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 | |
|---|---|---|---|---|---|---|
1501
The Bancorp
TBBK
$2.84B
| $29.8M | ﹤0.01% |
1,048,867
+21,378
| +2% | +$591K |
|
1502
Westamerica Bancorp
WABC
$1.37B
| $29.8M | ﹤0.01% |
504,352
+18,286
| +4% | +$1.07M |
|
1503
Methode Electronics
MEI
$592M
| $29.7M | ﹤0.01% |
669,049
+22,452
| +3% | +$959K |
|
|
LTC
1504
LTC Properties
LTC
$2.15B
| $29.7M | ﹤0.01% |
834,612
+39,602
| +5% | +$1.51M |
|
1505
Surgery Partners
SGRY
$2.03B
| $29.6M | ﹤0.01% |
1,064,261
+321,750
| +43% | +$8.52M |
|
1506
Winnebago Industries
WGO
$909M
| $29.6M | ﹤0.01% |
562,563
+3,885
| +0.7% | +$221K |
|
1507
Agios Pharmaceuticals
AGIO
$1.93B
| $29.6M | ﹤0.01% |
1,055,558
+28,576
| +3% | +$805K |
|
1508
PennyMac Financial
PFSI
$4.02B
| $29.6M | ﹤0.01% |
522,326
+6,677
| +1% | +$354K |
|
1509
Mueller Water Products
MWA
$4.16B
| $29.5M | ﹤0.01% |
2,745,090
+70,274
| +3% | +$784K |
|
1510
DigitalOcean
DOCN
$14.6B
| $29.5M | ﹤0.01% |
1,159,273
+69,932
| +6% | +$2.19M |
|
|
SPWR
1511
DELISTED
SunPower Corporation Common Stock
SPWR
| $29.5M | ﹤0.01% |
1,636,895
+51,356
| +3% | +$1.05M |
|
|
GTY
1512
Getty Realty Corp
GTY
$2.07B
| $29.5M | ﹤0.01% |
871,051
+20,713
| +2% | +$653K |
|
|
EVOP
1513
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
| $29.4M | ﹤0.01% |
869,902
-97,183
| -10% | -$3.27M |
|
1514
Xencor
XNCR
$1.55B
| $29.4M | ﹤0.01% |
1,130,435
+49,947
| +5% | +$1.4M |
|
1515
Provident Financial Services
PFS
$3.19B
| $29.4M | ﹤0.01% |
1,377,434
+61,953
| +5% | +$1.33M |
|
1516
TTM Technologies
TTMI
$14.5B
| $29.4M | ﹤0.01% |
1,950,571
+57,820
| +3% | +$857K |
|
|
VIVO
1517
DELISTED
Meridian Bioscience Inc
VIVO
| $29.2M | ﹤0.01% |
880,543
+4,774
| +0.5% | +$154K |
|
|
VBTX
1518
DELISTED
Veritex Holdings
VBTX
| $29.2M | ﹤0.01% |
1,040,572
+32,784
| +3% | +$974K |
|
|
CVSA
1519
Covista Inc
CVSA
$4.8B
| $29.2M | ﹤0.01% |
821,879
+30,327
| +4% | +$1.18M |
|
1520
Cohu
COHU
$2.5B
| $29.2M | ﹤0.01% |
910,300
+19,799
| +2% | +$641K |
|
1521
Affirm
AFRM
$25.2B
| $29.1M | ﹤0.01% |
3,010,116
+328,297
| +12% | +$4.95M |
|
1522
Tronox
TROX
$1.04B
| $29M | ﹤0.01% |
2,115,733
+75,079
| +4% | +$999K |
|
1523
Hope Bancorp
HOPE
$1.79B
| $28.9M | ﹤0.01% |
2,256,653
+76,920
| +4% | +$1.02M |
|
|
VRTV
1524
DELISTED
VERITIV CORPORATION
VRTV
| $28.9M | ﹤0.01% |
237,102
+2,277
| +1% | +$276K |
|
1525
Agilysys
AGYS
$3.06B
| $28.8M | ﹤0.01% |
364,521
+9,458
| +3% | +$603K |
|
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.