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 | |
|---|---|---|---|---|---|---|
|
STER
2426
DELISTED
Sterling Check Corp. Common Stock
STER
| $7.76M | ﹤0.01% |
501,948
+16,091
| +3% | +$260K |
|
2427
SmartFinancial
SMBK
$875M
| $7.76M | ﹤0.01% |
282,360
+15,514
| +6% | +$436K |
|
2428
Accel Entertainment
ACEL
$974M
| $7.75M | ﹤0.01% |
1,005,944
+6,741
| +0.7% | +$57.9K |
|
|
TBRG
2429
DELISTED
TruBridge
TBRG
| $7.7M | ﹤0.01% |
282,717
+6,666
| +2% | +$190K |
|
|
LUCK
2430
Lucky Strike Entertainment
LUCK
$897M
| $7.69M | ﹤0.01% |
570,393
-72,404
| -11% | -$980K |
|
2431
Gevo
GEVO
$385M
| $7.68M | ﹤0.01% |
4,040,316
+320,938
| +9% | +$677K |
|
|
TPIC
2432
DELISTED
TPI Composites
TPIC
| $7.67M | ﹤0.01% |
756,570
+64,747
| +9% | +$675K |
|
|
BIG
2433
DELISTED
Big Lots, Inc.
BIG
| $7.66M | ﹤0.01% |
521,084
+16,595
| +3% | +$286K |
|
2434
U-Haul Holding Co
UHAL
$14.5B
| $7.65M | ﹤0.01% |
127,052
-1,268,378
| -91% | -$73M |
|
2435
PetMed Express
PETS
$41.9M
| $7.64M | ﹤0.01% |
431,663
+13,955
| +3% | +$277K |
|
2436
Arcturus Therapeutics
ARCT
$202M
| $7.63M | ﹤0.01% |
449,939
+33,148
| +8% | +$578K |
|
2437
Inovio Pharmaceuticals
INO
$72.4M
| $7.63M | ﹤0.01% |
407,510
+24,175
| +6% | +$548K |
|
|
HDSN
2438
Hudson Technologies
HDSN
$241M
| $7.62M | ﹤0.01% |
752,513
+35,047
| +5% | +$342K |
|
2439
Orthofix Medical
OFIX
$419M
| $7.6M | ﹤0.01% |
370,115
+19,373
| +6% | +$342K |
|
2440
MacroGenics
MGNX
$257M
| $7.58M | ﹤0.01% |
1,129,343
+80,830
| +8% | +$443K |
|
2441
West Bancorporation
WTBA
$482M
| $7.55M | ﹤0.01% |
295,658
+12,276
| +4% | +$282K |
|
2442
Smith & Wesson
SWBI
$635M
| $7.54M | ﹤0.01% |
868,632
+16,509
| +2% | +$174K |
|
2443
Axogen
AXGN
$2.56B
| $7.54M | ﹤0.01% |
755,362
+13,388
| +2% | +$149K |
|
2444
Intapp
INTA
$3.02B
| $7.52M | ﹤0.01% |
301,567
+13,563
| +5% | +$300K |
|
2445
Xponential Fitness
XPOF
$207M
| $7.5M | ﹤0.01% |
326,918
+24,568
| +8% | +$507K |
|
|
REVG
2446
DELISTED
REV Group
REVG
| $7.47M | ﹤0.01% |
592,086
-7,081
| -1% | -$93.3K |
|
2447
Tejon Ranch
TRC
$445M
| $7.45M | ﹤0.01% |
395,651
+17,715
| +5% | +$309K |
|
2448
Mid Penn Bancorp
MPB
$936M
| $7.42M | ﹤0.01% |
247,572
+12,676
| +5% | +$407K |
|
|
INST
2449
DELISTED
Instructure Holdings, Inc.
INST
| $7.37M | ﹤0.01% |
314,507
+18,872
| +6% | +$440K |
|
2450
Carriage Services
CSV
$556M
| $7.33M | ﹤0.01% |
266,333
-1,219
| -0.5% | -$33.1K |
|
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.