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 | |
|---|---|---|---|---|---|---|
2326
Kelly Services Class A
KELYA
$520M
| $9.05M | ﹤0.01% |
665,972
+16,516
| +3% | +$298K |
|
2327
Cass Information Systems
CASS
$722M
| $9.05M | ﹤0.01% |
260,778
+5,473
| +2% | +$197K |
|
2328
Select Water Solutions
WTTR
$2.29B
| $9.04M | ﹤0.01% |
1,296,531
+101,855
| +9% | +$707K |
|
|
RYZ
2329
Ryerson Holding Corp
RYZ
$1.46B
| $9.02M | ﹤0.01% |
350,603
+60,742
| +21% | +$1.62M |
|
|
THR
2330
DELISTED
Thermon Group Holdings
THR
| $8.99M | ﹤0.01% |
583,525
+10,447
| +2% | +$172K |
|
2331
SFL Corp
SFL
$1.65B
| $8.99M | ﹤0.01% |
987,020
+32,025
| +3% | +$325K |
|
2332
Erasca
ERAS
$6.19B
| $8.96M | ﹤0.01% |
1,148,996
+374,638
| +48% | +$3.02M |
|
2333
Aurora
AUR
$13.3B
| $8.94M | ﹤0.01% |
4,043,425
+753,640
| +23% | +$1.87M |
|
|
INBX
2334
DELISTED
Inhibrx, Inc. Common Stock
INBX
| $8.92M | ﹤0.01% |
496,807
+63,688
| +15% | +$1.15M |
|
|
DX
2335
Dynex Capital
DX
$3.15B
| $8.89M | ﹤0.01% |
762,973
+122,499
| +19% | +$1.91M |
|
2336
Insteel Industries
IIIN
$602M
| $8.88M | ﹤0.01% |
334,634
+9,352
| +3% | +$290K |
|
2337
DHT Holdings
DHT
$2.98B
| $8.87M | ﹤0.01% |
1,173,743
-14,651
| -1% | -$110K |
|
2338
Axogen
AXGN
$2.46B
| $8.84M | ﹤0.01% |
741,974
+20,893
| +3% | +$209K |
|
2339
Smith & Wesson
SWBI
$660M
| $8.84M | ﹤0.01% |
852,123
+20,345
| +2% | +$269K |
|
|
CIO
2340
DELISTED
City Office REIT
CIO
| $8.83M | ﹤0.01% |
885,839
-12,073
| -1% | -$149K |
|
2341
First Community Bankshares
FCBC
$904M
| $8.82M | ﹤0.01% |
275,320
+329
| +0.1% | +$10.4K |
|
|
DOO
2342
Bombardier Recreational Products
DOO
$4.53B
| $8.8M | ﹤0.01% |
143,182
+14,468
| +11% | +$1.02M |
|
|
ESTE
2343
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
| $8.78M | ﹤0.01% |
712,938
-106,711
| -13% | -$1.45M |
|
2344
Yext
YEXT
$569M
| $8.76M | ﹤0.01% |
1,965,222
-43,006
| -2% | -$199K |
|
|
HCCI
2345
DELISTED
Heritage-Crystal Clean, Inc.
HCCI
| $8.76M | ﹤0.01% |
296,195
-2,239
| -0.8% | -$70K |
|
2346
Unisys
UIS
$218M
| $8.75M | ﹤0.01% |
1,159,298
+16,532
| +1% | +$177K |
|
2347
SandRidge Energy
SD
$503M
| $8.74M | ﹤0.01% |
535,825
+9,826
| +2% | +$177K |
|
|
EHAB
2348
DELISTED
Enhabit
EHAB
| $8.73M | ﹤0.01% |
622,201
-13,285
| -2% | -$215K |
|
|
TWOU
2349
DELISTED
2U Inc
TWOU
| $8.69M | ﹤0.01% |
46,333
+1,385
| +3% | +$361K |
|
2350
Byline Bancorp
BY
$1.81B
| $8.68M | ﹤0.01% |
428,709
+12,539
| +3% | +$287K |
|
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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.