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 | |
|---|---|---|---|---|---|---|
1401
Mercury Systems
MRCY
$5.83B
| $32.1M | ﹤0.01% |
791,120
+14,568
| +2% | +$763K |
|
|
CSW
1402
CSW Industrials
CSW
$5.2B
| $32.1M | ﹤0.01% |
267,961
-1,798
| -0.7% | -$220K |
|
1403
Minerals Technologies
MTX
$2.36B
| $32.1M | ﹤0.01% |
648,894
-5,072
| -0.8% | -$308K |
|
|
CERE
1404
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
| $32.1M | ﹤0.01% |
1,134,261
+81,971
| +8% | +$2.44M |
|
1405
Renasant Corp
RNST
$3.98B
| $31.9M | ﹤0.01% |
1,019,353
+14,560
| +1% | +$474K |
|
1406
PJT Partners
PJT
$4.3B
| $31.9M | ﹤0.01% |
476,688
+10,617
| +2% | +$744K |
|
1407
Wayfair
W
$11.2B
| $31.8M | ﹤0.01% |
978,477
-7,025
| -0.7% | -$371K |
|
1408
Northern Oil and Gas
NOG
$2.3B
| $31.8M | ﹤0.01% |
1,160,394
+53,890
| +5% | +$1.52M |
|
1409
e.l.f. Beauty
ELF
$4.89B
| $31.8M | ﹤0.01% |
845,094
+31,869
| +4% | +$1.15M |
|
|
LAZR
1410
DELISTED
Luminar Technologies
LAZR
| $31.8M | ﹤0.01% |
290,835
+13,891
| +5% | +$1.66M |
|
|
ACH
1411
Accendra Health
ACH
$237M
| $31.8M | ﹤0.01% |
1,318,334
+15,922
| +1% | +$491K |
|
1412
Sonos
SONO
$1.73B
| $31.7M | ﹤0.01% |
2,277,783
+30,905
| +1% | +$549K |
|
1413
Freshpet
FRPT
$2.93B
| $31.7M | ﹤0.01% |
631,987
+6,895
| +1% | +$325K |
|
|
RXDX
1414
DELISTED
Prometheus Biosciences, Inc. Common Stock
RXDX
| $31.7M | ﹤0.01% |
536,384
+172,329
| +47% | +$7.89M |
|
1415
Clearway Energy Class C
CWEN
$4.94B
| $31.6M | ﹤0.01% |
991,181
+66,633
| +7% | +$2.45M |
|
1416
TripAdvisor
TRIP
$1.65B
| $31.5M | ﹤0.01% |
1,427,608
+41,687
| +3% | +$934K |
|
1417
Diamondrock Hospitality Co
DRH
$2.71B
| $31.5M | ﹤0.01% |
4,195,889
-14,911
| -0.4% | -$131K |
|
1418
Park National Corp
PRK
$3.76B
| $31.5M | ﹤0.01% |
252,909
+4,594
| +2% | +$595K |
|
1419
MP Materials
MP
$7.36B
| $31.5M | ﹤0.01% |
1,152,149
+176,981
| +18% | +$5.78M |
|
1420
NMI Holdings
NMIH
$3.33B
| $31.5M | ﹤0.01% |
1,544,072
-17,896
| -1% | -$356K |
|
|
XHR
1421
Xenia Hotels & Resorts
XHR
$1.9B
| $31.4M | ﹤0.01% |
2,279,185
+2,399
| +0.1% | +$38.3K |
|
1422
Ginkgo Bioworks
DNA
$528M
| $31.4M | ﹤0.01% |
251,752
-48,767
| -16% | -$5.81M |
|
|
MDRX
1423
DELISTED
Veradigm Inc. Common Stock
MDRX
| $31.4M | ﹤0.01% |
2,059,686
-112,960
| -5% | -$1.83M |
|
|
HBI
1424
DELISTED
Hanesbrands
HBI
| $31.4M | ﹤0.01% |
4,504,871
-146,653
| -3% | -$1.44M |
|
1425
Q2 Holdings
QTWO
$3.8B
| $31.2M | ﹤0.01% |
970,015
+17,283
| +2% | +$704K |
|
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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.