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 | |
|---|---|---|---|---|---|---|
1976
CVR Energy
CVI
$3.58B
| $14.5M | ﹤0.01% |
501,914
+10,550
| +2% | +$333K |
|
1977
Transocean
RIG
$5.89B
| $14.5M | ﹤0.01% |
5,860,750
+284,675
| +5% | +$910K |
|
1978
Lightwave Logic
LWLG
$995M
| $14.5M | ﹤0.01% |
1,970,966
+114,272
| +6% | +$1.07M |
|
|
BRG
1979
DELISTED
Bluerock Residential Growth REIT, Inc.
BRG
| $14.5M | ﹤0.01% |
540,766
-4,367
| -0.8% | -$115K |
|
1980
Geron
GERN
$828M
| $14.5M | ﹤0.01% |
6,177,008
-154,889
| -2% | -$347K |
|
1981
GrafTech
EAF
$175M
| $14.4M | ﹤0.01% |
335,022
+2,610
| +0.8% | +$166K |
|
1982
DocGo
DCGO
$64.3M
| $14.4M | ﹤0.01% |
1,455,064
+71,686
| +5% | +$647K |
|
|
SLCA
1983
DELISTED
U.S. SILICA HOLDINGS, INC.
SLCA
| $14.4M | ﹤0.01% |
1,317,186
+15,615
| +1% | +$199K |
|
1984
MannKind Corp
MNKD
$1.21B
| $14.4M | ﹤0.01% |
4,666,933
+115,757
| +3% | +$436K |
|
|
SAFE
1985
Safehold
SAFE
$1.16B
| $14.4M | ﹤0.01% |
319,435
+17,965
| +6% | +$1.25M |
|
|
AHRT
1986
AH Realty Trust
AHRT
$529M
| $14.4M | ﹤0.01% |
1,382,842
+3,057
| +0.2% | +$39.9K |
|
|
PENG
1987
Penguin Solutions Inc
PENG
$2.7B
| $14.3M | ﹤0.01% |
901,248
+43,117
| +5% | +$786K |
|
|
VTYX
1988
DELISTED
Ventyx Biosciences
VTYX
| $14.3M | ﹤0.01% |
408,962
+122,759
| +43% | +$2.72M |
|
1989
TG Therapeutics
TGTX
$7.96B
| $14.3M | ﹤0.01% |
2,410,439
+86,835
| +4% | +$570K |
|
|
MORF
1990
DELISTED
Morphic Holding, Inc. Common Stock
MORF
| $14.2M | ﹤0.01% |
502,950
+26,937
| +6% | +$751K |
|
|
INN
1991
Summit Hotel Properties
INN
$746M
| $14.2M | ﹤0.01% |
2,111,988
-36,837
| -2% | -$288K |
|
|
ABTX
1992
DELISTED
Allegiance Bancshares
ABTX
| $14.2M | ﹤0.01% |
340,119
-8,258
| -2% | -$353K |
|
1993
Nice
NICE
$5.79B
| $14.1M | ﹤0.01% |
75,058
+3,030
| +4% | +$633K |
|
1994
AngioDynamics
ANGO
$611M
| $14.1M | ﹤0.01% |
690,147
+5,008
| +0.7% | +$110K |
|
1995
BioLife Solutions
BLFS
$1.53B
| $14.1M | ﹤0.01% |
620,171
+35,988
| +6% | +$770K |
|
1996
Bank of N.T. Butterfield & Son
NTB
$2.43B
| $14M | ﹤0.01% |
432,669
+17,303
| +4% | +$574K |
|
1997
Enact Holdings
ACT
$6.61B
| $14M | ﹤0.01% |
633,135
+262,535
| +71% | +$6.3M |
|
1998
Arcutis Biotherapeutics
ARQT
$3.36B
| $14M | ﹤0.01% |
734,244
+165,578
| +29% | +$3.75M |
|
|
FMTX
1999
DELISTED
Forma Therapeutics Holdings, Inc. Common Stock
FMTX
| $14M | ﹤0.01% |
701,849
+93,761
| +15% | +$1.24M |
|
2000
Brookdale Senior Living
BKD
$3.49B
| $14M | ﹤0.01% |
3,269,171
+63,435
| +2% | +$301K |
|
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.