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 | |
|---|---|---|---|---|---|---|
1951
Playtika
PLTK
$1.52B
| $15.1M | ﹤0.01% |
1,605,930
+23,013
| +1% | +$265K |
|
1952
A10 Networks
ATEN
$2.13B
| $15.1M | ﹤0.01% |
1,135,887
+71,721
| +7% | +$1.02M |
|
|
AVID
1953
DELISTED
Avid Technology Inc
AVID
| $15.1M | ﹤0.01% |
647,684
-2,691
| -0.4% | -$70.2K |
|
1954
Banc of California
BANC
$3.03B
| $15M | ﹤0.01% |
940,444
+6,051
| +0.6% | +$105K |
|
1955
Nicolet Bankshares
NIC
$3.6B
| $15M | ﹤0.01% |
213,149
+5,166
| +2% | +$399K |
|
1956
Skywest
SKYW
$4.24B
| $15M | ﹤0.01% |
922,703
+20,090
| +2% | +$426K |
|
1957
QCR Holdings
QCRH
$1.69B
| $15M | ﹤0.01% |
294,506
-538
| -0.2% | -$30.1K |
|
1958
Apogee Enterprises
APOG
$826M
| $15M | ﹤0.01% |
391,948
-452
| -0.1% | -$18.4K |
|
1959
BRC Group Holdings
RILY
$288M
| $14.9M | ﹤0.01% |
335,459
+2,415
| +0.7% | +$121K |
|
1960
Madrigal Pharmaceuticals
MDGL
$10.8B
| $14.9M | ﹤0.01% |
229,786
+4,984
| +2% | +$346K |
|
1961
Under Armour Class C
UA
$2.77B
| $14.9M | ﹤0.01% |
2,501,653
-107,456
| -4% | -$841K |
|
1962
Sonic Automotive
SAH
$2.9B
| $14.9M | ﹤0.01% |
343,037
-8,955
| -3% | -$406K |
|
1963
CAE Inc. Common Shares
CAE
$8.3B
| $14.8M | ﹤0.01% |
969,988
+70,633
| +8% | +$1.51M |
|
1964
Opko Health
OPK
$985M
| $14.8M | ﹤0.01% |
7,829,188
+200,456
| +3% | +$474K |
|
1965
Columbia Financial
CLBK
$1.12B
| $14.8M | ﹤0.01% |
699,609
-59,648
| -8% | -$1.29M |
|
1966
Designer Brands
DBI
$307M
| $14.8M | ﹤0.01% |
964,782
-39,844
| -4% | -$625K |
|
|
OPI
1967
DELISTED
Office Properties Income Trust
OPI
| $14.7M | ﹤0.01% |
1,043,372
+36,123
| +4% | +$678K |
|
1968
National Healthcare
NHC
$3.53B
| $14.7M | ﹤0.01% |
231,357
+554
| +0.2% | +$38.5K |
|
1969
Perdoceo Education
PRDO
$1.99B
| $14.6M | ﹤0.01% |
1,421,868
+33,709
| +2% | +$403K |
|
1970
International Money Express
IMXI
$357M
| $14.6M | ﹤0.01% |
641,165
+59,023
| +10% | +$1.39M |
|
1971
First Advantage
FA
$3.4B
| $14.6M | ﹤0.01% |
1,138,664
+166,083
| +17% | +$2.31M |
|
1972
Adaptive Biotechnologies
ADPT
$3.59B
| $14.6M | ﹤0.01% |
2,050,178
+19,793
| +1% | +$186K |
|
1973
Amplitude
AMPL
$1.18B
| $14.6M | ﹤0.01% |
943,113
+251,916
| +36% | +$4.04M |
|
1974
Par Pacific Holdings
PARR
$4.31B
| $14.6M | ﹤0.01% |
887,497
+97,055
| +12% | +$1.65M |
|
1975
Washington Trust Bancorp
WASH
$743M
| $14.6M | ﹤0.01% |
313,250
+898
| +0.3% | +$45.9K |
|
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.