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 | |
|---|---|---|---|---|---|---|
2626
HBT Financial
HBT
$1.35B
| $5.71M | ﹤0.01% |
299,790
+14,959
| +5% | +$291K |
|
2627
SSR Mining
SSRM
$6.49B
| $5.7M | ﹤0.01% |
1,277,947
+52,138
| +4% | +$363K |
|
|
SEI
2628
Solaris Energy Infrastructure
SEI
$3.94B
| $5.7M | ﹤0.01% |
657,175
+7,471
| +1% | +$58.6K |
|
2629
JFrog
FROG
$11.5B
| $5.7M | ﹤0.01% |
128,826
+4,745
| +4% | +$184K |
|
2630
GrafTech
EAF
$201M
| $5.7M | ﹤0.01% |
412,682
+4,785
| +1% | +$74.6K |
|
|
TERN
2631
DELISTED
Terns Pharmaceuticals
TERN
| $5.68M | ﹤0.01% |
865,921
+25,462
| +3% | +$166K |
|
|
MCBC
2632
DELISTED
Macatawa Bank Corp
MCBC
| $5.65M | ﹤0.01% |
576,969
+15,590
| +3% | +$159K |
|
|
ONC
2633
BeOne Medicines Ltd
ONC
$40.6B
| $5.64M | ﹤0.01% |
36,075
+350
| +1% | +$56.4K |
|
2634
Digital Turbine
APPS
$1.5B
| $5.62M | ﹤0.01% |
2,145,622
+47,518
| +2% | +$202K |
|
2635
Rigel Pharmaceuticals
RIGL
$782M
| $5.61M | ﹤0.01% |
379,250
+9,980
| +3% | +$135K |
|
|
AD
2636
Array Digital Infrastructure
AD
$3.04B
| $5.61M | ﹤0.01% |
153,733
+7,479
| +5% | +$292K |
|
|
EBTC
2637
DELISTED
Enterprise Bancorp
EBTC
| $5.61M | ﹤0.01% |
215,837
+6,779
| +3% | +$188K |
|
|
GPMT
2638
Granite Point Mortgage Trust
GPMT
$58.8M
| $5.61M | ﹤0.01% |
1,175,048
+31,336
| +3% | +$163K |
|
2639
Hooker Furnishings Corp
HOFT
$160M
| $5.6M | ﹤0.01% |
233,327
+5,607
| +2% | +$134K |
|
2640
Outdoor Holding Co
POWW
$255M
| $5.59M | ﹤0.01% |
2,034,090
+48,162
| +2% | +$112K |
|
2641
Teekay
TK
$1.03B
| $5.56M | ﹤0.01% |
763,721
+15,088
| +2% | +$118K |
|
2642
Third Coast Bancshares
TCBX
$758M
| $5.56M | ﹤0.01% |
277,579
+13,043
| +5% | +$253K |
|
2643
Nano X Imaging
NNOX
$73.2M
| $5.54M | ﹤0.01% |
566,647
-11,858
| -2% | -$95K |
|
2644
MVB Financial
MVBF
$397M
| $5.54M | ﹤0.01% |
248,112
+12,759
| +5% | +$277K |
|
|
BLUE
2645
DELISTED
bluebird bio
BLUE
| $5.53M | ﹤0.01% |
215,913
+97,429
| +82% | +$2.5M |
|
2646
Bausch Health
BHC
$2.32B
| $5.52M | ﹤0.01% |
428,397
-830
| -0.2% | -$7.26K |
|
2647
ProFrac Holding
ACDC
$936M
| $5.48M | ﹤0.01% |
655,902
+853
| +0.1% | +$6.55K |
|
2648
W&T Offshore
WTI
$546M
| $5.48M | ﹤0.01% |
2,065,867
+29,187
| +1% | +$83.4K |
|
2649
Pangaea Logistics
PANL
$496M
| $5.47M | ﹤0.01% |
784,372
+13,588
| +2% | +$111K |
|
2650
Codexis
CDXS
$175M
| $5.45M | ﹤0.01% |
1,562,679
+48,287
| +3% | +$152K |
|
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.