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 | |
|---|---|---|---|---|---|---|
|
VTLE
1951
DELISTED
Vital Energy
VTLE
| $15.3M | ﹤0.01% |
298,305
+7,442
| +3% | +$459K |
|
|
GOOD
1952
Gladstone Commercial Corp
GOOD
$627M
| $15.3M | ﹤0.01% |
829,023
+14,929
| +2% | +$266K |
|
1953
FIGS
FIGS
$2.37B
| $15.3M | ﹤0.01% |
2,275,346
+137,726
| +6% | +$991K |
|
|
SAFE
1954
DELISTED
Safehold Inc.
SAFE
| $15.3M | ﹤0.01% |
535,036
+139,062
| +35% | +$3.96M |
|
1955
Kura Oncology
KURA
$850M
| $15.3M | ﹤0.01% |
1,229,430
+39,675
| +3% | +$577K |
|
1956
Unitil
UTL
$980M
| $15.2M | ﹤0.01% |
296,710
+12,465
| +4% | +$634K |
|
1957
QCR Holdings
QCRH
$1.7B
| $15.2M | ﹤0.01% |
305,965
+11,459
| +4% | +$590K |
|
1958
Wolverine World Wide
WWW
$1.55B
| $15.2M | ﹤0.01% |
1,388,009
+48,701
| +4% | +$647K |
|
|
TELL
1959
DELISTED
Tellurian Inc.
TELL
| $15.2M | ﹤0.01% |
9,019,273
+293,681
| +3% | +$736K |
|
1960
CryoPort
CYRX
$762M
| $15.1M | ﹤0.01% |
871,778
+20,792
| +2% | +$438K |
|
1961
Mobileye
MBLY
$2.2B
| $15.1M | ﹤0.01% |
+431,064
| New | +$13.1M |
|
|
FORG
1962
DELISTED
ForgeRock, Inc.
FORG
| $15.1M | ﹤0.01% |
663,738
+147,629
| +29% | +$3.22M |
|
|
PTRA
1963
DELISTED
Proterra Inc. Common Stock
PTRA
| $15.1M | ﹤0.01% |
4,008,539
+153,272
| +4% | +$811K |
|
1964
Varex Imaging
VREX
$523M
| $15.1M | ﹤0.01% |
743,810
+28,195
| +4% | +$590K |
|
1965
Peoples Bancorp
PEBO
$1.47B
| $15.1M | ﹤0.01% |
534,226
+12,668
| +2% | +$373K |
|
1966
Titan Machinery
TITN
$445M
| $15.1M | ﹤0.01% |
379,701
+14,659
| +4% | +$520K |
|
1967
West Fraser Timber
WFG
$5.65B
| $15.1M | ﹤0.01% |
202,516
-6,334
| -3% | -$483K |
|
1968
International Money Express
IMXI
$367M
| $15.1M | ﹤0.01% |
618,341
-22,824
| -4% | -$524K |
|
|
RDUS
1969
DELISTED
Radius Recycling
RDUS
| $15M | ﹤0.01% |
490,315
+7,401
| +2% | +$229K |
|
|
VVNT
1970
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
| $15M | ﹤0.01% |
1,261,917
+55,391
| +5% | +$499K |
|
1971
John B. Sanfilippo & Son
JBSS
$972M
| $15M | ﹤0.01% |
184,600
+380
| +0.2% | +$31K |
|
1972
UFP Technologies
UFPT
$2.43B
| $15M | ﹤0.01% |
127,332
+4,710
| +4% | +$502K |
|
1973
Washington Trust Bancorp
WASH
$741M
| $15M | ﹤0.01% |
317,320
+4,070
| +1% | +$196K |
|
|
GDEN
1974
DELISTED
Golden Entertainment
GDEN
| $15M | ﹤0.01% |
400,286
+13,440
| +3% | +$554K |
|
1975
Virgin Galactic
SPCE
$398M
| $14.9M | ﹤0.01% |
214,728
+17,234
| +9% | +$1.61M |
|
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.