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 | |
|---|---|---|---|---|---|---|
|
BRY
2151
DELISTED
Berry Corp
BRY
| $13.3M | ﹤0.01% |
1,650,294
+41,174
| +3% | +$288K |
|
2152
First Watch Restaurant Group
FWRG
$800M
| $13.2M | ﹤0.01% |
538,081
+7,163
| +1% | +$162K |
|
2153
Gogo Inc
GOGO
$377M
| $13.2M | ﹤0.01% |
1,507,631
+26,294
| +2% | +$237K |
|
2154
Navitas Semiconductor
NVTS
$3.57B
| $13.2M | ﹤0.01% |
2,773,876
+128,085
| +5% | +$752K |
|
2155
Old Second Bancorp
OSBC
$1.31B
| $13.2M | ﹤0.01% |
955,594
+19,372
| +2% | +$271K |
|
2156
Clear Channel Outdoor Holdings
CCO
$1.18B
| $13.2M | ﹤0.01% |
8,014,133
+202,887
| +3% | +$347K |
|
2157
Cabaletta Bio
CABA
$442M
| $13.2M | ﹤0.01% |
773,090
+19,914
| +3% | +$427K |
|
2158
TFS Financial
TFSL
$4.93B
| $13.1M | ﹤0.01% |
1,044,392
+23,895
| +2% | +$316K |
|
|
CWEN.A
2159
DELISTED
Clearway Energy Class A
CWEN.A
| $13.1M | ﹤0.01% |
606,659
+13,771
| +2% | +$301K |
|
2160
Summit Therapeutics
SMMT
$11.2B
| $13.1M | ﹤0.01% |
3,152,390
+66,724
| +2% | +$265K |
|
2161
Universal Technical Institute
UTI
$1.42B
| $13M | ﹤0.01% |
818,537
+158,414
| +24% | +$2.3M |
|
|
CHUY
2162
DELISTED
Chuy's Holdings, Inc. Common Stock
CHUY
| $13M | ﹤0.01% |
385,046
-3,693
| -0.9% | -$126K |
|
|
LAZR
2163
DELISTED
Luminar Technologies
LAZR
| $12.9M | ﹤0.01% |
437,400
+26,536
| +6% | +$968K |
|
|
GLDD
2164
DELISTED
Great Lakes Dredge & Dock
GLDD
| $12.9M | ﹤0.01% |
1,474,365
+28,652
| +2% | +$236K |
|
2165
Ennis
EBF
$559M
| $12.9M | ﹤0.01% |
628,500
+24,515
| +4% | +$501K |
|
2166
Treace Medical Concepts
TMCI
$293M
| $12.9M | ﹤0.01% |
987,727
+23,424
| +2% | +$312K |
|
2167
Global Industrial
GIC
$1.49B
| $12.9M | ﹤0.01% |
287,783
+8,865
| +3% | +$378K |
|
2168
Heartland Express
HTLD
$979M
| $12.9M | ﹤0.01% |
1,078,040
+15,693
| +1% | +$199K |
|
2169
Trip.com Group
TCOM
$28.3B
| $12.9M | ﹤0.01% |
292,983
+1,300
| +0.4% | +$52.8K |
|
2170
Vitesse Energy
VTS
$682M
| $12.9M | ﹤0.01% |
541,553
+26,056
| +5% | +$572K |
|
2171
3D Systems Corp
DDD
$601M
| $12.8M | ﹤0.01% |
2,893,355
+57,533
| +2% | +$283K |
|
2172
Castle Biosciences
CSTL
$933M
| $12.8M | ﹤0.01% |
578,534
+12,419
| +2% | +$270K |
|
2173
Byline Bancorp
BY
$1.78B
| $12.8M | ﹤0.01% |
588,724
+11,949
| +2% | +$257K |
|
2174
Maplebear
CART
$11.6B
| $12.8M | ﹤0.01% |
342,925
+16,612
| +5% | +$486K |
|
2175
Usana Health Sciences
USNA
$252M
| $12.8M | ﹤0.01% |
263,610
+7,384
| +3% | +$362K |
|
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.