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 |
NVIDIA
NVDA
|
+$1.81B |
| 2 |
Microsoft
MSFT
|
+$1.34B |
| 3 |
Apple
AAPL
|
+$1.25B |
| 4 |
Amazon
AMZN
|
+$1.17B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$480M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$373M |
| 2 |
Amgen
AMGN
|
+$204M |
| 3 |
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
|
+$180M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$160M |
| 5 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.47% |
| 2 | Financials | 12.91% |
| 3 | Healthcare | 12.22% |
| 4 | Consumer Discretionary | 10.6% |
| 5 | Industrials | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRO
426
DELISTED
Marathon Oil Corporation
MRO
| $381M | 0.04% |
13,491,922
+377,433
| +3% | +$9.11M |
|
427
Host Hotels & Resorts
HST
$16B
| $380M | 0.04% |
18,416,928
+452,583
| +3% | +$9.1M |
|
428
United Airlines
UAL
$42.1B
| $380M | 0.04% |
7,906,451
+341,022
| +5% | +$14.6M |
|
429
Veralto
VLTO
$24B
| $380M | 0.04% |
4,293,404
+116,238
| +3% | +$9.64M |
|
430
Mid-America Apartment Communities
MAA
$15.7B
| $379M | 0.04% |
2,890,941
+73,325
| +3% | +$9.53M |
|
431
Pool Corp
POOL
$7.5B
| $379M | 0.04% |
940,272
+23,904
| +3% | +$9.34M |
|
432
Best Buy
BBY
$17.3B
| $377M | 0.03% |
4,602,564
+136,698
| +3% | +$10.4M |
|
433
Trimble
TRMB
$13.9B
| $375M | 0.03% |
5,843,889
+178,585
| +3% | +$10.2M |
|
434
Dell
DELL
$293B
| $374M | 0.03% |
3,280,454
+596,549
| +22% | +$55.7M |
|
435
Carnival Corporation Ltd
CCL
$39.7B
| $370M | 0.03% |
22,707,793
+694,772
| +3% | +$11.3M |
|
436
Las Vegas Sands
LVS
$29.6B
| $370M | 0.03% |
7,170,713
+238,963
| +3% | +$12.3M |
|
|
K
437
DELISTED
Kellanova
K
| $364M | 0.03% |
6,369,384
+142,410
| +2% | +$7.84M |
|
438
Zebra Technologies
ZBRA
$17.8B
| $364M | 0.03% |
1,210,006
+36,461
| +3% | +$9.76M |
|
439
EPAM Systems
EPAM
$5.09B
| $362M | 0.03% |
1,314,706
+40,485
| +3% | +$11.9M |
|
440
LPL Financial
LPLA
$28.6B
| $361M | 0.03% |
1,368,673
+17,007
| +1% | +$4.29M |
|
441
Shopify
SHOP
$195B
| $361M | 0.03% |
4,686,881
+254,956
| +6% | +$20.1M |
|
442
NRG Energy
NRG
$24.8B
| $357M | 0.03% |
5,283,869
+152,591
| +3% | +$8.56M |
|
443
Albemarle
ALB
$15.5B
| $353M | 0.03% |
2,685,563
+59,807
| +2% | +$7.36M |
|
444
Carlisle Companies
CSL
$15.4B
| $353M | 0.03% |
901,512
+46,911
| +5% | +$15.9M |
|
445
Lamb Weston
LW
$7.19B
| $352M | 0.03% |
3,313,877
+92,241
| +3% | +$9.6M |
|
446
Seagate
STX
$184B
| $352M | 0.03% |
3,791,909
+96,851
| +3% | +$8.52M |
|
447
EQT Corp
EQT
$32.3B
| $352M | 0.03% |
9,520,983
+396,733
| +4% | +$14.2M |
|
448
Graco
GGG
$13.5B
| $351M | 0.03% |
3,762,805
+519,735
| +16% | +$46M |
|
449
Live Nation Entertainment
LYV
$42.1B
| $347M | 0.03% |
3,293,055
+102,230
| +3% | +$9.66M |
|
450
Bunge Global
BG
$20.8B
| $345M | 0.03% |
3,377,340
+126,255
| +4% | +$11.8M |
|
Similar funds
Geode Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Geode Capital Management held 4,738 positions worth $1.08T, up 13% from $956B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Geode Capital Management deployed $32.6B of net new capital in Q1 2024, opening 85 new positions and adding to 3,720 existing holdings. Its largest new stake was Solventum: 2,733,775 shares worth $0.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Amgen, an estimated $204M trimmed.
- Geode Capital Management's largest Q1 2024 buy was Solventum: 2,733,775 shares worth $0.
- Geode Capital Management added most to NVIDIA in Q1 2024, an estimated $1.81B increase.
- Geode Capital Management's biggest Q1 2024 reduction was Amgen, cutting an estimated $204M.
- Geode Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $373M.
- Geode Capital Management's ten largest holdings make up 28% of its $1.08T portfolio in Q1 2024.
- Geode Capital Management opened 85 new positions and closed 123 in Q1 2024.
- Geode Capital Management's portfolio value rose 13% quarter-over-quarter to $1.08T.
Based on Geode Capital Management's 13F filing for Q1 2024, filed 13 May 2024.