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 | |
|---|---|---|---|---|---|---|
|
KREF
1976
KKR Real Estate Finance Trust
KREF
$499M
| $14.9M | ﹤0.01% |
1,070,493
+65,220
| +6% | +$1.06M |
|
|
DCPH
1977
DELISTED
Deciphera Pharmaceuticals, Inc. Common Stock
DCPH
| $14.9M | ﹤0.01% |
911,394
+33,701
| +4% | +$548K |
|
1978
James River Group Holdings
JRVR
$217M
| $14.9M | ﹤0.01% |
711,752
+34,366
| +5% | +$789K |
|
1979
JELD-WEN Holding
JELD
$164M
| $14.8M | ﹤0.01% |
1,538,469
+34,234
| +2% | +$332K |
|
1980
E.W. Scripps
SSP
$304M
| $14.8M | ﹤0.01% |
1,122,958
+35,425
| +3% | +$488K |
|
1981
B&G Foods
BGS
$286M
| $14.8M | ﹤0.01% |
1,325,442
+69,006
| +5% | +$960K |
|
|
DMC
1982
Del Monte Corp
DMC
$1.45B
| $14.8M | ﹤0.01% |
564,252
+17,317
| +3% | +$456K |
|
|
ROCC
1983
DELISTED
Ranger Oil Corporation Class A Common Stock
ROCC
| $14.8M | ﹤0.01% |
365,416
+2,599
| +0.7% | +$103K |
|
1984
Gulfport Energy Corp
GPOR
$2.88B
| $14.8M | ﹤0.01% |
200,534
+5,237
| +3% | +$434K |
|
1985
Shenandoah Telecom
SHEN
$746M
| $14.8M | ﹤0.01% |
929,352
+36,439
| +4% | +$667K |
|
|
TSE
1986
DELISTED
Trinseo
TSE
| $14.7M | ﹤0.01% |
648,077
+16,298
| +3% | +$359K |
|
|
HTBK
1987
DELISTED
Heritage Commerce
HTBK
| $14.7M | ﹤0.01% |
1,129,188
+26,440
| +2% | +$356K |
|
1988
RCI Hospitality Holdings
RICK
$215M
| $14.7M | ﹤0.01% |
157,446
+1,464
| +0.9% | +$122K |
|
|
WCN
1989
Waste Connections
WCN
$42B
| $14.7M | ﹤0.01% |
106,217
-25,082
| -19% | -$3.41M |
|
1990
IDEAYA Biosciences
IDYA
$3.56B
| $14.6M | ﹤0.01% |
805,901
+179,046
| +29% | +$3.01M |
|
1991
C3.ai
AI
$1.59B
| $14.6M | ﹤0.01% |
1,307,510
-37,743
| -3% | -$473K |
|
|
ARR
1992
Armour Residential REIT
ARR
$2.36B
| $14.6M | ﹤0.01% |
518,309
+114,879
| +28% | +$3.14M |
|
1993
Douglas Dynamics
PLOW
$1.02B
| $14.6M | ﹤0.01% |
403,396
+9,791
| +2% | +$345K |
|
|
SQSP
1994
DELISTED
Squarespace, Inc.
SQSP
| $14.5M | ﹤0.01% |
655,580
+19,256
| +3% | +$405K |
|
1995
Krispy Kreme
DNUT
$577M
| $14.5M | ﹤0.01% |
1,404,191
+71,763
| +5% | +$977K |
|
1996
Tootsie Roll Industries
TR
$2.98B
| $14.4M | ﹤0.01% |
381,869
+6,315
| +2% | +$230K |
|
1997
LSB Industries
LXU
$693M
| $14.4M | ﹤0.01% |
1,085,687
+490,754
| +82% | +$7.32M |
|
1998
Quanex
NX
$1.01B
| $14.4M | ﹤0.01% |
609,762
+16,885
| +3% | +$380K |
|
1999
TAL Education Group
TAL
$6.87B
| $14.4M | ﹤0.01% |
2,053,603
-1,048,907
| -34% | -$5.81M |
|
2000
CNA Financial
CNA
$14.1B
| $14.4M | ﹤0.01% |
340,765
+17,036
| +5% | +$698K |
|
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.