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 | |
|---|---|---|---|---|---|---|
2526
Ubiquiti
UI
$35B
| $7.03M | ﹤0.01% |
60,627
+1,410
| +2% | +$173K |
|
|
TAST
2527
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $7.01M | ﹤0.01% |
736,627
-28,333
| -4% | -$262K |
|
2528
Westrock Coffee
WEST
$807M
| $6.99M | ﹤0.01% |
677,065
+15,049
| +2% | +$152K |
|
2529
Park Aerospace
PKE
$828M
| $6.96M | ﹤0.01% |
418,590
+13,873
| +3% | +$206K |
|
2530
Colliers International
CIGI
$5.15B
| $6.95M | ﹤0.01% |
56,777
+5,267
| +10% | +$625K |
|
2531
Stem
STEM
$48.8M
| $6.95M | ﹤0.01% |
158,577
+2,861
| +2% | +$159K |
|
|
SMMF
2532
DELISTED
Summit Financial Group, Inc.
SMMF
| $6.93M | ﹤0.01% |
255,287
+5,356
| +2% | +$147K |
|
2533
ACNB Corp
ACNB
$656M
| $6.88M | ﹤0.01% |
182,840
+6,711
| +4% | +$262K |
|
2534
Tyra Biosciences
TYRA
$1.51B
| $6.84M | ﹤0.01% |
416,808
+83,339
| +25% | +$1.37M |
|
2535
South Plains Financial
SPFI
$858M
| $6.83M | ﹤0.01% |
255,074
+3,817
| +2% | +$102K |
|
2536
Kodak
KODK
$992M
| $6.82M | ﹤0.01% |
1,376,907
+12,014
| +0.9% | +$48.2K |
|
2537
Ivanhoe Electric
IE
$1.7B
| $6.81M | ﹤0.01% |
694,844
+20,747
| +3% | +$179K |
|
|
AMPS
2538
DELISTED
Altus Power
AMPS
| $6.8M | ﹤0.01% |
1,421,993
-6,012
| -0.4% | -$35.8K |
|
2539
SmartFinancial
SMBK
$898M
| $6.78M | ﹤0.01% |
321,625
+12,332
| +4% | +$273K |
|
2540
Genie Energy
GNE
$380M
| $6.77M | ﹤0.01% |
448,604
+23,537
| +6% | +$452K |
|
2541
Alta Equipment Group
ALTG
$254M
| $6.76M | ﹤0.01% |
521,621
+23,509
| +5% | +$270K |
|
2542
ALX Oncology
ALXO
$278M
| $6.74M | ﹤0.01% |
604,714
+19,680
| +3% | +$276K |
|
2543
Entrada Therapeutics
TRDA
$299M
| $6.74M | ﹤0.01% |
475,358
+15,977
| +3% | +$226K |
|
2544
Xeris Biopharma Holdings
XERS
$1.55B
| $6.73M | ﹤0.01% |
3,045,364
+153,287
| +5% | +$397K |
|
2545
Seneca Foods Class A
SENEA
$1.28B
| $6.72M | ﹤0.01% |
118,073
-3,880
| -3% | -$202K |
|
2546
Genesco
GCO
$391M
| $6.71M | ﹤0.01% |
238,328
+1,310
| +0.6% | +$37.8K |
|
2547
Rayonier Advanced Materials
RYAM
$561M
| $6.67M | ﹤0.01% |
1,395,823
+28,323
| +2% | +$121K |
|
2548
1-800-Flowers.com
FLWS
$262M
| $6.67M | ﹤0.01% |
615,720
+9,639
| +2% | +$99K |
|
2549
Universal Logistics Holdings
ULH
$518M
| $6.61M | ﹤0.01% |
179,365
+3,678
| +2% | +$119K |
|
2550
Larimar Therapeutics
LRMR
$454M
| $6.6M | ﹤0.01% |
869,383
+221,665
| +34% | +$1.73M |
|
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.