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 | |
|---|---|---|---|---|---|---|
|
BINI
2801
DELISTED
Bollinger Innovations
BINI
| – | – |
0
| – | – |
|
2802
Concrete Pumping Holdings
BBCP
$486M
| $3.39M | ﹤0.01% |
498,506
+11,755
| +2% | +$85.5K |
|
|
SEMR
2803
DELISTED
Semrush
SEMR
| $3.38M | ﹤0.01% |
335,942
+8,759
| +3% | +$77.2K |
|
2804
InnovAge Holding
INNV
$1.48B
| $3.38M | ﹤0.01% |
422,968
+16,041
| +4% | +$116K |
|
2805
Dakota Gold
DC
$723M
| $3.36M | ﹤0.01% |
929,356
+26,309
| +3% | +$87K |
|
|
ALLK
2806
DELISTED
Allakos
ALLK
| $3.36M | ﹤0.01% |
755,582
+27,270
| +4% | +$174K |
|
2807
Stantec
STN
$8.38B
| $3.36M | ﹤0.01% |
56,928
-8,110
| -12% | -$439K |
|
|
FIRY
2808
Firy Inc
FIRY
$151M
| $3.36M | ﹤0.01% |
282,867
+5,143
| +2% | +$68.2K |
|
|
RSVR
2809
Reservoir Media
RSVR
$684M
| $3.33M | ﹤0.01% |
510,870
+30,330
| +6% | +$201K |
|
2810
Seer Inc
SEER
$121M
| $3.33M | ﹤0.01% |
862,370
+21,346
| +3% | +$98.2K |
|
2811
Rush Street Interactive
RSI
$2.96B
| $3.32M | ﹤0.01% |
1,068,955
+16,686
| +2% | +$64.1K |
|
|
YMAB
2812
DELISTED
Y-mAbs Therapeutics
YMAB
| $3.32M | ﹤0.01% |
662,645
+31,351
| +5% | +$128K |
|
2813
Purple Innovation
PRPL
$39.3M
| $3.3M | ﹤0.01% |
50,041
+11,073
| +28% | +$1.24M |
|
2814
PCB Bancorp
PCB
$394M
| $3.28M | ﹤0.01% |
226,189
+3,748
| +2% | +$64.7K |
|
2815
Blend Labs
BLND
$494M
| $3.26M | ﹤0.01% |
3,269,887
+147,427
| +5% | +$226K |
|
2816
Humacyte
HUMA
$192M
| $3.26M | ﹤0.01% |
1,053,933
+178,742
| +20% | +$508K |
|
2817
ThredUp
TDUP
$409M
| $3.26M | ﹤0.01% |
1,286,709
+206,367
| +19% | +$385K |
|
2818
eGain
EGAN
$200M
| $3.25M | ﹤0.01% |
428,164
+21,191
| +5% | +$182K |
|
2819
Village Super Market
VLGEA
$634M
| $3.24M | ﹤0.01% |
141,697
+11,268
| +9% | +$258K |
|
2820
Tilly's
TLYS
$120M
| $3.24M | ﹤0.01% |
420,302
+9,309
| +2% | +$77.8K |
|
|
KZR
2821
DELISTED
Kezar Life Sciences
KZR
| $3.24M | ﹤0.01% |
103,496
+5,807
| +6% | +$336K |
|
|
SRG
2822
Seritage Growth Properties
SRG
$136M
| $3.23M | ﹤0.01% |
410,427
+2,913
| +0.7% | +$32.3K |
|
2823
Parke Bancorp
PKBK
$398M
| $3.23M | ﹤0.01% |
181,489
+14,332
| +9% | +$285K |
|
|
NGM
2824
DELISTED
NGM Biopharmaceuticals, Inc. Common Stock
NGM
| $3.23M | ﹤0.01% |
790,837
+42,113
| +6% | +$195K |
|
2825
Organogenesis Holdings
ORGO
$306M
| $3.22M | ﹤0.01% |
1,512,735
+46,040
| +3% | +$114K |
|
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.