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 | |
|---|---|---|---|---|---|---|
1326
Coca-Cola Consolidated
COKE
$12.5B
| $36M | 0.01% |
874,720
+22,160
| +3% | +$1.09M |
|
|
SAVE
1327
DELISTED
Spirit Airlines, Inc.
SAVE
| $36M | 0.01% |
1,912,240
+26,554
| +1% | +$623K |
|
1328
Twist Bioscience
TWST
$5.7B
| $36M | 0.01% |
1,020,998
+17,813
| +2% | +$756K |
|
1329
10x Genomics
TXG
$6B
| $35.8M | 0.01% |
1,257,910
+38,393
| +3% | +$1.46M |
|
1330
Axcelis
ACLS
$4.01B
| $35.8M | 0.01% |
591,356
+8,051
| +1% | +$520K |
|
1331
Stock Yards Bancorp
SYBT
$2.64B
| $35.8M | 0.01% |
526,364
+29,664
| +6% | +$1.98M |
|
|
SJR
1332
DELISTED
Shaw Communications Inc.
SJR
| $35.8M | 0.01% |
1,475,348
+88,430
| +6% | +$2.34M |
|
1333
AppFolio
APPF
$6.38B
| $35.7M | 0.01% |
340,839
-2,770
| -0.8% | -$282K |
|
|
KW
1334
DELISTED
Kennedy-Wilson Holdings
KW
| $35.7M | 0.01% |
2,306,649
-6,243
| -0.3% | -$117K |
|
1335
Moog Inc Class A
MOG.A
$12.4B
| $35.6M | 0.01% |
505,735
+7,215
| +1% | +$575K |
|
1336
J&J Snack Foods
JJSF
$1.43B
| $35.5M | 0.01% |
274,571
-28,947
| -10% | -$4.11M |
|
|
LSXMA
1337
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $35.5M | 0.01% |
1,271,399
-8,559
| -0.7% | -$253K |
|
|
DNB
1338
DELISTED
Dun & Bradstreet
DNB
| $35.3M | 0.01% |
2,849,776
+566,128
| +25% | +$8.4M |
|
1339
United Natural Foods
UNFI
$3.08B
| $35.2M | 0.01% |
1,024,013
+17,349
| +2% | +$739K |
|
|
ROIC
1340
DELISTED
Retail Opportunity Investments Corp.
ROIC
| $35.1M | 0.01% |
2,552,092
+850
| +0% | +$14K |
|
1341
Qiagen
QGEN
$8.54B
| $35.1M | 0.01% |
801,397
+19,528
| +2% | +$965K |
|
1342
Terex
TEX
$7.18B
| $35.1M | 0.01% |
1,179,012
-10,775
| -0.9% | -$352K |
|
1343
Itron
ITRI
$4.36B
| $35.1M | 0.01% |
832,439
+4,900
| +0.6% | +$244K |
|
1344
Telus
TU
$14.9B
| $35M | 0.01% |
1,682,585
+155,605
| +10% | +$3.47M |
|
1345
ICF International
ICFI
$1.46B
| $35M | 0.01% |
320,938
+3,945
| +1% | +$397K |
|
1346
Stepan Co
SCL
$1.46B
| $34.9M | 0.01% |
372,910
+4,555
| +1% | +$474K |
|
1347
CareTrust REIT
CTRE
$9.91B
| $34.9M | 0.01% |
1,927,887
-29,924
| -2% | -$610K |
|
1348
nCino
NCNO
$2.02B
| $34.8M | 0.01% |
1,019,273
+212,792
| +26% | +$7.17M |
|
1349
Cushman & Wakefield Ltd
CWK
$3.14B
| $34.7M | 0.01% |
3,033,678
+95,464
| +3% | +$1.44M |
|
1350
Relay Therapeutics
RLAY
$4.1B
| $34.7M | 0.01% |
1,550,975
+124,251
| +9% | +$2.73M |
|
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.