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 | |
|---|---|---|---|---|---|---|
3426
Transcontinental Realty Investors
TCI
$375M
| $837K | ﹤0.01% |
19,751
-251
| -1% | -$11.2K |
|
3427
Prelude Therapeutics
PRLD
$360M
| $832K | ﹤0.01% |
145,904
+1,227
| +0.8% | +$7.48K |
|
3428
Apyx Medical
APYX
$180M
| $831K | ﹤0.01% |
288,689
| – | – |
|
|
CD
3429
DELISTED
Chindata Group Holdings Limited American Depositary Shares
CD
| $829K | ﹤0.01% |
118,612
+3,084
| +3% | +$23.6K |
|
|
AGIL
3430
DELISTED
AgileThought Inc
AGIL
| $827K | ﹤0.01% |
262,408
| – | – |
|
|
ALPP
3431
DELISTED
Alpine 4 Holdings Inc
ALPP
| $825K | ﹤0.01% |
202,114
| – | – |
|
3432
First United
FUNC
$288M
| $823K | ﹤0.01% |
48,791
| – | – |
|
|
SFBC
3433
Sound Financial Bancorp
SFBC
$113M
| $818K | ﹤0.01% |
22,100
| – | – |
|
3434
Bank7 Corp
BSVN
$486M
| $817K | ﹤0.01% |
33,259
+3,733
| +13% | +$103K |
|
3435
Provident Financial
PROV
$112M
| $812K | ﹤0.01% |
59,550
+1
| +0% | +$14 |
|
3436
Palladyne AI
PDYN
$283M
| $810K | ﹤0.01% |
284,282
+2,268
| +0.8% | +$7.92K |
|
3437
CVD Equipment Corp
CVV
$57.7M
| $809K | ﹤0.01% |
60,799
+16,959
| +39% | +$191K |
|
3438
RCM Technologies
RCMT
$204M
| $808K | ﹤0.01% |
69,936
| – | – |
|
3439
Maui Land & Pineapple Co
MLP
$352M
| $808K | ﹤0.01% |
67,540
| – | – |
|
3440
AstroNova
ALOT
$226M
| $807K | ﹤0.01% |
57,286
| – | – |
|
3441
First Capital
FCAP
$217M
| $807K | ﹤0.01% |
31,449
| – | – |
|
|
GOCO
3442
DELISTED
GoHealth
GOCO
| $807K | ﹤0.01% |
49,548
+3,926
| +9% | +$60.6K |
|
3443
Instil Bio
TIL
$49.2M
| $803K | ﹤0.01% |
60,752
+2,153
| +4% | +$31.8K |
|
3444
DarioHealth
DRIO
$67M
| $801K | ﹤0.01% |
9,720
| – | – |
|
3445
SCYNEXIS
SCYX
$53.6M
| $798K | ﹤0.01% |
33,254
| – | – |
|
3446
Annovis Bio
ANVS
$79.6M
| $796K | ﹤0.01% |
51,650
+8,092
| +19% | +$131K |
|
3447
Loop Industries
LOOP
$35.2M
| $795K | ﹤0.01% |
231,059
| – | – |
|
3448
loanDepot
LDI
$569M
| $792K | ﹤0.01% |
492,211
+2,404
| +0.5% | +$5.03K |
|
|
FSFG
3449
DELISTED
First Savings Financial Group
FSFG
| $792K | ﹤0.01% |
49,244
+1
| +0% | +$19 |
|
3450
Union Bankshares
UNB
$108M
| $792K | ﹤0.01% |
35,814
| – | – |
|
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.