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 | |
|---|---|---|---|---|---|---|
|
EQRX
2251
DELISTED
EQRx, Inc. Common Stock
EQRX
| $10.3M | ﹤0.01% |
4,200,875
+93,530
| +2% | +$369K |
|
|
ESMT
2252
DELISTED
EngageSmart, Inc.
ESMT
| $10.3M | ﹤0.01% |
585,851
+45,651
| +8% | +$838K |
|
2253
ImmunityBio
IBRX
$8.1B
| $10.3M | ﹤0.01% |
2,030,492
+108,903
| +6% | +$598K |
|
2254
Compass Diversified
CODI
$828M
| $10.3M | ﹤0.01% |
563,784
+27,537
| +5% | +$517K |
|
2255
Boston Omaha
BOC
$436M
| $10.2M | ﹤0.01% |
386,635
+32,031
| +9% | +$840K |
|
|
FFIC
2256
DELISTED
Flushing Financial
FFIC
| $10.2M | ﹤0.01% |
525,137
+6,360
| +1% | +$128K |
|
|
ACRE
2257
Ares Commercial Real Estate
ACRE
$270M
| $10.2M | ﹤0.01% |
986,533
+50,535
| +5% | +$581K |
|
2258
Emergent Biosolutions
EBS
$248M
| $10.1M | ﹤0.01% |
858,414
+21,994
| +3% | +$340K |
|
2259
Vodafone
VOD
$37.4B
| $10.1M | ﹤0.01% |
998,380
-170,576
| -15% | -$1.92M |
|
2260
Ducommun
DCO
$2.98B
| $10.1M | ﹤0.01% |
201,760
+5,633
| +3% | +$268K |
|
|
SNCY
2261
DELISTED
Sun Country Airlines
SNCY
| $10.1M | ﹤0.01% |
634,678
+28,126
| +5% | +$493K |
|
|
LGTY
2262
DELISTED
Logility Supply Chain Solutions, Inc. Common Stock
LGTY
| $10.1M | ﹤0.01% |
685,145
-36,760
| -5% | -$564K |
|
2263
Alkami Technology
ALKT
$2.11B
| $10M | ﹤0.01% |
688,368
+30,028
| +5% | +$419K |
|
2264
Community Health Systems
CYH
$423M
| $10M | ﹤0.01% |
2,319,658
+126,589
| +6% | +$390K |
|
|
MRSN
2265
DELISTED
Mersana Therapeutics
MRSN
| $10M | ﹤0.01% |
68,299
+2,298
| +3% | +$388K |
|
|
MCHB
2266
Mechanics Bancorp
MCHB
$3.68B
| $10M | ﹤0.01% |
362,649
+22,203
| +7% | +$608K |
|
2267
Opko Health
OPK
$1.02B
| $9.98M | ﹤0.01% |
7,987,366
+158,178
| +2% | +$249K |
|
2268
Coherus Oncology
CHRS
$196M
| $9.98M | ﹤0.01% |
1,260,420
+31,211
| +3% | +$240K |
|
2269
Byline Bancorp
BY
$1.76B
| $9.98M | ﹤0.01% |
434,519
+5,810
| +1% | +$130K |
|
2270
i3 Verticals
IIIV
$342M
| $9.97M | ﹤0.01% |
409,499
+19,940
| +5% | +$450K |
|
|
ONL
2271
Orion Office REIT
ONL
$160M
| $9.94M | ﹤0.01% |
1,163,918
+38,981
| +3% | +$356K |
|
2272
iQIYI
IQ
$1.28B
| $9.91M | ﹤0.01% |
1,877,508
+20,465
| +1% | +$59.7K |
|
2273
Copa Holdings
CPA
$5.8B
| $9.88M | ﹤0.01% |
118,820
+11,270
| +10% | +$887K |
|
|
BAND
2274
Bandwidth Inc
BAND
$1.61B
| $9.87M | ﹤0.01% |
430,063
+17,200
| +4% | +$313K |
|
2275
AngioDynamics
ANGO
$649M
| $9.85M | ﹤0.01% |
714,995
+24,848
| +4% | +$346K |
|
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.