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 | |
|---|---|---|---|---|---|---|
|
ALPN
2701
DELISTED
Alpine Immune Sciences Inc
ALPN
| $4.29M | ﹤0.01% |
556,207
+70,457
| +15% | +$561K |
|
2702
Janux Therapeutics
JANX
$979M
| $4.29M | ﹤0.01% |
354,585
+14,788
| +4% | +$246K |
|
2703
Southern First Bancshares
SFST
$602M
| $4.29M | ﹤0.01% |
139,686
+5,771
| +4% | +$227K |
|
|
BELFB
2704
Bel Fuse Inc Class B
BELFB
$4.23B
| $4.29M | ﹤0.01% |
114,097
+2,675
| +2% | +$96.3K |
|
2705
First Business Financial Services
FBIZ
$598M
| $4.28M | ﹤0.01% |
140,316
+3,193
| +2% | +$109K |
|
2706
Northeast Bank
NBN
$1.14B
| $4.28M | ﹤0.01% |
127,182
+3,248
| +3% | +$137K |
|
2707
BrightView Holdings
BV
$1.04B
| $4.27M | ﹤0.01% |
759,402
+5,306
| +0.7% | +$35.8K |
|
2708
Aura Biosciences
AURA
$779M
| $4.25M | ﹤0.01% |
457,908
+157,435
| +52% | +$1.64M |
|
2709
Teekay
TK
$990M
| $4.25M | ﹤0.01% |
687,223
+36,046
| +6% | +$193K |
|
2710
Inovio Pharmaceuticals
INO
$69.4M
| $4.24M | ﹤0.01% |
431,398
+23,888
| +6% | +$407K |
|
2711
Ouster
OUST
$3.05B
| $4.24M | ﹤0.01% |
507,106
+291,003
| +135% | +$3.38M |
|
2712
Methanex
MEOH
$4.21B
| $4.24M | ﹤0.01% |
91,090
+422
| +0.5% | +$19.8K |
|
|
GNTY
2713
DELISTED
Guaranty Bancshares
GNTY
| $4.22M | ﹤0.01% |
151,589
-1,288
| -0.8% | -$40.7K |
|
2714
Global E Online
GLBE
$6.88B
| $4.21M | ﹤0.01% |
130,530
+222
| +0.2% | +$6.08K |
|
2715
Bridgewater Bancshares
BWB
$591M
| $4.2M | ﹤0.01% |
387,574
+10,334
| +3% | +$152K |
|
2716
Vivid Seats
SEAT
$88.4M
| $4.19M | ﹤0.01% |
27,487
+1,964
| +8% | +$307K |
|
2717
Sight Sciences
SGHT
$377M
| $4.19M | ﹤0.01% |
479,798
+12,524
| +3% | +$139K |
|
2718
Lexicon Pharmaceuticals
LXRX
$1.07B
| $4.19M | ﹤0.01% |
1,725,409
+117,468
| +7% | +$269K |
|
2719
MVB Financial
MVBF
$394M
| $4.15M | ﹤0.01% |
201,066
+12,489
| +7% | +$290K |
|
2720
Mercer International
MERC
$44.2M
| $4.14M | ﹤0.01% |
423,738
+6,642
| +2% | +$74.9K |
|
2721
Xeris Biopharma Holdings
XERS
$1.24B
| $4.13M | ﹤0.01% |
2,530,705
+97,994
| +4% | +$123K |
|
2722
RBB Bancorp
RBB
$458M
| $4.12M | ﹤0.01% |
265,847
+10,812
| +4% | +$207K |
|
|
GOEV
2723
DELISTED
Canoo Inc. Class A Common Stock
GOEV
| $4.11M | ﹤0.01% |
13,691
+5,009
| +58% | +$2.12M |
|
2724
Regional Management Corp
RM
$305M
| $4.09M | ﹤0.01% |
156,618
+4,763
| +3% | +$147K |
|
2725
Ranpak Holdings
PACK
$469M
| $4.08M | ﹤0.01% |
781,179
+22,252
| +3% | +$141K |
|
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.