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 | |
|---|---|---|---|---|---|---|
1851
Matthews International
MATW
$739M
| $17.7M | ﹤0.01% |
580,944
+15,135
| +3% | +$423K |
|
|
RADI
1852
DELISTED
Radius Global Infrastructure, Inc. Class A Common Stock
RADI
| $17.7M | ﹤0.01% |
1,494,955
+71,057
| +5% | +$736K |
|
1853
Enanta Pharmaceuticals
ENTA
$400M
| $17.6M | ﹤0.01% |
378,941
+15,960
| +4% | +$728K |
|
1854
Columbus McKinnon
CMCO
$584M
| $17.6M | ﹤0.01% |
542,161
+11,082
| +2% | +$327K |
|
1855
Sturm, Ruger & Co
RGR
$593M
| $17.6M | ﹤0.01% |
346,960
+2,994
| +0.9% | +$163K |
|
1856
RadNet
RDNT
$5.69B
| $17.6M | ﹤0.01% |
932,303
+33,784
| +4% | +$632K |
|
1857
SSR Mining
SSRM
$6.48B
| $17.5M | ﹤0.01% |
1,119,152
+59,913
| +6% | +$878K |
|
1858
3D Systems Corp
DDD
$613M
| $17.5M | ﹤0.01% |
2,368,914
+107,339
| +5% | +$942K |
|
1859
Dine Brands
DIN
$452M
| $17.5M | ﹤0.01% |
270,620
+8,214
| +3% | +$572K |
|
1860
Veeco
VECO
$3.23B
| $17.5M | ﹤0.01% |
940,799
+35,826
| +4% | +$673K |
|
|
AVID
1861
DELISTED
Avid Technology Inc
AVID
| $17.4M | ﹤0.01% |
654,299
+6,615
| +1% | +$174K |
|
|
DCT
1862
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
| $17.4M | ﹤0.01% |
1,441,745
-976
| -0.1% | -$11.2K |
|
|
AGNT
1863
AGNT Inc
AGNT
$734M
| $17.3M | ﹤0.01% |
1,563,817
+38,222
| +3% | +$463K |
|
1864
ProPetro Holding
PUMP
$1.35B
| $17.3M | ﹤0.01% |
1,670,864
+139,397
| +9% | +$1.47M |
|
1865
Futu Holdings
FUTU
$15.3B
| $17.3M | ﹤0.01% |
429,927
-527
| -0.1% | -$25.7K |
|
|
PRA
1866
DELISTED
ProAssurance
PRA
| $17.3M | ﹤0.01% |
989,850
+41,896
| +4% | +$826K |
|
1867
Zentalis Pharmaceuticals
ZNTL
$302M
| $17.3M | ﹤0.01% |
857,217
+21,007
| +3% | +$452K |
|
1868
Benchmark Electronics
BHE
$2.96B
| $17.2M | ﹤0.01% |
645,284
+27,897
| +5% | +$772K |
|
1869
Coeur Mining
CDE
$17.9B
| $17.2M | ﹤0.01% |
5,124,613
+155,088
| +3% | +$551K |
|
1870
Marcus & Millichap
MMI
$1.19B
| $17.2M | ﹤0.01% |
499,686
+18,410
| +4% | +$653K |
|
1871
Qfin Holdings
QFIN
$1.61B
| $17.2M | ﹤0.01% |
847,188
+42,993
| +5% | +$638K |
|
|
UMH
1872
UMH Properties
UMH
$1.36B
| $17.2M | ﹤0.01% |
1,067,054
+33,306
| +3% | +$560K |
|
1873
Alphatec Holdings
ATEC
$1.44B
| $17.2M | ﹤0.01% |
1,389,216
+64,732
| +5% | +$652K |
|
1874
Gogo Inc
GOGO
$492M
| $17.1M | ﹤0.01% |
1,161,272
+25,102
| +2% | +$362K |
|
|
SUMO
1875
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $17.1M | ﹤0.01% |
2,109,944
+91,011
| +5% | +$693K |
|
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.