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 | |
|---|---|---|---|---|---|---|
151
Realty Income
O
$58.5B
| $911M | 0.13% |
14,354,940
+465,470
| +3% | +$28.9M |
|
152
Amphenol
APH
$212B
| $911M | 0.13% |
23,971,754
+645,446
| +3% | +$24.4M |
|
153
Archer Daniels Midland
ADM
$37.4B
| $911M | 0.13% |
9,825,941
-331,767
| -3% | -$30.6M |
|
154
Agilent Technologies
A
$39.9B
| $908M | 0.13% |
6,081,450
+106,712
| +2% | +$15.2M |
|
155
Edwards Lifesciences
EW
$51.2B
| $904M | 0.13% |
12,136,243
+205,714
| +2% | +$15.9M |
|
156
HCA Healthcare
HCA
$88.7B
| $898M | 0.13% |
3,748,932
+9,107
| +0.2% | +$2.04M |
|
157
Williams Companies
WMB
$87.8B
| $895M | 0.13% |
27,242,720
+273,005
| +1% | +$8.89M |
|
158
Sempra
SRE
$55.3B
| $894M | 0.13% |
11,595,670
+61,722
| +0.5% | +$4.78M |
|
159
Dominion Energy
D
$60B
| $885M | 0.12% |
14,464,269
+260,312
| +2% | +$16.3M |
|
160
Valero Energy
VLO
$87.1B
| $882M | 0.12% |
6,954,316
-247,970
| -3% | -$31.1M |
|
161
Motorola Solutions
MSI
$72.7B
| $878M | 0.12% |
3,411,585
+78,777
| +2% | +$19.7M |
|
162
Simon Property Group
SPG
$72.9B
| $867M | 0.12% |
7,379,220
-547,435
| -7% | -$60.8M |
|
163
Kimberly-Clark
KMB
$37.3B
| $862M | 0.12% |
6,357,163
+147,641
| +2% | +$18.8M |
|
164
Arthur J. Gallagher & Co
AJG
$64.3B
| $854M | 0.12% |
4,534,836
+66,186
| +1% | +$12.4M |
|
165
Corteva
CTVA
$52.5B
| $852M | 0.12% |
14,517,876
+31,541
| +0.2% | +$2M |
|
166
MetLife
MET
$61.9B
| $848M | 0.12% |
11,730,874
-273,283
| -2% | -$19.6M |
|
167
Xcel Energy
XEL
$48.2B
| $847M | 0.12% |
12,088,995
+217,755
| +2% | +$14.5M |
|
168
Aflac
AFL
$63.9B
| $846M | 0.12% |
11,782,967
-171,044
| -1% | -$11.5M |
|
169
General Motors
GM
$78.2B
| $844M | 0.12% |
25,133,861
-449,798
| -2% | -$16.6M |
|
170
Ross Stores
ROST
$81.2B
| $838M | 0.12% |
7,235,856
+120,161
| +2% | +$12.3M |
|
171
American International
AIG
$42.5B
| $835M | 0.12% |
13,227,041
-278,667
| -2% | -$16.2M |
|
172
Occidental Petroleum
OXY
$53.5B
| $833M | 0.12% |
13,229,440
-681,483
| -5% | -$46.4M |
|
173
Travelers Companies
TRV
$79.8B
| $826M | 0.12% |
4,409,763
+19,767
| +0.5% | +$3.56M |
|
174
Cintas
CTAS
$80.6B
| $825M | 0.12% |
7,319,424
+206,348
| +3% | +$22.3M |
|
175
Centene
CNC
$33.1B
| $823M | 0.12% |
10,049,399
-165,930
| -2% | -$13.6M |
|
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.