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 | |
|---|---|---|---|---|---|---|
1701
Mativ Holdings
MATV
$499M
| $20.9M | ﹤0.01% |
947,312
+398,432
| +73% | +$9.12M |
|
|
KYNB
1702
Kyntra Bio
KYNB
$27.8M
| $20.9M | ﹤0.01% |
64,201
+1,705
| +3% | +$549K |
|
1703
S&T Bancorp
STBA
$1.85B
| $20.9M | ﹤0.01% |
711,738
+3,935
| +0.6% | +$118K |
|
1704
CoreCivic
CXW
$3B
| $20.9M | ﹤0.01% |
2,359,656
-31,867
| -1% | -$322K |
|
|
TELL
1705
DELISTED
Tellurian Inc.
TELL
| $20.9M | ﹤0.01% |
8,725,592
+536,834
| +7% | +$1.94M |
|
1706
DoubleVerify
DV
$1.8B
| $20.8M | ﹤0.01% |
761,161
+545,853
| +254% | +$14.1M |
|
1707
Stewart Information Services
STC
$2.1B
| $20.8M | ﹤0.01% |
476,919
+6,010
| +1% | +$307K |
|
1708
National Beverage
FIZZ
$2.95B
| $20.8M | ﹤0.01% |
539,932
+17,361
| +3% | +$868K |
|
|
LFG
1709
DELISTED
Archaea Energy Inc.
LFG
| $20.8M | ﹤0.01% |
1,154,215
+169,717
| +17% | +$2.99M |
|
1710
Brown-Forman Class A
BF.A
$12.9B
| $20.8M | ﹤0.01% |
307,256
+11,986
| +4% | +$858K |
|
1711
CryoPort
CYRX
$781M
| $20.7M | ﹤0.01% |
850,986
+9,580
| +1% | +$330K |
|
1712
B&G Foods
BGS
$289M
| $20.7M | ﹤0.01% |
1,256,436
+81,717
| +7% | +$1.81M |
|
|
CSR
1713
Centerspace
CSR
$934M
| $20.7M | ﹤0.01% |
307,010
+3,296
| +1% | +$262K |
|
1714
Montauk Renewables
MNTK
$243M
| $20.6M | ﹤0.01% |
1,183,216
+14,854
| +1% | +$222K |
|
1715
Wolverine World Wide
WWW
$1.62B
| $20.6M | ﹤0.01% |
1,339,308
-11,739
| -0.9% | -$242K |
|
|
MODN
1716
DELISTED
MODEL N, INC.
MODN
| $20.6M | ﹤0.01% |
601,405
+5,159
| +0.9% | +$149K |
|
1717
Pathward Financial
CASH
$1.92B
| $20.5M | ﹤0.01% |
622,998
+10,680
| +2% | +$384K |
|
1718
Core & Main
CNM
$8.56B
| $20.5M | ﹤0.01% |
900,028
+166,930
| +23% | +$3.9M |
|
1719
OceanFirst Financial
OCFC
$1.71B
| $20.4M | ﹤0.01% |
1,095,491
+28,498
| +3% | +$570K |
|
|
NXRT
1720
NexPoint Residential Trust
NXRT
$662M
| $20.4M | ﹤0.01% |
441,196
+869
| +0.2% | +$50.1K |
|
1721
Malibu Boats
MBUU
$547M
| $20.4M | ﹤0.01% |
424,714
+6,567
| +2% | +$387K |
|
1722
Dillards
DDS
$9.58B
| $20.4M | ﹤0.01% |
74,644
-3,527
| -5% | -$933K |
|
1723
Virtus Investment Partners
VRTS
$1.13B
| $20.3M | ﹤0.01% |
127,466
-1,871
| -1% | -$359K |
|
1724
Sphere Entertainment
SPHR
$5.29B
| $20.3M | ﹤0.01% |
461,156
+16,501
| +4% | +$926K |
|
|
EQRX
1725
DELISTED
EQRx, Inc. Common Stock
EQRX
| $20.3M | ﹤0.01% |
4,107,345
+606,411
| +17% | +$3.06M |
|
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.