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 | |
|---|---|---|---|---|---|---|
3026
First Community Corp
FCCO
$322M
| $2.57M | ﹤0.01% |
147,455
+4,609
| +3% | +$81.9K |
|
|
GPGI
3027
GPGI Inc
GPGI
$4.35B
| $2.57M | ﹤0.01% |
427,574
+23,219
| +6% | +$105K |
|
3028
Sportsman's Warehouse
SPWH
$46M
| $2.56M | ﹤0.01% |
823,884
-8,167
| -1% | -$30.4K |
|
3029
Dave Inc
DAVE
$4.06B
| $2.56M | ﹤0.01% |
68,953
+15,078
| +28% | +$347K |
|
3030
MainStreet Bancshares
MNSB
$172M
| $2.53M | ﹤0.01% |
139,234
+8,652
| +7% | +$170K |
|
3031
dLocal
DLO
$4.24B
| $2.52M | ﹤0.01% |
171,259
+22,202
| +15% | +$371K |
|
3032
Melco Resorts & Entertainment
MLCO
$2.14B
| $2.52M | ﹤0.01% |
348,963
+2,061
| +0.6% | +$16.5K |
|
3033
Red Robin
RRGB
$152M
| $2.51M | ﹤0.01% |
328,023
-7,779
| -2% | -$71.5K |
|
3034
Angi Inc
ANGI
$196M
| $2.5M | ﹤0.01% |
95,447
+1,833
| +2% | +$46.7K |
|
3035
Hagerty
HGTY
$1.39B
| $2.47M | ﹤0.01% |
269,644
-3,051
| -1% | -$25.5K |
|
3036
Indivior Pharmaceuticals
INDV
$4.58B
| $2.46M | ﹤0.01% |
114,626
+6,594
| +6% | +$124K |
|
3037
NI Holdings
NODK
$320M
| $2.46M | ﹤0.01% |
162,046
+12,132
| +8% | +$167K |
|
3038
Rackspace Technology
RXT
$1.24B
| $2.45M | ﹤0.01% |
1,552,893
+48,785
| +3% | +$87.4K |
|
3039
Outset Medical
OM
$90.8M
| $2.45M | ﹤0.01% |
73,482
+1,698
| +2% | +$86K |
|
3040
Richardson Electronics
RELL
$304M
| $2.44M | ﹤0.01% |
265,338
+4,009
| +2% | +$38.6K |
|
3041
Fennec Pharmaceuticals
FENC
$402M
| $2.44M | ﹤0.01% |
219,754
+1,164
| +0.5% | +$11.7K |
|
3042
Orion Group Holdings
ORN
$418M
| $2.43M | ﹤0.01% |
296,449
+6,037
| +2% | +$39.2K |
|
3043
Bank7 Corp
BSVN
$481M
| $2.42M | ﹤0.01% |
85,715
+5,227
| +6% | +$141K |
|
3044
MeiraGTx Holdings
MGTX
$1.21B
| $2.42M | ﹤0.01% |
398,094
+10,546
| +3% | +$66.6K |
|
|
AKYA
3045
DELISTED
Akoya BioSciences
AKYA
| $2.41M | ﹤0.01% |
514,049
+15,874
| +3% | +$82.4K |
|
3046
Core Scientific
CORZ
$6.75B
| $2.41M | ﹤0.01% |
+680,159
| New | +$2.36M |
|
3047
Paysign
PAYS
$705M
| $2.41M | ﹤0.01% |
657,081
+11,517
| +2% | +$34.4K |
|
3048
Puma Biotechnology
PBYI
$454M
| $2.4M | ﹤0.01% |
452,971
+8,925
| +2% | +$48.1K |
|
3049
NexGen Energy
NXE
$6.99B
| $2.39M | ﹤0.01% |
280,557
+94,784
| +51% | +$704K |
|
3050
Rush Enterprises Class B
RUSHB
$6.14B
| $2.39M | ﹤0.01% |
44,783
+6,093
| +16% | +$301K |
|
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.