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 | 22.95% |
| 2 | Healthcare | 15.44% |
| 3 | Financials | 14% |
| 4 | Consumer Discretionary | 9.78% |
| 5 | Industrials | 9.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Apple
AAPL
$4.91T
| $36.7B | 5.15% |
282,749,817
+2,991,299
| +1% | +$427M |
2013 Q2
38 quarters
|
|
|
2
Microsoft
MSFT
$3.97T
| $34.2B | 4.8% |
142,731,177
+3,268,917
| +2% | +$784M |
2013 Q2
38 quarters
|
|
|
3
Amazon
AMZN
$2.83T
| $13.5B | 1.9% |
161,534,790
+3,875,615
| +2% | +$383M |
2013 Q2
38 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$4.3T
| $10.3B | 1.45% |
117,077,511
+1,923,667
| +2% | +$183M |
2015 Q4
28 quarters
|
|
5
Berkshire Hathaway Class B
BRK.B
$1.1T
| $9.65B | 1.35% |
31,295,688
+401,406
| +1% | +$119M |
2013 Q2
38 quarters
|
|
6
UnitedHealth
UNH
$340B
| $8.92B | 1.25% |
16,858,436
+247,997
| +1% | +$131M |
2013 Q2
38 quarters
|
|
|
7
Alphabet (Google) Class C
GOOG
$4.25T
| $8.63B | 1.21% |
97,481,034
+988,569
| +1% | +$94.3M |
2013 Q2
38 quarters
|
|
8
Johnson & Johnson
JNJ
$630B
| $8.46B | 1.19% |
47,958,583
+294,671
| +0.6% | +$50.9M |
2013 Q2
38 quarters
|
|
9
ExxonMobil
XOM
$695B
| $8.08B | 1.13% |
73,350,328
-1,219,919
| -2% | -$131M |
2013 Q2
38 quarters
|
|
10
Procter & Gamble
PG
$351B
| $7B | 0.98% |
46,243,572
+323,292
| +0.7% | +$45.3M |
2013 Q2
38 quarters
|
|
11
JPMorgan Chase
JPM
$885B
| $6.86B | 0.96% |
51,248,625
+1,082,325
| +2% | +$137M |
2013 Q2
38 quarters
|
|
12
Visa
V
$724B
| $6.68B | 0.94% |
32,221,146
+640,839
| +2% | +$129M |
2013 Q2
38 quarters
|
|
13
NVIDIA
NVDA
$5.54T
| $6.68B | 0.94% |
457,889,520
+6,926,360
| +2% | +$102M |
2013 Q2
38 quarters
|
|
14
Tesla
TSLA
$1.51T
| $6.04B | 0.85% |
49,109,751
+1,614,023
| +3% | +$306M |
2013 Q2
38 quarters
|
|
15
Home Depot
HD
$290B
| $5.99B | 0.84% |
19,008,019
+585,226
| +3% | +$178M |
2013 Q2
38 quarters
|
|
16
Chevron
CVX
$416B
| $5.86B | 0.82% |
32,716,399
-344,388
| -1% | -$60.1M |
2013 Q2
38 quarters
|
|
17
Mastercard
MA
$516B
| $5.66B | 0.79% |
16,306,214
+208,671
| +1% | +$68.7M |
2013 Q2
38 quarters
|
|
18
Pfizer
PFE
$161B
| $5.59B | 0.78% |
109,275,578
-1,166,562
| -1% | -$55.9M |
2013 Q2
38 quarters
|
|
19
AbbVie
ABBV
$489B
| $5.45B | 0.76% |
33,752,509
-77,992
| -0.2% | -$12M |
2013 Q2
38 quarters
|
|
20
Meta Platforms (Facebook)
META
$1.83T
| $5.42B | 0.76% |
45,158,933
+1,486,114
| +3% | +$175M |
2013 Q2
38 quarters
|
|
|
21
Eli Lilly
LLY
$1.05T
| $5.37B | 0.75% |
14,707,460
-1,383,789
| -9% | -$491M |
2013 Q2
38 quarters
|
|
22
Merck
MRK
$359B
| $5.35B | 0.75% |
48,339,275
+238,356
| +0.5% | +$24.4M |
2013 Q2
38 quarters
|
|
23
Coca-Cola
KO
$379B
| $4.82B | 0.68% |
75,894,046
+447,835
| +0.6% | +$27M |
2013 Q2
38 quarters
|
|
24
PepsiCo
PEP
$172B
| $4.62B | 0.65% |
25,637,180
+267,641
| +1% | +$47.7M |
2013 Q2
38 quarters
|
|
25
Broadcom
AVGO
$1.73T
| $4.15B | 0.58% |
74,382,700
+1,959,180
| +3% | +$98.2M |
2013 Q2
38 quarters
|
|
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.