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 | |
|---|---|---|---|---|---|---|
|
IMGN
1801
DELISTED
Immunogen Inc
IMGN
| $19M | ﹤0.01% |
3,839,090
+131,812
| +4% | +$715K |
|
1802
Replimune Group
REPL
$1.01B
| $19M | ﹤0.01% |
699,145
+14,132
| +2% | +$294K |
|
1803
Utz Brands
UTZ
$1.25B
| $19M | ﹤0.01% |
1,198,547
+55,464
| +5% | +$920K |
|
|
MGI
1804
DELISTED
MoneyGram International, Inc. New
MGI
| $19M | ﹤0.01% |
1,745,207
+35,060
| +2% | +$375K |
|
1805
Federal Agricultural Mortgage
AGM
$2.56B
| $19M | ﹤0.01% |
168,473
+3,302
| +2% | +$380K |
|
1806
Tompkins Financial
TMP
$1.42B
| $19M | ﹤0.01% |
244,434
+9,809
| +4% | +$782K |
|
1807
Nicolet Bankshares
NIC
$3.62B
| $18.9M | ﹤0.01% |
237,263
+24,114
| +11% | +$1.88M |
|
1808
Adeia
ADEA
$3.11B
| $18.9M | ﹤0.01% |
1,990,783
-12,606,337
| -86% | -$128M |
|
1809
CAE Inc. Common Shares
CAE
$8.74B
| $18.9M | ﹤0.01% |
980,777
+10,789
| +1% | +$207K |
|
|
PGTI
1810
DELISTED
PGT, Inc.
PGTI
| $18.9M | ﹤0.01% |
1,050,278
+39,075
| +4% | +$795K |
|
1811
Schrodinger
SDGR
$1.36B
| $18.8M | ﹤0.01% |
1,008,367
+24,525
| +2% | +$508K |
|
|
ADAM
1812
Adamas Trust
ADAM
$883M
| $18.8M | ﹤0.01% |
1,837,740
+22,872
| +1% | +$244K |
|
1813
AdvanSix
ASIX
$444M
| $18.8M | ﹤0.01% |
494,947
+8,702
| +2% | +$326K |
|
1814
Preferred Bank
PFBC
$1.25B
| $18.8M | ﹤0.01% |
252,184
+7,562
| +3% | +$551K |
|
1815
Core & Main
CNM
$8.71B
| $18.7M | ﹤0.01% |
966,277
+66,249
| +7% | +$1.41M |
|
|
DO
1816
DELISTED
Diamond Offshore Drilling, Inc.
DO
| $18.7M | ﹤0.01% |
1,793,923
+75,359
| +4% | +$689K |
|
1817
Kymera Therapeutics
KYMR
$8.94B
| $18.6M | ﹤0.01% |
747,071
+45,849
| +7% | +$1.22M |
|
|
CSR
1818
Centerspace
CSR
$952M
| $18.6M | ﹤0.01% |
316,580
+9,570
| +3% | +$619K |
|
1819
Central Garden & Pet Co
CENT
$2.8B
| $18.6M | ﹤0.01% |
619,816
+29,178
| +5% | +$923K |
|
1820
AMERISAFE
AMSF
$540M
| $18.5M | ﹤0.01% |
356,853
+6,587
| +2% | +$349K |
|
1821
Orion
OEC
$409M
| $18.5M | ﹤0.01% |
1,040,847
+30,532
| +3% | +$513K |
|
1822
Empire State Realty Trust
ESRT
$836M
| $18.4M | ﹤0.01% |
2,724,481
+21,674
| +0.8% | +$153K |
|
1823
Modine Manufacturing
MOD
$10.4B
| $18.4M | ﹤0.01% |
924,009
+30,018
| +3% | +$557K |
|
1824
BP
BP
$107B
| $18.3M | ﹤0.01% |
523,252
-286,974
| -35% | -$9.55M |
|
1825
LeMaitre Vascular
LMAT
$1.86B
| $18.3M | ﹤0.01% |
396,912
+3,726
| +0.9% | +$174K |
|
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.