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 | |
|---|---|---|---|---|---|---|
2701
First Bancorp
FNLC
$402M
| $5.05M | ﹤0.01% |
204,998
+6,230
| +3% | +$153K |
|
2702
FS Bancorp
FSBW
$325M
| $5.04M | ﹤0.01% |
145,328
+4,144
| +3% | +$142K |
|
|
HUT
2703
Hut 8
HUT
$10.2B
| $5.04M | ﹤0.01% |
456,491
+176,593
| +63% | +$1.55M |
|
2704
American Express Global Business Travel
GBTG
$4.93B
| $5.03M | ﹤0.01% |
837,325
+21,406
| +3% | +$125K |
|
2705
Holley
HLLY
$362M
| $5.03M | ﹤0.01% |
1,127,638
+26,853
| +2% | +$123K |
|
2706
CorMedix
CRMD
$639M
| $5.02M | ﹤0.01% |
1,183,172
+24,364
| +2% | +$84.5K |
|
|
PSTX
2707
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
| $4.99M | ﹤0.01% |
1,563,360
+40,305
| +3% | +$134K |
|
|
AAN
2708
DELISTED
The Aaron's Company Inc
AAN
| $4.97M | ﹤0.01% |
662,490
-866
| -0.1% | -$8.1K |
|
2709
Organogenesis Holdings
ORGO
$226M
| $4.97M | ﹤0.01% |
1,748,523
+51,655
| +3% | +$176K |
|
2710
Fidelity D&D Bancorp
FDBC
$322M
| $4.96M | ﹤0.01% |
102,374
+3,513
| +4% | +$173K |
|
2711
Donegal Group Class A
DGICA
$692M
| $4.96M | ﹤0.01% |
350,624
+8,354
| +2% | +$118K |
|
2712
Park-Ohio Holdings
PKOH
$716M
| $4.95M | ﹤0.01% |
185,370
+3,095
| +2% | +$78.5K |
|
2713
SES AI
SES
$227M
| $4.95M | ﹤0.01% |
2,943,211
+55,059
| +2% | +$82.6K |
|
2714
Mineralys Therapeutics
MLYS
$2.31B
| $4.94M | ﹤0.01% |
382,764
+6,442
| +2% | +$79.6K |
|
|
PINE
2715
Alpine Income Property Trust
PINE
$347M
| $4.94M | ﹤0.01% |
323,076
+8,528
| +3% | +$134K |
|
2716
John Marshall Bancorp
JMSB
$328M
| $4.92M | ﹤0.01% |
274,369
+11,581
| +4% | +$218K |
|
2717
Cricut
CRCT
$1.23B
| $4.91M | ﹤0.01% |
1,031,346
+22,733
| +2% | +$121K |
|
2718
Waterstone Financial
WSBF
$378M
| $4.91M | ﹤0.01% |
403,103
+5,530
| +1% | +$70.3K |
|
|
KYNB
2719
Kyntra Bio
KYNB
$28.7M
| $4.88M | ﹤0.01% |
82,987
+2,256
| +3% | +$97.2K |
|
2720
The RealReal
REAL
$1.36B
| $4.87M | ﹤0.01% |
1,244,200
+24,822
| +2% | +$59.2K |
|
2721
iHeartMedia
IHRT
$450M
| $4.86M | ﹤0.01% |
2,327,153
+56,513
| +2% | +$133K |
|
2722
UroGen Pharma
URGN
$2.34B
| $4.86M | ﹤0.01% |
323,952
+11,436
| +4% | +$187K |
|
|
BRT
2723
BRT Apartments
BRT
$268M
| $4.84M | ﹤0.01% |
288,320
+19,422
| +7% | +$326K |
|
2724
Orange County Bancorp
OBT
$522M
| $4.83M | ﹤0.01% |
210,192
+7,836
| +4% | +$186K |
|
2725
Red Violet
RDVT
$1.11B
| $4.82M | ﹤0.01% |
246,277
+5,619
| +2% | +$103K |
|
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.