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 | |
|---|---|---|---|---|---|---|
1626
CarGurus
CARG
$3.47B
| $25M | ﹤0.01% |
1,781,183
+35,168
| +2% | +$482K |
|
|
RNAM
1627
DELISTED
Avidity Biosciences
RNAM
| $24.9M | ﹤0.01% |
1,122,378
+182,754
| +19% | +$2.72M |
|
1628
PRA Group
PRAA
$755M
| $24.9M | ﹤0.01% |
736,492
+26,576
| +4% | +$876K |
|
|
NVRO
1629
DELISTED
NEVRO CORP.
NVRO
| $24.8M | ﹤0.01% |
627,238
+21,847
| +4% | +$908K |
|
1630
Nabors Industries
NBR
$1.21B
| $24.8M | ﹤0.01% |
160,149
+5,995
| +4% | +$894K |
|
|
TWO
1631
Two Harbors Investment
TWO
$1.27B
| $24.8M | ﹤0.01% |
1,572,366
+41,751
| +3% | +$627K |
|
1632
Compass Minerals
CMP
$1.15B
| $24.8M | ﹤0.01% |
604,777
+20,318
| +3% | +$840K |
|
1633
CTS Corp
CTS
$1.89B
| $24.8M | ﹤0.01% |
628,905
+4,609
| +0.7% | +$190K |
|
1634
Laureate Education
LAUR
$5.28B
| $24.8M | ﹤0.01% |
2,575,144
+505,944
| +24% | +$5.47M |
|
1635
Brinker International
EAT
$9.66B
| $24.8M | ﹤0.01% |
776,169
+27,621
| +4% | +$869K |
|
1636
TFI International
TFII
$11.5B
| $24.7M | ﹤0.01% |
247,182
-8,304
| -3% | -$829K |
|
1637
StepStone Group
STEP
$3.82B
| $24.7M | ﹤0.01% |
982,637
-59,307
| -6% | -$1.66M |
|
1638
Kratos Defense & Security Solutions
KTOS
$11.4B
| $24.7M | ﹤0.01% |
2,390,934
+79,710
| +3% | +$793K |
|
1639
Driven Brands
DRVN
$2.2B
| $24.6M | ﹤0.01% |
900,527
+61,617
| +7% | +$1.84M |
|
1640
Harmonic Inc
HLIT
$1.28B
| $24.5M | ﹤0.01% |
1,869,646
+81,747
| +5% | +$1.14M |
|
1641
Uranium Energy
UEC
$5.57B
| $24.5M | ﹤0.01% |
6,306,120
+713,398
| +13% | +$2.71M |
|
|
INFN
1642
DELISTED
Infinera Corporation Common Stock
INFN
| $24.4M | ﹤0.01% |
3,622,386
+176,671
| +5% | +$1.07M |
|
1643
First Busey Corp
BUSE
$2.56B
| $24.4M | ﹤0.01% |
987,038
+30,892
| +3% | +$774K |
|
1644
OSI Systems
OSIS
$3.89B
| $24.4M | ﹤0.01% |
306,830
+10,113
| +3% | +$823K |
|
1645
The GEO Group
GEO
$4.04B
| $24.4M | ﹤0.01% |
2,224,601
+85,237
| +4% | +$829K |
|
|
BBT
1646
Beacon Financial Corp
BBT
$2.66B
| $24.2M | ﹤0.01% |
809,191
+18,451
| +2% | +$543K |
|
|
JWN
1647
DELISTED
Nordstrom
JWN
| $24.2M | ﹤0.01% |
1,497,016
+75,375
| +5% | +$1.44M |
|
1648
Expro Ltd
XPRO
$1.91B
| $24.1M | ﹤0.01% |
1,332,070
+64,994
| +5% | +$1.1M |
|
1649
Maravai LifeSciences
MRVI
$919M
| $24M | ﹤0.01% |
1,680,522
+12,436
| +0.7% | +$196K |
|
1650
OFG Bancorp
OFG
$2.21B
| $24M | ﹤0.01% |
872,048
+34,553
| +4% | +$949K |
|
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.