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 | |
|---|---|---|---|---|---|---|
|
HEES
1551
DELISTED
H&E Equipment Services
HEES
| $27.9M | ﹤0.01% |
614,217
+15,741
| +3% | +$610K |
|
1552
Transocean
RIG
$5.82B
| $27.9M | ﹤0.01% |
6,109,056
+248,306
| +4% | +$958K |
|
1553
iShares MSCI Taiwan ETF
EWT
$10.7B
| – | – |
0
| – | – |
|
|
ALEX
1554
DELISTED
Alexander & Baldwin
ALEX
| $27.8M | ﹤0.01% |
1,484,183
+36,652
| +3% | +$694K |
|
1555
InterDigital
IDCC
$8.89B
| $27.8M | ﹤0.01% |
561,714
+16,025
| +3% | +$781K |
|
1556
Huron Consulting
HURN
$2.42B
| $27.8M | ﹤0.01% |
382,492
+4,737
| +1% | +$348K |
|
1557
Acadia Realty Trust
AKR
$2.84B
| $27.8M | ﹤0.01% |
1,933,870
+51,501
| +3% | +$728K |
|
1558
Southern Copper
SCCO
$166B
| $27.7M | ﹤0.01% |
497,248
+8,360
| +2% | +$427K |
|
1559
Claros Mortgage Trust
CMTG
$274M
| $27.6M | ﹤0.01% |
1,878,754
+52,628
| +3% | +$826K |
|
1560
NewMarket
NEU
$8.18B
| $27.6M | ﹤0.01% |
88,736
+2,768
| +3% | +$851K |
|
1561
AAR Corp
AIR
$5.76B
| $27.6M | ﹤0.01% |
614,295
+19,486
| +3% | +$849K |
|
1562
Flywire
FLYW
$2.16B
| $27.6M | ﹤0.01% |
1,125,897
+56,347
| +5% | +$1.21M |
|
1563
Shake Shack
SHAK
$2.87B
| $27.5M | ﹤0.01% |
662,444
+19,062
| +3% | +$929K |
|
1564
Gibraltar Industries
ROCK
$1.49B
| $27.5M | ﹤0.01% |
598,329
+9,041
| +2% | +$434K |
|
|
NEX
1565
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $27.4M | ﹤0.01% |
2,960,381
+105,127
| +4% | +$1.03M |
|
1566
Virtu Financial
VIRT
$4.93B
| $27.3M | ﹤0.01% |
1,338,245
+96,249
| +8% | +$2.09M |
|
1567
Jack in the Box
JACK
$335M
| $27.3M | ﹤0.01% |
399,552
+14,278
| +4% | +$1.1M |
|
1568
Embecta
EMBC
$262M
| $27.2M | ﹤0.01% |
1,075,997
+32,629
| +3% | +$997K |
|
1569
TripAdvisor
TRIP
$1.26B
| $27.2M | ﹤0.01% |
1,510,268
+82,660
| +6% | +$1.73M |
|
1570
Global Net Lease
GNL
$1.95B
| $27.1M | ﹤0.01% |
2,154,859
+50,455
| +2% | +$626K |
|
1571
CoreCivic
CXW
$3.19B
| $27.1M | ﹤0.01% |
2,341,751
-17,905
| -0.8% | -$199K |
|
1572
Knowles
KN
$3.34B
| $27.1M | ﹤0.01% |
1,648,065
+28,511
| +2% | +$414K |
|
|
DEA
1573
Easterly Government Properties
DEA
$1.18B
| $27M | ﹤0.01% |
758,119
+29,896
| +4% | +$1.16M |
|
1574
Buckle
BKE
$2.37B
| $27M | ﹤0.01% |
596,088
+7,139
| +1% | +$288K |
|
1575
Nelnet
NNI
$4.7B
| $27M | ﹤0.01% |
297,565
+12,455
| +4% | +$1.13M |
|
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.