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 | |
|---|---|---|---|---|---|---|
|
MNTV
1901
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $16.6M | ﹤0.01% |
2,372,164
+13,790
| +0.6% | +$99.5K |
|
|
JAMF
1902
DELISTED
Jamf
JAMF
| $16.6M | ﹤0.01% |
778,188
+38,840
| +5% | +$854K |
|
1903
Center Bancorp
CNOB
$1.78B
| $16.6M | ﹤0.01% |
684,522
+17,484
| +3% | +$430K |
|
1904
Central Garden & Pet Co Class A
CENTA
$2.44B
| $16.6M | ﹤0.01% |
578,625
+18,015
| +3% | +$541K |
|
1905
1st Source
SRCE
$2.12B
| $16.6M | ﹤0.01% |
311,835
+11,442
| +4% | +$623K |
|
1906
Cinemark Holdings
CNK
$4.32B
| $16.5M | ﹤0.01% |
1,906,280
+44,883
| +2% | +$506K |
|
1907
FTAI Aviation
FTAI
$22.2B
| $16.5M | ﹤0.01% |
964,305
+875,861
| +990% | +$14.7M |
|
|
VERV
1908
DELISTED
Verve Therapeutics
VERV
| $16.4M | ﹤0.01% |
847,733
+65,021
| +8% | +$1.72M |
|
1909
Adaptive Biotechnologies
ADPT
$3.97B
| $16.4M | ﹤0.01% |
2,145,643
+95,465
| +5% | +$743K |
|
1910
GrafTech
EAF
$212M
| $16.4M | ﹤0.01% |
344,250
+9,228
| +3% | +$448K |
|
1911
Globalstar
GSAT
$10.8B
| $16.4M | ﹤0.01% |
821,255
+26,339
| +3% | +$692K |
|
1912
Joby Aviation
JOBY
$8.55B
| $16.3M | ﹤0.01% |
4,876,771
+271,467
| +6% | +$1.1M |
|
1913
Kinross Gold
KGC
$32.8B
| $16.3M | ﹤0.01% |
4,028,909
-15,166
| -0.4% | -$60K |
|
1914
CVR Energy
CVI
$3.13B
| $16.3M | ﹤0.01% |
521,179
+19,265
| +4% | +$684K |
|
|
PWSC
1915
DELISTED
PowerSchool Holdings, Inc.
PWSC
| $16.3M | ﹤0.01% |
705,552
+21,415
| +3% | +$419K |
|
1916
Cars.com
CARS
$660M
| $16.3M | ﹤0.01% |
1,181,240
+20,826
| +2% | +$282K |
|
|
BBBY
1917
Bed Bath & Beyond
BBBY
$442M
| $16.1M | ﹤0.01% |
917,395
+21,882
| +2% | +$470K |
|
1918
CRA International
CRAI
$1.06B
| $16.1M | ﹤0.01% |
131,560
+2,676
| +2% | +$295K |
|
|
DCH
1919
Dauch Corp
DCH
$1.51B
| $16M | ﹤0.01% |
2,052,025
+64,322
| +3% | +$576K |
|
1920
GFL Environmental
GFL
$14.9B
| $16M | ﹤0.01% |
552,067
+2,026
| +0.4% | +$55K |
|
1921
Enact Holdings
ACT
$6.73B
| $16M | ﹤0.01% |
664,608
+31,473
| +5% | +$768K |
|
|
HIBB
1922
DELISTED
Hibbett, Inc. Common Stock
HIBB
| $16M | ﹤0.01% |
234,349
+5,534
| +2% | +$345K |
|
1923
Sonic Automotive
SAH
$2.61B
| $16M | ﹤0.01% |
324,215
-18,822
| -5% | -$901K |
|
1924
Gates Industrial Corporation Ltd.
GTES
$7.15B
| $15.9M | ﹤0.01% |
1,397,763
+79,472
| +6% | +$876K |
|
1925
Mesa Laboratories
MLAB
$574M
| $15.9M | ﹤0.01% |
95,887
+3,295
| +4% | +$516K |
|
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.