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 | |
|---|---|---|---|---|---|---|
1676
Claros Mortgage Trust
CMTG
$250M
| $21.4M | ﹤0.01% |
1,826,126
+1,057,569
| +138% | +$18.1M |
|
|
PYCR
1677
DELISTED
Paycor HCM, Inc. Common Stock
PYCR
| $21.4M | ﹤0.01% |
724,913
+144,141
| +25% | +$4.17M |
|
1678
Alamo Group
ALG
$1.94B
| $21.4M | ﹤0.01% |
175,229
+5,488
| +3% | +$698K |
|
|
AIV
1679
Aimco
AIV
$387M
| $21.4M | ﹤0.01% |
2,933,223
+8,371
| +0.3% | +$68.7K |
|
1680
OSI Systems
OSIS
$3.65B
| $21.4M | ﹤0.01% |
296,717
+5,483
| +2% | +$480K |
|
1681
Digi International
DGII
$2.63B
| $21.4M | ﹤0.01% |
618,190
+10,834
| +2% | +$336K |
|
|
CIM
1682
Chimera Investment
CIM
$1.04B
| $21.4M | ﹤0.01% |
1,364,167
-1,017
| -0.1% | -$26.5K |
|
|
CDMO
1683
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $21.3M | ﹤0.01% |
1,115,714
+6,955
| +0.6% | +$127K |
|
1684
AAR Corp
AIR
$5.59B
| $21.3M | ﹤0.01% |
594,809
+12,065
| +2% | +$514K |
|
|
UCTT
1685
Ultra Clean Holdings
UCTT
$3.73B
| $21.3M | ﹤0.01% |
827,093
+5,360
| +0.7% | +$164K |
|
1686
iShares MSCI Taiwan ETF
EWT
$9.86B
| – | – |
0
| – | – |
|
1687
Energy Recovery
ERII
$446M
| $21.2M | ﹤0.01% |
977,417
+162,781
| +20% | +$3.67M |
|
1688
First Commonwealth Financial
FCF
$2.18B
| $21.2M | ﹤0.01% |
1,652,280
+24,186
| +1% | +$339K |
|
|
PGTI
1689
DELISTED
PGT, Inc.
PGTI
| $21.2M | ﹤0.01% |
1,011,203
+6,718
| +0.7% | +$138K |
|
1690
Shutterstock
SSTK
$198M
| $21.2M | ﹤0.01% |
421,924
-31,807
| -7% | -$1.83M |
|
|
NEX
1691
DELISTED
NexTier Oilfield Solutions Inc.
NEX
| $21.1M | ﹤0.01% |
2,855,254
+30,362
| +1% | +$266K |
|
|
AVDX
1692
DELISTED
AvidXchange
AVDX
| $21.1M | ﹤0.01% |
2,502,581
+956,155
| +62% | +$7.41M |
|
1693
Worthington Enterprises
WOR
$2.75B
| $21.1M | ﹤0.01% |
896,080
-29,162
| -3% | -$892K |
|
1694
Hilltop Holdings
HTH
$2.26B
| $21.1M | ﹤0.01% |
847,397
-119,992
| -12% | -$3.27M |
|
1695
OFG Bancorp
OFG
$2.23B
| $21M | ﹤0.01% |
837,495
-6,873
| -0.8% | -$187K |
|
1696
Allegiant Air
ALGT
$2.64B
| $21M | ﹤0.01% |
288,341
+11,593
| +4% | +$1.2M |
|
1697
First Busey Corp
BUSE
$2.57B
| $21M | ﹤0.01% |
956,146
+24,353
| +3% | +$578K |
|
1698
Gray Television
GTN
$415M
| $21M | ﹤0.01% |
1,466,718
-15,059
| -1% | -$276K |
|
1699
Marten Transport
MRTN
$1.21B
| $21M | ﹤0.01% |
1,094,057
+7,379
| +0.7% | +$148K |
|
1700
St. Joe Company
JOE
$3.54B
| $20.9M | ﹤0.01% |
653,933
+8,089
| +1% | +$314K |
|
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.