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 | |
|---|---|---|---|---|---|---|
2651
Costamare
CMRE
$1.77B
| $4.72M | ﹤0.01% |
502,049
+31,850
| +7% | +$314K |
|
2652
XP
XP
$8.47B
| $4.72M | ﹤0.01% |
397,408
+957
| +0.2% | +$13.6K |
|
2653
Five Star Bancorp
FSBC
$1.12B
| $4.71M | ﹤0.01% |
220,844
+4,316
| +2% | +$112K |
|
2654
NVE Corp
NVEC
$619M
| $4.7M | ﹤0.01% |
56,653
-368
| -0.6% | -$27.5K |
|
2655
Skyward Specialty Insurance
SKWD
$2.61B
| $4.69M | ﹤0.01% |
+214,574
| New | +$4.17M |
|
2656
NuScale Power
SMR
$4.07B
| $4.68M | ﹤0.01% |
514,439
+77,710
| +18% | +$780K |
|
2657
Donegal Group Class A
DGICA
$719M
| $4.67M | ﹤0.01% |
305,688
+7,987
| +3% | +$120K |
|
2658
Paysafe
PSFE
$379M
| $4.65M | ﹤0.01% |
269,143
+13,013
| +5% | +$253K |
|
2659
Ternium
TX
$10.6B
| $4.65M | ﹤0.01% |
+112,717
| New | +$4.43M |
|
2660
Universal Logistics Holdings
ULH
$498M
| $4.65M | ﹤0.01% |
159,440
+8,483
| +6% | +$275K |
|
2661
Home Bancorp
HBCP
$566M
| $4.64M | ﹤0.01% |
140,341
+2,270
| +2% | +$85.7K |
|
2662
The Joint Corp
JYNT
$114M
| $4.61M | ﹤0.01% |
273,881
+11,811
| +5% | +$195K |
|
2663
Greenlight Captial
GLRE
$508M
| $4.6M | ﹤0.01% |
490,211
+18,023
| +4% | +$170K |
|
2664
First Watch Restaurant Group
FWRG
$765M
| $4.6M | ﹤0.01% |
286,426
-798
| -0.3% | -$12.5K |
|
2665
Tyra Biosciences
TYRA
$1.59B
| $4.6M | ﹤0.01% |
286,104
+32,412
| +13% | +$386K |
|
|
BLFY
2666
DELISTED
Blue Foundry Bancorp
BLFY
| $4.59M | ﹤0.01% |
482,043
+19,894
| +4% | +$228K |
|
2667
Erasca
ERAS
$6.25B
| $4.59M | ﹤0.01% |
1,524,030
+298,009
| +24% | +$1.08M |
|
|
BHR
2668
Braemar Hotels & Resorts
BHR
$141M
| $4.58M | ﹤0.01% |
1,187,217
+13,801
| +1% | +$64.4K |
|
2669
South Plains Financial
SPFI
$843M
| $4.58M | ﹤0.01% |
213,913
+6,437
| +3% | +$168K |
|
2670
Tredegar Corp
TG
$304M
| $4.58M | ﹤0.01% |
501,457
+26,061
| +5% | +$289K |
|
|
BRT
2671
BRT Apartments
BRT
$273M
| $4.56M | ﹤0.01% |
231,433
+3,582
| +2% | +$72.8K |
|
2672
First Bancorp
FNLC
$395M
| $4.56M | ﹤0.01% |
176,122
+5,771
| +3% | +$166K |
|
2673
Amplify Energy
AMPY
$170M
| $4.56M | ﹤0.01% |
663,376
+17,999
| +3% | +$148K |
|
|
SGMO
2674
DELISTED
SANGAMO THERAPEUTICS INC
SGMO
| $4.56M | ﹤0.01% |
2,589,331
+94,460
| +4% | +$270K |
|
2675
Full House Resorts
FLL
$86.3M
| $4.54M | ﹤0.01% |
628,490
+22,130
| +4% | +$190K |
|
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.