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 | |
|---|---|---|---|---|---|---|
2176
First Community Bankshares
FCBC
$933M
| $12.8M | ﹤0.01% |
369,134
+8,780
| +2% | +$298K |
|
2177
Pennant Group
PNTG
$1.35B
| $12.8M | ﹤0.01% |
650,808
+16,844
| +3% | +$284K |
|
2178
Diebold Nixdorf
DBD
$2.45B
| $12.8M | ﹤0.01% |
370,170
+9,906
| +3% | +$318K |
|
|
OLO
2179
DELISTED
Olo Inc
OLO
| $12.7M | ﹤0.01% |
2,318,145
+47,061
| +2% | +$257K |
|
|
DOO
2180
Bombardier Recreational Products
DOO
$4.75B
| $12.7M | ﹤0.01% |
181,173
+21,642
| +14% | +$1.43M |
|
|
PLYA
2181
DELISTED
Playa Hotels & Resorts
PLYA
| $12.7M | ﹤0.01% |
1,309,391
+16,913
| +1% | +$149K |
|
|
GOLD
2182
Gold.com Inc
GOLD
$1.27B
| $12.7M | ﹤0.01% |
413,591
-683
| -0.2% | -$18.8K |
|
|
EHAB
2183
DELISTED
Enhabit
EHAB
| $12.7M | ﹤0.01% |
1,089,426
+22,896
| +2% | +$230K |
|
2184
Mission Produce
AVO
$1.15B
| $12.7M | ﹤0.01% |
1,068,618
+31,555
| +3% | +$337K |
|
2185
CareDx
CDNA
$2.45B
| $12.7M | ﹤0.01% |
1,195,056
+36,100
| +3% | +$361K |
|
2186
World Acceptance Corp
WRLD
$875M
| $12.7M | ﹤0.01% |
87,277
+3,099
| +4% | +$407K |
|
2187
Columbia Financial
CLBK
$1.22B
| $12.6M | ﹤0.01% |
732,812
+3,921
| +0.5% | +$68.5K |
|
2188
Altimmune
ALT
$560M
| $12.6M | ﹤0.01% |
1,236,798
+43,270
| +4% | +$440K |
|
|
RDUS
2189
DELISTED
Radius Recycling
RDUS
| $12.6M | ﹤0.01% |
595,147
+15,577
| +3% | +$367K |
|
2190
Oric Pharmaceuticals
ORIC
$1.42B
| $12.5M | ﹤0.01% |
911,633
+36,742
| +4% | +$436K |
|
2191
Spyre Therapeutics
SYRE
$8.98B
| $12.5M | ﹤0.01% |
330,225
+299,899
| +989% | +$8.69M |
|
2192
Lightwave Logic
LWLG
$1.12B
| $12.5M | ﹤0.01% |
2,675,458
+80,208
| +3% | +$349K |
|
|
SPNS
2193
DELISTED
Sapiens International
SPNS
| $12.5M | ﹤0.01% |
387,784
+8,622
| +2% | +$250K |
|
2194
Mesa Laboratories
MLAB
$633M
| $12.4M | ﹤0.01% |
112,865
+1,750
| +2% | +$176K |
|
2195
Novavax
NVAX
$1.34B
| $12.4M | ﹤0.01% |
2,587,734
+290,227
| +13% | +$1.35M |
|
2196
Business First Bancshares
BFST
$1.05B
| $12.4M | ﹤0.01% |
554,771
+20,780
| +4% | +$465K |
|
2197
Universal Insurance Holdings
UVE
$1.18B
| $12.3M | ﹤0.01% |
607,487
+13,654
| +2% | +$246K |
|
|
FPI
2198
Farmland Partners
FPI
$425M
| $12.3M | ﹤0.01% |
1,106,862
+35,891
| +3% | +$403K |
|
2199
Horizon Bancorp
HBNC
$1.05B
| $12.3M | ﹤0.01% |
957,272
+18,785
| +2% | +$240K |
|
2200
Cardlytics
CDLX
$25.1M
| $12.3M | ﹤0.01% |
84,670
+2,248
| +3% | +$190K |
|
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.