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 |
GE HealthCare
GEHC
|
+$484M |
| 2 |
Microsoft
MSFT
|
+$417M |
| 3 |
Amazon
AMZN
|
+$365M |
| 4 |
Apple
AAPL
|
+$357M |
| 5 |
Merck
MRK
|
+$311M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GE Aerospace
GE
|
+$420M |
| 2 |
SIVB
SVB Financial Group
SIVB
|
+$288M |
| 3 |
Philip Morris
PM
|
+$246M |
| 4 |
Canadian Pacific Kansas City
CP
|
+$228M |
| 5 |
Meta Platforms (Facebook)
META
|
+$208M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 26.14% |
| 2 | Healthcare | 13.96% |
| 3 | Financials | 12.57% |
| 4 | Consumer Discretionary | 10.55% |
| 5 | Industrials | 9.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ATCX
2501
DELISTED
Atlas Technical Consultants, Inc. Class A Common Stock
ATCX
| $6.6M | ﹤0.01% |
541,453
+59,591
| +12% | +$608K |
|
2502
Biomea Fusion
BMEA
$91.3M
| $6.58M | ﹤0.01% |
212,285
+49,998
| +31% | +$621K |
|
2503
Navitas Semiconductor
NVTS
$3.63B
| $6.57M | ﹤0.01% |
898,948
+39,943
| +5% | +$224K |
|
2504
Tiptree Inc
TIPT
$675M
| $6.56M | ﹤0.01% |
450,290
+14,745
| +3% | +$224K |
|
|
ITOS
2505
DELISTED
iTeos Therapeutics
ITOS
| $6.55M | ﹤0.01% |
481,239
+9,731
| +2% | +$174K |
|
2506
Dyne Therapeutics
DYN
$4.9B
| $6.55M | ﹤0.01% |
568,522
+21,967
| +4% | +$285K |
|
2507
Comtech Telecommunications
CMTL
$51.8M
| $6.54M | ﹤0.01% |
524,012
+35,787
| +7% | +$512K |
|
2508
Bank of Marin Bancorp
BMRC
$459M
| $6.53M | ﹤0.01% |
298,522
+14,518
| +5% | +$419K |
|
2509
Alta Equipment Group
ALTG
$244M
| $6.53M | ﹤0.01% |
412,141
+11,493
| +3% | +$193K |
|
2510
GCM Grosvenor
GCMG
$820M
| $6.53M | ﹤0.01% |
836,263
+37,949
| +5% | +$315K |
|
|
MOFG
2511
DELISTED
MidWestOne Financial Group
MOFG
| $6.52M | ﹤0.01% |
266,836
+4,483
| +2% | +$132K |
|
2512
Daily Journal
DJCO
$778M
| $6.5M | ﹤0.01% |
22,798
+2,691
| +13% | +$780K |
|
2513
Southern Missouri Bancorp
SMBC
$850M
| $6.49M | ﹤0.01% |
173,481
+21,192
| +14% | +$954K |
|
2514
OmniAb
OABI
$447M
| $6.48M | ﹤0.01% |
1,761,524
+3,387
| +0.2% | +$12.8K |
|
2515
Mid Penn Bancorp
MPB
$952M
| $6.48M | ﹤0.01% |
253,104
+5,532
| +2% | +$164K |
|
2516
Sportsman's Warehouse
SPWH
$46M
| $6.48M | ﹤0.01% |
764,273
+3,883
| +0.5% | +$35.4K |
|
|
AMPS
2517
DELISTED
Altus Power
AMPS
| $6.47M | ﹤0.01% |
1,180,427
+490,886
| +71% | +$3.44M |
|
2518
Liquidia Corp
LQDA
$8.02B
| $6.43M | ﹤0.01% |
930,875
+44,496
| +5% | +$304K |
|
2519
Bionano Genomics
BNGO
$13.3M
| $6.43M | ﹤0.01% |
9,657
+405
| +4% | +$360K |
|
2520
Gevo
GEVO
$382M
| $6.4M | ﹤0.01% |
4,154,223
+113,907
| +3% | +$216K |
|
2521
United States Lime & Minerals
USLM
$3.44B
| $6.39M | ﹤0.01% |
209,395
+7,665
| +4% | +$233K |
|
|
EBIX
2522
DELISTED
Ebix Inc
EBIX
| $6.39M | ﹤0.01% |
484,682
+14,856
| +3% | +$258K |
|
|
CTLP
2523
DELISTED
Cantaloupe
CTLP
| $6.37M | ﹤0.01% |
1,116,847
+44,650
| +4% | +$238K |
|
|
CIO
2524
DELISTED
City Office REIT
CIO
| $6.36M | ﹤0.01% |
922,078
+73,054
| +9% | +$617K |
|
2525
HighPeak Energy
HPK
$910M
| $6.35M | ﹤0.01% |
275,984
+5,051
| +2% | +$129K |
|
Similar funds
Geode Capital Management's Q1 2023 Portfolio in Review
As of Q1 2023, Geode Capital Management held 4,968 positions worth $770B, up 8.1% from $713B the previous quarter. Its ten largest holdings account for 23% of the portfolio.
Trading was light in Q1 2023: portfolio turnover was 4.6%. Geode Capital Management opened 69 new positions and exited 162, leaving the 4,968-position portfolio largely intact.
By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 23% a quarter earlier, followed by Healthcare and Financials.
- Geode Capital Management's largest Q1 2023 buy was GE HealthCare: 6,775,612 shares worth $554M.
- Geode Capital Management added most to Microsoft in Q1 2023, an estimated $417M increase.
- Geode Capital Management's biggest Q1 2023 reduction was GE Aerospace, cutting an estimated $420M.
- Geode Capital Management fully exited SVB Financial Group in Q1 2023, selling an estimated $288M.
- Geode Capital Management's ten largest holdings make up 23% of its $770B portfolio in Q1 2023.
- Geode Capital Management opened 69 new positions and closed 162 in Q1 2023.
- Geode Capital Management's portfolio value rose 8.1% quarter-over-quarter to $770B.
Based on Geode Capital Management's 13F filing for Q1 2023, filed 15 May 2023.