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 | |
|---|---|---|---|---|---|---|
251
Enphase Energy
ENPH
$4.94B
| $608M | 0.08% |
2,897,279
+51,092
| +2% | +$11.1M |
|
252
Republic Services
RSG
$65B
| $603M | 0.08% |
4,472,223
+46,736
| +1% | +$5.96M |
|
253
lululemon athletica
LULU
$13.6B
| $603M | 0.08% |
1,659,260
+51,572
| +3% | +$16.2M |
|
254
Ulta Beauty
ULTA
$22.2B
| $599M | 0.08% |
1,100,246
+19,467
| +2% | +$9.99M |
|
255
Keysight
KEYS
$53.4B
| $593M | 0.08% |
3,681,799
+66,008
| +2% | +$11.2M |
|
256
Digital Realty Trust
DLR
$71.5B
| $592M | 0.08% |
6,032,301
+24,736
| +0.4% | +$2.61M |
|
257
Cognizant
CTSH
$24.3B
| $590M | 0.08% |
9,710,353
+93,518
| +1% | +$5.86M |
|
258
Halliburton
HAL
$26.4B
| $590M | 0.08% |
18,691,333
+271,718
| +1% | +$10.1M |
|
259
Eversource Energy
ES
$27.8B
| $589M | 0.08% |
7,548,700
+124,871
| +2% | +$9.86M |
|
260
Oneok
OKE
$56.1B
| $586M | 0.08% |
9,249,982
-348,291
| -4% | -$23.1M |
|
261
American Water Works
AWK
$27.2B
| $586M | 0.08% |
4,007,338
+297,378
| +8% | +$44M |
|
262
Tractor Supply
TSCO
$15.8B
| $586M | 0.08% |
12,481,735
+691,290
| +6% | +$31.5M |
|
263
Kraft Heinz
KHC
$31.3B
| $581M | 0.08% |
15,062,665
+161,170
| +1% | +$6.38M |
|
264
Fidelity National Information Services
FIS
$23.8B
| $573M | 0.07% |
10,572,297
+107,041
| +1% | +$6.97M |
|
265
Keurig Dr Pepper
KDP
$43B
| $572M | 0.07% |
16,264,381
+264,167
| +2% | +$9.28M |
|
266
Global Payments
GPN
$23.8B
| $572M | 0.07% |
5,445,521
-69,912
| -1% | -$7.58M |
|
267
United Rentals
URI
$66.5B
| $569M | 0.07% |
1,441,997
+39,917
| +3% | +$16.8M |
|
268
HP
HPQ
$24.6B
| $568M | 0.07% |
19,387,223
+421,075
| +2% | +$12.1M |
|
269
Lennar Class A
LEN
$20.2B
| $562M | 0.07% |
5,533,442
+143,370
| +3% | +$13.8M |
|
270
CDW
CDW
$18.6B
| $560M | 0.07% |
2,881,054
+63,457
| +2% | +$12.5M |
|
271
State Street
STT
$50.2B
| $559M | 0.07% |
7,401,010
-116,445
| -2% | -$9.81M |
|
272
Corning
GLW
$116B
| $558M | 0.07% |
15,838,529
+336,351
| +2% | +$11.7M |
|
273
Edison International
EIX
$30.3B
| $558M | 0.07% |
7,916,612
-197,039
| -2% | -$13.3M |
|
274
Willis Towers Watson
WTW
$31.7B
| $557M | 0.07% |
2,403,014
+11,773
| +0.5% | +$2.85M |
|
275
Zimmer Biomet
ZBH
$18.4B
| $556M | 0.07% |
4,315,167
+96,028
| +2% | +$12.1M |
|
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.