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 | |
|---|---|---|---|---|---|---|
1601
Celldex Therapeutics
CLDX
$2.99B
| $24M | ﹤0.01% |
852,706
+11,582
| +1% | +$355K |
|
1602
Griffon
GFF
$3.95B
| $23.9M | ﹤0.01% |
808,305
+6,162
| +0.8% | +$187K |
|
1603
Dave & Buster's
PLAY
$377M
| $23.9M | ﹤0.01% |
768,824
+40,177
| +6% | +$1.5M |
|
1604
Arcus Biosciences
RCUS
$3.55B
| $23.8M | ﹤0.01% |
911,358
+65,963
| +8% | +$1.74M |
|
|
JWN
1605
DELISTED
Nordstrom
JWN
| $23.8M | ﹤0.01% |
1,421,641
+23,269
| +2% | +$486K |
|
1606
Acadia Realty Trust
AKR
$3.09B
| $23.8M | ﹤0.01% |
1,882,369
+41,793
| +2% | +$670K |
|
1607
Digital Turbine
APPS
$975M
| $23.7M | ﹤0.01% |
1,647,537
+53,278
| +3% | +$1.02M |
|
1608
Ingles Markets
IMKTA
$1.71B
| $23.7M | ﹤0.01% |
299,562
+2,323
| +0.8% | +$211K |
|
1609
SiTime
SITM
$16B
| $23.7M | ﹤0.01% |
301,391
+15,851
| +6% | +$2.04M |
|
1610
Weis Markets
WMK
$1.91B
| $23.7M | ﹤0.01% |
332,633
+5,601
| +2% | +$437K |
|
1611
FB Financial Corp
FBK
$3.02B
| $23.7M | ﹤0.01% |
619,298
-3,007
| -0.5% | -$123K |
|
1612
XPeng
XPEV
$12.4B
| $23.7M | ﹤0.01% |
1,985,925
+135,520
| +7% | +$2.92M |
|
1613
Medifast
MED
$109M
| $23.6M | ﹤0.01% |
217,414
-1,525
| -0.7% | -$219K |
|
1614
Harmony Biosciences
HRMY
$2.04B
| $23.5M | ﹤0.01% |
530,284
+61,465
| +13% | +$3M |
|
1615
Payoneer
PAYO
$2.42B
| $23.5M | ﹤0.01% |
3,880,918
+105,266
| +3% | +$612K |
|
1616
Kratos Defense & Security Solutions
KTOS
$8.74B
| $23.5M | ﹤0.01% |
2,311,224
+30,689
| +1% | +$411K |
|
1617
Driven Brands
DRVN
$2.35B
| $23.5M | ﹤0.01% |
838,910
+3,251
| +0.4% | +$100K |
|
|
MODV
1618
DELISTED
ModivCare
MODV
| $23.4M | ﹤0.01% |
234,785
+8,819
| +4% | +$914K |
|
1619
Pacific Biosciences
PACB
$435M
| $23.4M | ﹤0.01% |
4,028,938
-54,359
| -1% | -$312K |
|
|
BDN
1620
Brandywine Realty Trust
BDN
$524M
| $23.4M | ﹤0.01% |
3,462,944
+57,291
| +2% | +$489K |
|
1621
Harmonic Inc
HLIT
$1.25B
| $23.4M | ﹤0.01% |
1,787,899
+21,606
| +1% | +$233K |
|
1622
PRA Group
PRAA
$663M
| $23.3M | ﹤0.01% |
709,916
-25,090
| -3% | -$934K |
|
1623
Marathon Digital Holdings
MARA
$4.32B
| $23.3M | ﹤0.01% |
2,175,584
+161,246
| +8% | +$1.91M |
|
|
AZEK
1624
DELISTED
The AZEK Co
AZEK
| $23.3M | ﹤0.01% |
1,401,861
-10,912
| -0.8% | -$208K |
|
1625
Syndax Pharmaceuticals
SNDX
$1.69B
| $23.3M | ﹤0.01% |
968,129
+60,273
| +7% | +$1.35M |
|
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.