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 | |
|---|---|---|---|---|---|---|
3601
Backblaze
BLZE
$1.19B
| $556K | ﹤0.01% |
110,174
+6,166
| +6% | +$37.4K |
|
3602
Equinox Gold
EQX
$7.58B
| $554K | ﹤0.01% |
107,909
-2,725
| -2% | -$11.3K |
|
3603
KULR Technology Group
KULR
$131M
| $554K | ﹤0.01% |
78,963
+3,206
| +4% | +$29.8K |
|
3604
Smart Sand
SND
$192M
| $554K | ﹤0.01% |
314,757
+2,116
| +0.7% | +$3.94K |
|
3605
Electromed
ELMD
$349M
| $552K | ﹤0.01% |
53,076
| – | – |
|
|
CLSD
3606
DELISTED
Clearside Biomedical
CLSD
| $551K | ﹤0.01% |
35,340
| – | – |
|
3607
P3 Health Partners
PIII
$34.8M
| $551K | ﹤0.01% |
10,391
+29
| +0.3% | +$1.74K |
|
3608
Greenwich LifeSciences
GLSI
$210M
| $551K | ﹤0.01% |
39,933
| – | – |
|
3609
Immunic
IMUX
$192M
| $549K | ﹤0.01% |
36,864
+9,816
| +36% | +$182K |
|
3610
Cognyte Software
CGNT
$683M
| $547K | ﹤0.01% |
161,217
+2,376
| +1% | +$8.56K |
|
|
STRR
3611
Star Equity Holdings
STRR
$41.9M
| $546K | ﹤0.01% |
24,476
| – | – |
|
3612
Reading International Class A
RDI
$32.3M
| $546K | ﹤0.01% |
167,864
-552
| -0.3% | -$1.89K |
|
3613
Ituran Location and Control
ITRN
$1.12B
| $543K | ﹤0.01% |
24,922
| – | – |
|
3614
Biglari Holdings Class A
BH.A
$1.23B
| $542K | ﹤0.01% |
639
+9
| +1% | +$7.34K |
|
3615
Celestica
CLS
$42.8B
| $541K | ﹤0.01% |
41,135
+2,395
| +6% | +$30.6K |
|
3616
Xos
XOS
$35.9M
| $541K | ﹤0.01% |
34,362
+278
| +0.8% | +$6.53K |
|
3617
Harte-Hanks
HHS
$16.6M
| $540K | ﹤0.01% |
57,382
+3,171
| +6% | +$35K |
|
3618
Hamilton Beach Brands
HBB
$323M
| $538K | ﹤0.01% |
52,583
| – | – |
|
3619
Contango Silver & Gold Inc
CTGO
$561M
| $535K | ﹤0.01% |
18,776
+1
| +0% | +$24 |
|
3620
XBiotech
XBIT
$68.6M
| $535K | ﹤0.01% |
155,083
| – | – |
|
|
FWAC
3621
DELISTED
Fifth Wall Acquisition Corp. III Class A Ordinary Shares
FWAC
| $535K | ﹤0.01% |
52,330
| – | – |
|
3622
Flux Power
FLUX
$12.9M
| $532K | ﹤0.01% |
109,397
+8,361
| +8% | +$46.6K |
|
|
WKME
3623
DELISTED
WalkMe Ltd. Ordinary Shares
WKME
| $530K | ﹤0.01% |
49,858
| – | – |
|
3624
Ero Copper
ERO
$3.02B
| $527K | ﹤0.01% |
29,778
+27
| +0.1% | +$435 |
|
3625
Orion Energy Systems
OESX
$43.6M
| $527K | ﹤0.01% |
25,947
| – | – |
|
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.