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 | |
|---|---|---|---|---|---|---|
2301
VSE Corp
VSEC
$6.12B
| $9.49M | ﹤0.01% |
202,549
+9,342
| +5% | +$425K |
|
|
CVGW
2302
DELISTED
Calavo Growers
CVGW
| $9.47M | ﹤0.01% |
322,295
+9,765
| +3% | +$327K |
|
2303
W&T Offshore
WTI
$518M
| $9.47M | ﹤0.01% |
1,697,533
+77,860
| +5% | +$536K |
|
2304
Mercantile Bank Corp
MBWM
$1.05B
| $9.46M | ﹤0.01% |
282,715
+10,465
| +4% | +$351K |
|
2305
Transcat
TRNS
$871M
| $9.45M | ﹤0.01% |
133,326
+6,317
| +5% | +$481K |
|
2306
Insteel Industries
IIIN
$625M
| $9.42M | ﹤0.01% |
342,441
+7,807
| +2% | +$214K |
|
2307
First Community Bankshares
FCBC
$911M
| $9.4M | ﹤0.01% |
277,457
+2,137
| +0.8% | +$76.3K |
|
|
SHCR
2308
DELISTED
Sharecare, Inc. Class A Common Stock
SHCR
| $9.4M | ﹤0.01% |
5,875,664
+200,863
| +4% | +$372K |
|
2309
ATN International
ATNI
$492M
| $9.4M | ﹤0.01% |
207,439
+6,814
| +3% | +$298K |
|
2310
Movado Group
MOV
$841M
| $9.4M | ﹤0.01% |
291,391
+3,181
| +1% | +$101K |
|
|
EBIX
2311
DELISTED
Ebix Inc
EBIX
| $9.38M | ﹤0.01% |
469,826
+17,283
| +4% | +$334K |
|
2312
Bank of Marin Bancorp
BMRC
$459M
| $9.34M | ﹤0.01% |
284,004
+7,682
| +3% | +$258K |
|
2313
uniQure
QURE
$3.22B
| $9.31M | ﹤0.01% |
410,592
+14,405
| +4% | +$311K |
|
2314
IDT Corp
IDT
$1.62B
| $9.3M | ﹤0.01% |
330,094
+22,235
| +7% | +$596K |
|
2315
Mission Produce
AVO
$1.17B
| $9.29M | ﹤0.01% |
799,321
+27,048
| +4% | +$416K |
|
2316
indie Semiconductor
INDI
$854M
| $9.28M | ﹤0.01% |
1,592,437
+94,313
| +6% | +$695K |
|
|
MCW
2317
DELISTED
Mister Car Wash
MCW
| $9.26M | ﹤0.01% |
1,003,279
+49,914
| +5% | +$463K |
|
|
RDFN
2318
DELISTED
Redfin
RDFN
| $9.22M | ﹤0.01% |
2,175,754
+3,552
| +0.2% | +$16.7K |
|
|
ITOS
2319
DELISTED
iTeos Therapeutics
ITOS
| $9.21M | ﹤0.01% |
471,508
+24,627
| +6% | +$481K |
|
|
TVRD
2320
Tvardi Therapeutics
TVRD
$23.4M
| $9.21M | ﹤0.01% |
23,815
+1,032
| +5% | +$392K |
|
2321
Designer Brands
DBI
$333M
| $9.19M | ﹤0.01% |
940,170
-24,612
| -3% | -$332K |
|
2322
REX American Resources
REX
$1.41B
| $9.17M | ﹤0.01% |
575,846
+14,550
| +3% | +$219K |
|
2323
argenx
ARGX
$54.1B
| $9.15M | ﹤0.01% |
24,159
-6,593
| -21% | -$2.47M |
|
2324
Brookdale Senior Living
BKD
$3.4B
| $9.13M | ﹤0.01% |
3,345,048
+75,877
| +2% | +$284K |
|
|
CWAN
2325
DELISTED
Clearwater Analytics
CWAN
| $9.13M | ﹤0.01% |
486,766
+29,079
| +6% | +$504K |
|
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.