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 | |
|---|---|---|---|---|---|---|
1876
Ubiquiti
UI
$33.7B
| $16.5M | ﹤0.01% |
56,209
-15,857
| -22% | -$4.68M |
|
1877
Enova International
ENVA
$6.33B
| $16.5M | ﹤0.01% |
563,275
-84,761
| -13% | -$2.84M |
|
1878
The GEO Group
GEO
$4.13B
| $16.5M | ﹤0.01% |
2,139,364
+29,276
| +1% | +$216K |
|
1879
Green Dot
GDOT
$743M
| $16.5M | ﹤0.01% |
867,363
-33,703
| -4% | -$777K |
|
1880
Rocket Lab Corp
RKLB
$40.6B
| $16.4M | ﹤0.01% |
4,027,840
+675,984
| +20% | +$3.33M |
|
|
RFP
1881
DELISTED
Resolute Forest Products Inc.
RFP
| $16.4M | ﹤0.01% |
819,625
-110,038
| -12% | -$2.21M |
|
|
JAMF
1882
DELISTED
Jamf
JAMF
| $16.4M | ﹤0.01% |
739,348
-77,792
| -10% | -$1.92M |
|
1883
NetEase
NTES
$85.3B
| $16.4M | ﹤0.01% |
216,305
+6,752
| +3% | +$594K |
|
1884
Federal Agricultural Mortgage
AGM
$2.47B
| $16.4M | ﹤0.01% |
165,171
-94
| -0.1% | -$9.97K |
|
|
PLL
1885
DELISTED
Piedmont Lithium
PLL
| $16.4M | ﹤0.01% |
306,140
-3,938
| -1% | -$203K |
|
1886
AMERISAFE
AMSF
$543M
| $16.4M | ﹤0.01% |
350,266
-40,048
| -10% | -$1.93M |
|
|
BRKL
1887
DELISTED
Brookline Bancorp
BRKL
| $16.4M | ﹤0.01% |
1,404,583
+31,848
| +2% | +$421K |
|
|
AVTA
1888
DELISTED
Avantax, Inc. Common Stock
AVTA
| $16.3M | ﹤0.01% |
845,304
+19,627
| +2% | +$395K |
|
|
KREF
1889
KKR Real Estate Finance Trust
KREF
$448M
| $16.3M | ﹤0.01% |
1,005,273
+110,607
| +12% | +$2.08M |
|
1890
Kura Oncology
KURA
$800M
| $16.3M | ﹤0.01% |
1,189,755
-14,555
| -1% | -$225K |
|
|
DCPH
1891
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $16.2M | ﹤0.01% |
877,693
+52,087
| +6% | +$817K |
|
|
RTL
1892
DELISTED
The Necessity Retail REIT, Inc. Class A Common Stock
RTL
| $16.2M | ﹤0.01% |
2,761,029
+11,463
| +0.4% | +$84.8K |
|
|
FBRT
1893
Franklin BSP Realty Trust
FBRT
$630M
| $16.2M | ﹤0.01% |
1,506,521
-68,227
| -4% | -$938K |
|
1894
Healthcare Services Group
HCSG
$1.6B
| $16.2M | ﹤0.01% |
1,339,785
+24,758
| +2% | +$365K |
|
1895
Aclaris Therapeutics
ACRS
$726M
| $16.2M | ﹤0.01% |
1,028,723
+71,507
| +7% | +$1.13M |
|
1896
Photronics
PLAB
$1.79B
| $16.2M | ﹤0.01% |
1,105,547
-13,297
| -1% | -$262K |
|
1897
Expro Ltd
XPRO
$1.79B
| $16.1M | ﹤0.01% |
1,267,076
+352,197
| +38% | +$4.27M |
|
1898
Consensus Cloud Solutions
CCSI
$670M
| $16.1M | ﹤0.01% |
340,951
+18,119
| +6% | +$933K |
|
1899
AZZ Inc
AZZ
$4.35B
| $16.1M | ﹤0.01% |
439,815
+7,772
| +2% | +$324K |
|
1900
TTEC Holdings
TTEC
$121M
| $16.1M | ﹤0.01% |
362,329
+9,745
| +3% | +$580K |
|
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.