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 | |
|---|---|---|---|---|---|---|
2201
Miller Industries
MLR
$640M
| $12.2M | ﹤0.01% |
244,197
+7,861
| +3% | +$343K |
|
2202
FuelCell Energy
FCEL
$1.63B
| $12.2M | ﹤0.01% |
340,953
+11,307
| +3% | +$417K |
|
|
CLDT
2203
Chatham Lodging
CLDT
$601M
| $12.2M | ﹤0.01% |
1,203,362
+28,454
| +2% | +$297K |
|
2204
Midland States Bancorp
MSBI
$698M
| $12.2M | ﹤0.01% |
484,086
+13,805
| +3% | +$348K |
|
2205
TeraWulf
WULF
$8.14B
| $12.2M | ﹤0.01% |
4,620,851
+407,347
| +10% | +$803K |
|
2206
iQIYI
IQ
$1.31B
| $12.1M | ﹤0.01% |
2,880,443
+167,976
| +6% | +$646K |
|
|
YMAB
2207
DELISTED
Y-mAbs Therapeutics
YMAB
| $12.1M | ﹤0.01% |
742,749
+4,201
| +0.6% | +$56.6K |
|
2208
Astronics
ATRO
$4.57B
| $12.1M | ﹤0.01% |
761,135
+44,201
| +6% | +$657K |
|
2209
Anterix
ATEX
$1.79B
| $12.1M | ﹤0.01% |
359,241
+7,749
| +2% | +$261K |
|
2210
OmniAb
OABI
$499M
| $12.1M | ﹤0.01% |
2,223,852
+72,297
| +3% | +$416K |
|
2211
Travere Therapeutics
TVTX
$5.79B
| $12M | ﹤0.01% |
1,560,888
+39,158
| +3% | +$330K |
|
2212
CEVA Inc
CEVA
$855M
| $12M | ﹤0.01% |
529,146
+17,932
| +4% | +$392K |
|
|
LBPH
2213
DELISTED
Longboard Pharmaceuticals, Inc. Common Stock
LBPH
| $12M | ﹤0.01% |
556,083
+221,422
| +66% | +$4.83M |
|
2214
Opko Health
OPK
$1.04B
| $12M | ﹤0.01% |
9,971,554
+252,186
| +3% | +$252K |
|
2215
Baidu
BIDU
$35.5B
| $12M | ﹤0.01% |
113,652
+1,967
| +2% | +$209K |
|
2216
NerdWallet
NRDS
$639M
| $12M | ﹤0.01% |
813,163
+14,110
| +2% | +$218K |
|
2217
Cogent Biosciences
COGT
$6.47B
| $11.9M | ﹤0.01% |
1,777,104
+48,322
| +3% | +$299K |
|
2218
Independent Bank Corp
IBCP
$854M
| $11.9M | ﹤0.01% |
470,829
+10,335
| +2% | +$257K |
|
2219
Liberty Broadband Class A
LBRDA
$5.29B
| $11.9M | ﹤0.01% |
208,885
+20,656
| +11% | +$1.36M |
|
|
NPKI
2220
NPK International
NPKI
$1.18B
| $11.9M | ﹤0.01% |
1,644,586
+33,480
| +2% | +$219K |
|
2221
Douglas Dynamics
PLOW
$967M
| $11.9M | ﹤0.01% |
491,829
+9,641
| +2% | +$244K |
|
|
HTBK
2222
DELISTED
Heritage Commerce
HTBK
| $11.8M | ﹤0.01% |
1,377,643
+32,495
| +2% | +$284K |
|
|
TRST
2223
Trustco Bank Corp NY
TRST
$971M
| $11.8M | ﹤0.01% |
419,680
+4,401
| +1% | +$125K |
|
2224
Wave Life Sciences
WVE
$1.02B
| $11.8M | ﹤0.01% |
1,912,742
+452,978
| +31% | +$2.27M |
|
|
KE
2225
Kimball Electronics
KE
$626M
| $11.8M | ﹤0.01% |
545,046
+9,026
| +2% | +$204K |
|
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.