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 | |
|---|---|---|---|---|---|---|
|
DVAX
1651
DELISTED
Dynavax Technologies
DVAX
| $22.3M | ﹤0.01% |
2,137,585
+60,394
| +3% | +$787K |
|
1652
SkinHealth Systems
SKIN
$88.8M
| $22.3M | ﹤0.01% |
1,888,094
+106,479
| +6% | +$1.35M |
|
1653
ScottsMiracle-Gro
SMG
$3.82B
| $22.2M | ﹤0.01% |
519,143
+2,537
| +0.5% | +$182K |
|
1654
PennyMac Financial
PFSI
$3.92B
| $22.1M | ﹤0.01% |
515,649
-3,346
| -0.6% | -$175K |
|
1655
Safety Insurance
SAFT
$1.52B
| $22.1M | ﹤0.01% |
270,711
+10,553
| +4% | +$952K |
|
1656
InterDigital
IDCC
$7.87B
| $22.1M | ﹤0.01% |
545,689
-10,284
| -2% | -$555K |
|
|
PGRE
1657
DELISTED
Paramount Group
PGRE
| $22M | ﹤0.01% |
3,537,530
+106,917
| +3% | +$770K |
|
|
GAP
1658
The Gap Inc
GAP
$7.23B
| $22M | ﹤0.01% |
2,683,387
+34,712
| +1% | +$326K |
|
1659
MillerKnoll
MLKN
$1.53B
| $22M | ﹤0.01% |
1,411,561
+15,686
| +1% | +$431K |
|
|
EVBG
1660
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $22M | ﹤0.01% |
712,762
+9,998
| +1% | +$328K |
|
|
HPP
1661
Hudson Pacific Properties
HPP
$747M
| $22M | ﹤0.01% |
286,772
-29,119
| -9% | -$2.83M |
|
1662
Veracyte
VCYT
$3.7B
| $22M | ﹤0.01% |
1,323,548
+30,384
| +2% | +$684K |
|
|
EVA
1663
DELISTED
Enviva Inc.
EVA
| $21.9M | ﹤0.01% |
365,444
+18,677
| +5% | +$1.26M |
|
1664
Century Communities
CCS
$1.91B
| $21.9M | ﹤0.01% |
511,836
+3,936
| +0.8% | +$191K |
|
1665
Procept Biorobotics
PRCT
$1.06B
| $21.9M | ﹤0.01% |
528,030
+217,362
| +70% | +$8.67M |
|
1666
Laureate Education
LAUR
$5.28B
| $21.8M | ﹤0.01% |
2,069,200
-301,566
| -13% | -$3.42M |
|
1667
RB Global
RBA
$20.4B
| $21.8M | ﹤0.01% |
347,597
+30,584
| +10% | +$2.08M |
|
|
DQ
1668
Daqo New Energy
DQ
$823M
| $21.7M | ﹤0.01% |
409,225
+20,409
| +5% | +$1.3M |
|
|
CPRX
1669
DELISTED
Catalyst Pharmaceutical
CPRX
| $21.6M | ﹤0.01% |
1,687,121
-4,671
| -0.3% | -$55.4K |
|
1670
Kyndryl
KD
$2.99B
| $21.6M | ﹤0.01% |
2,615,583
+310,431
| +13% | +$3.23M |
|
1671
Lyell Immunopharma
LYEL
$317M
| $21.6M | ﹤0.01% |
147,533
+53,729
| +57% | +$7.27M |
|
1672
LiveRamp
RAMP
$2.3B
| $21.6M | ﹤0.01% |
1,189,111
+8,715
| +0.7% | +$201K |
|
|
BBT
1673
Beacon Financial Corp
BBT
$2.66B
| $21.6M | ﹤0.01% |
790,740
-18,014
| -2% | -$503K |
|
1674
Clearfield
CLFD
$411M
| $21.5M | ﹤0.01% |
205,573
-1,256
| -0.6% | -$122K |
|
1675
Vaxcyte
PCVX
$7.81B
| $21.5M | ﹤0.01% |
894,786
+115,091
| +15% | +$2.92M |
|
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.