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 | |
|---|---|---|---|---|---|---|
1576
Q2 Holdings
QTWO
$3.92B
| $27M | ﹤0.01% |
1,004,734
+34,719
| +4% | +$971K |
|
1577
Eagle Bancorp
EGBN
$845M
| $27M | ﹤0.01% |
612,193
+19,511
| +3% | +$882K |
|
1578
Reynolds Consumer Products
REYN
$5.59B
| $27M | ﹤0.01% |
899,344
+37,098
| +4% | +$1.11M |
|
1579
Pathward Financial
CASH
$1.8B
| $26.8M | ﹤0.01% |
623,489
+491
| +0.1% | +$20.1K |
|
|
SGFY
1580
DELISTED
Signify Health, Inc.
SGFY
| $26.8M | ﹤0.01% |
935,633
+92,941
| +11% | +$2.68M |
|
|
VRE
1581
DELISTED
Veris Residential
VRE
| $26.7M | ﹤0.01% |
1,678,105
+74,298
| +5% | +$1.1M |
|
1582
Cannae Holdings
CNNE
$649M
| $26.7M | ﹤0.01% |
1,294,317
-2,918
| -0.2% | -$63.7K |
|
|
ARI
1583
Apollo Commercial Real Estate
ARI
$885M
| $26.7M | ﹤0.01% |
2,479,778
+78,221
| +3% | +$854K |
|
1584
ScottsMiracle-Gro
SMG
$3.66B
| $26.7M | ﹤0.01% |
549,118
+29,975
| +6% | +$1.5M |
|
1585
Tencent Music
TME
$15.6B
| $26.6M | ﹤0.01% |
3,232,780
-1,299,501
| -29% | -$7.3M |
|
1586
Brookfield Renewable
BEPC
$6.26B
| $26.6M | ﹤0.01% |
968,080
+49,041
| +5% | +$1.51M |
|
|
ACH
1587
Accendra Health
ACH
$214M
| $26.6M | ﹤0.01% |
1,361,891
+43,557
| +3% | +$850K |
|
1588
Under Armour
UAA
$2.6B
| $26.6M | ﹤0.01% |
2,617,876
+101,757
| +4% | +$880K |
|
1589
City Holding Co
CHCO
$2.04B
| $26.6M | ﹤0.01% |
285,476
+8,104
| +3% | +$780K |
|
|
KYNB
1590
Kyntra Bio
KYNB
$29.4M
| $26.5M | ﹤0.01% |
66,284
+2,083
| +3% | +$798K |
|
1591
Hilltop Holdings
HTH
$2.24B
| $26.4M | ﹤0.01% |
878,889
+31,492
| +4% | +$896K |
|
1592
Leslie's
LESL
$11M
| $26.3M | ﹤0.01% |
107,837
+6,313
| +6% | +$1.75M |
|
1593
St. Joe Company
JOE
$3.83B
| $26.2M | ﹤0.01% |
678,736
+24,803
| +4% | +$888K |
|
|
OPLN
1594
Openlane
OPLN
$4.54B
| $26.1M | ﹤0.01% |
1,999,597
-35,775
| -2% | -$480K |
|
1595
National Bank Holdings
NBHC
$1.9B
| $26M | ﹤0.01% |
618,689
+102,111
| +20% | +$4.41M |
|
1596
Middlesex Water
MSEX
$1.1B
| $26M | ﹤0.01% |
330,261
+11,006
| +3% | +$955K |
|
1597
Enerpac Tool Group
EPAC
$1.93B
| $25.9M | ﹤0.01% |
1,018,436
+22,659
| +2% | +$546K |
|
1598
MannKind Corp
MNKD
$1.32B
| $25.9M | ﹤0.01% |
4,916,016
+249,083
| +5% | +$1.02M |
|
1599
RXO
RXO
$3.58B
| $25.9M | ﹤0.01% |
+1,505,327
| New | +$26.7M |
|
1600
Century Communities
CCS
$2.03B
| $25.9M | ﹤0.01% |
517,342
+5,506
| +1% | +$260K |
|
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.