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 | |
|---|---|---|---|---|---|---|
1826
AZZ Inc
AZZ
$4.54B
| $18.2M | ﹤0.01% |
453,954
+14,139
| +3% | +$556K |
|
1827
La-Z-Boy
LZB
$1.69B
| $18.2M | ﹤0.01% |
799,426
+22,078
| +3% | +$537K |
|
1828
Cytek Biosciences
CTKB
$546M
| $18.2M | ﹤0.01% |
1,786,135
+55,467
| +3% | +$745K |
|
1829
Hillman Solutions
HLMN
$1.79B
| $18.2M | ﹤0.01% |
2,528,911
+105,072
| +4% | +$790K |
|
|
PFC
1830
DELISTED
Premier Financial Corp. Common Stock
PFC
| $18.2M | ﹤0.01% |
675,520
+13,410
| +2% | +$375K |
|
|
CCC
1831
CCC Intelligent Solutions
CCC
$4.08B
| $18.2M | ﹤0.01% |
2,089,425
+587,894
| +39% | +$5.24M |
|
1832
Asana
ASAN
$2.13B
| $18.2M | ﹤0.01% |
1,318,201
+34,973
| +3% | +$634K |
|
1833
Sterling Infrastructure
STRL
$16.7B
| $18.2M | ﹤0.01% |
553,392
+20,824
| +4% | +$612K |
|
|
MFA
1834
MFA Financial
MFA
$933M
| $18.1M | ﹤0.01% |
1,841,935
+93,689
| +5% | +$942K |
|
1835
Astec Industries
ASTE
$1.02B
| $18.1M | ﹤0.01% |
445,821
+21,448
| +5% | +$866K |
|
1836
ACV Auctions
ACVA
$1.3B
| $18.1M | ﹤0.01% |
2,205,370
+99,138
| +5% | +$828K |
|
|
CCRN
1837
DELISTED
Cross Country Healthcare
CCRN
| $18.1M | ﹤0.01% |
680,994
+10,991
| +2% | +$359K |
|
1838
Iovance Biotherapeutics
IOVA
$2.87B
| $17.9M | ﹤0.01% |
2,806,381
+134,223
| +5% | +$1.05M |
|
1839
Live Oak Bancshares
LOB
$1.97B
| $17.9M | ﹤0.01% |
593,051
-15,205
| -2% | -$485K |
|
1840
Apogee Enterprises
APOG
$908M
| $17.9M | ﹤0.01% |
401,946
+9,998
| +3% | +$451K |
|
1841
Revolve Group
RVLV
$1.73B
| $17.9M | ﹤0.01% |
802,693
+6,019
| +0.8% | +$144K |
|
|
RFP
1842
DELISTED
Resolute Forest Products Inc.
RFP
| $17.9M | ﹤0.01% |
827,063
+7,438
| +0.9% | +$156K |
|
|
RC
1843
Ready Capital
RC
$308M
| $17.8M | ﹤0.01% |
1,601,403
+48,266
| +3% | +$581K |
|
1844
Gildan
GIL
$10.6B
| $17.8M | ﹤0.01% |
631,569
-6,388
| -1% | -$185K |
|
1845
ZipRecruiter
ZIP
$423M
| $17.8M | ﹤0.01% |
1,086,266
-43,488
| -4% | -$721K |
|
|
CHCT
1846
Community Healthcare Trust
CHCT
$454M
| $17.8M | ﹤0.01% |
497,657
+15,632
| +3% | +$532K |
|
1847
Immunovant
IMVT
$8.25B
| $17.8M | ﹤0.01% |
1,003,595
+189,926
| +23% | +$2.39M |
|
1848
Origin Bancorp
OBK
$1.66B
| $17.8M | ﹤0.01% |
485,176
+17,614
| +4% | +$700K |
|
|
RPT
1849
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $17.7M | ﹤0.01% |
1,764,239
+52,451
| +3% | +$518K |
|
|
PRO
1850
DELISTED
PROS Holdings
PRO
| $17.7M | ﹤0.01% |
730,004
+15,308
| +2% | +$375K |
|
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.