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 | |
|---|---|---|---|---|---|---|
1651
Sally Beauty Holdings
SBH
$1.58B
| $24M | ﹤0.01% |
1,915,888
+75,492
| +4% | +$927K |
|
|
IRBT
1652
DELISTED
iRobot
IRBT
| $24M | ﹤0.01% |
497,691
+14,416
| +3% | +$762K |
|
|
KDNY
1653
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $24M | ﹤0.01% |
914,226
+39,669
| +5% | +$879K |
|
1654
OceanFirst Financial
OCFC
$1.91B
| $23.9M | ﹤0.01% |
1,126,697
+31,206
| +3% | +$681K |
|
1655
Freshworks
FRSH
$3.27B
| $23.9M | ﹤0.01% |
1,625,620
+217,646
| +15% | +$3.01M |
|
|
AIV
1656
Aimco
AIV
$383M
| $23.9M | ﹤0.01% |
3,353,231
+420,008
| +14% | +$3.2M |
|
1657
Dillards
DDS
$9.56B
| $23.9M | ﹤0.01% |
73,799
-845
| -1% | -$275K |
|
1658
First Commonwealth Financial
FCF
$2.17B
| $23.8M | ﹤0.01% |
1,704,522
+52,242
| +3% | +$736K |
|
1659
Digi International
DGII
$3.1B
| $23.8M | ﹤0.01% |
650,652
+32,462
| +5% | +$1.25M |
|
1660
Universal Corp
UVV
$1.27B
| $23.7M | ﹤0.01% |
448,998
+20,587
| +5% | +$1.07M |
|
|
CIM
1661
Chimera Investment
CIM
$1B
| $23.7M | ﹤0.01% |
1,436,012
+71,845
| +5% | +$1.34M |
|
|
DVAX
1662
DELISTED
Dynavax Technologies
DVAX
| $23.6M | ﹤0.01% |
2,217,228
+79,643
| +4% | +$925K |
|
1663
FB Financial Corp
FBK
$3.04B
| $23.5M | ﹤0.01% |
651,206
+31,908
| +5% | +$1.28M |
|
1664
Safety Insurance
SAFT
$1.52B
| $23.4M | ﹤0.01% |
277,981
+7,270
| +3% | +$618K |
|
1665
Upwork
UPWK
$1.19B
| $23.4M | ﹤0.01% |
2,241,237
+87,097
| +4% | +$1.07M |
|
|
PDM
1666
Piedmont Realty Trust
PDM
$1.19B
| $23.3M | ﹤0.01% |
2,545,958
+54,688
| +2% | +$540K |
|
1667
Under Armour Class C
UA
$2.53B
| $23.3M | ﹤0.01% |
2,617,222
+115,569
| +5% | +$879K |
|
1668
Procept Biorobotics
PRCT
$1.17B
| $23.3M | ﹤0.01% |
561,233
+33,203
| +6% | +$1.43M |
|
1669
XPEL
XPEL
$1.38B
| $23.3M | ﹤0.01% |
387,387
+14,128
| +4% | +$902K |
|
|
PRMW
1670
DELISTED
Primo Water Corporation
PRMW
| $23.1M | ﹤0.01% |
1,485,395
+55,553
| +4% | +$808K |
|
1671
BGC Group
BGC
$4.89B
| $23.1M | ﹤0.01% |
6,120,332
+260,768
| +4% | +$1.03M |
|
1672
Travere Therapeutics
TVTX
$5.78B
| $23.1M | ﹤0.01% |
1,097,011
+36,605
| +3% | +$776K |
|
1673
Golar LNG
GLNG
$5.13B
| $23M | ﹤0.01% |
1,010,957
+41,375
| +4% | +$1.04M |
|
1674
Credo Technology Group
CRDO
$46.6B
| $23M | ﹤0.01% |
1,725,246
+53,008
| +3% | +$703K |
|
|
SIX
1675
DELISTED
Six Flags Entertainment Corp.
SIX
| $23M | ﹤0.01% |
987,260
+47,168
| +5% | +$1.01M |
|
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.