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 | |
|---|---|---|---|---|---|---|
1376
Axos Financial
AX
$5.77B
| $33.4M | 0.01% |
977,083
+11,869
| +1% | +$480K |
|
1377
Progress Software
PRGS
$1.66B
| $33.4M | 0.01% |
784,423
+6,127
| +0.8% | +$283K |
|
1378
New Fortress Energy
NFE
$92.1M
| $33.3M | 0.01% |
762,498
+60,243
| +9% | +$3.02M |
|
1379
Brady Corp
BRC
$4.44B
| $33.3M | 0.01% |
796,943
-10,995
| -1% | -$507K |
|
1380
Kadant
KAI
$3.63B
| $33.2M | 0.01% |
199,136
+3,375
| +2% | +$628K |
|
1381
ESCO Technologies
ESE
$8.17B
| $33.2M | 0.01% |
452,235
+4,811
| +1% | +$373K |
|
1382
Towne Bank
TOWN
$3.46B
| $33.2M | 0.01% |
1,237,739
+22,357
| +2% | +$642K |
|
1383
United Parks & Resorts
PRKS
$2.1B
| $33.2M | 0.01% |
729,494
-70,333
| -9% | -$3.5M |
|
|
CWEN.A
1384
DELISTED
Clearway Energy Class A
CWEN.A
| $33M | 0.01% |
1,134,687
-7,144
| -0.6% | -$242K |
|
1385
Stem
STEM
$48.4M
| $33M | 0.01% |
123,683
+6,676
| +6% | +$1.71M |
|
1386
Installed Building Products
IBP
$6.01B
| $33M | 0.01% |
407,153
+7,238
| +2% | +$670K |
|
1387
Delek US
DK
$4.16B
| $32.9M | 0.01% |
1,212,016
+15,951
| +1% | +$421K |
|
|
FOCS
1388
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $32.8M | 0.01% |
1,041,788
+31,266
| +3% | +$1.19M |
|
1389
Lakeland Financial Corp
LKFN
$1.56B
| $32.8M | 0.01% |
450,215
+9,344
| +2% | +$696K |
|
1390
PagerDuty
PD
$816M
| $32.8M | 0.01% |
1,420,279
+55,015
| +4% | +$1.42M |
|
1391
Carter's
CRI
$1.42B
| $32.8M | 0.01% |
499,951
-20,286
| -4% | -$1.55M |
|
1392
RLJ Lodging Trust
RLJ
$1.86B
| $32.7M | 0.01% |
3,227,509
-86,952
| -3% | -$1.04M |
|
1393
AtriCure
ATRC
$1.92B
| $32.6M | 0.01% |
834,606
+14,273
| +2% | +$653K |
|
1394
Cameco
CCJ
$37.6B
| $32.6M | ﹤0.01% |
1,228,704
+87,942
| +8% | +$2.25M |
|
1395
Imperial Oil
IMO
$62.7B
| $32.5M | ﹤0.01% |
744,765
+76,519
| +11% | +$3.49M |
|
1396
Liberty Energy
LBRT
$3.05B
| $32.5M | ﹤0.01% |
2,561,071
+466,046
| +22% | +$6.29M |
|
|
HTLF
1397
DELISTED
Heartland Financial USA, Inc.
HTLF
| $32.4M | ﹤0.01% |
746,547
-43,953
| -6% | -$1.95M |
|
1398
Xometry
XMTR
$4.74B
| $32.4M | ﹤0.01% |
569,877
+179,788
| +46% | +$8.4M |
|
|
EVOP
1399
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $32.2M | ﹤0.01% |
967,085
+15,923
| +2% | +$492K |
|
1400
Supernus Pharmaceuticals
SUPN
$2.59B
| $32.1M | ﹤0.01% |
948,910
+9,769
| +1% | +$318K |
|
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.