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 | |
|---|---|---|---|---|---|---|
1476
Ironwood Pharmaceuticals
IRWD
$714M
| $31.2M | ﹤0.01% |
2,515,290
+49,663
| +2% | +$563K |
|
|
XHR
1477
Xenia Hotels & Resorts
XHR
$1.79B
| $31.1M | ﹤0.01% |
2,357,888
+78,703
| +3% | +$1.17M |
|
|
JBGS
1478
JBG SMITH
JBGS
$708M
| $30.8M | ﹤0.01% |
1,623,539
+22,823
| +1% | +$441K |
|
1479
Kyndryl
KD
$3.05B
| $30.7M | ﹤0.01% |
2,764,636
+149,053
| +6% | +$1.5M |
|
1480
StoneX
SNEX
$7.94B
| $30.7M | ﹤0.01% |
1,629,796
+56,594
| +4% | +$1.05M |
|
1481
World Kinect Corp
WKC
$1.86B
| $30.6M | ﹤0.01% |
1,120,854
+25,240
| +2% | +$678K |
|
1482
MillerKnoll
MLKN
$1.67B
| $30.6M | ﹤0.01% |
1,456,770
+45,209
| +3% | +$905K |
|
1483
Northwest Natural Holdings
NWN
$2.12B
| $30.6M | ﹤0.01% |
643,025
+22,321
| +4% | +$1.05M |
|
1484
TG Therapeutics
TGTX
$7.62B
| $30.6M | ﹤0.01% |
2,586,273
+175,834
| +7% | +$1.28M |
|
1485
Monro
MNRO
$398M
| $30.4M | ﹤0.01% |
672,791
-5,250
| -0.8% | -$242K |
|
1486
Harmony Biosciences
HRMY
$2.24B
| $30.3M | ﹤0.01% |
550,241
+19,957
| +4% | +$1.1M |
|
1487
International Seaways
INSW
$4.57B
| $30.2M | ﹤0.01% |
815,654
+26,005
| +3% | +$1.05M |
|
1488
Phreesia
PHR
$773M
| $30.2M | ﹤0.01% |
932,470
+43,209
| +5% | +$1.17M |
|
1489
MGP Ingredients
MGPI
$375M
| $30.2M | ﹤0.01% |
283,502
+12,876
| +5% | +$1.44M |
|
1490
Zillow
ZG
$7.63B
| $30.1M | ﹤0.01% |
965,972
+52,007
| +6% | +$1.7M |
|
1491
Cameco
CCJ
$42.4B
| $30.1M | ﹤0.01% |
1,331,170
+102,466
| +8% | +$2.41M |
|
|
HBI
1492
DELISTED
Hanesbrands
HBI
| $30.1M | ﹤0.01% |
4,725,588
+220,717
| +5% | +$1.52M |
|
1493
Addus HomeCare
ADUS
$2.23B
| $30M | ﹤0.01% |
301,992
+12,844
| +4% | +$1.34M |
|
1494
Griffon
GFF
$4.86B
| $30M | ﹤0.01% |
837,596
+29,291
| +4% | +$978K |
|
|
AZEK
1495
DELISTED
The AZEK Co
AZEK
| $30M | ﹤0.01% |
1,474,290
+72,429
| +5% | +$1.34M |
|
1496
MP Materials
MP
$9.1B
| $29.9M | ﹤0.01% |
1,233,053
+80,904
| +7% | +$2.45M |
|
1497
JetBlue
JBLU
$2.29B
| $29.9M | ﹤0.01% |
4,618,190
+175,428
| +4% | +$1.28M |
|
|
SASR
1498
DELISTED
Sandy Spring Bancorp Inc
SASR
| $29.9M | ﹤0.01% |
847,735
+31,458
| +4% | +$1.1M |
|
1499
First Bancorp
FBNC
$2.68B
| $29.9M | ﹤0.01% |
696,907
+3,243
| +0.5% | +$142K |
|
1500
Ingles Markets
IMKTA
$1.67B
| $29.8M | ﹤0.01% |
309,443
+9,881
| +3% | +$927K |
|
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.