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 | |
|---|---|---|---|---|---|---|
1751
Uranium Energy
UEC
$4.75B
| $19.6M | ﹤0.01% |
5,592,722
+893,588
| +19% | +$3.41M |
|
1752
Upstart Holdings
UPST
$2.63B
| $19.6M | ﹤0.01% |
940,792
+152,993
| +19% | +$4.11M |
|
1753
Perimeter Solutions
PRM
$4.99B
| $19.5M | ﹤0.01% |
2,438,146
+1,335,988
| +121% | +$13.8M |
|
1754
Remitly
RELY
$4.79B
| $19.5M | ﹤0.01% |
1,755,494
+951,314
| +118% | +$9.92M |
|
1755
BridgeBio Pharma
BBIO
$15.7B
| $19.5M | ﹤0.01% |
1,963,877
-6,569
| -0.3% | -$68.3K |
|
1756
DNOW Inc
DNOW
$2.58B
| $19.5M | ﹤0.01% |
1,941,198
+23,987
| +1% | +$259K |
|
1757
TriMas Corp
TRS
$1.43B
| $19.4M | ﹤0.01% |
775,575
-747
| -0.1% | -$20.6K |
|
1758
Construction Partners
ROAD
$5.84B
| $19.4M | ﹤0.01% |
740,985
+13,230
| +2% | +$347K |
|
|
PMT
1759
PennyMac Mortgage Investment
PMT
$822M
| $19.4M | ﹤0.01% |
1,646,743
+18,110
| +1% | +$265K |
|
1760
Donnelley Financial Solutions
DFIN
$1.16B
| $19.3M | ﹤0.01% |
523,115
+33,301
| +7% | +$1.25M |
|
1761
Vericel Corp
VCEL
$2.35B
| $19.3M | ﹤0.01% |
832,928
+13,232
| +2% | +$361K |
|
1762
US Physical Therapy
USPH
$1.2B
| $19.3M | ﹤0.01% |
254,086
+6,958
| +3% | +$669K |
|
|
NKLA
1763
DELISTED
Nikola Corporation Common Stock
NKLA
| $19.3M | ﹤0.01% |
182,467
+29,948
| +20% | +$5.07M |
|
1764
ADT
ADT
$5.58B
| $19.3M | ﹤0.01% |
2,571,383
-420,927
| -14% | -$3.17M |
|
1765
BCE
BCE
$20.2B
| $19.2M | ﹤0.01% |
413,281
+19,833
| +5% | +$964K |
|
|
PTRA
1766
DELISTED
Proterra Inc. Common Stock
PTRA
| $19.2M | ﹤0.01% |
3,855,267
+172,472
| +5% | +$967K |
|
1767
HNI Corp
HNI
$3.24B
| $19.2M | ﹤0.01% |
723,051
+7,434
| +1% | +$247K |
|
1768
National Bank Holdings
NBHC
$1.92B
| $19.1M | ﹤0.01% |
516,578
+6,469
| +1% | +$260K |
|
|
CCRN
1769
DELISTED
Cross Country Healthcare
CCRN
| $19M | ﹤0.01% |
670,003
+18,041
| +3% | +$464K |
|
1770
Globalstar
GSAT
$10.7B
| $19M | ﹤0.01% |
794,916
+34,460
| +5% | +$831K |
|
1771
Novavax
NVAX
$1.2B
| $18.9M | ﹤0.01% |
1,041,232
+18,636
| +2% | +$808K |
|
|
SPTN
1772
DELISTED
SpartanNash
SPTN
| $18.9M | ﹤0.01% |
652,131
+6,985
| +1% | +$217K |
|
1773
Enanta Pharmaceuticals
ENTA
$366M
| $18.8M | ﹤0.01% |
362,981
+16,709
| +5% | +$976K |
|
1774
Regenxbio
RGNX
$620M
| $18.7M | ﹤0.01% |
707,573
+7,805
| +1% | +$232K |
|
1775
Brinker International
EAT
$9.17B
| $18.7M | ﹤0.01% |
748,548
+11,806
| +2% | +$319K |
|
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.