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 | |
|---|---|---|---|---|---|---|
3526
Cardiff Oncology
CRDF
$72.3M
| $682K | ﹤0.01% |
413,502
| – | – |
|
3527
Bioventus
BVS
$909M
| $682K | ﹤0.01% |
637,103
+14,456
| +2% | +$27.7K |
|
|
IRD
3528
Opus Genetics
IRD
$306M
| $680K | ﹤0.01% |
181,370
+8,303
| +5% | +$29.8K |
|
3529
Talkspace
TALK
$863M
| $680K | ﹤0.01% |
978,272
| – | – |
|
3530
Friedman Industries
FRD
$255M
| $680K | ﹤0.01% |
59,952
+2,017
| +3% | +$22.7K |
|
3531
American Realty Investors
ARL
$251M
| $679K | ﹤0.01% |
25,804
+7,004
| +37% | +$179K |
|
3532
Aqua Metals
AQMS
$8.89M
| $679K | ﹤0.01% |
3,393
| – | – |
|
3533
Local Bounti
LOCL
$23.7M
| $677K | ﹤0.01% |
65,377
+1,508
| +2% | +$16.1K |
|
3534
Acumen Pharmaceuticals
ABOS
$162M
| $677K | ﹤0.01% |
166,820
| – | – |
|
3535
Praxis Precision Medicines
PRAX
$8.64B
| $676K | ﹤0.01% |
55,705
+9,466
| +20% | +$400K |
|
3536
LiveOne
LVO
$59.9M
| $676K | ﹤0.01% |
59,290
+1,954
| +3% | +$18.6K |
|
|
CURO
3537
DELISTED
CURO Group Holdings Corp.
CURO
| $676K | ﹤0.01% |
390,521
+30,834
| +9% | +$100K |
|
3538
Citizens Community Bancorp
CZWI
$211M
| $675K | ﹤0.01% |
63,621
| – | – |
|
3539
Neonode
NEON
$15.2M
| $674K | ﹤0.01% |
88,560
+19,678
| +29% | +$162K |
|
|
YELL
3540
DELISTED
Yellow Corporation Common Stock
YELL
| $673K | ﹤0.01% |
331,451
| – | – |
|
3541
Phunware
PHUN
$44.6M
| $671K | ﹤0.01% |
18,899
+907
| +5% | +$42K |
|
|
DADA
3542
DELISTED
Dada Nexus
DADA
| $670K | ﹤0.01% |
79,113
-999
| -1% | -$10.9K |
|
3543
Key Tronic
KTCC
$44.1M
| $669K | ﹤0.01% |
92,005
+39,426
| +75% | +$239K |
|
|
SELF
3544
Global Self Storage
SELF
$59.3M
| $663K | ﹤0.01% |
128,935
| – | – |
|
3545
NeoVolta
NEOV
$139M
| $660K | ﹤0.01% |
257,951
+9,634
| +4% | +$24K |
|
|
VRNA
3546
DELISTED
Verona Pharma
VRNA
| $658K | ﹤0.01% |
32,790
+1,136
| +4% | +$24.5K |
|
3547
Dorchester Minerals
DMLP
$1.23B
| $657K | ﹤0.01% |
21,696
| – | – |
|
|
SONX
3548
DELISTED
Sonendo, Inc.
SONX
| $657K | ﹤0.01% |
328,543
+55,401
| +20% | +$126K |
|
|
SCX
3549
DELISTED
The L.S. Starrett Company
SCX
| $657K | ﹤0.01% |
58,545
+1,394
| +2% | +$13.6K |
|
|
STRM
3550
DELISTED
Streamline Health Solutions
STRM
| $656K | ﹤0.01% |
24,304
+508
| +2% | +$14.4K |
|
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.