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 | |
|---|---|---|---|---|---|---|
3001
Eve Holding
EVEX
$962M
| $2.69M | ﹤0.01% |
498,316
+7,420
| +2% | +$45.3K |
|
|
SEZL
3002
Sezzle
SEZL
$3.97B
| $2.68M | ﹤0.01% |
190,494
+25,782
| +16% | +$196K |
|
|
KWY
3003
Kingsway Corp
KWY
$293M
| $2.66M | ﹤0.01% |
319,299
+6,073
| +2% | +$52.2K |
|
3004
ODDITY Tech
ODD
$651M
| $2.66M | ﹤0.01% |
61,233
+17,590
| +40% | +$759K |
|
3005
Verrica Pharmaceuticals
VRCA
$87.3M
| $2.66M | ﹤0.01% |
44,931
+1,963
| +5% | +$108K |
|
|
FSP
3006
Franklin Street Properties
FSP
$46.8M
| $2.65M | ﹤0.01% |
1,168,184
+35,203
| +3% | +$84K |
|
|
CAN
3007
Canaan Creative
CAN
$159M
| $2.65M | ﹤0.01% |
1,742,621
+774,642
| +80% | +$1.31M |
|
3008
TaskUs
TASK
$669M
| $2.65M | ﹤0.01% |
227,473
-250
| -0.1% | -$3.12K |
|
|
OPI
3009
DELISTED
Office Properties Income Trust
OPI
| $2.65M | ﹤0.01% |
1,297,095
+43,731
| +3% | +$150K |
|
3010
Citius Pharmaceuticals
CTXR
$18.7M
| $2.64M | ﹤0.01% |
117,820
+6,624
| +6% | +$121K |
|
3011
Smith Douglas Homes
SDHC
$116M
| $2.64M | ﹤0.01% |
+88,964
| New | +$2.49M |
|
3012
Douglas Elliman
DOUG
$162M
| $2.64M | ﹤0.01% |
1,671,157
+5,202
| +0.3% | +$10.7K |
|
|
BIG
3013
DELISTED
Big Lots, Inc.
BIG
| $2.62M | ﹤0.01% |
605,609
+278
| +0% | +$1.47K |
|
3014
Crawford & Co Class A
CRD.A
$669M
| $2.62M | ﹤0.01% |
277,931
+1,056
| +0.4% | +$12.1K |
|
|
HSHP
3015
Himalaya Shipping
HSHP
$748M
| $2.61M | ﹤0.01% |
339,044
+59,502
| +21% | +$439K |
|
3016
Citi Trends
CTRN
$605M
| $2.61M | ﹤0.01% |
96,005
+2,949
| +3% | +$85K |
|
3017
Cadiz
CDZI
$291M
| $2.6M | ﹤0.01% |
897,527
+24,695
| +3% | +$67.9K |
|
3018
Contango Silver & Gold Inc
CTGO
$652M
| $2.6M | ﹤0.01% |
131,089
+3,466
| +3% | +$60.4K |
|
3019
Ramaco Resources Class B
METCB
$408M
| $2.6M | ﹤0.01% |
223,471
+4,100
| +2% | +$47.1K |
|
3020
uniQure
QURE
$3.22B
| $2.6M | ﹤0.01% |
499,820
+20,145
| +4% | +$116K |
|
3021
PDS Biotechnology
PDSB
$43.4M
| $2.59M | ﹤0.01% |
654,185
+20,981
| +3% | +$108K |
|
|
MRUS
3022
DELISTED
Merus
MRUS
| $2.59M | ﹤0.01% |
57,458
+3,850
| +7% | +$156K |
|
3023
Hamilton Insurance Group
HG
$3.56B
| $2.58M | ﹤0.01% |
+185,344
| New | +$2.69M |
|
|
MPX
3024
DELISTED
Marine Products Corp
MPX
| $2.57M | ﹤0.01% |
219,051
+7,230
| +3% | +$77.8K |
|
3025
USCB Financial Holdings
USCB
$412M
| $2.57M | ﹤0.01% |
225,515
+1,681
| +0.8% | +$19.4K |
|
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.