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 | |
|---|---|---|---|---|---|---|
2876
Ring Energy
REI
$339M
| $3.54M | ﹤0.01% |
1,807,766
+11,225
| +0.6% | +$16.7K |
|
2877
Innovative Industrial Properties
IIPR
$1.72B
| $3.51M | ﹤0.01% |
33,839
+8,284
| +32% | +$790K |
|
2878
Inovio Pharmaceuticals
INO
$69M
| $3.51M | ﹤0.01% |
252,603
+13,316
| +6% | +$115K |
|
2879
Energy Vault
NRGV
$633M
| $3.51M | ﹤0.01% |
1,958,492
+35,174
| +2% | +$61.5K |
|
2880
Butterfly Network
BFLY
$2.35B
| $3.49M | ﹤0.01% |
3,235,615
+73,957
| +2% | +$79.3K |
|
2881
ClearPoint Neuro
CLPT
$433M
| $3.49M | ﹤0.01% |
513,033
+23,878
| +5% | +$167K |
|
2882
InfuSystem Holdings
INFU
$249M
| $3.48M | ﹤0.01% |
405,975
+24,000
| +6% | +$225K |
|
|
ILPT
2883
Industrial Logistics Properties Trust
ILPT
$586M
| $3.48M | ﹤0.01% |
809,985
+25,577
| +3% | +$104K |
|
2884
Viant Technology
DSP
$265M
| $3.47M | ﹤0.01% |
325,661
+22,503
| +7% | +$196K |
|
2885
RE/MAX Holdings
RMAX
$242M
| $3.45M | ﹤0.01% |
393,026
+8,697
| +2% | +$83.8K |
|
2886
Velocity Financial
VEL
$729M
| $3.44M | ﹤0.01% |
190,902
-1,836
| -1% | -$29.9K |
|
2887
Ranger Energy Services
RNGR
$377M
| $3.42M | ﹤0.01% |
303,225
-4,011
| -1% | -$41.8K |
|
|
LLAP
2888
DELISTED
Terran Orbital Corporation
LLAP
| $3.42M | ﹤0.01% |
2,610,290
+77,710
| +3% | +$78.5K |
|
2889
Clover Health Investments
CLOV
$2.51B
| $3.42M | ﹤0.01% |
4,301,558
+40,815
| +1% | +$37.1K |
|
2890
Petco
WOOF
$794M
| $3.41M | ﹤0.01% |
1,495,932
+70,633
| +5% | +$179K |
|
2891
C&F Financial
CFFI
$286M
| $3.41M | ﹤0.01% |
69,566
+3,587
| +5% | +$197K |
|
2892
Pulse Biosciences
PLSE
$3.02B
| $3.41M | ﹤0.01% |
390,959
+11,700
| +3% | +$108K |
|
2893
Camtek
CAMT
$7.25B
| $3.4M | ﹤0.01% |
40,596
+182
| +0.5% | +$14.3K |
|
2894
SoundThinking
SSTI
$103M
| $3.4M | ﹤0.01% |
213,829
+10,732
| +5% | +$205K |
|
2895
Celestica
CLS
$36.5B
| $3.39M | ﹤0.01% |
68,336
-602
| -0.9% | -$22.9K |
|
|
ERF
2896
DELISTED
Enerplus Corporation
ERF
| $3.39M | ﹤0.01% |
148,586
+21,976
| +17% | +$358K |
|
|
ONIT
2897
Onity Group
ONIT
$332M
| $3.39M | ﹤0.01% |
125,397
+719
| +0.6% | +$19.9K |
|
2898
Vitamin Cottage Natural Grocers
NGVC
$654M
| $3.38M | ﹤0.01% |
187,399
+1,054
| +0.6% | +$16.9K |
|
2899
Bankwell Financial Group
BWFG
$533M
| $3.38M | ﹤0.01% |
130,223
+1,941
| +2% | +$51.8K |
|
2900
Maui Land & Pineapple Co
MLP
$344M
| $3.38M | ﹤0.01% |
155,848
+3,822
| +3% | +$75.1K |
|
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.