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 | |
|---|---|---|---|---|---|---|
|
SRDX
2551
DELISTED
Surmodics
SRDX
| $6.03M | ﹤0.01% |
264,841
+13,417
| +5% | +$346K |
|
2552
Evolus
EOLS
$501M
| $6.03M | ﹤0.01% |
712,876
+18,898
| +3% | +$171K |
|
|
NVTA
2553
DELISTED
Invitae Corporation
NVTA
| $6.03M | ﹤0.01% |
4,463,093
+192,077
| +4% | +$378K |
|
2554
Peoples Financial Services
PFIS
$707M
| $6.02M | ﹤0.01% |
138,971
+13,814
| +11% | +$679K |
|
|
DNMR
2555
DELISTED
Danimer Scientific, Inc.
DNMR
| $6.02M | ﹤0.01% |
43,616
+3,494
| +9% | +$319K |
|
2556
Destination XL Group
DXLG
$35.4M
| $5.98M | ﹤0.01% |
1,085,432
+39,598
| +4% | +$251K |
|
2557
Phibro Animal Health
PAHC
$1.39B
| $5.96M | ﹤0.01% |
389,031
+989
| +0.3% | +$15.1K |
|
2558
LendingTree
TREE
$451M
| $5.95M | ﹤0.01% |
223,331
+5,095
| +2% | +$167K |
|
2559
Forestar Group
FOR
$1.51B
| $5.95M | ﹤0.01% |
382,229
+11,295
| +3% | +$169K |
|
2560
Vitesse Energy
VTS
$665M
| $5.94M | ﹤0.01% |
+311,997
| New | +$5.38M |
|
2561
Ardmore Shipping
ASC
$683M
| $5.92M | ﹤0.01% |
398,176
+28,913
| +8% | +$454K |
|
|
AMRS
2562
DELISTED
Amyris Inc.
AMRS
| $5.92M | ﹤0.01% |
4,350,776
+280,187
| +7% | +$400K |
|
2563
PLAYSTUDIOS Inc
MYPS
$90.1M
| $5.89M | ﹤0.01% |
1,595,691
+99,499
| +7% | +$403K |
|
2564
Turning Point Brands
TPB
$1.74B
| $5.88M | ﹤0.01% |
280,116
+3,714
| +1% | +$81.7K |
|
2565
TETRA Technologies
TTI
$1.26B
| $5.87M | ﹤0.01% |
2,213,726
+104,230
| +5% | +$363K |
|
2566
Seneca Foods Class A
SENEA
$1.21B
| $5.84M | ﹤0.01% |
111,741
+2,193
| +2% | +$126K |
|
2567
Clover Health Investments
CLOV
$2.51B
| $5.84M | ﹤0.01% |
6,905,301
+287,443
| +4% | +$315K |
|
2568
SmartRent
SMRT
$272M
| $5.83M | ﹤0.01% |
2,284,457
+111,598
| +5% | +$299K |
|
2569
Sana Biotechnology
SANA
$980M
| $5.82M | ﹤0.01% |
1,780,965
-27,399
| -2% | -$109K |
|
2570
MetroCity Bankshares
MCBS
$1.03B
| $5.79M | ﹤0.01% |
338,888
+2,778
| +0.8% | +$54.2K |
|
|
PETQ
2571
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
| $5.78M | ﹤0.01% |
505,503
+12,762
| +3% | +$142K |
|
|
EBTC
2572
DELISTED
Enterprise Bancorp
EBTC
| $5.78M | ﹤0.01% |
183,616
+6,174
| +3% | +$213K |
|
|
EGRX
2573
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $5.76M | ﹤0.01% |
203,153
+2,848
| +1% | +$84.5K |
|
|
STER
2574
DELISTED
Sterling Check Corp. Common Stock
STER
| $5.76M | ﹤0.01% |
516,263
+14,315
| +3% | +$188K |
|
|
AAN
2575
DELISTED
The Aaron's Company Inc
AAN
| $5.75M | ﹤0.01% |
595,538
+35,105
| +6% | +$451K |
|
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.