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 | |
|---|---|---|---|---|---|---|
1576
FuelCell Energy
FCEL
$1.73B
| $24.8M | ﹤0.01% |
242,292
+17,857
| +8% | +$2.14M |
|
1577
Sweetgreen
SG
$766M
| $24.7M | ﹤0.01% |
1,337,559
+1,115,080
| +501% | +$19M |
|
1578
CarGurus
CARG
$3.27B
| $24.7M | ﹤0.01% |
1,746,015
+69,694
| +4% | +$1.41M |
|
1579
Middlesex Water
MSEX
$1.08B
| $24.6M | ﹤0.01% |
319,255
+6,380
| +2% | +$571K |
|
1580
City Holding Co
CHCO
$2.05B
| $24.6M | ﹤0.01% |
277,372
+4,657
| +2% | +$398K |
|
|
MAXR
1581
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
| $24.6M | ﹤0.01% |
1,313,151
+33,734
| +3% | +$828K |
|
1582
Schrodinger
SDGR
$1.13B
| $24.6M | ﹤0.01% |
983,842
+75,027
| +8% | +$2.21M |
|
|
SGFY
1583
DELISTED
Signify Health, Inc.
SGFY
| $24.6M | ﹤0.01% |
842,692
+374,539
| +80% | +$8.63M |
|
1584
Flywire
FLYW
$1.98B
| $24.6M | ﹤0.01% |
1,069,550
+446,891
| +72% | +$10.7M |
|
1585
Telephone and Data Systems
TDS
$3.82B
| $24.5M | ﹤0.01% |
1,762,914
+40,269
| +2% | +$640K |
|
|
1586
Baidu
BIDU
$37.7B
| $24.5M | ﹤0.01% |
208,456
-816,583
| -80% | -$112M |
|
1587
Kforce
KFRC
$1.02B
| $24.4M | ﹤0.01% |
416,507
+8,519
| +2% | +$508K |
|
1588
Allegro MicroSystems
ALGM
$7.73B
| $24.4M | ﹤0.01% |
1,115,687
+177,905
| +19% | +$4.13M |
|
|
PR
1589
Permian Resources
PR
$17.8B
| $24.4M | ﹤0.01% |
3,583,578
-26,354
| -0.7% | -$182K |
|
|
VGR
1590
DELISTED
Vector Group Ltd.
VGR
| $24.3M | ﹤0.01% |
2,758,470
+86,054
| +3% | +$873K |
|
1591
Adtran
ADTN
$689M
| $24.3M | ﹤0.01% |
1,240,968
+389,471
| +46% | +$8.5M |
|
1592
Vicor
VICR
$9.56B
| $24.3M | ﹤0.01% |
410,450
+13,533
| +3% | +$893K |
|
1593
Pediatrix Medical
MD
$2.18B
| $24.3M | ﹤0.01% |
1,469,666
-11,349
| -0.8% | -$228K |
|
|
TEN
1594
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $24.2M | ﹤0.01% |
1,394,124
+77,833
| +6% | +$1.46M |
|
1595
Golar LNG
GLNG
$5B
| $24.2M | ﹤0.01% |
969,582
+28,305
| +3% | +$706K |
|
1596
Gibraltar Industries
ROCK
$1.25B
| $24.1M | ﹤0.01% |
589,288
-14,613
| -2% | -$623K |
|
1597
XPEL
XPEL
$1.22B
| $24.1M | ﹤0.01% |
373,259
+32,668
| +10% | +$2.12M |
|
|
VSTO
1598
DELISTED
Vista Outdoor Inc.
VSTO
| $24M | ﹤0.01% |
988,333
+15,797
| +2% | +$450K |
|
1599
Methode Electronics
MEI
$496M
| $24M | ﹤0.01% |
646,597
+9,115
| +1% | +$357K |
|
|
ALEX
1600
DELISTED
Alexander & Baldwin
ALEX
| $24M | ﹤0.01% |
1,447,531
-16,031
| -1% | -$295K |
|
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.