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 | |
|---|---|---|---|---|---|---|
|
BCOV
2776
DELISTED
Brightcove, Inc.
BCOV
| $3.62M | ﹤0.01% |
812,986
+23,623
| +3% | +$132K |
|
|
TERN
2777
DELISTED
Terns Pharmaceuticals
TERN
| $3.61M | ﹤0.01% |
304,716
+127,068
| +72% | +$1.21M |
|
|
HLTH
2778
DELISTED
Cue Health Inc. Common Stock
HLTH
| $3.6M | ﹤0.01% |
1,975,889
+55,927
| +3% | +$122K |
|
2779
Future Fuel
FF
$232M
| $3.6M | ﹤0.01% |
487,255
+16,340
| +3% | +$140K |
|
|
CMAX
2780
DELISTED
CareMax, Inc. Class A Common Stock
CMAX
| $3.58M | ﹤0.01% |
44,700
+4,602
| +11% | +$538K |
|
|
APEN
2781
DELISTED
Apollo Endosurgery, Inc.
APEN
| $3.58M | ﹤0.01% |
360,480
-11,849
| -3% | -$117K |
|
|
NXDT
2782
NexPoint Diversified Real Estate Trust
NXDT
$242M
| $3.56M | ﹤0.01% |
342,517
+17,128
| +5% | +$203K |
|
2783
ImmunityBio
IBRX
$7.76B
| $3.54M | ﹤0.01% |
1,945,864
-84,628
| -4% | -$263K |
|
2784
Outdoor Holding Co
POWW
$252M
| $3.54M | ﹤0.01% |
1,796,828
+91,637
| +5% | +$189K |
|
|
ARIS
2785
DELISTED
Aris Water Solutions
ARIS
| $3.52M | ﹤0.01% |
452,182
+22,403
| +5% | +$289K |
|
2786
Red Violet
RDVT
$918M
| $3.52M | ﹤0.01% |
199,781
+4,601
| +2% | +$98.7K |
|
2787
Expensify
EXFY
$189M
| $3.51M | ﹤0.01% |
431,250
| – | – |
|
2788
Citizens Financial Services
CZFS
$393M
| $3.51M | ﹤0.01% |
+43,310
| New | +$3.38M |
|
2789
Veritone
VERI
$114M
| $3.51M | ﹤0.01% |
602,273
+24,989
| +4% | +$172K |
|
2790
Tango Therapeutics
TNGX
$4.71B
| $3.5M | ﹤0.01% |
886,871
+34,503
| +4% | +$200K |
|
2791
Pure Cycle
PCYO
$256M
| $3.5M | ﹤0.01% |
370,474
+11,757
| +3% | +$108K |
|
2792
Avita Medical
RCEL
$148M
| $3.49M | ﹤0.01% |
250,059
-2,697
| -1% | -$28.7K |
|
2793
Adicet Bio
ACET
$75.2M
| $3.49M | ﹤0.01% |
37,887
+1,002
| +3% | +$126K |
|
|
SRTA
2794
Strata Critical Medical Inc
SRTA
$498M
| $3.49M | ﹤0.01% |
1,032,544
+42,171
| +4% | +$172K |
|
2795
5E Advanced Materials
FEAM
$64.8M
| $3.48M | ﹤0.01% |
27,876
+1,231
| +5% | +$230K |
|
2796
Sigma Lithium
SGML
$1.21B
| $3.47M | ﹤0.01% |
92,240
+792
| +0.9% | +$25.4K |
|
2797
Information Services Group
III
$233M
| $3.46M | ﹤0.01% |
679,116
+38,293
| +6% | +$197K |
|
2798
Tower Semiconductor
TSEM
$25.8B
| $3.45M | ﹤0.01% |
81,316
+2,596
| +3% | +$108K |
|
2799
Ring Energy
REI
$322M
| $3.44M | ﹤0.01% |
1,811,198
+156,277
| +9% | +$337K |
|
|
BGFV
2800
DELISTED
Big 5 Sporting Goods
BGFV
| $3.41M | ﹤0.01% |
443,848
+32,959
| +8% | +$298K |
|
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.