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 | |
|---|---|---|---|---|---|---|
|
GMS
1351
DELISTED
GMS Inc
GMS
| $37.5M | 0.01% |
752,733
+15,950
| +2% | +$765K |
|
1352
Park National Corp
PRK
$3.67B
| $37.5M | 0.01% |
266,241
+13,332
| +5% | +$1.88M |
|
1353
AppFolio
APPF
$7.04B
| $37.5M | 0.01% |
355,437
+14,598
| +4% | +$1.62M |
|
|
DNB
1354
DELISTED
Dun & Bradstreet
DNB
| $37.4M | 0.01% |
3,052,249
+202,473
| +7% | +$2.6M |
|
1355
Kontoor Brands
KTB
$4.26B
| $37.2M | 0.01% |
930,065
+39,359
| +4% | +$1.53M |
|
1356
RingCentral
RNG
$5.28B
| $37.2M | 0.01% |
1,049,946
+43,899
| +4% | +$1.57M |
|
1357
Vir Biotechnology
VIR
$1.49B
| $37.1M | 0.01% |
1,466,278
+50,049
| +4% | +$1.23M |
|
1358
Red Rock Resorts
RRR
$3.62B
| $37.1M | 0.01% |
927,107
+15,908
| +2% | +$653K |
|
1359
CareTrust REIT
CTRE
$9.74B
| $37M | 0.01% |
1,992,314
+64,427
| +3% | +$1.2M |
|
1360
Vipshop
VIPS
$7.53B
| $37M | 0.01% |
2,719,487
+17,631
| +0.7% | +$175K |
|
|
MDRX
1361
DELISTED
Veradigm Inc. Common Stock
MDRX
| $36.9M | 0.01% |
2,092,792
+33,106
| +2% | +$555K |
|
|
KNBE
1362
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
| $36.9M | 0.01% |
1,488,688
+103,145
| +7% | +$2.51M |
|
|
CSGS
1363
DELISTED
CSG Systems International
CSGS
| $36.8M | 0.01% |
644,151
-7,848
| -1% | -$461K |
|
1364
Tanger
SKT
$4.52B
| $36.7M | 0.01% |
2,046,123
+55,260
| +3% | +$992K |
|
1365
Northern Oil and Gas
NOG
$2.35B
| $36.7M | 0.01% |
1,190,324
+29,930
| +3% | +$1.01M |
|
1366
LGI Homes
LGIH
$1.4B
| $36.6M | 0.01% |
395,722
+14,885
| +4% | +$1.36M |
|
1367
Acadia Pharmaceuticals
ACAD
$5.03B
| $36.6M | 0.01% |
2,299,499
+78,348
| +4% | +$1.22M |
|
|
SILK
1368
DELISTED
Silk Road Medical, Inc. Common Stock
SILK
| $36.5M | 0.01% |
691,363
+71,345
| +12% | +$3.47M |
|
|
STR
1369
DELISTED
Sitio Royalties
STR
| $36.5M | 0.01% |
1,265,837
+1,049,819
| +486% | +$30.4M |
|
1370
Pebblebrook Hotel Trust
PEB
$2.05B
| $36.5M | 0.01% |
2,722,740
+101,333
| +4% | +$1.55M |
|
1371
Verra Mobility
VRRM
$744M
| $36.3M | 0.01% |
2,625,777
+54,949
| +2% | +$835K |
|
1372
Glaukos
GKOS
$10.6B
| $36.2M | 0.01% |
829,875
+31,105
| +4% | +$1.53M |
|
1373
Edgewell Personal Care
EPC
$1.31B
| $36.1M | 0.01% |
936,835
+29,660
| +3% | +$1.18M |
|
1374
Mercury Systems
MRCY
$6.52B
| $36.1M | 0.01% |
806,383
+15,263
| +2% | +$722K |
|
1375
Kennametal
KMT
$2.52B
| $36M | 0.01% |
1,496,152
+56,741
| +4% | +$1.41M |
|
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.