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 | |
|---|---|---|---|---|---|---|
2951
Stratus Properties
STRS
$159M
| $2.39M | ﹤0.01% |
119,716
+6,212
| +5% | +$129K |
|
2952
Foghorn Therapeutics
FHTX
$287M
| $2.39M | ﹤0.01% |
386,008
+15,759
| +4% | +$103K |
|
2953
Latham Group
SWIM
$857M
| $2.39M | ﹤0.01% |
836,320
+4,020
| +0.5% | +$14.1K |
|
|
CRGE
2954
DELISTED
Charge Enterprises, Inc. Common Stock
CRGE
| $2.38M | ﹤0.01% |
2,165,133
+110,765
| +5% | +$140K |
|
|
SKYT
2955
DELISTED
SkyWater Technology
SKYT
| $2.38M | ﹤0.01% |
208,711
+18,725
| +10% | +$210K |
|
|
KC
2956
Kingsoft Cloud Holdings
KC
$3.75B
| $2.37M | ﹤0.01% |
266,264
+40,032
| +18% | +$196K |
|
|
RIDE
2957
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
| $2.36M | ﹤0.01% |
237,772
+4,731
| +2% | +$75K |
|
2958
Porch Group
PRCH
$1.79B
| $2.35M | ﹤0.01% |
1,645,337
+82,055
| +5% | +$194K |
|
2959
Bowman Consulting
BWMN
$472M
| $2.35M | ﹤0.01% |
81,910
+1,648
| +2% | +$43.1K |
|
2960
Rackspace Technology
RXT
$1.21B
| $2.35M | ﹤0.01% |
1,248,839
+60,922
| +5% | +$157K |
|
|
SOND
2961
DELISTED
Sonder
SOND
| $2.34M | ﹤0.01% |
154,661
+7,025
| +5% | +$163K |
|
2962
Richardson Electronics
RELL
$308M
| $2.34M | ﹤0.01% |
104,763
| – | – |
|
|
RAD
2963
DELISTED
Rite Aid Corporation
RAD
| $2.31M | ﹤0.01% |
1,033,217
+23,379
| +2% | +$77.5K |
|
2964
Daktronics
DAKT
$1.06B
| $2.31M | ﹤0.01% |
408,115
+26,925
| +7% | +$110K |
|
2965
Red Robin
RRGB
$151M
| $2.31M | ﹤0.01% |
161,055
+733
| +0.5% | +$7.42K |
|
2966
FS Bancorp
FSBW
$323M
| $2.3M | ﹤0.01% |
76,554
+2,260
| +3% | +$76.3K |
|
2967
Empire Petroleum
EP
$99.1M
| $2.29M | ﹤0.01% |
184,153
+11,471
| +7% | +$145K |
|
2968
Nkarta
NKTX
$157M
| $2.28M | ﹤0.01% |
643,196
+23,511
| +4% | +$111K |
|
2969
Smartbird Inc
BIRD
$20.5M
| $2.28M | ﹤0.01% |
95,090
+6,106
| +7% | +$281K |
|
2970
Velocity Financial
VEL
$694M
| $2.28M | ﹤0.01% |
252,519
+6,543
| +3% | +$62.5K |
|
2971
The Honest Company
HNST
$424M
| $2.26M | ﹤0.01% |
1,258,272
+28,471
| +2% | +$77.7K |
|
|
OSG
2972
DELISTED
Overseas Shipholding Group Inc.
OSG
| $2.26M | ﹤0.01% |
579,194
| – | – |
|
2973
Tenaya Therapeutics
TNYA
$170M
| $2.25M | ﹤0.01% |
790,790
+315,046
| +66% | +$885K |
|
2974
Consolidated Water Co
CWCO
$475M
| $2.25M | ﹤0.01% |
137,046
| – | – |
|
2975
Commercial Vehicle Group
CVGI
$129M
| $2.25M | ﹤0.01% |
308,266
+655
| +0.2% | +$4.96K |
|
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.