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 | |
|---|---|---|---|---|---|---|
1801
Freshworks
FRSH
$3.14B
| $18.3M | ﹤0.01% |
1,407,974
+309,277
| +28% | +$4.38M |
|
1802
Tennant Co
TNC
$1.43B
| $18.3M | ﹤0.01% |
322,802
+2,255
| +0.7% | +$141K |
|
|
VRE
1803
DELISTED
Veris Residential
VRE
| $18.2M | ﹤0.01% |
1,603,807
-149,134
| -9% | -$2M |
|
1804
Pilgrim's Pride
PPC
$6.51B
| $18.2M | ﹤0.01% |
791,557
-5,555
| -0.7% | -$161K |
|
1805
Alignment Healthcare
ALHC
$3.08B
| $18.2M | ﹤0.01% |
1,537,054
+472,786
| +44% | +$6.9M |
|
1806
Atlanta Braves Holdings Series B
BATRK
$3.26B
| $18.2M | ﹤0.01% |
661,554
+2,236
| +0.3% | +$61K |
|
1807
Relmada Therapeutics
RLMD
$557M
| $18.2M | ﹤0.01% |
490,812
-6,515
| -1% | -$180K |
|
1808
Coursera
COUR
$1.52B
| $18.1M | ﹤0.01% |
1,683,597
+33,997
| +2% | +$451K |
|
1809
Zentalis Pharmaceuticals
ZNTL
$337M
| $18.1M | ﹤0.01% |
836,210
+54,766
| +7% | +$1.5M |
|
1810
Fastly Inc
FSLY
$3.55B
| $18.1M | ﹤0.01% |
1,971,059
+58,889
| +3% | +$627K |
|
1811
3D Systems Corp
DDD
$431M
| $18M | ﹤0.01% |
2,261,575
-265,300
| -10% | -$2.73M |
|
|
AVNS
1812
DELISTED
Avanos Medical
AVNS
| $18M | ﹤0.01% |
827,257
+5,788
| +0.7% | +$151K |
|
1813
Origin Bancorp
OBK
$1.69B
| $18M | ﹤0.01% |
467,562
+63,958
| +16% | +$2.65M |
|
|
PRMW
1814
DELISTED
Primo Water Corporation
PRMW
| $17.9M | ﹤0.01% |
1,429,842
+47,810
| +3% | +$640K |
|
1815
Chefs' Warehouse
CHEF
$4.71B
| $17.9M | ﹤0.01% |
618,008
+13,396
| +2% | +$468K |
|
1816
Amylyx Pharmaceuticals
AMLX
$2.26B
| $17.9M | ﹤0.01% |
635,556
+404,139
| +175% | +$10.1M |
|
1817
Patrick Industries
PATK
$2.74B
| $17.9M | ﹤0.01% |
610,883
+8,522
| +1% | +$310K |
|
|
AKRO
1818
DELISTED
Akero Therapeutics
AKRO
| $17.8M | ﹤0.01% |
523,289
+55,304
| +12% | +$846K |
|
|
LADR
1819
Ladder Capital
LADR
$1.21B
| $17.8M | ﹤0.01% |
1,988,014
-71,256
| -3% | -$786K |
|
|
MGI
1820
DELISTED
MoneyGram International, Inc. New
MGI
| $17.8M | ﹤0.01% |
1,710,147
+27,475
| +2% | +$283K |
|
1821
Enerpac Tool Group
EPAC
$1.83B
| $17.8M | ﹤0.01% |
995,777
-20,873
| -2% | -$406K |
|
1822
Kaiser Aluminum
KALU
$2.61B
| $17.8M | ﹤0.01% |
289,388
+8,142
| +3% | +$598K |
|
1823
PureCycle Technologies
PCT
$1.28B
| $17.7M | ﹤0.01% |
2,197,433
+295,705
| +16% | +$2.53M |
|
1824
Empire State Realty Trust
ESRT
$872M
| $17.7M | ﹤0.01% |
2,702,807
-40,373
| -1% | -$300K |
|
|
SVC
1825
Service Properties Trust
SVC
$1.04B
| $17.7M | ﹤0.01% |
683,064
-8,525
| -1% | -$283K |
|
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.