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 |
Tesla
TSLA
|
+$906M |
| 2 |
Amazon
AMZN
|
+$712M |
| 3 |
Microsoft
MSFT
|
+$665M |
| 4 |
AbbVie
ABBV
|
+$538M |
| 5 |
Apple
AAPL
|
+$236M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Home Depot
HD
|
+$302M |
| 2 |
Chevron
CVX
|
+$290M |
| 3 |
American Tower
AMT
|
+$225M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$136M |
| 5 |
Baidu
BIDU
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.64% |
| 2 | Healthcare | 14.93% |
| 3 | Financials | 13.34% |
| 4 | Consumer Discretionary | 11.2% |
| 5 | Industrials | 8.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2226
EVgo
EVGO
$226M
| $10.3M | ﹤0.01% |
1,307,034
+32,572
| +3% | +$284K |
|
|
SCS
2227
DELISTED
Steelcase
SCS
| $10.3M | ﹤0.01% |
1,583,241
+84,178
| +6% | +$899K |
|
2228
Titan Machinery
TITN
$420M
| $10.3M | ﹤0.01% |
365,042
+1,844
| +0.5% | +$52.2K |
|
2229
BlueLinx
BXC
$467M
| $10.3M | ﹤0.01% |
165,899
-1,051
| -0.6% | -$75.7K |
|
2230
Qfin Holdings
QFIN
$1.7B
| $10.3M | ﹤0.01% |
804,195
+343,559
| +75% | +$5M |
|
2231
Peapack-Gladstone Financial
PGC
$823M
| $10.3M | ﹤0.01% |
305,662
+528
| +0.2% | +$17.4K |
|
2232
Great Southern Bancorp
GSBC
$889M
| $10.3M | ﹤0.01% |
179,786
+2,000
| +1% | +$121K |
|
|
NSTG
2233
DELISTED
NanoString Technologies, Inc.
NSTG
| $10.2M | ﹤0.01% |
802,578
-7,509
| -0.9% | -$104K |
|
|
CHS
2234
DELISTED
Chicos FAS, Inc.
CHS
| $10.2M | ﹤0.01% |
2,116,654
+9,030
| +0.4% | +$50.2K |
|
2235
WisdomTree
WT
$3.21B
| $10.2M | ﹤0.01% |
2,188,156
+29,507
| +1% | +$151K |
|
2236
MaxCyte
MXCT
$116M
| $10.2M | ﹤0.01% |
1,574,126
+794,469
| +102% | +$4.43M |
|
|
RAPT
2237
DELISTED
RAPT Therapeutics
RAPT
| $10.2M | ﹤0.01% |
53,143
+2,339
| +5% | +$442K |
|
2238
Hayward Holdings
HAYW
$3.29B
| $10.2M | ﹤0.01% |
1,151,654
+379,697
| +49% | +$4.47M |
|
2239
Clear Channel Outdoor Holdings
CCO
$1.23B
| $10.2M | ﹤0.01% |
7,455,767
+174,742
| +2% | +$264K |
|
2240
RCI Hospitality Holdings
RICK
$194M
| $10.2M | ﹤0.01% |
155,982
+8,533
| +6% | +$532K |
|
2241
Sana Biotechnology
SANA
$882M
| $10.2M | ﹤0.01% |
1,698,501
+47,279
| +3% | +$341K |
|
2242
Autohome
ATHM
$2.69B
| $10.2M | ﹤0.01% |
355,097
+18,393
| +5% | +$641K |
|
|
OSG
2243
Octave Specialty Group
OSG
$255M
| $10.2M | ﹤0.01% |
798,278
-2,961
| -0.4% | -$39.4K |
|
2244
Conduent
CNDT
$267M
| $10.2M | ﹤0.01% |
3,045,097
+79,639
| +3% | +$332K |
|
2245
Inogen
INGN
$183M
| $10.2M | ﹤0.01% |
418,523
+26,662
| +7% | +$736K |
|
|
MRC
2246
DELISTED
MRC Global
MRC
| $10.2M | ﹤0.01% |
1,411,895
+192,865
| +16% | +$1.9M |
|
2247
Vanda Pharmaceuticals
VNDA
$314M
| $10.1M | ﹤0.01% |
1,026,513
+9,345
| +0.9% | +$98.7K |
|
|
TSVT
2248
DELISTED
2seventy bio
TSVT
| $10.1M | ﹤0.01% |
696,305
+18,114
| +3% | +$269K |
|
2249
ACM Research
ACMR
$5.42B
| $10.1M | ﹤0.01% |
812,696
+50,994
| +7% | +$829K |
|
2250
Domo
DOMO
$180M
| $10.1M | ﹤0.01% |
561,199
+26,350
| +5% | +$691K |
|
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Geode Capital Management's Q3 2022 Portfolio in Review
As of Q3 2022, Geode Capital Management held 5,120 positions worth $659B, down 3.4% from $683B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q3 2022: portfolio turnover was 3.8%. Geode Capital Management opened 106 new positions and exited 90, leaving the 5,120-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 24% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q3 2022 buy was Endeavor Group Holdings, Inc.: 1,449,828 shares worth $29.4M.
- Geode Capital Management added most to Tesla in Q3 2022, an estimated $906M increase.
- Geode Capital Management's biggest Q3 2022 reduction was Home Depot, cutting an estimated $302M.
- Geode Capital Management fully exited American Campus Communities, Inc. in Q3 2022, selling an estimated $136M.
- Geode Capital Management's ten largest holdings make up 23% of its $659B portfolio in Q3 2022.
- Geode Capital Management opened 106 new positions and closed 90 in Q3 2022.
- Geode Capital Management's portfolio value fell 3.4% quarter-over-quarter to $659B.
Based on Geode Capital Management's 13F filing for Q3 2022, filed 14 Nov 2022.