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 | |
|---|---|---|---|---|---|---|
2176
Petco
WOOF
$794M
| $11.4M | ﹤0.01% |
1,201,432
+9,369
| +0.8% | +$96.1K |
|
|
SOVO
2177
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
| $11.4M | ﹤0.01% |
792,614
+43,232
| +6% | +$606K |
|
|
DHIL
2178
DELISTED
Diamond Hill
DHIL
| $11.4M | ﹤0.01% |
61,389
-1,810
| -3% | -$321K |
|
2179
NRC Health Common Stock
NRC
$450M
| $11.3M | ﹤0.01% |
304,145
+6,945
| +2% | +$269K |
|
|
CBL
2180
CBL Properties
CBL
$1.75B
| $11.3M | ﹤0.01% |
491,428
+14,286
| +3% | +$385K |
|
2181
United Fire Group
UFCS
$1.4B
| $11.3M | ﹤0.01% |
414,009
+13,381
| +3% | +$390K |
|
2182
Bally's
BALY
$658M
| $11.3M | ﹤0.01% |
583,940
+21,066
| +4% | +$462K |
|
|
RYZ
2183
Ryerson Holding Corp
RYZ
$1.46B
| $11.3M | ﹤0.01% |
373,972
+23,369
| +7% | +$693K |
|
2184
Ecovyst
ECVT
$1.14B
| $11.3M | ﹤0.01% |
1,277,008
+14,330
| +1% | +$132K |
|
2185
Thryv Holdings
THRY
$108M
| $11.3M | ﹤0.01% |
595,180
+48,733
| +9% | +$951K |
|
2186
MBIA
MBI
$260M
| $11.3M | ﹤0.01% |
879,995
+37,220
| +4% | +$425K |
|
|
BLUE
2187
DELISTED
bluebird bio
BLUE
| $11.3M | ﹤0.01% |
81,635
+9,959
| +14% | +$1.4M |
|
2188
Pitney Bowes
PBI
$2.39B
| $11.3M | ﹤0.01% |
2,972,316
+55,094
| +2% | +$186K |
|
2189
Novavax
NVAX
$1.31B
| $11.3M | ﹤0.01% |
1,096,979
+55,747
| +5% | +$984K |
|
2190
Franklin Covey
FC
$246M
| $11.3M | ﹤0.01% |
240,923
-2,923
| -1% | -$143K |
|
|
OLO
2191
DELISTED
Olo Inc
OLO
| $11.2M | ﹤0.01% |
1,799,649
+100,727
| +6% | +$760K |
|
2192
Sanofi
SNY
$104B
| $11.2M | ﹤0.01% |
232,165
+6,948
| +3% | +$305K |
|
|
EGLE
2193
DELISTED
Eagle Bulk Shipping Inc.
EGLE
| $11.2M | ﹤0.01% |
225,136
+6,807
| +3% | +$341K |
|
2194
Resources Connection
RGP
$145M
| $11.2M | ﹤0.01% |
611,579
+24,238
| +4% | +$445K |
|
2195
Kinetik
KNTK
$7.98B
| $11.2M | ﹤0.01% |
338,810
-12,052
| -3% | -$410K |
|
2196
CareDx
CDNA
$2.42B
| $11.2M | ﹤0.01% |
982,019
+45,232
| +5% | +$670K |
|
2197
Health Catalyst
HCAT
$128M
| $11.1M | ﹤0.01% |
1,047,949
+13,842
| +1% | +$134K |
|
2198
American Vanguard Corp
AVD
$68.9M
| $11.1M | ﹤0.01% |
510,612
+13,668
| +3% | +$305K |
|
|
GOGL
2199
DELISTED
Golden Ocean Group
GOGL
| $11M | ﹤0.01% |
1,269,863
+48,388
| +4% | +$420K |
|
2200
Alector
ALEC
$199M
| $11M | ﹤0.01% |
1,192,289
+73,761
| +7% | +$643K |
|
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.