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 |
Tesla
TSLA
|
+$906M |
| 2 |
Amazon
AMZN
|
+$712M |
| 3 |
Microsoft
MSFT
|
+$665M |
| 4 |
AbbVie
ABBV
|
+$538M |
| 5 |
Apple
AAPL
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$302M |
| 2 |
Chevron
CVX
|
+$290M |
| 3 |
American Tower
AMT
|
+$225M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$136M |
| 5 |
Baidu
BIDU
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.64% |
| 2 | Healthcare | 14.93% |
| 3 | Financials | 13.34% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1526
Comstock Resources
CRK
$3.89B
| $27.1M | ﹤0.01% |
1,565,804
+25,792
| +2% | +$427K |
|
|
TPH
1527
DELISTED
Tri Pointe Homes
TPH
| $27.1M | ﹤0.01% |
1,790,554
-13,858
| -0.8% | -$245K |
|
|
DOOR
1528
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $27M | ﹤0.01% |
378,615
-4,684
| -1% | -$389K |
|
1529
Northwest Natural Holdings
NWN
$2.06B
| $26.9M | ﹤0.01% |
620,704
+29,126
| +5% | +$1.48M |
|
1530
Lindsay Corp
LNN
$1.13B
| $26.9M | ﹤0.01% |
187,723
+1,503
| +0.8% | +$228K |
|
|
VERV
1531
DELISTED
Verve Therapeutics
VERV
| $26.9M | ﹤0.01% |
782,712
+315,492
| +68% | +$10.1M |
|
1532
Cannae Holdings
CNNE
$639M
| $26.8M | ﹤0.01% |
1,297,235
-61,027
| -4% | -$1.32M |
|
|
VBTX
1533
DELISTED
Veritex Holdings
VBTX
| $26.8M | ﹤0.01% |
1,007,788
+41,909
| +4% | +$1.27M |
|
1534
TriCo Bancshares
TCBK
$1.84B
| $26.7M | ﹤0.01% |
598,932
+37,497
| +7% | +$1.76M |
|
1535
American Eagle Outfitters
AEO
$2.88B
| $26.7M | ﹤0.01% |
2,747,994
+41,706
| +2% | +$485K |
|
|
AAT
1536
American Assets Trust
AAT
$1.45B
| $26.7M | ﹤0.01% |
1,039,491
-5,858
| -0.6% | -$168K |
|
1537
Eagle Bancorp
EGBN
$846M
| $26.6M | ﹤0.01% |
592,682
+20,271
| +4% | +$969K |
|
|
PDM
1538
Piedmont Realty Trust
PDM
$1.21B
| $26.3M | ﹤0.01% |
2,491,270
+26,111
| +1% | +$328K |
|
1539
Carpenter Technology
CRS
$25.8B
| $26.3M | ﹤0.01% |
843,164
+11,689
| +1% | +$387K |
|
1540
Zillow
ZG
$7.94B
| $26.2M | ﹤0.01% |
913,965
-48,682
| -5% | -$1.7M |
|
1541
AstraZeneca
AZN
$263B
| $26.2M | ﹤0.01% |
238,505
+5,357
| +2% | +$680K |
|
1542
Dana Inc
DAN
$2.9B
| $26.1M | ﹤0.01% |
2,286,652
-96,243
| -4% | -$1.46M |
|
1543
Travere Therapeutics
TVTX
$5.2B
| $26.1M | ﹤0.01% |
1,060,406
+35,481
| +3% | +$917K |
|
1544
CTS Corp
CTS
$1.83B
| $26M | ﹤0.01% |
624,296
+11,751
| +2% | +$472K |
|
|
ATSG
1545
DELISTED
Air Transport Services Group
ATSG
| $26M | ﹤0.01% |
1,078,077
+12,627
| +1% | +$367K |
|
1546
Strategic Education
STRA
$1.85B
| $26M | ﹤0.01% |
422,863
+5,533
| +1% | +$372K |
|
1547
Hain Celestial
HAIN
$45M
| $25.9M | ﹤0.01% |
1,537,001
+12,286
| +0.8% | +$264K |
|
1548
Cheesecake Factory
CAKE
$5.04B
| $25.9M | ﹤0.01% |
886,022
+19,411
| +2% | +$589K |
|
1549
NewMarket
NEU
$7.82B
| $25.9M | ﹤0.01% |
85,968
+1,227
| +1% | +$368K |
|
1550
Warrior Met Coal
HCC
$4.19B
| $25.9M | ﹤0.01% |
909,251
+15,646
| +2% | +$481K |
|
Similar funds
Geode Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Geode Capital Management held 5,120 positions worth $659B, down 3.4% from $683B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Geode Capital Management opened 106 new positions and exited 90, leaving the 5,120-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2022 buy was Endeavor Group Holdings, Inc.: 1,449,828 shares worth $29.4M.
- Geode Capital Management added most to Tesla in Q3 2022, an estimated $906M increase.
- Geode Capital Management's biggest Q3 2022 reduction was Home Depot, cutting an estimated $302M.
- Geode Capital Management fully exited American Campus Communities, Inc. in Q3 2022, selling an estimated $136M.
- Geode Capital Management's ten largest holdings make up 23% of its $659B portfolio in Q3 2022.
- Geode Capital Management opened 106 new positions and closed 90 in Q3 2022.
- Geode Capital Management's portfolio value fell 3.4% quarter-over-quarter to $659B.
Based on Geode Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.