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 | |
|---|---|---|---|---|---|---|
1226
Steven Madden
SHOO
$3.55B
| $45M | 0.01% |
1,406,807
+35,028
| +3% | +$1.1M |
|
|
PRFT
1227
DELISTED
Perficient Inc
PRFT
| $44.9M | 0.01% |
643,202
-57,189
| -8% | -$3.94M |
|
1228
Four Corners Property Trust
FCPT
$2.75B
| $44.8M | 0.01% |
1,729,656
+75,404
| +5% | +$1.94M |
|
1229
Progyny
PGNY
$2.2B
| $44.8M | 0.01% |
1,437,290
+68,103
| +5% | +$2.46M |
|
1230
Madison Square Garden
MSGS
$9.39B
| $44.7M | 0.01% |
243,865
+18,510
| +8% | +$2.9M |
|
1231
Viavi Solutions
VIAV
$9.66B
| $44.5M | 0.01% |
4,233,185
+98,244
| +2% | +$1.18M |
|
1232
EPR Properties
EPR
$4.77B
| $44.4M | 0.01% |
1,178,209
+35,373
| +3% | +$1.38M |
|
1233
McGrath RentCorp
MGRC
$2.92B
| $44.4M | 0.01% |
450,075
+15,359
| +4% | +$1.44M |
|
1234
Extreme Networks
EXTR
$3.15B
| $44.4M | 0.01% |
2,424,123
+104,879
| +5% | +$1.84M |
|
|
ALTR
1235
DELISTED
Altair Engineering Inc
ALTR
| $44.4M | 0.01% |
975,822
+42,433
| +5% | +$1.98M |
|
1236
Brink's
BCO
$4.62B
| $44.1M | 0.01% |
821,606
+11,857
| +1% | +$687K |
|
1237
Choice Hotels
CHH
$4.8B
| $44.1M | 0.01% |
391,265
-147,513
| -27% | -$17.6M |
|
1238
Trinity Industries
TRN
$2.38B
| $43.9M | 0.01% |
1,482,983
+63,364
| +4% | +$1.77M |
|
1239
Evolent Health
EVH
$447M
| $43.8M | 0.01% |
1,561,077
+134,352
| +9% | +$3.85M |
|
1240
STAAR Surgical
STAA
$1.21B
| $43.8M | 0.01% |
901,966
+31,036
| +4% | +$1.95M |
|
1241
Impinj
PI
$5.6B
| $43.7M | 0.01% |
400,427
+18,784
| +5% | +$1.98M |
|
|
VRNT
1242
DELISTED
Verint Systems
VRNT
| $43.7M | 0.01% |
1,204,538
+44,298
| +4% | +$1.6M |
|
1243
Itron
ITRI
$4.54B
| $43.6M | 0.01% |
861,420
+28,981
| +3% | +$1.43M |
|
1244
Resideo Technologies
REZI
$3.95B
| $43.6M | 0.01% |
2,649,839
+95,734
| +4% | +$1.74M |
|
1245
First Financial Bancorp
FFBC
$3.53B
| $43.5M | 0.01% |
1,793,502
+53,040
| +3% | +$1.3M |
|
1246
Brady Corp
BRC
$4.57B
| $43.4M | 0.01% |
922,039
+125,096
| +16% | +$5.73M |
|
|
CNR
1247
Core Natural Resources Inc
CNR
$4.45B
| $43.3M | 0.01% |
666,210
+11,644
| +2% | +$786K |
|
1248
Walker & Dunlop
WD
$1.53B
| $43.3M | 0.01% |
551,292
+18,794
| +4% | +$1.58M |
|
1249
Prothena Corp
PRTA
$450M
| $43.1M | 0.01% |
715,601
+79,877
| +13% | +$4.68M |
|
1250
Matsons
MATX
$6.18B
| $43M | 0.01% |
687,658
+3,969
| +0.6% | +$262K |
|
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.