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 | |
|---|---|---|---|---|---|---|
1526
Herbalife
HLF
$1.29B
| $28.8M | ﹤0.01% |
1,938,754
+18,309
| +1% | +$319K |
|
|
BWIN
1527
Baldwin Insurance Group
BWIN
$2.86B
| $28.8M | ﹤0.01% |
1,147,521
+62,351
| +6% | +$1.72M |
|
1528
Urban Outfitters
URBN
$6.59B
| $28.8M | ﹤0.01% |
1,208,015
+38,329
| +3% | +$955K |
|
1529
CorVel
CRVL
$3.19B
| $28.7M | ﹤0.01% |
591,615
+894
| +0.2% | +$44.5K |
|
|
UCTT
1530
Ultra Clean Holdings
UCTT
$3.95B
| $28.6M | ﹤0.01% |
863,272
+36,179
| +4% | +$1.15M |
|
1531
LiveRamp
RAMP
$2.3B
| $28.6M | ﹤0.01% |
1,219,714
+30,603
| +3% | +$618K |
|
|
ATSG
1532
DELISTED
Air Transport Services Group
ATSG
| $28.5M | ﹤0.01% |
1,097,803
+19,726
| +2% | +$543K |
|
1533
Cheesecake Factory
CAKE
$5.33B
| $28.5M | ﹤0.01% |
898,596
+12,574
| +1% | +$420K |
|
1534
AdaptHealth
AHCO
$759M
| $28.5M | ﹤0.01% |
1,480,343
+34,452
| +2% | +$728K |
|
1535
GitLab
GTLB
$6.58B
| $28.4M | ﹤0.01% |
625,918
+76,534
| +14% | +$3.46M |
|
1536
Globant
GLOB
$1.61B
| $28.4M | ﹤0.01% |
168,629
+19,634
| +13% | +$3.48M |
|
|
RVNC
1537
DELISTED
Revance Therapeutics, Inc.
RVNC
| $28.3M | ﹤0.01% |
1,534,445
+151,204
| +11% | +$3.46M |
|
1538
nCino
NCNO
$2.1B
| $28.3M | ﹤0.01% |
1,071,189
+51,916
| +5% | +$1.46M |
|
|
VISN
1539
Vistance Networks Inc
VISN
$2.52B
| $28.3M | ﹤0.01% |
3,846,124
+131,127
| +4% | +$1.27M |
|
1540
Worthington Enterprises
WOR
$2.86B
| $28.3M | ﹤0.01% |
922,135
+26,055
| +3% | +$807K |
|
|
AAT
1541
American Assets Trust
AAT
$1.4B
| $28.2M | ﹤0.01% |
1,064,227
+24,736
| +2% | +$669K |
|
1542
Granite Construction
GVA
$5.62B
| $28.1M | ﹤0.01% |
802,281
+25,039
| +3% | +$819K |
|
1543
Horace Mann Educators
HMN
$2.11B
| $28M | ﹤0.01% |
750,598
+18,934
| +3% | +$714K |
|
1544
AMC Entertainment Holdings
AMC
$2.31B
| $28M | ﹤0.01% |
689,127
+4,855
| +0.7% | +$306K |
|
|
UNIT
1545
Uniti Group
UNIT
$2.32B
| $28M | ﹤0.01% |
5,067,555
+161,472
| +3% | +$1.11M |
|
1546
Syndax Pharmaceuticals
SNDX
$1.82B
| $28M | ﹤0.01% |
1,101,029
+132,900
| +14% | +$3.1M |
|
1547
Dave & Buster's
PLAY
$357M
| $28M | ﹤0.01% |
790,385
+21,561
| +3% | +$779K |
|
1548
Hain Celestial
HAIN
$53.7M
| $27.9M | ﹤0.01% |
1,727,304
+190,303
| +12% | +$3.39M |
|
1549
Parsons
PSN
$5.08B
| $27.9M | ﹤0.01% |
604,082
+19,323
| +3% | +$890K |
|
1550
Weis Markets
WMK
$1.86B
| $27.9M | ﹤0.01% |
339,366
+6,733
| +2% | +$568K |
|
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.