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 | |
|---|---|---|---|---|---|---|
1301
Cavco Industries
CVCO
$4.55B
| $40.3M | 0.01% |
178,039
+2,807
| +2% | +$623K |
|
1302
Ollie's Bargain Outlet
OLLI
$4.94B
| $40.2M | 0.01% |
859,236
+42,835
| +5% | +$2.31M |
|
1303
Gentherm
THRM
$1.27B
| $40.2M | 0.01% |
615,550
-60,869
| -9% | -$3.93M |
|
|
WWE
1304
DELISTED
World Wrestling Entertainment
WWE
| $40.1M | 0.01% |
584,842
+33,520
| +6% | +$2.53M |
|
1305
Minerals Technologies
MTX
$2.34B
| $40M | 0.01% |
659,458
+10,564
| +2% | +$599K |
|
1306
Energizer
ENR
$1.55B
| $39.8M | 0.01% |
1,187,746
+23,879
| +2% | +$734K |
|
1307
Agilon Health
AGL
$1.6B
| $39.8M | 0.01% |
98,749
+5,549
| +6% | +$2.6M |
|
|
NUVA
1308
DELISTED
NuVasive, Inc.
NUVA
| $39.8M | 0.01% |
966,072
+19,879
| +2% | +$805K |
|
1309
Sonos
SONO
$1.85B
| $39.8M | 0.01% |
2,356,750
+78,967
| +3% | +$1.29M |
|
1310
PagerDuty
PD
$902M
| $39.8M | 0.01% |
1,499,069
+78,790
| +6% | +$1.86M |
|
1311
BioCryst Pharmaceuticals
BCRX
$2.4B
| $39.8M | 0.01% |
3,466,550
+100,706
| +3% | +$1.26M |
|
1312
Rogers Corp
ROG
$2.4B
| $39.8M | 0.01% |
333,436
+10,257
| +3% | +$1.59M |
|
|
HTO
1313
H2O America
HTO
$2.62B
| $39.7M | 0.01% |
488,951
+10,457
| +2% | +$748K |
|
1314
Renasant Corp
RNST
$3.91B
| $39.6M | 0.01% |
1,054,602
+35,249
| +3% | +$1.33M |
|
|
ROIC
1315
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $39.6M | 0.01% |
2,636,871
+84,779
| +3% | +$1.24M |
|
1316
AeroVironment
AVAV
$9.45B
| $39.6M | 0.01% |
462,554
+17,155
| +4% | +$1.47M |
|
1317
Cracker Barrel
CBRL
$1.29B
| $39.6M | 0.01% |
417,976
+6,630
| +2% | +$691K |
|
1318
SentinelOne
S
$7.34B
| $39.6M | 0.01% |
2,713,905
+256,244
| +10% | +$4.74M |
|
1319
Towne Bank
TOWN
$3.42B
| $39.6M | 0.01% |
1,282,507
+44,768
| +4% | +$1.39M |
|
1320
Seacoast Banking Corp of Florida
SBCF
$3.35B
| $39.5M | 0.01% |
1,266,566
+142,383
| +13% | +$4.53M |
|
1321
Travel + Leisure Co
TNL
$4.7B
| $39.5M | 0.01% |
1,084,841
+11,535
| +1% | +$432K |
|
1322
Celldex Therapeutics
CLDX
$3.28B
| $39.4M | 0.01% |
883,535
+30,829
| +4% | +$1.1M |
|
|
ARNC
1323
DELISTED
Arconic Corporation
ARNC
| $39.4M | 0.01% |
1,860,388
+48,808
| +3% | +$1.02M |
|
|
AGR
1324
DELISTED
Avangrid, Inc.
AGR
| $39.3M | 0.01% |
913,887
+27,040
| +3% | +$1.12M |
|
|
AMED
1325
DELISTED
Amedisys
AMED
| $39.2M | 0.01% |
469,355
+22,394
| +5% | +$2.02M |
|
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.