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 |
NVIDIA
NVDA
|
+$1.81B |
| 2 |
Microsoft
MSFT
|
+$1.34B |
| 3 |
Apple
AAPL
|
+$1.25B |
| 4 |
Amazon
AMZN
|
+$1.17B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$480M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$373M |
| 2 |
Amgen
AMGN
|
+$204M |
| 3 |
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
|
+$180M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$160M |
| 5 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.47% |
| 2 | Financials | 12.91% |
| 3 | Healthcare | 12.22% |
| 4 | Consumer Discretionary | 10.6% |
| 5 | Industrials | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
2501
Biomea Fusion
BMEA
$92.8M
| $7.38M | ﹤0.01% |
493,631
+13,309
| +3% | +$219K |
|
2502
Limoneira
LMNR
$250M
| $7.35M | ﹤0.01% |
375,872
+14,683
| +4% | +$273K |
|
2503
Custom Truck One Source
CTOS
$2.33B
| $7.34M | ﹤0.01% |
1,261,698
+6,975
| +0.6% | +$43.3K |
|
2504
8x8 Inc
EGHT
$303M
| $7.34M | ﹤0.01% |
2,718,629
+113,653
| +4% | +$344K |
|
2505
Standard BioTools
LAB
$294M
| $7.34M | ﹤0.01% |
2,706,926
+1,900,884
| +236% | +$4.59M |
|
2506
Tootsie Roll Industries
TR
$3.02B
| $7.32M | ﹤0.01% |
242,414
+7,824
| +3% | +$237K |
|
2507
Tejon Ranch
TRC
$443M
| $7.31M | ﹤0.01% |
474,238
+10,843
| +2% | +$176K |
|
2508
Greenlight Captial
GLRE
$512M
| $7.3M | ﹤0.01% |
585,181
+13,806
| +2% | +$161K |
|
|
MOFG
2509
DELISTED
MidWestOne Financial Group
MOFG
| $7.28M | ﹤0.01% |
310,744
+5,001
| +2% | +$120K |
|
2510
Sutro Biopharma
STRO
$353M
| $7.27M | ﹤0.01% |
128,632
+2,708
| +2% | +$120K |
|
2511
Unisys
UIS
$210M
| $7.24M | ﹤0.01% |
1,475,040
+23,765
| +2% | +$144K |
|
2512
Arhaus
ARHS
$1.37B
| $7.24M | ﹤0.01% |
470,423
+8,630
| +2% | +$111K |
|
2513
SEACOR Marine Holdings
SMHI
$262M
| $7.24M | ﹤0.01% |
519,210
+14,734
| +3% | +$171K |
|
|
LOVE
2514
LoveSac
LOVE
$258M
| $7.21M | ﹤0.01% |
319,042
+9,507
| +3% | +$222K |
|
|
BBUC
2515
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.01B
| $7.21M | ﹤0.01% |
298,723
+5,937
| +2% | +$137K |
|
2516
Spok Holdings
SPOK
$230M
| $7.2M | ﹤0.01% |
451,162
+10,491
| +2% | +$173K |
|
|
PSTL
2517
Postal Realty Trust
PSTL
$701M
| $7.19M | ﹤0.01% |
502,319
+22,254
| +5% | +$315K |
|
2518
RUM Group Inc
RUM
$3.74B
| $7.19M | ﹤0.01% |
888,997
+23,481
| +3% | +$152K |
|
2519
Ranpak Holdings
PACK
$479M
| $7.18M | ﹤0.01% |
912,190
+28,182
| +3% | +$148K |
|
2520
BP
BP
$110B
| $7.17M | ﹤0.01% |
190,403
| – | – |
|
|
SLNO
2521
DELISTED
Soleno Therapeutics
SLNO
| $7.15M | ﹤0.01% |
167,021
+4,177
| +3% | +$189K |
|
2522
OneWater Marine
ONEW
$203M
| $7.12M | ﹤0.01% |
252,896
+9,913
| +4% | +$267K |
|
2523
Viemed Healthcare
VMD
$349M
| $7.09M | ﹤0.01% |
751,559
+371,603
| +98% | +$3.18M |
|
|
AGTI
2524
DELISTED
Agiliti Inc
AGTI
| $7.08M | ﹤0.01% |
699,195
+6,400
| +0.9% | +$53.6K |
|
2525
Zymeworks
ZYME
$1.83B
| $7.04M | ﹤0.01% |
668,984
+29,312
| +5% | +$325K |
|
Similar funds
Geode Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Geode Capital Management held 4,738 positions worth $1.08T, up 13% from $956B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Geode Capital Management deployed $32.6B of net new capital in Q1 2024, opening 85 new positions and adding to 3,720 existing holdings. Its largest new stake was Solventum: 2,733,775 shares worth $0.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Amgen, an estimated $204M trimmed.
- Geode Capital Management's largest Q1 2024 buy was Solventum: 2,733,775 shares worth $0.
- Geode Capital Management added most to NVIDIA in Q1 2024, an estimated $1.81B increase.
- Geode Capital Management's biggest Q1 2024 reduction was Amgen, cutting an estimated $204M.
- Geode Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $373M.
- Geode Capital Management's ten largest holdings make up 28% of its $1.08T portfolio in Q1 2024.
- Geode Capital Management opened 85 new positions and closed 123 in Q1 2024.
- Geode Capital Management's portfolio value rose 13% quarter-over-quarter to $1.08T.
Based on Geode Capital Management's 13F filing for Q1 2024, filed 13 May 2024.