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 | |
|---|---|---|---|---|---|---|
2076
Anavex Life Sciences
AVXL
$310M
| $13M | ﹤0.01% |
1,405,464
+79,536
| +6% | +$850K |
|
2077
Planet Labs
PL
$8.53B
| $13M | ﹤0.01% |
2,987,097
+100,916
| +3% | +$522K |
|
|
SP
2078
DELISTED
SP Plus Corporation
SP
| $13M | ﹤0.01% |
374,203
-30,818
| -8% | -$1.06M |
|
2079
MasterBrand
MBC
$1.91B
| $12.9M | ﹤0.01% |
+1,711,746
| New | +$14M |
|
2080
Yext
YEXT
$574M
| $12.9M | ﹤0.01% |
1,978,651
+13,429
| +0.7% | +$73.2K |
|
2081
NetEase
NTES
$84.7B
| $12.9M | ﹤0.01% |
177,182
-39,123
| -18% | -$2.66M |
|
2082
Theravance Biopharma
TBPH
$877M
| $12.8M | ﹤0.01% |
1,140,753
+61,666
| +6% | +$648K |
|
|
NFBK
2083
DELISTED
Northfield Bancorp
NFBK
| $12.8M | ﹤0.01% |
811,103
-11,448
| -1% | -$177K |
|
|
NWLI
2084
DELISTED
National Western Life Group, Inc. Class A
NWLI
| $12.7M | ﹤0.01% |
45,348
+4,210
| +10% | +$898K |
|
|
LAND
2085
Gladstone Land Corp
LAND
$360M
| $12.7M | ﹤0.01% |
692,929
+28,835
| +4% | +$562K |
|
2086
Conduent
CNDT
$264M
| $12.7M | ﹤0.01% |
3,135,708
+90,611
| +3% | +$347K |
|
2087
Amplitude
AMPL
$1.41B
| $12.7M | ﹤0.01% |
1,051,115
+108,002
| +11% | +$1.53M |
|
|
TGH
2088
DELISTED
Textainer Group Holdings limited
TGH
| $12.7M | ﹤0.01% |
409,240
+1,789
| +0.4% | +$53.1K |
|
|
XRN
2089
Chiron Real Estate Inc
XRN
$477M
| $12.7M | ﹤0.01% |
267,138
+3,415
| +1% | +$154K |
|
2090
Fluence Energy
FLNC
$2.44B
| $12.7M | ﹤0.01% |
738,095
+92,284
| +14% | +$1.45M |
|
2091
NovaGold Resources
NG
$3.33B
| $12.6M | ﹤0.01% |
2,114,891
+68,458
| +3% | +$365K |
|
2092
Protolabs
PRLB
$2.13B
| $12.6M | ﹤0.01% |
494,556
+11,636
| +2% | +$346K |
|
2093
Liberty Broadband Class A
LBRDA
$5.16B
| $12.6M | ﹤0.01% |
166,365
+2,273
| +1% | +$185K |
|
2094
Repay Holdings
RPAY
$327M
| $12.6M | ﹤0.01% |
1,565,552
+68,080
| +5% | +$490K |
|
|
NAPA
2095
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $12.6M | ﹤0.01% |
760,674
+73,330
| +11% | +$1.13M |
|
|
AGEN
2096
Agenus
AGEN
$290M
| $12.6M | ﹤0.01% |
267,455
+22,016
| +9% | +$1.12M |
|
2097
PAR Technology
PAR
$735M
| $12.6M | ﹤0.01% |
483,078
+10,993
| +2% | +$283K |
|
2098
RPC Inc
RES
$1.3B
| $12.6M | ﹤0.01% |
1,414,905
+64,070
| +5% | +$578K |
|
2099
ARKO Corp
ARKO
$635M
| $12.6M | ﹤0.01% |
1,451,561
+37,813
| +3% | +$350K |
|
2100
BioNTech
BNTX
$23.5B
| $12.5M | ﹤0.01% |
83,332
+3,870
| +5% | +$596K |
|
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.