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 | |
|---|---|---|---|---|---|---|
|
ONIT
3076
Onity Group
ONIT
$321M
| $1.8M | ﹤0.01% |
66,461
-2,292
| -3% | -$72.7K |
|
3077
AMES National
ATLO
$277M
| $1.8M | ﹤0.01% |
86,625
+1
| +0% | +$23 |
|
3078
374Water
SCWO
$39.4M
| $1.8M | ﹤0.01% |
+38,149
| New | +$1.31M |
|
3079
PDS Biotechnology
PDSB
$40.6M
| $1.8M | ﹤0.01% |
292,253
+12,662
| +5% | +$104K |
|
|
ERF
3080
DELISTED
Enerplus Corporation
ERF
| $1.8M | ﹤0.01% |
114,254
+21,449
| +23% | +$346K |
|
3081
LCNB Corp
LCNB
$281M
| $1.79M | ﹤0.01% |
109,828
+509
| +0.5% | +$9.06K |
|
3082
National Bankshares
NKSH
$262M
| $1.79M | ﹤0.01% |
57,010
| – | – |
|
3083
NextNav
NN
$2.02B
| $1.79M | ﹤0.01% |
881,603
+86,057
| +11% | +$231K |
|
|
CVLY
3084
DELISTED
Codorus Valley Bancorp Inc
CVLY
| $1.78M | ﹤0.01% |
85,899
+1,328
| +2% | +$31.5K |
|
3085
Viper Energy
VNOM
$8.09B
| $1.77M | ﹤0.01% |
63,255
+528
| +0.8% | +$15.9K |
|
|
SBT
3086
DELISTED
Sterling Bancorp, Inc. Common Stock
SBT
| $1.76M | ﹤0.01% |
311,266
+20,335
| +7% | +$122K |
|
3087
Angi Inc
ANGI
$194M
| $1.76M | ﹤0.01% |
77,471
+5,681
| +8% | +$146K |
|
3088
Zevra Therapeutics
ZVRA
$622M
| $1.75M | ﹤0.01% |
319,018
+9,176
| +3% | +$48.5K |
|
3089
Rush Enterprises Class B
RUSHB
$6.16B
| $1.75M | ﹤0.01% |
43,936
+14,740
| +50% | +$571K |
|
3090
Beyond Air
XAIR
$4.1M
| $1.75M | ﹤0.01% |
649
| – | – |
|
3091
Oric Pharmaceuticals
ORIC
$1.34B
| $1.75M | ﹤0.01% |
307,422
+23,711
| +8% | +$124K |
|
3092
Groupon
GRPN
$1.04B
| $1.74M | ﹤0.01% |
414,367
+11,798
| +3% | +$81.5K |
|
3093
ESS Tech
GWH
$21.4M
| $1.74M | ﹤0.01% |
83,307
+2,480
| +3% | +$69.1K |
|
3094
Orange County Bancorp
OBT
$521M
| $1.73M | ﹤0.01% |
78,856
+12,560
| +19% | +$313K |
|
3095
Princeton Bancorp
BPRN
$287M
| $1.73M | ﹤0.01% |
54,651
| – | – |
|
3096
MeiraGTx Holdings
MGTX
$1.16B
| $1.73M | ﹤0.01% |
335,287
+33,534
| +11% | +$232K |
|
3097
Western New England Bancorp
WNEB
$281M
| $1.73M | ﹤0.01% |
211,046
+2,893
| +1% | +$27.4K |
|
|
NOTV
3098
DELISTED
Inotiv
NOTV
| $1.73M | ﹤0.01% |
399,068
+68,544
| +21% | +$436K |
|
|
XOMA
3099
DELISTED
Xoma
XOMA
| $1.72M | ﹤0.01% |
81,672
+1,748
| +2% | +$36.8K |
|
3100
Duluth Holdings
DLTH
$157M
| $1.72M | ﹤0.01% |
269,313
+17,226
| +7% | +$110K |
|
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.