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 | |
|---|---|---|---|---|---|---|
2601
Dream Finders Homes
DFH
$1.33B
| $5.4M | ﹤0.01% |
407,295
+25,665
| +7% | +$303K |
|
2602
CarParts.com
PRTS
$54.3M
| $5.36M | ﹤0.01% |
100,453
+4,751
| +5% | +$301K |
|
2603
Ooma
OOMA
$605M
| $5.31M | ﹤0.01% |
424,579
+14,294
| +3% | +$191K |
|
2604
SelectQuote
SLQT
$122M
| $5.27M | ﹤0.01% |
2,428,318
+101,211
| +4% | +$163K |
|
|
SEI
2605
Solaris Energy Infrastructure
SEI
$3.6B
| $5.26M | ﹤0.01% |
616,030
+38,468
| +7% | +$371K |
|
|
ZYXI
2606
DELISTED
Zynex
ZYXI
| $5.25M | ﹤0.01% |
437,640
+8,524
| +2% | +$111K |
|
2607
Liberty Latin America Class A
LILA
$1.67B
| $5.25M | ﹤0.01% |
929,839
+51,759
| +6% | +$308K |
|
2608
NextDecade
NEXT
$1.84B
| $5.24M | ﹤0.01% |
1,054,526
+142,880
| +16% | +$830K |
|
2609
Ivanhoe Electric
IE
$1.74B
| $5.23M | ﹤0.01% |
430,317
+301,532
| +234% | +$4.04M |
|
2610
EverQuote
EVER
$914M
| $5.23M | ﹤0.01% |
376,125
+17,728
| +5% | +$265K |
|
2611
HBT Financial
HBT
$1.31B
| $5.2M | ﹤0.01% |
263,785
+67,026
| +34% | +$1.4M |
|
2612
Digimarc Corp
DMRC
$178M
| $5.2M | ﹤0.01% |
264,648
+9,394
| +4% | +$190K |
|
2613
ACNB Corp
ACNB
$655M
| $5.17M | ﹤0.01% |
158,978
+4,591
| +3% | +$167K |
|
2614
Edgewise Therapeutics
EWTX
$4.59B
| $5.17M | ﹤0.01% |
775,487
+53,342
| +7% | +$494K |
|
|
GPMT
2615
Granite Point Mortgage Trust
GPMT
$60.7M
| $5.15M | ﹤0.01% |
1,037,741
+29,184
| +3% | +$170K |
|
2616
Park Aerospace
PKE
$815M
| $5.14M | ﹤0.01% |
382,180
+24,891
| +7% | +$351K |
|
2617
Riley Exploration Permian
REPX
$758M
| $5.1M | ﹤0.01% |
134,102
+9,301
| +7% | +$300K |
|
2618
Greif Class B
GEF.B
$4.23B
| $5.1M | ﹤0.01% |
66,698
+2,841
| +4% | +$222K |
|
2619
monday.com
MNDY
$3.92B
| $5.1M | ﹤0.01% |
35,749
+498
| +1% | +$67.3K |
|
2620
Codexis
CDXS
$158M
| $5.1M | ﹤0.01% |
1,231,291
+41,350
| +3% | +$217K |
|
2621
CleanSpark
CLSK
$3.17B
| $5.08M | ﹤0.01% |
1,827,747
+564,962
| +45% | +$1.55M |
|
2622
Hippo Holdings
HIPO
$871M
| $5.05M | ﹤0.01% |
310,872
+17,085
| +6% | +$279K |
|
|
TDAY
2623
USA Today Co
TDAY
$1.11B
| $5.03M | ﹤0.01% |
2,691,838
+99,048
| +4% | +$232K |
|
|
TPC
2624
Tutor Perini Cor
TPC
$5.2B
| $5.01M | ﹤0.01% |
811,593
+50,302
| +7% | +$405K |
|
2625
Esquire Financial Holdings
ESQ
$1.13B
| $5.01M | ﹤0.01% |
128,011
+5,040
| +4% | +$212K |
|
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.