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 | |
|---|---|---|---|---|---|---|
1926
James River Group Holdings
JRVR
$208M
| $15.5M | ﹤0.01% |
677,386
+9,055
| +1% | +$216K |
|
|
LPRO
1927
DELISTED
Open Lending Corp
LPRO
| $15.4M | ﹤0.01% |
1,919,154
+45,597
| +2% | +$460K |
|
1928
Center Bancorp
CNOB
$1.66B
| $15.4M | ﹤0.01% |
667,038
+15,782
| +2% | +$403K |
|
1929
Editas Medicine
EDIT
$396M
| $15.4M | ﹤0.01% |
1,256,520
+29,890
| +2% | +$466K |
|
1930
Krispy Kreme
DNUT
$548M
| $15.4M | ﹤0.01% |
1,332,428
+322,514
| +32% | +$4.24M |
|
|
RNAM
1931
DELISTED
Avidity Biosciences
RNAM
| $15.3M | ﹤0.01% |
939,624
+90,923
| +11% | +$1.74M |
|
1932
Central Garden & Pet Co Class A
CENTA
$2.37B
| $15.3M | ﹤0.01% |
560,610
+42,654
| +8% | +$1.34M |
|
1933
Benchmark Electronics
BHE
$2.87B
| $15.3M | ﹤0.01% |
617,387
+16,935
| +3% | +$432K |
|
1934
TAL Education Group
TAL
$6.93B
| $15.3M | ﹤0.01% |
3,102,510
+238,813
| +8% | +$1.18M |
|
1935
Kymera Therapeutics
KYMR
$8.51B
| $15.3M | ﹤0.01% |
701,222
+25,375
| +4% | +$669K |
|
1936
LegalZoom.com
LZ
$1.35B
| $15.3M | ﹤0.01% |
1,780,745
+685,762
| +63% | +$7.1M |
|
|
UDMY
1937
DELISTED
Udemy
UDMY
| $15.2M | ﹤0.01% |
1,258,524
+440,644
| +54% | +$5.88M |
|
1938
Archrock
AROC
$6.27B
| $15.2M | ﹤0.01% |
2,369,912
+9,189
| +0.4% | +$70K |
|
1939
Caleres
CAL
$431M
| $15.2M | ﹤0.01% |
627,545
-8,924
| -1% | -$236K |
|
1940
Shenandoah Telecom
SHEN
$664M
| $15.2M | ﹤0.01% |
892,913
+5,447
| +0.6% | +$116K |
|
1941
Kinross Gold
KGC
$27.4B
| $15.2M | ﹤0.01% |
4,044,075
+186,467
| +5% | +$634K |
|
1942
Magnite
MGNI
$2.76B
| $15.2M | ﹤0.01% |
2,309,902
+55,078
| +2% | +$443K |
|
1943
ACV Auctions
ACVA
$1.31B
| $15.1M | ﹤0.01% |
2,106,232
+71,184
| +3% | +$565K |
|
|
SUMO
1944
DELISTED
Sumo Logic, Inc. Common Stock
SUMO
| $15.1M | ﹤0.01% |
2,018,933
+407,023
| +25% | +$3.25M |
|
1945
American Well
AMWL
$180M
| $15.1M | ﹤0.01% |
210,772
+24,998
| +13% | +$2.19M |
|
1946
Varex Imaging
VREX
$472M
| $15.1M | ﹤0.01% |
715,615
+8,698
| +1% | +$190K |
|
1947
iHeartMedia
IHRT
$543M
| $15.1M | ﹤0.01% |
2,061,913
-1,551
| -0.1% | -$13.4K |
|
1948
Fulgent Genetics
FLGT
$470M
| $15.1M | ﹤0.01% |
396,180
+13,222
| +3% | +$663K |
|
1949
Peoples Bancorp
PEBO
$1.5B
| $15.1M | ﹤0.01% |
521,558
+49,513
| +10% | +$1.46M |
|
1950
Gossamer Bio
GOSS
$82.9M
| $15.1M | ﹤0.01% |
1,258,769
+232,714
| +23% | +$2.89M |
|
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.