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 | |
|---|---|---|---|---|---|---|
1401
Revolution Medicines
RVMD
$44B
| $34.5M | ﹤0.01% |
1,446,856
+68,304
| +5% | +$1.45M |
|
1402
Clearway Energy Class C
CWEN
$6.7B
| $34.4M | ﹤0.01% |
1,078,552
+87,371
| +9% | +$2.94M |
|
1403
Enterprise Financial Services Corp
EFSC
$2.39B
| $34.2M | ﹤0.01% |
698,074
+20,560
| +3% | +$1.02M |
|
|
TPH
1404
DELISTED
Tri Pointe Homes
TPH
| $34.2M | ﹤0.01% |
1,838,489
+47,935
| +3% | +$833K |
|
1405
Lakeland Financial Corp
LKFN
$1.53B
| $34.1M | ﹤0.01% |
467,827
+17,612
| +4% | +$1.35M |
|
1406
Viasat
VSAT
$11.1B
| $34.1M | ﹤0.01% |
1,078,325
+51,864
| +5% | +$1.81M |
|
1407
Pacific Biosciences
PACB
$370M
| $34.1M | ﹤0.01% |
4,169,610
+140,672
| +3% | +$1.21M |
|
1408
Bumble
BMBL
$373M
| $34M | ﹤0.01% |
1,616,696
+49,755
| +3% | +$1.14M |
|
1409
Wayfair
W
$14.6B
| $34M | ﹤0.01% |
1,034,798
+56,321
| +6% | +$1.97M |
|
1410
Strategic Education
STRA
$1.92B
| $34M | ﹤0.01% |
433,512
+10,649
| +3% | +$789K |
|
|
EDR
1411
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $33.9M | ﹤0.01% |
1,505,963
+56,135
| +4% | +$1.2M |
|
1412
Navient
NAVI
$853M
| $33.9M | ﹤0.01% |
2,061,730
-38,479
| -2% | -$609K |
|
1413
Brookfield Infrastructure
BIPC
$4.85B
| $33.7M | ﹤0.01% |
867,426
+33,330
| +4% | +$1.42M |
|
1414
Urban Edge Properties
UE
$2.73B
| $33.6M | ﹤0.01% |
2,386,611
+81,942
| +4% | +$1.18M |
|
1415
Telus
TU
$15.3B
| $33.6M | ﹤0.01% |
1,670,782
-11,803
| -0.7% | -$244K |
|
|
OSH
1416
DELISTED
Oak Street Health, Inc.
OSH
| $33.6M | ﹤0.01% |
1,562,174
+70,262
| +5% | +$1.47M |
|
|
CWEN.A
1417
DELISTED
Clearway Energy Class A
CWEN.A
| $33.5M | ﹤0.01% |
1,120,152
-14,535
| -1% | -$454K |
|
1418
Greif
GEF
$5.04B
| $33.5M | ﹤0.01% |
499,179
+8,577
| +2% | +$578K |
|
1419
Interparfums
IPAR
$3.94B
| $33.4M | ﹤0.01% |
346,229
+11,548
| +3% | +$1M |
|
1420
Ameresco
AMRC
$1.36B
| $33.4M | ﹤0.01% |
584,516
+23,272
| +4% | +$1.42M |
|
1421
Clear Secure
YOU
$5.28B
| $33.4M | ﹤0.01% |
1,216,757
+101,628
| +9% | +$2.8M |
|
1422
Yelp
YELP
$1.41B
| $33.4M | ﹤0.01% |
1,220,275
+34,288
| +3% | +$1.09M |
|
|
NOVA
1423
DELISTED
Sunnova Energy
NOVA
| $33.3M | ﹤0.01% |
1,850,603
+72,233
| +4% | +$1.45M |
|
1424
Delek US
DK
$3.58B
| $33.3M | ﹤0.01% |
1,234,347
+22,331
| +2% | +$659K |
|
|
CPE
1425
DELISTED
Callon Petroleum Company
CPE
| $33.3M | ﹤0.01% |
896,503
+33,621
| +4% | +$1.38M |
|
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.