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 | |
|---|---|---|---|---|---|---|
|
TBCH
2551
Turtle Beach Corp
TBCH
$230M
| $6.58M | ﹤0.01% |
381,837
+14,999
| +4% | +$181K |
|
2552
Ezcorp Inc
EZPW
$1.76B
| $6.58M | ﹤0.01% |
580,388
+13,310
| +2% | +$131K |
|
2553
MBIA
MBI
$262M
| $6.53M | ﹤0.01% |
966,057
+6,286
| +0.7% | +$39.8K |
|
2554
Ribbon Communications
RBBN
$377M
| $6.53M | ﹤0.01% |
2,040,793
+34,105
| +2% | +$104K |
|
|
MODV
2555
DELISTED
ModivCare
MODV
| $6.52M | ﹤0.01% |
278,025
+5,205
| +2% | +$191K |
|
2556
Consensus Cloud Solutions
CCSI
$717M
| $6.51M | ﹤0.01% |
410,117
+2,787
| +0.7% | +$49.9K |
|
2557
GoodRx Holdings
GDRX
$1.27B
| $6.48M | ﹤0.01% |
912,725
+27,809
| +3% | +$184K |
|
2558
Hingham Institution for Saving
HIFS
$686M
| $6.48M | ﹤0.01% |
37,123
+336
| +0.9% | +$59.2K |
|
2559
Peoples Financial Services
PFIS
$717M
| $6.46M | ﹤0.01% |
149,918
+5,386
| +4% | +$231K |
|
|
PBPB
2560
DELISTED
Potbelly
PBPB
| $6.46M | ﹤0.01% |
533,126
+18,167
| +4% | +$227K |
|
2561
Solid Power
SLDP
$545M
| $6.45M | ﹤0.01% |
3,178,633
+49,329
| +2% | +$75.1K |
|
2562
Grindr
GRND
$2.74B
| $6.44M | ﹤0.01% |
635,305
-909
| -0.1% | -$8.09K |
|
2563
Montauk Renewables
MNTK
$268M
| $6.43M | ﹤0.01% |
1,545,605
+23,936
| +2% | +$150K |
|
2564
Prime Medicine
PRME
$575M
| $6.42M | ﹤0.01% |
916,861
+29,358
| +3% | +$223K |
|
2565
Trump Media & Technology Group
DJT
$2.31B
| $6.38M | ﹤0.01% |
102,923
+85,782
| +500% | +$3.33M |
|
|
OPTU
2566
Optimum Communications Inc
OPTU
$228M
| $6.37M | ﹤0.01% |
2,439,196
+67,100
| +3% | +$169K |
|
2567
Domo
DOMO
$187M
| $6.34M | ﹤0.01% |
710,473
+24,160
| +4% | +$251K |
|
2568
Omega Flex
OFLX
$291M
| $6.32M | ﹤0.01% |
89,045
+3,060
| +4% | +$217K |
|
2569
Excelerate Energy
EE
$1.12B
| $6.31M | ﹤0.01% |
394,066
+5,911
| +2% | +$88.6K |
|
2570
Financial Institutions
FISI
$825M
| $6.29M | ﹤0.01% |
334,297
+8,938
| +3% | +$177K |
|
2571
GoPro
GPRO
$117M
| $6.27M | ﹤0.01% |
2,812,361
+30,933
| +1% | +$82.6K |
|
2572
Citizens & Northern Corp
CZNC
$466M
| $6.27M | ﹤0.01% |
333,826
+17,693
| +6% | +$343K |
|
2573
Mid Penn Bancorp
MPB
$971M
| $6.27M | ﹤0.01% |
313,222
+13,120
| +4% | +$282K |
|
|
TRUE
2574
DELISTED
TrueCar
TRUE
| $6.26M | ﹤0.01% |
1,845,419
+51,801
| +3% | +$180K |
|
2575
Johnson Outdoors
JOUT
$512M
| $6.25M | ﹤0.01% |
135,428
+3,883
| +3% | +$178K |
|
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.