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 | |
|---|---|---|---|---|---|---|
2926
B2Gold
BTG
$5.46B
| $2.58M | ﹤0.01% |
651,993
+41,825
| +7% | +$156K |
|
2927
Identive
INVE
$62.4M
| $2.56M | ﹤0.01% |
417,525
+26,567
| +7% | +$196K |
|
2928
Genie Energy
GNE
$373M
| $2.55M | ﹤0.01% |
184,463
+1,502
| +0.8% | +$17.1K |
|
2929
Safe Bulkers
SB
$778M
| $2.55M | ﹤0.01% |
690,594
+22,139
| +3% | +$74.4K |
|
|
VLD
2930
DELISTED
Velo3D, Inc.
VLD
| $2.55M | ﹤0.01% |
32,052
+1,633
| +5% | +$147K |
|
|
RENT
2931
Rent the Runway
RENT
$119M
| $2.54M | ﹤0.01% |
44,628
+3,348
| +8% | +$234K |
|
|
TIG
2932
DELISTED
Trean Insurance Group, Inc. Common Stock
TIG
| $2.54M | ﹤0.01% |
414,891
+13,538
| +3% | +$82.3K |
|
2933
Quad
QUAD
$529M
| $2.54M | ﹤0.01% |
591,431
+24,831
| +4% | +$109K |
|
2934
Nature's Sunshine
NATR
$353M
| $2.5M | ﹤0.01% |
245,311
+22,533
| +10% | +$222K |
|
2935
The RealReal
REAL
$1.52B
| $2.5M | ﹤0.01% |
1,981,562
+94,105
| +5% | +$137K |
|
2936
CS Disco
LAW
$260M
| $2.5M | ﹤0.01% |
375,835
+17,008
| +5% | +$121K |
|
2937
Cipher Digital
CIFR
$7.65B
| $2.49M | ﹤0.01% |
1,067,407
+190,897
| +22% | +$293K |
|
2938
Millicom
TIGO
$15.4B
| $2.48M | ﹤0.01% |
131,306
+704
| +0.5% | +$12.3K |
|
|
NVMI
2939
Nova
NVMI
$12.8B
| $2.48M | ﹤0.01% |
23,767
+176
| +0.7% | +$16.5K |
|
2940
dLocal
DLO
$4.47B
| $2.48M | ﹤0.01% |
153,038
+2,958
| +2% | +$46.6K |
|
|
NREF
2941
NexPoint Real Estate Finance
NREF
$319M
| $2.48M | ﹤0.01% |
158,252
+9,313
| +6% | +$163K |
|
2942
Nektar Therapeutics
NKTR
$2.47B
| $2.47M | ﹤0.01% |
234,538
+4,957
| +2% | +$150K |
|
2943
Upland Software
UPLD
$12.8M
| $2.47M | ﹤0.01% |
57,434
+1,766
| +3% | +$122K |
|
|
MAXN
2944
DELISTED
Maxeon Solar Technologies
MAXN
| $2.45M | ﹤0.01% |
924
+39
| +4% | +$83.1K |
|
2945
Orchestra BioMed
OBIO
$253M
| $2.45M | ﹤0.01% |
125,006
+112,585
| +906% | +$1.3M |
|
|
NESR
2946
National Energy Services Reunited Corp
NESR
$2.84B
| $2.44M | ﹤0.01% |
463,813
+26,777
| +6% | +$177K |
|
2947
Universal Electronics
UEIC
$60.1M
| $2.43M | ﹤0.01% |
239,857
+5,601
| +2% | +$97.5K |
|
|
ICVX
2948
DELISTED
Icosavax, Inc. Common Stock
ICVX
| $2.43M | ﹤0.01% |
419,289
+31,947
| +8% | +$276K |
|
2949
Hagerty
HGTY
$1.38B
| $2.41M | ﹤0.01% |
275,386
+6,923
| +3% | +$63.1K |
|
2950
Limoneira
LMNR
$249M
| $2.4M | ﹤0.01% |
144,187
+3,990
| +3% | +$58.3K |
|
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.