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 | |
|---|---|---|---|---|---|---|
3026
Eos Energy Enterprises
EOSE
$1.38B
| $2.02M | ﹤0.01% |
786,688
+151,053
| +24% | +$262K |
|
|
VXRT
3027
DELISTED
Vaxart
VXRT
| $2.01M | ﹤0.01% |
2,662,473
+82,949
| +3% | +$77K |
|
3028
Timberland Bancorp
TSBK
$348M
| $2.01M | ﹤0.01% |
74,455
+1,160
| +2% | +$37.5K |
|
|
RBOT
3029
DELISTED
Vicarious Surgical
RBOT
| $2M | ﹤0.01% |
29,300
+1,477
| +5% | +$115K |
|
3030
Xenon Pharmaceuticals
XENE
$6.22B
| $1.99M | ﹤0.01% |
55,725
+440
| +0.8% | +$16.3K |
|
|
PINE
3031
Alpine Income Property Trust
PINE
$330M
| $1.99M | ﹤0.01% |
118,242
+10,140
| +9% | +$188K |
|
|
MBCN
3032
DELISTED
Middlefield Banc Corp
MBCN
| $1.99M | ﹤0.01% |
70,985
+20,952
| +42% | +$582K |
|
3033
inTEST
INTT
$179M
| $1.98M | ﹤0.01% |
95,671
+11,749
| +14% | +$176K |
|
3034
Wheels Up
UP
$208M
| $1.98M | ﹤0.01% |
15,674
+375
| +2% | +$83.2K |
|
|
URG
3035
Ur-Energy
URG
$517M
| $1.98M | ﹤0.01% |
1,867,765
+134,171
| +8% | +$152K |
|
|
TUP
3036
DELISTED
Tupperware Brands Corporation
TUP
| $1.97M | ﹤0.01% |
789,836
+38,134
| +5% | +$141K |
|
3037
Vitamin Cottage Natural Grocers
NGVC
$736M
| $1.97M | ﹤0.01% |
167,888
+13,178
| +9% | +$136K |
|
|
ZOM
3038
DELISTED
Zomedica Corp.
ZOM
| $1.97M | ﹤0.01% |
9,302,960
+386,149
| +4% | +$94.7K |
|
|
WHWK
3039
Whitehawk Therapeutics
WHWK
$201M
| $1.97M | ﹤0.01% |
271,699
+10,613
| +4% | +$113K |
|
3040
Spok Holdings
SPOK
$235M
| $1.96M | ﹤0.01% |
193,293
+6,826
| +4% | +$62.3K |
|
3041
NI Holdings
NODK
$315M
| $1.94M | ﹤0.01% |
149,390
+328
| +0.2% | +$4.39K |
|
|
CTV
3042
DELISTED
Innovid Corp.
CTV
| $1.94M | ﹤0.01% |
1,376,853
+67,735
| +5% | +$124K |
|
|
VCSA
3043
DELISTED
Vacasa, Inc. Class A Common Stock
VCSA
| $1.94M | ﹤0.01% |
100,709
+5,644
| +6% | +$158K |
|
3044
Jasper Therapeutics
JSPR
$22M
| $1.94M | ﹤0.01% |
107,031
+94,289
| +740% | +$1.74M |
|
3045
Pioneer Bancorp
PBFS
$431M
| $1.93M | ﹤0.01% |
195,850
+8,928
| +5% | +$98K |
|
3046
Lineage Cell Therapeutics
LCTX
$284M
| $1.92M | ﹤0.01% |
1,282,000
+17,591
| +1% | +$24.6K |
|
|
FREE
3047
DELISTED
Whole Earth Brands, Inc. Class A Common Stock
FREE
| $1.92M | ﹤0.01% |
750,749
+15,688
| +2% | +$53.6K |
|
3048
Fidelity D&D Bancorp
FDBC
$313M
| $1.91M | ﹤0.01% |
41,867
| – | – |
|
3049
Evolution Petroleum
EPM
$125M
| $1.91M | ﹤0.01% |
302,933
+29,431
| +11% | +$189K |
|
3050
Northeast Community Bancorp
NECB
$374M
| $1.91M | ﹤0.01% |
145,485
+9,787
| +7% | +$147K |
|
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.