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 | |
|---|---|---|---|---|---|---|
1326
Cushman & Wakefield Ltd
CWK
$3.25B
| $39.2M | 0.01% |
3,142,674
+108,996
| +4% | +$1.26M |
|
1327
Shift4
FOUR
$3.26B
| $39.1M | 0.01% |
699,756
+53,283
| +8% | +$2.52M |
|
1328
Cal-Maine
CALM
$3.99B
| $39.1M | 0.01% |
718,692
+29,161
| +4% | +$1.69M |
|
|
VSXY
1329
Victoria's Secret
VSXY
$7.83B
| $39.1M | 0.01% |
1,093,150
+47,612
| +5% | +$1.89M |
|
1330
Axos Financial
AX
$5.68B
| $39.1M | 0.01% |
1,022,943
+45,860
| +5% | +$1.75M |
|
|
PACW
1331
DELISTED
PacWest Bancorp
PACW
| $38.8M | 0.01% |
1,690,842
+61,343
| +4% | +$1.49M |
|
1332
Guardant Health
GH
$22.6B
| $38.6M | 0.01% |
1,420,700
+75,509
| +6% | +$3.46M |
|
1333
Alpha Metallurgical Resources
AMR
$1.93B
| $38.6M | 0.01% |
263,969
-12,916
| -5% | -$2.04M |
|
|
SAVE
1334
DELISTED
Spirit Airlines, Inc.
SAVE
| $38.5M | 0.01% |
1,975,699
+63,459
| +3% | +$1.3M |
|
1335
AtriCure
ATRC
$2.11B
| $38.4M | 0.01% |
866,069
+31,463
| +4% | +$1.31M |
|
|
SAGE
1336
DELISTED
Sage Therapeutics
SAGE
| $38.4M | 0.01% |
1,007,430
+43,476
| +5% | +$1.66M |
|
1337
Carter's
CRI
$1.47B
| $38.4M | 0.01% |
514,732
+14,781
| +3% | +$1.06M |
|
1338
United Parks & Resorts
PRKS
$2.12B
| $38.3M | 0.01% |
716,357
-13,137
| -2% | -$704K |
|
1339
Artisan Partners
APAM
$3.02B
| $38.3M | 0.01% |
1,289,409
+10,421
| +0.8% | +$320K |
|
1340
Hertz
HTZ
$809M
| $38M | 0.01% |
2,470,789
-97,168
| -4% | -$1.64M |
|
1341
ASML
ASML
$669B
| $38M | 0.01% |
69,537
+1,170
| +2% | +$613K |
|
|
CERE
1342
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $38M | 0.01% |
1,204,108
+69,847
| +6% | +$1.97M |
|
1343
Semtech
SMTC
$13B
| $37.9M | 0.01% |
1,319,529
+11,333
| +0.9% | +$321K |
|
|
LSXMA
1344
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
| $37.8M | 0.01% |
1,309,892
+38,493
| +3% | +$1.17M |
|
1345
Chesapeake Utilities
CPK
$3.21B
| $37.7M | 0.01% |
318,927
+6,385
| +2% | +$750K |
|
1346
Sabre
SABR
$835M
| $37.7M | 0.01% |
6,096,600
+47,403
| +0.8% | +$265K |
|
1347
Piper Sandler
PIPR
$5.29B
| $37.6M | 0.01% |
1,156,168
+68,532
| +6% | +$2.24M |
|
|
KW
1348
DELISTED
Kennedy-Wilson Holdings
KW
| $37.6M | 0.01% |
2,389,760
+83,111
| +4% | +$1.34M |
|
1349
Rapid7
RPD
$773M
| $37.6M | 0.01% |
1,105,729
+63,032
| +6% | +$2.25M |
|
1350
Grocery Outlet
GO
$980M
| $37.5M | 0.01% |
1,284,560
+70,230
| +6% | +$2.2M |
|
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.