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 | |
|---|---|---|---|---|---|---|
2126
Titan International
TWI
$438M
| $13.9M | ﹤0.01% |
1,116,112
+2,899
| +0.3% | +$39.8K |
|
2127
SI-BONE Inc
SIBN
$849M
| $13.9M | ﹤0.01% |
848,144
+21,285
| +3% | +$401K |
|
|
LPRO
2128
DELISTED
Open Lending Corp
LPRO
| $13.9M | ﹤0.01% |
2,214,591
+66,616
| +3% | +$491K |
|
|
DHC
2129
Diversified Healthcare Trust
DHC
$2.03B
| $13.8M | ﹤0.01% |
5,627,582
+115,557
| +2% | +$331K |
|
2130
Yext
YEXT
$613M
| $13.8M | ﹤0.01% |
2,285,720
+45,127
| +2% | +$267K |
|
2131
Liberty Live Group Series A
LLYVA
$9.59B
| $13.7M | ﹤0.01% |
324,282
+30,314
| +10% | +$1.13M |
|
|
CFB
2132
DELISTED
CrossFirst Bankshares, Inc. Common Stock
CFB
| $13.7M | ﹤0.01% |
990,141
+17,712
| +2% | +$237K |
|
2133
BrightSpring Health Services
BTSG
$11.9B
| $13.7M | ﹤0.01% |
+1,260,444
| New | +$12.6M |
|
|
XRN
2134
Chiron Real Estate Inc
XRN
$484M
| $13.7M | ﹤0.01% |
313,133
+11,654
| +4% | +$559K |
|
|
CBL
2135
CBL Properties
CBL
$1.78B
| $13.6M | ﹤0.01% |
595,487
+14,930
| +3% | +$352K |
|
2136
Conduent
CNDT
$252M
| $13.6M | ﹤0.01% |
4,016,745
+127,225
| +3% | +$442K |
|
|
PKST
2137
DELISTED
Peakstone Realty Trust
PKST
| $13.5M | ﹤0.01% |
838,980
+17,086
| +2% | +$262K |
|
2138
nLIGHT
LASR
$2.9B
| $13.5M | ﹤0.01% |
1,040,528
+27,054
| +3% | +$355K |
|
2139
Stagwell
STGW
$2.28B
| $13.5M | ﹤0.01% |
2,173,396
+101,366
| +5% | +$634K |
|
2140
Univest Financial
UVSP
$1.19B
| $13.5M | ﹤0.01% |
648,914
+789
| +0.1% | +$16K |
|
2141
Petrobras Class A
PBR.A
$104B
| $13.5M | ﹤0.01% |
905,983
| – | – |
|
|
TPC
2142
Tutor Perini Cor
TPC
$4.98B
| $13.5M | ﹤0.01% |
932,956
+30,803
| +3% | +$315K |
|
2143
Amerant Bancorp
AMTB
$1.14B
| $13.5M | ﹤0.01% |
577,732
+10,159
| +2% | +$229K |
|
2144
Evolus
EOLS
$530M
| $13.4M | ﹤0.01% |
959,559
+25,283
| +3% | +$329K |
|
2145
FIGS
FIGS
$2.47B
| $13.4M | ﹤0.01% |
2,696,172
+56,448
| +2% | +$325K |
|
2146
Mercantile Bank Corp
MBWM
$1.06B
| $13.4M | ﹤0.01% |
348,333
+12,428
| +4% | +$474K |
|
2147
Perella Weinberg Partners
PWP
$1.33B
| $13.4M | ﹤0.01% |
948,163
+24,101
| +3% | +$303K |
|
|
MTTR
2148
DELISTED
Matterport, Inc. Class A Common Stock
MTTR
| $13.4M | ﹤0.01% |
5,919,811
+235,962
| +4% | +$517K |
|
|
PLGO
2149
Pelagos Insurance Capital
PLGO
$1.95B
| $13.4M | ﹤0.01% |
687,193
+514,699
| +298% | +$7.58M |
|
|
KREF
2150
KKR Real Estate Finance Trust
KREF
$502M
| $13.3M | ﹤0.01% |
1,325,762
+26,235
| +2% | +$288K |
|
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.