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 | |
|---|---|---|---|---|---|---|
3351
Park-Ohio Holdings
PKOH
$581M
| $991K | ﹤0.01% |
82,061
| – | – |
|
3352
Torrid Holdings
CURV
$264M
| $991K | ﹤0.01% |
227,289
+4,475
| +2% | +$14.2K |
|
3353
Forum Energy Technologies
FET
$791M
| $985K | ﹤0.01% |
38,716
| – | – |
|
3354
Capricor Therapeutics
CAPR
$241M
| $978K | ﹤0.01% |
231,689
+5,579
| +2% | +$24K |
|
|
DRRX
3355
DELISTED
DURECT Corp
DRRX
| $977K | ﹤0.01% |
215,674
+8,710
| +4% | +$47.3K |
|
|
CHMI
3356
Cherry Hill Mortgage Investment Corp
CHMI
$85.2M
| $976K | ﹤0.01% |
176,809
+1,577
| +0.9% | +$10K |
|
3357
Innovative Solutions & Support
ISSC
$348M
| $975K | ﹤0.01% |
132,891
| – | – |
|
|
FONR
3358
DELISTED
Fonar
FONR
| $974K | ﹤0.01% |
60,103
+311
| +0.5% | +$5.38K |
|
3359
Amprius Technologies
AMPX
$1.53B
| $972K | ﹤0.01% |
111,614
+22,030
| +25% | +$139K |
|
3360
BioVie
BIVI
$12.2M
| $971K | ﹤0.01% |
1,202
+436
| +57% | +$289K |
|
3361
BlackSky Technology
BKSY
$1.04B
| $971K | ﹤0.01% |
80,884
| – | – |
|
3362
CytomX Therapeutics
CTMX
$690M
| $970K | ﹤0.01% |
642,308
+39,233
| +7% | +$88.7K |
|
|
CRON
3363
Cronos Group
CRON
$1.06B
| $970K | ﹤0.01% |
500,390
+3,916
| +0.8% | +$8.79K |
|
3364
Flexsteel Industries
FLXS
$317M
| $965K | ﹤0.01% |
50,082
| – | – |
|
3365
X4 Pharmaceuticals
XFOR
$405M
| $965K | ﹤0.01% |
36,956
+17,372
| +89% | +$509K |
|
|
NBIS
3366
Nebius Group N.V.
NBIS
$57.3B
| $961K | ﹤0.01% |
280,281
| – | – |
|
3367
Pyxis Oncology
PYXS
$193M
| $960K | ﹤0.01% |
239,351
+35,417
| +17% | +$70.7K |
|
|
AGFS
3368
DELISTED
AgroFresh Solutions Inc
AGFS
| $957K | ﹤0.01% |
319,014
+8,446
| +3% | +$25.1K |
|
|
EXPR
3369
DELISTED
Express, Inc.
EXPR
| $957K | ﹤0.01% |
60,675
+2,055
| +4% | +$41.5K |
|
|
CTG
3370
DELISTED
Computer Task Group, Inc.
CTG
| $956K | ﹤0.01% |
131,823
| – | – |
|
3371
EVI Industries
EVI
$180M
| $954K | ﹤0.01% |
48,170
+2,743
| +6% | +$57K |
|
3372
Townsquare Media
TSQ
$109M
| $953K | ﹤0.01% |
119,065
+31,703
| +36% | +$241K |
|
|
ARC
3373
DELISTED
ARC Document Solutions, Inc.
ARC
| $951K | ﹤0.01% |
300,025
| – | – |
|
|
GAMB
3374
DELISTED
Gambling.com
GAMB
| $946K | ﹤0.01% |
95,448
+12,382
| +15% | +$119K |
|
3375
MediciNova
MNOV
$65.5M
| $944K | ﹤0.01% |
437,247
| – | – |
|
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.