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 | |
|---|---|---|---|---|---|---|
|
ESPR
3001
DELISTED
Esperion Therapeutics
ESPR
| $2.1M | ﹤0.01% |
1,320,817
+40,893
| +3% | +$211K |
|
3002
Hooker Furnishings Corp
HOFT
$159M
| $2.1M | ﹤0.01% |
115,405
+2,507
| +2% | +$50.7K |
|
3003
Climb Global Solutions
CLMB
$506M
| $2.1M | ﹤0.01% |
157,448
+13,824
| +10% | +$144K |
|
3004
Vermilion Energy
VET
$1.61B
| $2.09M | ﹤0.01% |
134,524
+56,932
| +73% | +$802K |
|
3005
Savara
SVRA
$1.13B
| $2.09M | ﹤0.01% |
1,072,353
+57,141
| +6% | +$129K |
|
|
NGMS
3006
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
| $2.08M | ﹤0.01% |
137,097
+5,796
| +4% | +$81.5K |
|
3007
Rallybio
RLYB
$85.7M
| $2.08M | ﹤0.01% |
45,470
+8,085
| +22% | +$418K |
|
3008
Biglari Holdings Class B
BH
$1.25B
| $2.08M | ﹤0.01% |
12,270
-364
| -3% | -$60.1K |
|
3009
CPI Card Group
PMTS
$261M
| $2.07M | ﹤0.01% |
46,094
+2,260
| +5% | +$83.8K |
|
3010
American Public Education
APEI
$987M
| $2.07M | ﹤0.01% |
382,582
+22,050
| +6% | +$231K |
|
3011
Sportradar
SRAD
$3.74B
| $2.07M | ﹤0.01% |
178,175
+3,591
| +2% | +$41.7K |
|
|
GRTS
3012
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
| $2.07M | ﹤0.01% |
744,580
+32,612
| +5% | +$93.2K |
|
|
MOMO
3013
Hello Group
MOMO
$855M
| $2.07M | ﹤0.01% |
227,300
+10,165
| +5% | +$97.1K |
|
|
CMRX
3014
DELISTED
Chimerix, Inc.
CMRX
| $2.06M | ﹤0.01% |
1,638,302
+65,250
| +4% | +$106K |
|
|
EGIO
3015
DELISTED
Edgio, Inc. Common Stock
EGIO
| $2.06M | ﹤0.01% |
65,213
+3,109
| +5% | +$153K |
|
|
CWBC
3016
Community West Bancshares
CWBC
$700M
| $2.06M | ﹤0.01% |
100,043
+14
| +0% | +$325 |
|
3017
Fresenius Medical Care
FMS
$12.8B
| $2.05M | ﹤0.01% |
96,529
| – | – |
|
3018
Norwood Financial Corp
NWFL
$371M
| $2.05M | ﹤0.01% |
69,705
+2,506
| +4% | +$82.5K |
|
|
LL
3019
DELISTED
LL Flooring Holdings, Inc.
LL
| $2.05M | ﹤0.01% |
539,660
+9,497
| +2% | +$48.4K |
|
3020
USCB Financial Holdings
USCB
$413M
| $2.04M | ﹤0.01% |
206,269
+7,721
| +4% | +$92.8K |
|
3021
Alto Ingredients
ALTO
$392M
| $2.04M | ﹤0.01% |
1,359,287
+54,094
| +4% | +$148K |
|
3022
ReNew
RNW
$2.23B
| $2.04M | ﹤0.01% |
362,513
+20,100
| +6% | +$107K |
|
3023
Altimmune
ALT
$589M
| $2.04M | ﹤0.01% |
482,361
+43,479
| +10% | +$517K |
|
|
PHLT
3024
DELISTED
Performant Healthcare Inc
PHLT
| $2.03M | ﹤0.01% |
598,321
+40,656
| +7% | +$133K |
|
|
PVBC
3025
DELISTED
Provident Bancorp
PVBC
| $2.02M | ﹤0.01% |
295,597
+22,299
| +8% | +$185K |
|
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.