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 | |
|---|---|---|---|---|---|---|
2401
Anavex Life Sciences
AVXL
$303M
| $8.72M | ﹤0.01% |
1,712,727
+47,363
| +3% | +$267K |
|
2402
Avita Medical
RCEL
$248M
| $8.71M | ﹤0.01% |
543,016
+14,359
| +3% | +$232K |
|
|
NFBK
2403
DELISTED
Northfield Bancorp
NFBK
| $8.69M | ﹤0.01% |
894,250
+11,983
| +1% | +$131K |
|
|
SPYM
2404
State Street SPDR Portfolio S&P 500 ETF
SPYM
$170B
| – | – |
0
| – | – |
|
2405
Distribution Solutions Group
DSGR
$1.61B
| $8.68M | ﹤0.01% |
244,730
+6,541
| +3% | +$210K |
|
2406
Theravance Biopharma
TBPH
$878M
| $8.68M | ﹤0.01% |
967,452
-26,548
| -3% | -$246K |
|
2407
Digimarc Corp
DMRC
$158M
| $8.67M | ﹤0.01% |
319,047
+6,633
| +2% | +$230K |
|
2408
Tiptree Inc
TIPT
$677M
| $8.65M | ﹤0.01% |
500,555
+12,709
| +3% | +$228K |
|
2409
Stoke Therapeutics
STOK
$2.02B
| $8.64M | ﹤0.01% |
639,807
+24,083
| +4% | +$146K |
|
|
ARIS
2410
DELISTED
Aris Water Solutions
ARIS
| $8.62M | ﹤0.01% |
609,178
-4,717
| -0.8% | -$48K |
|
2411
Limbach Holdings
LMB
$527M
| $8.62M | ﹤0.01% |
208,092
+3,469
| +2% | +$151K |
|
|
EU
2412
enCore Energy
EU
$221M
| $8.6M | ﹤0.01% |
1,962,897
+346,666
| +21% | +$1.47M |
|
|
INST
2413
DELISTED
Instructure Holdings, Inc.
INST
| $8.57M | ﹤0.01% |
400,860
+5,888
| +1% | +$139K |
|
2414
Arrow Financial
AROW
$723M
| $8.57M | ﹤0.01% |
342,293
+2,530
| +0.7% | +$63.4K |
|
2415
MasterCraft Boat Holdings
MCFT
$598M
| $8.55M | ﹤0.01% |
360,568
-2,754
| -0.8% | -$59.2K |
|
2416
Covenant Logistics
CVLG
$880M
| $8.55M | ﹤0.01% |
368,660
+8,972
| +2% | +$215K |
|
2417
BioNTech
BNTX
$23.1B
| $8.52M | ﹤0.01% |
92,410
+1,983
| +2% | +$190K |
|
2418
DMC Global
BOOM
$153M
| $8.5M | ﹤0.01% |
435,826
+6,041
| +1% | +$106K |
|
2419
Ascendis Pharma A/S
ASND
$16.2B
| $8.48M | ﹤0.01% |
56,102
+1,012
| +2% | +$144K |
|
2420
Alerus Financial
ALRS
$844M
| $8.45M | ﹤0.01% |
386,919
+8,772
| +2% | +$192K |
|
2421
Tactile Systems Technology
TCMD
$537M
| $8.44M | ﹤0.01% |
519,573
+5,876
| +1% | +$88.8K |
|
|
CTO
2422
CTO Realty Growth
CTO
$823M
| $8.44M | ﹤0.01% |
497,914
+11,400
| +2% | +$192K |
|
2423
Bar Harbor Bankshares
BHB
$681M
| $8.44M | ﹤0.01% |
318,621
+8,210
| +3% | +$214K |
|
2424
Oil States International
OIS
$526M
| $8.43M | ﹤0.01% |
1,367,735
+19,097
| +1% | +$114K |
|
|
FFWM
2425
DELISTED
First Foundation Inc
FFWM
| $8.43M | ﹤0.01% |
1,115,910
+21,711
| +2% | +$186K |
|
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.