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 | |
|---|---|---|---|---|---|---|
2301
Coastal Financial
CCB
$774M
| $10.4M | ﹤0.01% |
268,266
+10,361
| +4% | +$410K |
|
2302
Vishay Precision Group
VPG
$908M
| $10.4M | ﹤0.01% |
294,862
+3,640
| +1% | +$121K |
|
2303
Republic Bancorp
RBCAA
$1.92B
| $10.4M | ﹤0.01% |
203,927
+6,568
| +3% | +$331K |
|
2304
NextDecade
NEXT
$1.8B
| $10.4M | ﹤0.01% |
1,829,707
+100,009
| +6% | +$499K |
|
2305
BrightView Holdings
BV
$1.08B
| $10.4M | ﹤0.01% |
872,285
+22,320
| +3% | +$203K |
|
2306
Alignment Healthcare
ALHC
$2.79B
| $10.3M | ﹤0.01% |
2,085,396
+49,088
| +2% | +$314K |
|
2307
Aviat Networks
AVNW
$282M
| $10.3M | ﹤0.01% |
269,741
+17,961
| +7% | +$602K |
|
|
HLVX
2308
DELISTED
HilleVax
HLVX
| $10.3M | ﹤0.01% |
621,817
+30,672
| +5% | +$491K |
|
2309
Cipher Digital
CIFR
$6.9B
| $10.3M | ﹤0.01% |
2,006,460
+371,756
| +23% | +$1.29M |
|
2310
argenx
ARGX
$53.6B
| $10.3M | ﹤0.01% |
26,228
+316
| +1% | +$122K |
|
|
HDSN
2311
Hudson Technologies
HDSN
$239M
| $10.3M | ﹤0.01% |
937,261
+16,504
| +2% | +$215K |
|
|
MCW
2312
DELISTED
Mister Car Wash
MCW
| $10.3M | ﹤0.01% |
1,330,319
+45,532
| +4% | +$375K |
|
|
DENN
2313
DELISTED
Denny's
DENN
| $10.3M | ﹤0.01% |
1,148,798
+20,339
| +2% | +$200K |
|
2314
Evolv Technologies
EVLV
$1.04B
| $10.3M | ﹤0.01% |
2,312,228
+91,988
| +4% | +$397K |
|
2315
Ramaco Resources Class A
METC
$667M
| $10.3M | ﹤0.01% |
630,942
+16,304
| +3% | +$289K |
|
2316
NETGEAR
NTGR
$647M
| $10.3M | ﹤0.01% |
651,364
+12,698
| +2% | +$185K |
|
|
CMRC
2317
Commerce.com Inc Series 1
CMRC
$184M
| $10.3M | ﹤0.01% |
1,490,537
+49,646
| +3% | +$398K |
|
2318
Fulgent Genetics
FLGT
$513M
| $10.3M | ﹤0.01% |
472,381
+9,621
| +2% | +$239K |
|
2319
Annexon
ANNX
$862M
| $10.3M | ﹤0.01% |
1,429,486
+507,254
| +55% | +$2.63M |
|
2320
Designer Brands
DBI
$312M
| $10.2M | ﹤0.01% |
937,294
-8,221
| -0.9% | -$78.7K |
|
2321
Planet Labs
PL
$8.82B
| $10.2M | ﹤0.01% |
4,005,141
+111,038
| +3% | +$251K |
|
2322
OraSure Technologies
OSUR
$277M
| $10.1M | ﹤0.01% |
1,647,413
+56,407
| +4% | +$410K |
|
|
CRGX
2323
DELISTED
CARGO Therapeutics
CRGX
| $10.1M | ﹤0.01% |
453,842
+251,060
| +124% | +$5.97M |
|
2324
Autohome
ATHM
$2.6B
| $10.1M | ﹤0.01% |
388,296
+13,917
| +4% | +$362K |
|
|
ORC
2325
Orchid Island Capital
ORC
$1.32B
| $10.1M | ﹤0.01% |
1,131,682
+31,192
| +3% | +$265K |
|
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.