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 | |
|---|---|---|---|---|---|---|
2051
Deluxe
DLX
$1.15B
| $13.5M | ﹤0.01% |
794,821
+25,718
| +3% | +$458K |
|
2052
Legend Biotech
LEGN
$4.01B
| $13.5M | ﹤0.01% |
271,327
+11,385
| +4% | +$552K |
|
|
FBMS
2053
DELISTED
The First Bancshares, Inc.
FBMS
| $13.5M | ﹤0.01% |
420,836
+14,691
| +4% | +$476K |
|
2054
Janus International
JBI
$757M
| $13.4M | ﹤0.01% |
1,412,778
+54,515
| +4% | +$526K |
|
2055
Community Trust Bancorp
CTBI
$1.41B
| $13.4M | ﹤0.01% |
292,145
+6,076
| +2% | +$277K |
|
2056
Nice
NICE
$5.97B
| $13.4M | ﹤0.01% |
69,750
-5,308
| -7% | -$1.02M |
|
2057
Bank of N.T. Butterfield & Son
NTB
$2.45B
| $13.4M | ﹤0.01% |
448,532
+15,863
| +4% | +$524K |
|
2058
Rhythm Pharmaceuticals
RYTM
$7.96B
| $13.4M | ﹤0.01% |
458,510
+70,398
| +18% | +$1.81M |
|
2059
Pan American Silver
PAAS
$21.6B
| $13.3M | ﹤0.01% |
819,230
+5,947
| +0.7% | +$95.1K |
|
2060
Schneider National
SNDR
$6.25B
| $13.3M | ﹤0.01% |
569,442
+27,009
| +5% | +$632K |
|
2061
Victory Capital Holdings
VCTR
$6.65B
| $13.3M | ﹤0.01% |
494,836
+7,391
| +2% | +$208K |
|
2062
Icahn Enterprises
IEP
$5.3B
| $13.2M | ﹤0.01% |
261,574
+15,649
| +6% | +$816K |
|
|
CCF
2063
DELISTED
Chase Corporation
CCF
| $13.2M | ﹤0.01% |
153,454
+1,174
| +0.8% | +$106K |
|
|
EFC
2064
Ellington Financial
EFC
$1.71B
| $13.2M | ﹤0.01% |
1,066,673
+32,813
| +3% | +$428K |
|
2065
SunCoke Energy
SXC
$797M
| $13.2M | ﹤0.01% |
1,525,391
+62,121
| +4% | +$480K |
|
2066
iHeartMedia
IHRT
$583M
| $13.1M | ﹤0.01% |
2,144,480
+82,567
| +4% | +$636K |
|
2067
ADMA Biologics
ADMA
$2.22B
| $13.1M | ﹤0.01% |
3,386,852
+100,723
| +3% | +$311K |
|
|
LPRO
2068
DELISTED
Open Lending Corp
LPRO
| $13.1M | ﹤0.01% |
1,943,398
+24,244
| +1% | +$171K |
|
2069
Seaboard Corp
SEB
$4.06B
| $13.1M | ﹤0.01% |
3,470
+189
| +6% | +$713K |
|
2070
Select Water Solutions
WTTR
$2.61B
| $13.1M | ﹤0.01% |
1,417,558
+121,027
| +9% | +$1.02M |
|
2071
Barrett Business Services
BBSI
$804M
| $13.1M | ﹤0.01% |
561,380
-19,748
| -3% | -$447K |
|
|
OPTU
2072
Optimum Communications Inc
OPTU
$301M
| $13.1M | ﹤0.01% |
2,844,622
+113,022
| +4% | +$555K |
|
2073
Playtika
PLTK
$1.12B
| $13.1M | ﹤0.01% |
1,533,927
-72,003
| -4% | -$667K |
|
2074
Upstart Holdings
UPST
$3.03B
| $13M | ﹤0.01% |
986,242
+45,450
| +5% | +$878K |
|
2075
Constellium
CSTM
$3.99B
| $13M | ﹤0.01% |
1,101,378
+50,558
| +5% | +$591K |
|
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.