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 | |
|---|---|---|---|---|---|---|
2101
Kearny Financial
KRNY
$599M
| $12.5M | ﹤0.01% |
1,231,836
+1,584
| +0.1% | +$15.9K |
|
|
DAWN
2102
DELISTED
Day One Biopharmaceuticals
DAWN
| $12.5M | ﹤0.01% |
580,484
+25,854
| +5% | +$530K |
|
2103
4D Molecular Therapeutics
FDMT
$562M
| $12.5M | ﹤0.01% |
561,737
+32,801
| +6% | +$507K |
|
2104
Old Second Bancorp
OSBC
$1.29B
| $12.5M | ﹤0.01% |
776,351
+22,691
| +3% | +$363K |
|
2105
N-able
NABL
$940M
| $12.4M | ﹤0.01% |
1,209,993
+33,113
| +3% | +$353K |
|
2106
Standard Motor Products
SMP
$911M
| $12.4M | ﹤0.01% |
357,251
+2,959
| +0.8% | +$108K |
|
2107
Sotera Health
SHC
$5.38B
| $12.4M | ﹤0.01% |
1,490,855
+17,201
| +1% | +$128K |
|
|
ECHO
2108
EchoStar
ECHO
$26.2B
| $12.4M | ﹤0.01% |
743,289
-2,463
| -0.3% | -$42.7K |
|
2109
American Well
AMWL
$230M
| $12.4M | ﹤0.01% |
218,561
+7,789
| +4% | +$561K |
|
2110
BRC Group Holdings
RILY
$289M
| $12.4M | ﹤0.01% |
361,214
+25,755
| +8% | +$1.08M |
|
|
TGI
2111
DELISTED
Triumph Group
TGI
| $12.3M | ﹤0.01% |
1,174,040
+34,104
| +3% | +$352K |
|
2112
MarineMax
HZO
$788M
| $12.3M | ﹤0.01% |
395,542
+12,096
| +3% | +$380K |
|
|
SAFE
2113
Safehold
SAFE
$1.15B
| $12.3M | ﹤0.01% |
258,665
-60,770
| -19% | -$2.93M |
|
2114
Bank First Corp
BFC
$1.7B
| $12.3M | ﹤0.01% |
132,635
+22,751
| +21% | +$2.02M |
|
2115
ProFrac Holding
ACDC
$787M
| $12.3M | ﹤0.01% |
487,196
+138,040
| +40% | +$3.05M |
|
2116
Winmark
WINA
$1.32B
| $12.3M | ﹤0.01% |
52,004
+457
| +0.9% | +$109K |
|
|
CLDT
2117
Chatham Lodging
CLDT
$586M
| $12.2M | ﹤0.01% |
997,822
+46,786
| +5% | +$577K |
|
2118
Editas Medicine
EDIT
$442M
| $12.2M | ﹤0.01% |
1,379,683
+123,163
| +10% | +$1.35M |
|
|
GOLD
2119
Gold.com Inc
GOLD
$1.26B
| $12.2M | ﹤0.01% |
352,108
+16,801
| +5% | +$531K |
|
|
VRAY
2120
DELISTED
ViewRay, Inc.
VRAY
| $12.2M | ﹤0.01% |
2,728,593
+6,484
| +0.2% | +$28.2K |
|
|
FRG
2121
DELISTED
Franchise Group, Inc.
FRG
| $12.2M | ﹤0.01% |
512,035
-2,069
| -0.4% | -$54K |
|
2122
Cass Information Systems
CASS
$743M
| $12.2M | ﹤0.01% |
266,095
+5,317
| +2% | +$223K |
|
2123
Roivant Sciences
ROIV
$26.2B
| $12.2M | ﹤0.01% |
1,525,693
+81,607
| +6% | +$454K |
|
|
THR
2124
DELISTED
Thermon Group Holdings
THR
| $12.2M | ﹤0.01% |
605,906
+22,381
| +4% | +$416K |
|
|
XM
2125
DELISTED
Qualtrics International Inc. Class A Common Stock
XM
| $12.1M | ﹤0.01% |
1,170,084
+81,859
| +8% | +$858K |
|
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.