NEWR
1238
DELISTED
New Relic, Inc.
NEWR
| $40.6M | 0.01% |
706,812
-5,262
| -0.7% | -$316K |
|
1239
Grocery Outlet
GO
$909M
| $40.4M | 0.01% |
1,214,330
+13,435
| +1% | +$546K |
|
|
AIMC
1240
DELISTED
Altra Industrial Motion Corp
AIMC
| $40.4M | 0.01% |
1,201,748
+19,459
| +2% | +$744K |
|
|
WIRE
1241
DELISTED
Encore Wire Corp
WIRE
| $40.4M | 0.01% |
349,243
-6,589
| -2% | -$802K |
|
1242
PVH
PVH
$4B
| $40.3M | 0.01% |
899,489
-451,108
| -33% | -$26.8M |
|
1243
Penske Automotive Group
PAG
$14.3B
| $40.3M | 0.01% |
409,077
-28,096
| -6% | -$3.13M |
|
1244
Yelp
YELP
$1.45B
| $40.2M | 0.01% |
1,185,987
+49,732
| +4% | +$1.65M |
|
1245
RingCentral
RNG
$4.66B
| $40.2M | 0.01% |
1,006,047
-42,862
| -4% | -$2.06M |
|
1246
Sunstone Hotel Investors
SHO
$2.19B
| $40.2M | 0.01% |
4,262,418
-57,968
| -1% | -$627K |
|
1247
Kosmos Energy
KOS
$1.6B
| $40.1M | 0.01% |
7,748,950
+59,183
| +0.8% | +$359K |
|
1248
Four Corners Property Trust
FCPT
$2.81B
| $40M | 0.01% |
1,654,252
+37,322
| +2% | +$1.02M |
|
1249
Applovin
APP
$133B
| $39.8M | 0.01% |
2,043,140
+733,490
| +56% | +$21.9M |
|
1250
Jackson Financial
JXN
$8.53B
| $39.8M | 0.01% |
1,433,329
+5,253
| +0.4% | +$155K |
|
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.