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 |
NVIDIA
NVDA
|
+$1.81B |
| 2 |
Microsoft
MSFT
|
+$1.34B |
| 3 |
Apple
AAPL
|
+$1.25B |
| 4 |
Amazon
AMZN
|
+$1.17B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$480M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$373M |
| 2 |
Amgen
AMGN
|
+$204M |
| 3 |
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
|
+$180M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$160M |
| 5 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.47% |
| 2 | Financials | 12.91% |
| 3 | Healthcare | 12.22% |
| 4 | Consumer Discretionary | 10.6% |
| 5 | Industrials | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
APLT
2801
DELISTED
Applied Therapeutics
APLT
| $4.11M | ﹤0.01% |
604,428
+26,757
| +5% | +$120K |
|
|
OLPX
2802
DELISTED
Olaplex Holdings
OLPX
| $4.11M | ﹤0.01% |
2,140,650
+79,425
| +4% | +$166K |
|
2803
Compass Therapeutics
CMPX
$387M
| $4.11M | ﹤0.01% |
2,075,335
+83,307
| +4% | +$144K |
|
2804
Radiant Logistics
RLGT
$395M
| $4.11M | ﹤0.01% |
757,795
+3,493
| +0.5% | +$20.7K |
|
2805
X4 Pharmaceuticals
XFOR
$460M
| $4.09M | ﹤0.01% |
98,181
+4,766
| +5% | +$133K |
|
|
XOMA
2806
DELISTED
Xoma
XOMA
| $4.09M | ﹤0.01% |
170,049
+9,113
| +6% | +$204K |
|
2807
Mistras Group
MG
$512M
| $4.09M | ﹤0.01% |
427,456
+24,455
| +6% | +$204K |
|
2808
Tucows
TCX
$175M
| $4.07M | ﹤0.01% |
219,509
+4,536
| +2% | +$95K |
|
2809
Choiceone Financial
COFS
$510M
| $4.07M | ﹤0.01% |
148,733
+4,586
| +3% | +$123K |
|
2810
Karat Packaging
KRT
$940M
| $4.07M | ﹤0.01% |
142,147
+2,089
| +1% | +$55K |
|
2811
FVCBankcorp
FVCB
$333M
| $4.05M | ﹤0.01% |
332,424
+1,726
| +0.5% | +$21.5K |
|
2812
PCB Bancorp
PCB
$391M
| $4.03M | ﹤0.01% |
246,947
+10,850
| +5% | +$180K |
|
2813
Unity Bancorp
UNTY
$599M
| $4.03M | ﹤0.01% |
145,867
+4,475
| +3% | +$125K |
|
2814
ArriVent BioPharma
AVBP
$1.44B
| $4.02M | ﹤0.01% |
+225,049
| New | +$4.54M |
|
|
MACK
2815
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $4.02M | ﹤0.01% |
272,015
+12,069
| +5% | +$170K |
|
2816
Vermilion Energy
VET
$1.66B
| $4.01M | ﹤0.01% |
256,990
+78,273
| +44% | +$877K |
|
2817
LCNB Corp
LCNB
$283M
| $4.01M | ﹤0.01% |
251,520
+34,277
| +16% | +$507K |
|
2818
Shattuck Labs
STTK
$694M
| $4M | ﹤0.01% |
447,738
+77,321
| +21% | +$708K |
|
|
TRML
2819
DELISTED
Tourmaline Bio
TRML
| $3.98M | ﹤0.01% |
173,877
+57,848
| +50% | +$2.04M |
|
|
AOMR
2820
Angel Oak Mortgage REIT
AOMR
$209M
| $3.98M | ﹤0.01% |
370,706
+24,216
| +7% | +$256K |
|
|
ME
2821
DELISTED
23andMe Holding Co
ME
| $3.98M | ﹤0.01% |
374,169
+21,236
| +6% | +$273K |
|
2822
908 Devices
MASS
$364M
| $3.98M | ﹤0.01% |
527,261
+8,672
| +2% | +$64.3K |
|
|
TARO
2823
DELISTED
Taro Pharmaceutical Industries Ltd.
TARO
| $3.98M | ﹤0.01% |
93,934
+1,121
| +1% | +$47.2K |
|
|
MBCN
2824
DELISTED
Middlefield Banc Corp
MBCN
| $3.95M | ﹤0.01% |
165,582
+5,331
| +3% | +$140K |
|
2825
Cibus
CBUS
$138M
| $3.94M | ﹤0.01% |
175,533
+15,045
| +9% | +$277K |
|
Similar funds
Geode Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Geode Capital Management held 4,738 positions worth $1.08T, up 13% from $956B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Geode Capital Management deployed $32.6B of net new capital in Q1 2024, opening 85 new positions and adding to 3,720 existing holdings. Its largest new stake was Solventum: 2,733,775 shares worth $0.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Amgen, an estimated $204M trimmed.
- Geode Capital Management's largest Q1 2024 buy was Solventum: 2,733,775 shares worth $0.
- Geode Capital Management added most to NVIDIA in Q1 2024, an estimated $1.81B increase.
- Geode Capital Management's biggest Q1 2024 reduction was Amgen, cutting an estimated $204M.
- Geode Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $373M.
- Geode Capital Management's ten largest holdings make up 28% of its $1.08T portfolio in Q1 2024.
- Geode Capital Management opened 85 new positions and closed 123 in Q1 2024.
- Geode Capital Management's portfolio value rose 13% quarter-over-quarter to $1.08T.
Based on Geode Capital Management's 13F filing for Q1 2024, filed 13 May 2024.