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 | |
|---|---|---|---|---|---|---|
|
AGNT
1851
AGNT Inc
AGNT
$666M
| $17.1M | ﹤0.01% |
1,525,595
+72,172
| +5% | +$1.01M |
|
1852
Mirion Technologies
MIR
$3.73B
| $17.1M | ﹤0.01% |
2,288,628
+206,281
| +10% | +$1.45M |
|
|
DCT
1853
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $17.1M | ﹤0.01% |
1,442,721
+43,105
| +3% | +$570K |
|
1854
Grid Dynamics Holdings
GDYN
$559M
| $17.1M | ﹤0.01% |
912,661
+57,345
| +7% | +$1.09M |
|
1855
Tompkins Financial
TMP
$1.43B
| $17M | ﹤0.01% |
234,625
+12,222
| +5% | +$914K |
|
1856
Central Garden & Pet Co
CENT
$2.69B
| $17M | ﹤0.01% |
590,638
-27,158
| -4% | -$906K |
|
|
PFC
1857
DELISTED
Premier Financial Corp. Common Stock
PFC
| $17M | ﹤0.01% |
662,110
+14,501
| +2% | +$392K |
|
1858
Coeur Mining
CDE
$15.4B
| $17M | ﹤0.01% |
4,969,525
+158,146
| +3% | +$469K |
|
1859
Camping World
CWH
$639M
| $17M | ﹤0.01% |
671,045
+18,724
| +3% | +$521K |
|
|
ADAM
1860
Adamas Trust
ADAM
$815M
| $17M | ﹤0.01% |
1,814,868
+85,610
| +5% | +$971K |
|
1861
Tidewater
TDW
$3.73B
| $17M | ﹤0.01% |
782,422
+93,986
| +14% | +$2M |
|
|
HEES
1862
DELISTED
H&E Equipment Services
HEES
| $17M | ﹤0.01% |
598,476
+31,857
| +6% | +$1M |
|
1863
Heritage Financial
HFWA
$1.22B
| $17M | ﹤0.01% |
640,554
+8,896
| +1% | +$235K |
|
|
WNS
1864
DELISTED
WNS Holdings
WNS
| $16.9M | ﹤0.01% |
206,798
+32,099
| +18% | +$2.67M |
|
1865
Clean Energy Fuels
CLNE
$427M
| $16.9M | ﹤0.01% |
3,160,595
+53,403
| +2% | +$335K |
|
1866
Upbound Group
UPBD
$1.13B
| $16.9M | ﹤0.01% |
963,373
-9,857
| -1% | -$245K |
|
|
CMRC
1867
Commerce.com Inc Series 1
CMRC
$258M
| $16.9M | ﹤0.01% |
1,139,358
+29,993
| +3% | +$514K |
|
1868
C3.ai
AI
$1.43B
| $16.8M | ﹤0.01% |
1,345,253
+123,328
| +10% | +$2.21M |
|
1869
Under Armour
UAA
$2.84B
| $16.7M | ﹤0.01% |
2,516,119
+42,608
| +2% | +$373K |
|
|
UMH
1870
UMH Properties
UMH
$1.29B
| $16.7M | ﹤0.01% |
1,033,748
+3,364
| +0.3% | +$63.2K |
|
1871
Dine Brands
DIN
$456M
| $16.7M | ﹤0.01% |
262,406
-16,384
| -6% | -$1.14M |
|
|
INFN
1872
DELISTED
Infinera Corporation Common Stock
INFN
| $16.7M | ﹤0.01% |
3,445,715
-154,020
| -4% | -$844K |
|
|
SIX
1873
DELISTED
Six Flags Entertainment Corp.
SIX
| $16.6M | ﹤0.01% |
940,092
-34,302
| -4% | -$774K |
|
1874
Veeco
VECO
$3.05B
| $16.6M | ﹤0.01% |
904,973
+15,834
| +2% | +$324K |
|
1875
Employers Holdings
EIG
$908M
| $16.6M | ﹤0.01% |
480,548
+4,451
| +0.9% | +$175K |
|
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.