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 | |
|---|---|---|---|---|---|---|
1676
Stem
STEM
$52.7M
| $22.9M | ﹤0.01% |
128,214
+4,531
| +4% | +$1.09M |
|
|
AVNS
1677
DELISTED
Avanos Medical
AVNS
| $22.9M | ﹤0.01% |
846,588
+19,331
| +2% | +$473K |
|
1678
Outset Medical
OM
$90.8M
| $22.9M | ﹤0.01% |
59,032
+1,393
| +2% | +$393K |
|
1679
Scorpio Tankers
STNG
$3.81B
| $22.8M | ﹤0.01% |
424,580
+5,726
| +1% | +$286K |
|
1680
Vicor
VICR
$10.2B
| $22.8M | ﹤0.01% |
424,619
+14,169
| +3% | +$745K |
|
|
LAZR
1681
DELISTED
Luminar Technologies
LAZR
| $22.8M | ﹤0.01% |
307,296
+16,461
| +6% | +$1.79M |
|
1682
Newmark Group
NMRK
$2.63B
| $22.8M | ﹤0.01% |
2,858,125
-13,786
| -0.5% | -$115K |
|
1683
Scholastic
SCHL
$792M
| $22.8M | ﹤0.01% |
576,843
+15,275
| +3% | +$568K |
|
1684
Applovin
APP
$116B
| $22.8M | ﹤0.01% |
2,161,426
+118,286
| +6% | +$1.73M |
|
1685
Vericel Corp
VCEL
$2.31B
| $22.7M | ﹤0.01% |
863,329
+30,401
| +4% | +$724K |
|
1686
Shutterstock
SSTK
$219M
| $22.7M | ﹤0.01% |
431,182
+9,258
| +2% | +$472K |
|
1687
Kforce
KFRC
$1.06B
| $22.7M | ﹤0.01% |
414,412
-2,095
| -0.5% | -$121K |
|
1688
Malibu Boats
MBUU
$567M
| $22.7M | ﹤0.01% |
425,887
+1,173
| +0.3% | +$62.9K |
|
1689
Descartes Systems
DSGX
$6.82B
| $22.7M | ﹤0.01% |
323,928
+206,987
| +177% | +$14.1M |
|
1690
Stride
LRN
$3.43B
| $22.6M | ﹤0.01% |
723,257
+20,668
| +3% | +$759K |
|
|
EVRI
1691
DELISTED
Everi Holdings
EVRI
| $22.6M | ﹤0.01% |
1,576,022
+36,192
| +2% | +$601K |
|
1692
TechTarget
TTGT
$278M
| $22.6M | ﹤0.01% |
513,198
+12,895
| +3% | +$676K |
|
1693
Liberty Latin America Class C
LILAK
$1.64B
| $22.6M | ﹤0.01% |
3,267,451
-39,063
| -1% | -$267K |
|
1694
M/I Homes
MHO
$3.84B
| $22.6M | ﹤0.01% |
488,851
+4,977
| +1% | +$214K |
|
1695
Liberty Global Class A
LBTYA
$3.6B
| $22.6M | ﹤0.01% |
1,194,490
-259,976
| -18% | -$4.73M |
|
1696
Marten Transport
MRTN
$1.22B
| $22.5M | ﹤0.01% |
1,137,442
+43,385
| +4% | +$866K |
|
1697
Atlanta Braves Holdings Series B
BATRK
$3.21B
| $22.5M | ﹤0.01% |
696,983
+35,429
| +5% | +$1.1M |
|
1698
Kaiser Aluminum
KALU
$3.02B
| $22.5M | ﹤0.01% |
295,645
+6,257
| +2% | +$501K |
|
1699
Astrana Health
ASTH
$1.77B
| $22.4M | ﹤0.01% |
757,296
+33,908
| +5% | +$1.09M |
|
|
AVTA
1700
DELISTED
Avantax, Inc. Common Stock
AVTA
| $22.4M | ﹤0.01% |
876,914
+31,610
| +4% | +$724K |
|
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.