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 | |
|---|---|---|---|---|---|---|
|
CDMO
1926
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $15.9M | ﹤0.01% |
1,155,526
+39,812
| +4% | +$610K |
|
|
ATRI
1927
DELISTED
Atrion Corp
ATRI
| $15.9M | ﹤0.01% |
28,436
+344
| +1% | +$208K |
|
|
ARGO
1928
DELISTED
Argo Group International Holdings, Ltd.
ARGO
| $15.9M | ﹤0.01% |
615,353
+25,172
| +4% | +$620K |
|
1929
Infosys
INFY
$50.7B
| $15.9M | ﹤0.01% |
883,081
-151,586
| -15% | -$2.82M |
|
1930
Innoviva
INVA
$1.48B
| $15.9M | ﹤0.01% |
1,196,821
+46,886
| +4% | +$616K |
|
|
SHYF
1931
DELISTED
The Shyft Group
SHYF
| $15.8M | ﹤0.01% |
636,658
+32,288
| +5% | +$751K |
|
|
INN
1932
Summit Hotel Properties
INN
$700M
| $15.8M | ﹤0.01% |
2,190,065
+78,077
| +4% | +$611K |
|
1933
Fate Therapeutics
FATE
$326M
| $15.8M | ﹤0.01% |
1,564,291
+64,611
| +4% | +$1.21M |
|
1934
Mirion Technologies
MIR
$3.91B
| $15.8M | ﹤0.01% |
2,384,265
+95,637
| +4% | +$644K |
|
1935
BridgeBio Pharma
BBIO
$16.5B
| $15.7M | ﹤0.01% |
2,065,907
+102,030
| +5% | +$977K |
|
|
DQ
1936
Daqo New Energy
DQ
$996M
| $15.7M | ﹤0.01% |
407,019
-2,206
| -0.5% | -$108K |
|
1937
PDF Solutions
PDFS
$2.07B
| $15.7M | ﹤0.01% |
549,249
+16,281
| +3% | +$440K |
|
1938
Banc of California
BANC
$2.97B
| $15.6M | ﹤0.01% |
982,138
+41,694
| +4% | +$681K |
|
1939
Columbia Financial
CLBK
$1.13B
| $15.6M | ﹤0.01% |
723,180
+23,571
| +3% | +$506K |
|
1940
Camping World
CWH
$653M
| $15.6M | ﹤0.01% |
699,423
+28,378
| +4% | +$736K |
|
1941
Rocket Lab Corp
RKLB
$51.8B
| $15.6M | ﹤0.01% |
4,131,819
+103,979
| +3% | +$454K |
|
1942
Skywest
SKYW
$4.34B
| $15.6M | ﹤0.01% |
942,312
+19,609
| +2% | +$344K |
|
1943
Biohaven
BHVN
$2.21B
| $15.6M | ﹤0.01% |
+1,120,604
| New | +$15.8M |
|
1944
Geron
GERN
$949M
| $15.6M | ﹤0.01% |
6,426,085
+249,077
| +4% | +$558K |
|
|
POSH
1945
DELISTED
Poshmark, Inc. Class A Common Stock
POSH
| $15.5M | ﹤0.01% |
869,606
+35,164
| +4% | +$624K |
|
|
PLYM
1946
DELISTED
Plymouth Industrial REIT
PLYM
| $15.5M | ﹤0.01% |
808,311
+45,340
| +6% | +$858K |
|
1947
First Advantage
FA
$4.12B
| $15.5M | ﹤0.01% |
1,191,892
+53,228
| +5% | +$695K |
|
1948
PROG Holdings
PRG
$1.71B
| $15.4M | ﹤0.01% |
914,717
+31,269
| +4% | +$534K |
|
1949
PureCycle Technologies
PCT
$1.45B
| $15.4M | ﹤0.01% |
2,280,976
+83,543
| +4% | +$602K |
|
|
AMWD
1950
DELISTED
American Woodmark
AMWD
| $15.4M | ﹤0.01% |
314,436
+15,116
| +5% | +$750K |
|
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.