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 | |
|---|---|---|---|---|---|---|
1251
Rush Enterprises Class A
RUSHA
$6.2B
| $39.6M | 0.01% |
1,355,275
+38,242
| +3% | +$1.23M |
|
1252
FormFactor
FORM
$8.28B
| $39.6M | 0.01% |
1,580,512
+210,197
| +15% | +$6.82M |
|
1253
Cactus
WHD
$5.21B
| $39.5M | 0.01% |
1,028,872
+29,417
| +3% | +$1.18M |
|
1254
Verra Mobility
VRRM
$804M
| $39.5M | 0.01% |
2,570,828
+129,000
| +5% | +$2.09M |
|
1255
Bank of Hawaii
BOH
$3.15B
| $39.5M | 0.01% |
518,386
+8,266
| +2% | +$650K |
|
1256
DigitalOcean
DOCN
$13.7B
| $39.4M | 0.01% |
1,089,341
+336,741
| +45% | +$14.2M |
|
1257
Trupanion
TRUP
$1.07B
| $39.4M | 0.01% |
662,876
+15,064
| +2% | +$1.01M |
|
|
ESGR
1258
DELISTED
Enstar Group
ESGR
| $39.3M | 0.01% |
232,029
+11,326
| +5% | +$2.21M |
|
|
SEM
1259
DELISTED
Select Medical
SEM
| $39.3M | 0.01% |
3,304,187
-19,298
| -0.6% | -$274K |
|
1260
Arvinas
ARVN
$518M
| $39.3M | 0.01% |
884,125
+62,993
| +8% | +$3.06M |
|
|
NOVA
1261
DELISTED
Sunnova Energy
NOVA
| $39.3M | 0.01% |
1,778,370
+71,987
| +4% | +$1.75M |
|
1262
Alight
ALIT
$447M
| $39.2M | 0.01% |
267,611
+11,745
| +5% | +$1.81M |
|
1263
Brink's
BCO
$4.88B
| $39.2M | 0.01% |
809,749
+8,912
| +1% | +$496K |
|
1264
Weatherford International
WFRD
$6.29B
| $39.1M | 0.01% |
1,212,269
+9,691
| +0.8% | +$242K |
|
1265
Warner Music
WMG
$13.5B
| $39.1M | 0.01% |
1,682,842
+97,039
| +6% | +$2.67M |
|
1266
Evertec
EVTC
$1.88B
| $39M | 0.01% |
1,243,236
+94,803
| +8% | +$3.33M |
|
|
VRNT
1267
DELISTED
Verint Systems
VRNT
| $39M | 0.01% |
1,160,240
+16,592
| +1% | +$723K |
|
1268
Boston Beer
SAM
$1.91B
| $38.9M | 0.01% |
120,342
+2,329
| +2% | +$806K |
|
|
WWE
1269
DELISTED
World Wrestling Entertainment
WWE
| $38.7M | 0.01% |
551,322
+5,810
| +1% | +$396K |
|
1270
Hecla Mining
HL
$9.47B
| $38.6M | 0.01% |
9,806,297
+504,265
| +5% | +$2.05M |
|
1271
Ingevity
NGVT
$2.51B
| $38.6M | 0.01% |
636,431
-23,970
| -4% | -$1.61M |
|
1272
Park Hotels & Resorts
PK
$3.03B
| $38.6M | 0.01% |
3,423,727
-179,067
| -5% | -$2.55M |
|
1273
Prothena Corp
PRTA
$425M
| $38.5M | 0.01% |
635,724
+4,044
| +0.6% | +$128K |
|
1274
Semtech
SMTC
$11B
| $38.5M | 0.01% |
1,308,196
+27,420
| +2% | +$1.28M |
|
1275
Federal Signal
FSS
$7.63B
| $38.4M | 0.01% |
1,029,499
+16,556
| +2% | +$650K |
|
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.