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 | |
|---|---|---|---|---|---|---|
2576
Build-A-Bear
BBW
$462M
| $5.75M | ﹤0.01% |
247,521
+756
| +0.3% | +$17.6K |
|
2577
Zumiez
ZUMZ
$339M
| $5.72M | ﹤0.01% |
310,166
+14,016
| +5% | +$322K |
|
|
QUOT
2578
DELISTED
Quotient Technology Inc
QUOT
| $5.69M | ﹤0.01% |
1,734,784
+66,288
| +4% | +$235K |
|
2579
Caribou Biosciences
CRBU
$164M
| $5.68M | ﹤0.01% |
1,069,624
+38,637
| +4% | +$241K |
|
2580
Harrow
HROW
$1.51B
| $5.66M | ﹤0.01% |
267,535
+23,456
| +10% | +$400K |
|
2581
Inspired Entertainment
INSE
$175M
| $5.65M | ﹤0.01% |
441,859
+17,328
| +4% | +$250K |
|
2582
Farmers & Merchants Bancorp
FMAO
$481M
| $5.65M | ﹤0.01% |
232,307
+11,128
| +5% | +$292K |
|
2583
Oppenheimer Holdings
OPY
$1.2B
| $5.64M | ﹤0.01% |
143,976
+3,423
| +2% | +$150K |
|
2584
Financial Institutions
FISI
$821M
| $5.62M | ﹤0.01% |
291,729
+10,305
| +4% | +$241K |
|
2585
Inogen
INGN
$164M
| $5.62M | ﹤0.01% |
450,589
+23,571
| +6% | +$451K |
|
2586
Ribbon Communications
RBBN
$383M
| $5.6M | ﹤0.01% |
1,637,019
+60,812
| +4% | +$222K |
|
|
PSTL
2587
Postal Realty Trust
PSTL
$699M
| $5.58M | ﹤0.01% |
366,643
+8,515
| +2% | +$128K |
|
2588
iRadimed
IRMD
$1.18B
| $5.56M | ﹤0.01% |
141,307
+7,396
| +6% | +$269K |
|
|
CSTR
2589
DELISTED
CapStar Financial Holdings, Inc
CSTR
| $5.56M | ﹤0.01% |
366,933
+12,803
| +4% | +$214K |
|
2590
Atara Biotherapeutics
ATRA
$76.1M
| $5.55M | ﹤0.01% |
76,583
+2,838
| +4% | +$275K |
|
2591
Ascendis Pharma A/S
ASND
$16.8B
| $5.55M | ﹤0.01% |
51,733
+541
| +1% | +$61.9K |
|
2592
Aurora
AUR
$13.8B
| $5.54M | ﹤0.01% |
3,986,044
-411,134
| -9% | -$608K |
|
|
SBOW
2593
DELISTED
SilverBow Resources, Inc.
SBOW
| $5.54M | ﹤0.01% |
242,276
+16,480
| +7% | +$407K |
|
|
FLIC
2594
DELISTED
First of Long Island Corp
FLIC
| $5.53M | ﹤0.01% |
409,984
+9,788
| +2% | +$164K |
|
2595
West Bancorporation
WTBA
$485M
| $5.51M | ﹤0.01% |
301,363
+5,705
| +2% | +$121K |
|
2596
Cullinan Oncology
CGEM
$1.14B
| $5.5M | ﹤0.01% |
537,823
-19,285
| -3% | -$213K |
|
2597
Intrepid Potash
IPI
$469M
| $5.49M | ﹤0.01% |
198,753
+8,377
| +4% | +$255K |
|
|
VRN
2598
DELISTED
Veren
VRN
| $5.47M | ﹤0.01% |
627,322
+309,980
| +98% | +$2.15M |
|
2599
Clarus
CLAR
$143M
| $5.43M | ﹤0.01% |
575,029
+15,508
| +3% | +$146K |
|
2600
Kura Sushi USA
KRUS
$593M
| $5.43M | ﹤0.01% |
82,461
+4,487
| +6% | +$270K |
|
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.