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 | |
|---|---|---|---|---|---|---|
|
SCWX
3101
DELISTED
SecureWorks Corp Class A Common Stock
SCWX
| $1.71M | ﹤0.01% |
199,990
+10,166
| +5% | +$78.3K |
|
|
LLAP
3102
DELISTED
Terran Orbital Corporation
LLAP
| $1.7M | ﹤0.01% |
925,242
+43,092
| +5% | +$83.1K |
|
3103
Vor Biopharma
VOR
$1.2B
| $1.7M | ﹤0.01% |
15,797
+7,459
| +89% | +$827K |
|
3104
Gossamer Bio
GOSS
$87.8M
| $1.7M | ﹤0.01% |
1,346,259
+51,145
| +4% | +$97.9K |
|
|
CONN
3105
DELISTED
Conn's Inc.
CONN
| $1.69M | ﹤0.01% |
279,316
+17,755
| +7% | +$151K |
|
3106
Lincoln Educational Services
LINC
$1.37B
| $1.69M | ﹤0.01% |
298,649
+68,355
| +30% | +$415K |
|
3107
FTC Solar
FTCI
$47.7M
| $1.69M | ﹤0.01% |
75,053
+3,202
| +4% | +$85.2K |
|
3108
Cartesian Therapeutics
RNAC
$244M
| $1.69M | ﹤0.01% |
40,461
+1,302
| +3% | +$61.2K |
|
|
USX
3109
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
| $1.68M | ﹤0.01% |
283,244
+46,051
| +19% | +$108K |
|
3110
Gencor Industries
GENC
$212M
| $1.66M | ﹤0.01% |
108,265
+48,784
| +82% | +$612K |
|
|
KVSC
3111
DELISTED
Khosla Ventures Acquisition Co. III Class A Common Stock
KVSC
| $1.66M | ﹤0.01% |
163,724
-70,616
| -30% | -$712K |
|
|
DBD
3112
DELISTED
Diebold Nixdorf Incorporated
DBD
| $1.65M | ﹤0.01% |
1,377,644
+75,567
| +6% | +$168K |
|
|
FRGI
3113
DELISTED
Fiesta Restaurant Group, Inc.
FRGI
| $1.65M | ﹤0.01% |
200,766
+22,153
| +12% | +$184K |
|
3114
Immuneering
IMRX
$281M
| $1.64M | ﹤0.01% |
169,219
| – | – |
|
3115
KVH Industries
KVHI
$188M
| $1.64M | ﹤0.01% |
144,326
+2,424
| +2% | +$24.8K |
|
3116
RGC Resources
RGCO
$223M
| $1.64M | ﹤0.01% |
70,532
+906
| +1% | +$21.4K |
|
3117
Acacia Research
ACTG
$442M
| $1.64M | ﹤0.01% |
423,580
-56,975
| -12% | -$241K |
|
3118
Superior Group of Companies
SGC
$220M
| $1.63M | ﹤0.01% |
207,417
+10,680
| +5% | +$115K |
|
3119
Grindr
GRND
$3.13B
| $1.63M | ﹤0.01% |
+262,107
| New | +$1.57M |
|
3120
1stdibs.com
DIBS
$174M
| $1.62M | ﹤0.01% |
407,790
+35,317
| +9% | +$179K |
|
3121
Radware
RDWR
$1.21B
| $1.62M | ﹤0.01% |
75,104
+797
| +1% | +$16.7K |
|
3122
Cue Biopharma
CUE
$114M
| $1.62M | ﹤0.01% |
15,092
+4,564
| +43% | +$435K |
|
3123
Perma-Fix Environmental Services
PESI
$379M
| $1.62M | ﹤0.01% |
137,175
+42,217
| +44% | +$275K |
|
3124
Ericsson
ERIC
$33.1B
| $1.61M | ﹤0.01% |
274,675
-6,133
| -2% | -$35K |
|
|
MACK
3125
DELISTED
Merrimack Pharmaceuticals, Inc.
MACK
| $1.6M | ﹤0.01% |
130,164
-4,062
| -3% | -$47.7K |
|
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.