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 | |
|---|---|---|---|---|---|---|
1426
Spectrum Brands
SPB
$2.07B
| $33.2M | ﹤0.01% |
545,710
+27,203
| +5% | +$1.37M |
|
1427
ChargePoint
CHPT
$161M
| $33.2M | ﹤0.01% |
174,367
+12,878
| +8% | +$3.13M |
|
1428
NMI Holdings
NMIH
$3.36B
| $33.2M | ﹤0.01% |
1,587,668
+43,596
| +3% | +$913K |
|
1429
AstraZeneca
AZN
$250B
| $33.2M | ﹤0.01% |
244,563
+6,058
| +3% | +$760K |
|
1430
Trupanion
TRUP
$1.18B
| $33.2M | ﹤0.01% |
697,663
+34,787
| +5% | +$1.81M |
|
1431
Green Plains
GPRE
$1.03B
| $33.1M | ﹤0.01% |
1,083,972
+59,207
| +6% | +$1.82M |
|
1432
ICF International
ICFI
$1.72B
| $33M | ﹤0.01% |
333,305
+12,367
| +4% | +$1.35M |
|
1433
Sylvamo
SLVM
$1.63B
| $33M | ﹤0.01% |
679,355
+166
| +0% | +$7.97K |
|
1434
Northwest Bancshares
NWBI
$2.28B
| $33M | ﹤0.01% |
2,360,467
+94,565
| +4% | +$1.36M |
|
|
MDC
1435
DELISTED
M.D.C. Holdings, Inc.
MDC
| $32.9M | ﹤0.01% |
1,042,310
+40,336
| +4% | +$1.25M |
|
1436
Bloomin' Brands
BLMN
$938M
| $32.9M | ﹤0.01% |
1,635,893
+31,364
| +2% | +$679K |
|
|
VGR
1437
DELISTED
Vector Group Ltd.
VGR
| $32.9M | ﹤0.01% |
2,773,955
+15,485
| +0.6% | +$164K |
|
1438
InvenTrust Properties
IVT
$2.59B
| $32.8M | ﹤0.01% |
1,387,733
+52,070
| +4% | +$1.24M |
|
1439
Boot Barn
BOOT
$4.95B
| $32.8M | ﹤0.01% |
524,906
+15,237
| +3% | +$914K |
|
1440
Tidewater
TDW
$4.12B
| $32.8M | ﹤0.01% |
890,377
+107,955
| +14% | +$3.28M |
|
|
CPRX
1441
DELISTED
Catalyst Pharmaceutical
CPRX
| $32.8M | ﹤0.01% |
1,763,390
+76,269
| +5% | +$1.17M |
|
1442
Pacira BioSciences
PCRX
$997M
| $32.7M | ﹤0.01% |
846,163
+26,833
| +3% | +$1.31M |
|
1443
DigitalBridge
DBRG
$2.95B
| $32.7M | ﹤0.01% |
2,985,927
+32,484
| +1% | +$422K |
|
1444
Warrior Met Coal
HCC
$4.86B
| $32.7M | ﹤0.01% |
942,823
+33,572
| +4% | +$1.19M |
|
1445
Krystal Biotech
KRYS
$9.66B
| $32.6M | ﹤0.01% |
412,127
+12,865
| +3% | +$955K |
|
|
NVEE
1446
DELISTED
NV5 Global
NVEE
| $32.6M | ﹤0.01% |
986,620
+45,184
| +5% | +$1.57M |
|
1447
Veracyte
VCYT
$3.8B
| $32.6M | ﹤0.01% |
1,374,492
+50,944
| +4% | +$1.18M |
|
1448
Xerox
XRX
$425M
| $32.6M | ﹤0.01% |
2,231,043
+82,062
| +4% | +$1.24M |
|
|
CSW
1449
CSW Industrials
CSW
$5.71B
| $32.5M | ﹤0.01% |
280,463
+12,502
| +5% | +$1.5M |
|
1450
Duolingo
DUOL
$6.12B
| $32.5M | ﹤0.01% |
456,968
+19,467
| +4% | +$1.52M |
|
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.