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 | |
|---|---|---|---|---|---|---|
2251
PC Connection
CNXN
$2.16B
| $10.1M | ﹤0.01% |
223,117
+3,852
| +2% | +$182K |
|
2252
Sotera Health
SHC
$5.13B
| $10.1M | ﹤0.01% |
1,473,654
+14,782
| +1% | +$246K |
|
|
FFIC
2253
DELISTED
Flushing Financial
FFIC
| $10M | ﹤0.01% |
518,777
-5,562
| -1% | -$119K |
|
2254
Petrobras Class A
PBR.A
$109B
| $10M | ﹤0.01% |
905,983
| – | – |
|
2255
Health Catalyst
HCAT
$163M
| $10M | ﹤0.01% |
1,034,107
-60,955
| -6% | -$807K |
|
|
CSII
2256
DELISTED
Cardiovascular Systems, Inc.
CSII
| $10M | ﹤0.01% |
723,161
+11,884
| +2% | +$176K |
|
2257
BJ's Restaurants
BJRI
$1.44B
| $10M | ﹤0.01% |
419,950
+6,455
| +2% | +$159K |
|
2258
First Mid Bancshares
FMBH
$1.4B
| $10M | ﹤0.01% |
313,183
-8,717
| -3% | -$316K |
|
|
STEL
2259
DELISTED
Stellar Bancorp
STEL
| $10M | ﹤0.01% |
342,192
+7,282
| +2% | +$219K |
|
|
BRY
2260
DELISTED
Berry Corp
BRY
| $9.96M | ﹤0.01% |
1,327,661
+30,068
| +2% | +$254K |
|
2261
SI-BONE Inc
SIBN
$818M
| $9.93M | ﹤0.01% |
568,524
+38,252
| +7% | +$612K |
|
2262
Oscar Health
OSCR
$9.27B
| $9.92M | ﹤0.01% |
1,988,744
+643,574
| +48% | +$3.76M |
|
|
CVGW
2263
DELISTED
Calavo Growers
CVGW
| $9.92M | ﹤0.01% |
312,530
+5,071
| +2% | +$204K |
|
|
NAPA
2264
DELISTED
The Duckhorn Portfolio, Inc.
NAPA
| $9.92M | ﹤0.01% |
687,344
+113,819
| +20% | +$2.04M |
|
|
NVTA
2265
DELISTED
Invitae Corporation
NVTA
| $9.91M | ﹤0.01% |
4,028,562
+231,902
| +6% | +$704K |
|
2266
Alkami Technology
ALKT
$2.01B
| $9.91M | ﹤0.01% |
658,340
+320,437
| +95% | +$4.67M |
|
|
VRAY
2267
DELISTED
ViewRay, Inc.
VRAY
| $9.91M | ﹤0.01% |
2,722,109
+39,771
| +1% | +$133K |
|
2268
QuinStreet
QNST
$897M
| $9.89M | ﹤0.01% |
941,765
+26,273
| +3% | +$299K |
|
|
AGEN
2269
Agenus
AGEN
$326M
| $9.88M | ﹤0.01% |
245,439
+19,467
| +9% | +$993K |
|
|
ACLX
2270
DELISTED
Arcellx
ACLX
| $9.85M | ﹤0.01% |
524,593
+333,285
| +174% | +$6.38M |
|
|
ONL
2271
Orion Office REIT
ONL
$155M
| $9.84M | ﹤0.01% |
1,124,937
+6,496
| +0.6% | +$66.6K |
|
2272
Old Second Bancorp
OSBC
$1.31B
| $9.84M | ﹤0.01% |
753,660
+19,804
| +3% | +$278K |
|
2273
Hackett Group
HCKT
$285M
| $9.83M | ﹤0.01% |
554,750
+11,226
| +2% | +$228K |
|
|
DICE
2274
DELISTED
DICE Therapeutics, Inc. Common Stock
DICE
| $9.83M | ﹤0.01% |
484,602
+103,557
| +27% | +$1.89M |
|
|
ARR
2275
Armour Residential REIT
ARR
$2.31B
| $9.82M | ﹤0.01% |
403,430
+34,638
| +9% | +$1.21M |
|
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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.