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 | |
|---|---|---|---|---|---|---|
|
MRUS
3676
DELISTED
Merus
MRUS
| $456K | ﹤0.01% |
24,770
| – | – |
|
3677
Gain Therapeutics
GANX
$74.6M
| $454K | ﹤0.01% |
94,207
+4,093
| +5% | +$16.7K |
|
3678
Great Elm Group
GEG
$74M
| $454K | ﹤0.01% |
199,926
| – | – |
|
|
FATBB
3679
DELISTED
FAT Brands
FATBB
| $452K | ﹤0.01% |
125,535
-368
| -0.3% | -$1.44K |
|
3680
Westwater Resources
WWR
$55.9M
| $452K | ﹤0.01% |
406,814
+20,059
| +5% | +$20.9K |
|
|
TCBC
3681
DELISTED
TC Bancshares, Inc. Common Stock
TCBC
| $451K | ﹤0.01% |
30,992
| – | – |
|
|
SAND
3682
DELISTED
Sandstorm Gold
SAND
| $451K | ﹤0.01% |
77,451
+86
| +0.1% | +$470 |
|
3683
Energous
WATT
$97.9M
| $450K | ﹤0.01% |
1,389
| – | – |
|
|
MMP
3684
DELISTED
Magellan Midstream Partners, L.P.
MMP
| $450K | ﹤0.01% |
8,290
+264
| +3% | +$14K |
|
3685
Wrap Technologies
WRAP
$110M
| $448K | ﹤0.01% |
260,726
| – | – |
|
|
ACB
3686
Aurora Cannabis
ACB
$173M
| $446K | ﹤0.01% |
63,964
-12,212
| -16% | -$107K |
|
3687
Aquestive Therapeutics
AQST
$460M
| $442K | ﹤0.01% |
387,575
| – | – |
|
3688
Alvotech
ALVO
$1.3B
| $439K | ﹤0.01% |
+34,007
| New | +$435K |
|
3689
IAMGOLD
IAG
$8.66B
| $438K | ﹤0.01% |
160,267
+2,850
| +2% | +$7.25K |
|
3690
Live Ventures
LIVE
$30.2M
| $438K | ﹤0.01% |
13,820
+592
| +4% | +$20.1K |
|
3691
Biodesix
BDSX
$235M
| $437K | ﹤0.01% |
11,748
+5,442
| +86% | +$223K |
|
3692
Envela
ELA
$573M
| $437K | ﹤0.01% |
67,203
+7,027
| +12% | +$46.8K |
|
|
LCA
3693
DELISTED
Landcadia Holdings IV, Inc. Class A Common Stock
LCA
| $436K | ﹤0.01% |
43,419
| – | – |
|
|
NYAX
3694
Nayax
NYAX
$2.6B
| $435K | ﹤0.01% |
25,609
+132
| +0.5% | +$2.57K |
|
3695
Culp Inc
CULP
$44.6M
| $435K | ﹤0.01% |
83,683
| – | – |
|
3696
BuzzFeed
BZFD
$102M
| $434K | ﹤0.01% |
96,109
+4,244
| +5% | +$24.1K |
|
3697
Hudbay
HBM
$11B
| $433K | ﹤0.01% |
82,438
+74
| +0.1% | +$389 |
|
|
AAMC
3698
DELISTED
Altisource Asset Management Corp
AAMC
| $431K | ﹤0.01% |
+11,261
| New | +$287K |
|
|
ARAV
3699
DELISTED
Aravive, Inc. Common Stock
ARAV
| $430K | ﹤0.01% |
215,218
+72,431
| +51% | +$136K |
|
3700
VistaGen Therapeutics
VTGN
$11.8M
| $430K | ﹤0.01% |
114,994
+5,907
| +5% | +$31K |
|
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.