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 | |
|---|---|---|---|---|---|---|
2026
Levi Strauss
LEVI
$9.39B
| $14M | ﹤0.01% |
899,474
+9,529
| +1% | +$148K |
|
2027
Zai Lab
ZLAB
$2.62B
| $14M | ﹤0.01% |
456,439
+2,167
| +0.5% | +$68.4K |
|
2028
Treace Medical Concepts
TMCI
$309M
| $13.9M | ﹤0.01% |
606,646
+33,583
| +6% | +$773K |
|
2029
LivePerson
LPSN
$32.3M
| $13.9M | ﹤0.01% |
91,669
+5,798
| +7% | +$929K |
|
2030
Green Dot
GDOT
$745M
| $13.9M | ﹤0.01% |
879,793
+12,430
| +1% | +$229K |
|
2031
Scansource
SCSC
$1.12B
| $13.9M | ﹤0.01% |
476,327
+15,574
| +3% | +$462K |
|
|
FFWM
2032
DELISTED
First Foundation Inc
FFWM
| $13.9M | ﹤0.01% |
969,129
+21,622
| +2% | +$335K |
|
|
UDMY
2033
DELISTED
Udemy
UDMY
| $13.9M | ﹤0.01% |
1,313,371
+54,847
| +4% | +$741K |
|
2034
Liberty Media Series A
FWONA
$23.6B
| $13.9M | ﹤0.01% |
270,810
+24,745
| +10% | +$1.26M |
|
2035
Titan International
TWI
$475M
| $13.8M | ﹤0.01% |
903,246
+32,611
| +4% | +$465K |
|
|
PLL
2036
DELISTED
Piedmont Lithium
PLL
| $13.8M | ﹤0.01% |
313,375
+7,235
| +2% | +$401K |
|
2037
TFS Financial
TFSL
$4.93B
| $13.8M | ﹤0.01% |
955,189
+67,432
| +8% | +$922K |
|
2038
QuinStreet
QNST
$1.21B
| $13.8M | ﹤0.01% |
959,094
+17,329
| +2% | +$220K |
|
2039
Cerence
CRNC
$413M
| $13.8M | ﹤0.01% |
742,618
+18,690
| +3% | +$320K |
|
2040
Beyond Meat
BYND
$277M
| $13.7M | ﹤0.01% |
1,114,377
+20,377
| +2% | +$284K |
|
2041
Hawkins
HWKN
$2.71B
| $13.7M | ﹤0.01% |
355,012
+12,563
| +4% | +$517K |
|
|
TRST
2042
Trustco Bank Corp NY
TRST
$938M
| $13.7M | ﹤0.01% |
363,835
+3,880
| +1% | +$142K |
|
2043
LegalZoom.com
LZ
$988M
| $13.7M | ﹤0.01% |
1,766,689
-14,056
| -0.8% | -$122K |
|
|
PENG
2044
Penguin Solutions Inc
PENG
$2.99B
| $13.6M | ﹤0.01% |
914,448
+13,200
| +1% | +$202K |
|
|
NUVL
2045
DELISTED
Nuvalent
NUVL
| $13.6M | ﹤0.01% |
456,351
+122,062
| +37% | +$3.4M |
|
2046
Montauk Renewables
MNTK
$255M
| $13.6M | ﹤0.01% |
1,228,647
+45,431
| +4% | +$608K |
|
2047
Amerant Bancorp
AMTB
$1.13B
| $13.5M | ﹤0.01% |
504,182
+17,861
| +4% | +$501K |
|
|
NKLA
2048
DELISTED
Nikola Corporation Common Stock
NKLA
| $13.5M | ﹤0.01% |
208,743
+26,276
| +14% | +$2.2M |
|
2049
Frontline
FRO
$8.85B
| $13.5M | ﹤0.01% |
1,120,999
+44,858
| +4% | +$576K |
|
2050
Goosehead Insurance
GSHD
$2.32B
| $13.5M | ﹤0.01% |
393,261
+34,098
| +9% | +$1.28M |
|
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.