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 | |
|---|---|---|---|---|---|---|
|
CMBM
2726
DELISTED
Cambium Networks
CMBM
| $4.07M | ﹤0.01% |
229,831
+9,324
| +4% | +$190K |
|
2727
Melco Resorts & Entertainment
MLCO
$2.15B
| $4.07M | ﹤0.01% |
319,451
+1,273
| +0.4% | +$16.4K |
|
2728
Cricut
CRCT
$1.28B
| $4.06M | ﹤0.01% |
398,002
+9,019
| +2% | +$87.1K |
|
2729
Stoke Therapeutics
STOK
$2.05B
| $4.05M | ﹤0.01% |
486,680
+12,456
| +3% | +$112K |
|
|
HRT
2730
DELISTED
HireRight Holdings Corporation
HRT
| $4.04M | ﹤0.01% |
381,045
+20,395
| +6% | +$230K |
|
2731
GrowGeneration
GRWG
$88.3M
| $4.03M | ﹤0.01% |
1,179,431
+58,462
| +5% | +$250K |
|
2732
Legacy Housing
LEGH
$698M
| $4.02M | ﹤0.01% |
176,840
+10,928
| +7% | +$221K |
|
2733
Ramaco Resources Class A
METC
$636M
| $4.02M | ﹤0.01% |
472,164
+29,291
| +7% | +$274K |
|
|
TSP
2734
DELISTED
TuSimple Holdings Inc. Class A Common Stock
TSP
| $4.02M | ﹤0.01% |
2,733,191
-103,934
| -4% | -$197K |
|
|
GBIO
2735
DELISTED
Generation Bio
GBIO
| $4.02M | ﹤0.01% |
93,376
+6,526
| +8% | +$316K |
|
2736
Ocugen
OCGN
$414M
| $3.98M | ﹤0.01% |
4,661,333
+517,806
| +12% | +$565K |
|
2737
Nuvation Bio
NUVB
$2.14B
| $3.96M | ﹤0.01% |
2,388,275
+69,241
| +3% | +$140K |
|
2738
BCB Bancorp
BCBP
$160M
| $3.96M | ﹤0.01% |
301,655
+11,663
| +4% | +$193K |
|
2739
Freedom Holding
FRHC
$9.47B
| $3.96M | ﹤0.01% |
55,101
+484
| +0.9% | +$32.8K |
|
2740
Red River Bancshares
RRBI
$661M
| $3.96M | ﹤0.01% |
82,216
+1,429
| +2% | +$70.7K |
|
2741
Ceco Environmental
CECO
$4.03B
| $3.93M | ﹤0.01% |
281,200
+4,881
| +2% | +$69K |
|
|
PAMT
2742
PAMT Corp
PAMT
$312M
| $3.93M | ﹤0.01% |
137,403
+3,387
| +3% | +$95.5K |
|
2743
PagSeguro Digital
PAGS
$2.59B
| $3.92M | ﹤0.01% |
457,157
+2,685
| +0.6% | +$24K |
|
2744
KRONOS Worldwide
KRO
$954M
| $3.92M | ﹤0.01% |
425,322
+9,781
| +2% | +$103K |
|
|
ITIC
2745
Investors Title Co
ITIC
$552M
| $3.91M | ﹤0.01% |
25,904
+1,064
| +4% | +$164K |
|
|
ENFN
2746
DELISTED
Enfusion, Inc.
ENFN
| $3.9M | ﹤0.01% |
371,834
+23,104
| +7% | +$255K |
|
2747
BayCom
BCML
$334M
| $3.9M | ﹤0.01% |
228,250
+2,703
| +1% | +$51.8K |
|
2748
InMode
INMD
$868M
| $3.9M | ﹤0.01% |
121,897
+29
| +0% | +$993 |
|
2749
Orrstown Financial Services
ORRF
$843M
| $3.88M | ﹤0.01% |
195,614
+3,576
| +2% | +$81.2K |
|
2750
Kodiak Sciences
KOD
$2.8B
| $3.88M | ﹤0.01% |
626,384
+15,257
| +2% | +$107K |
|
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.