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 | |
|---|---|---|---|---|---|---|
|
FSP
2826
Franklin Street Properties
FSP
$48.3M
| $3.2M | ﹤0.01% |
2,040,317
-22,820
| -1% | -$57.3K |
|
2827
Phathom Pharmaceuticals
PHAT
$693M
| $3.2M | ﹤0.01% |
448,611
+13,567
| +3% | +$119K |
|
|
BHIL
2828
DELISTED
Benson Hill, Inc.
BHIL
| $3.2M | ﹤0.01% |
79,459
+3,176
| +4% | +$237K |
|
2829
McEwen Inc
MUX
$1.13B
| $3.18M | ﹤0.01% |
375,923
+31,768
| +9% | +$220K |
|
2830
PMV Pharmaceuticals
PMVP
$61.9M
| $3.18M | ﹤0.01% |
666,111
+15,936
| +2% | +$112K |
|
2831
AXT Inc
AXTI
$4.59B
| $3.18M | ﹤0.01% |
797,960
+42,019
| +6% | +$204K |
|
2832
Silvercrest Asset Management
SAMG
$79.9M
| $3.17M | ﹤0.01% |
174,311
+6,158
| +4% | +$111K |
|
2833
Advantage Solutions
ADV
$389M
| $3.16M | ﹤0.01% |
79,968
+3,405
| +4% | +$192K |
|
2834
GeneDx Holdings
WGS
$1.98B
| $3.13M | ﹤0.01% |
259,759
+140,678
| +118% | +$1.88M |
|
2835
AST SpaceMobile
ASTS
$20.6B
| $3.13M | ﹤0.01% |
615,568
+136,984
| +29% | +$790K |
|
2836
Citi Trends
CTRN
$601M
| $3.13M | ﹤0.01% |
164,349
+2,917
| +2% | +$80.1K |
|
2837
Banco Bradesco
BBD
$37.4B
| $3.12M | ﹤0.01% |
1,191,349
-33,310
| -3% | -$88.6K |
|
2838
Skillsoft
SKIL
$75.3M
| $3.12M | ﹤0.01% |
77,942
+5,684
| +8% | +$203K |
|
|
KLRS
2839
Kalaris Therapeutics
KLRS
$102M
| $3.12M | ﹤0.01% |
34,377
+1,246
| +4% | +$159K |
|
|
ATXS
2840
DELISTED
Astria Therapeutics
ATXS
| $3.11M | ﹤0.01% |
233,836
+110,143
| +89% | +$1.49M |
|
2841
First Internet Bancorp
INBK
$259M
| $3.09M | ﹤0.01% |
185,813
+5,883
| +3% | +$142K |
|
|
TBCH
2842
Turtle Beach Corp
TBCH
$271M
| $3.09M | ﹤0.01% |
308,214
+20,415
| +7% | +$173K |
|
|
MRNS
2843
DELISTED
Marinus Pharmaceuticals, Inc
MRNS
| $3.09M | ﹤0.01% |
447,223
+29,494
| +7% | +$185K |
|
2844
Rocky Brands
RCKY
$376M
| $3.08M | ﹤0.01% |
133,483
+6,640
| +5% | +$181K |
|
2845
Cato Corp
CATO
$66.9M
| $3.07M | ﹤0.01% |
347,137
+14,426
| +4% | +$136K |
|
2846
Weyco Group
WEYS
$421M
| $3.06M | ﹤0.01% |
120,905
+4,135
| +4% | +$104K |
|
2847
SoundHound AI
SOUN
$3.36B
| $3.05M | ﹤0.01% |
1,106,772
+46,967
| +4% | +$111K |
|
2848
Greene County Bancorp
GCBC
$599M
| $3.04M | ﹤0.01% |
134,182
+4,912
| +4% | +$126K |
|
2849
Quantum-Si Incorporated
QSI
$166M
| $3.04M | ﹤0.01% |
1,728,639
+33,695
| +2% | +$66.5K |
|
|
DZSI
2850
DELISTED
DZS Inc. Common Stock
DZSI
| $3.04M | ﹤0.01% |
385,289
+64,796
| +20% | +$720K |
|
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.