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 | |
|---|---|---|---|---|---|---|
126
US Bancorp
USB
$100B
| $1.08B | 0.15% |
24,907,008
+476,756
| +2% | +$20.4M |
|
127
Intercontinental Exchange
ICE
$84.1B
| $1.06B | 0.15% |
10,375,880
+218,684
| +2% | +$21.8M |
|
128
Lam Research
LRCX
$385B
| $1.06B | 0.15% |
25,235,250
+502,080
| +2% | +$21M |
|
129
Dollar General
DG
$28B
| $1.04B | 0.15% |
4,233,760
+50,259
| +1% | +$12.4M |
|
130
Synopsys
SNPS
$76.7B
| $1.02B | 0.14% |
3,193,035
+61,433
| +2% | +$19.2M |
|
131
Phillips 66
PSX
$81.2B
| $1.01B | 0.14% |
9,757,799
-99,030
| -1% | -$10.1M |
|
132
Truist Financial
TFC
$64.6B
| $1.01B | 0.14% |
23,598,823
+134,870
| +0.6% | +$5.92M |
|
133
Public Storage
PSA
$61.1B
| $1.01B | 0.14% |
3,612,903
+374,203
| +12% | +$109M |
|
134
Norfolk Southern
NSC
$76.8B
| $1.01B | 0.14% |
4,099,195
+25,997
| +0.6% | +$6.15M |
|
135
Emerson Electric
EMR
$91B
| $1.01B | 0.14% |
10,509,981
+229,530
| +2% | +$20.6M |
|
136
Estee Lauder
EL
$31.5B
| $1B | 0.14% |
4,052,001
+94,157
| +2% | +$21M |
|
137
Micron Technology
MU
$1.01T
| $1B | 0.14% |
20,095,666
-149,707
| -0.7% | -$8.19M |
|
138
General Dynamics
GD
$104B
| $983M | 0.14% |
3,968,976
+29,487
| +0.7% | +$7.19M |
|
139
Marathon Petroleum
MPC
$86.9B
| $980M | 0.14% |
8,434,836
-608,274
| -7% | -$69.3M |
|
140
Cadence Design Systems
CDNS
$92.8B
| $976M | 0.14% |
6,085,318
-200,804
| -3% | -$32.1M |
|
141
Sherwin-Williams
SHW
$89.7B
| $972M | 0.14% |
4,105,942
+103,676
| +3% | +$24M |
|
142
KLA
KLAC
$252B
| $970M | 0.14% |
25,768,550
+165,520
| +0.6% | +$5.77M |
|
143
American Electric Power
AEP
$68.8B
| $968M | 0.14% |
10,209,355
+73,877
| +0.7% | +$6.73M |
|
|
PXD
144
DELISTED
Pioneer Natural Resource Co.
PXD
| $955M | 0.13% |
4,188,938
+61,022
| +1% | +$14.8M |
|
145
General Mills
GIS
$19.2B
| $951M | 0.13% |
11,358,325
+50,601
| +0.4% | +$4.12M |
|
146
Freeport-McMoran
FCX
$99.8B
| $943M | 0.13% |
24,866,305
-291,205
| -1% | -$10.2M |
|
147
McKesson
MCK
$103B
| $937M | 0.13% |
2,503,260
-43,117
| -2% | -$16.1M |
|
148
Biogen
BIIB
$30.5B
| $924M | 0.13% |
3,342,330
+42,855
| +1% | +$12.1M |
|
149
DexCom
DXCM
$31.2B
| $917M | 0.13% |
8,111,867
+96,683
| +1% | +$10.6M |
|
150
Paychex
PAYX
$42.1B
| $914M | 0.13% |
7,919,290
+105,504
| +1% | +$12.3M |
|
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.