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 | |
|---|---|---|---|---|---|---|
501
Lattice Semiconductor
LSCC
$18B
| $214M | 0.03% |
2,239,693
+13,651
| +0.6% | +$1.12M |
|
502
Gen Digital
GEN
$16.9B
| $213M | 0.03% |
12,434,238
-2,691
| -0% | -$54K |
|
503
Bio-Rad Laboratories Class A
BIO
$8.96B
| $213M | 0.03% |
444,904
+10,018
| +2% | +$4.69M |
|
|
SPLK
504
DELISTED
Splunk Inc
SPLK
| $211M | 0.03% |
2,207,458
+80,045
| +4% | +$7.67M |
|
505
CarMax
KMX
$8.29B
| $210M | 0.03% |
3,266,746
+69,196
| +2% | +$4.63M |
|
506
Live Nation Entertainment
LYV
$42.3B
| $209M | 0.03% |
2,997,295
+60,017
| +2% | +$4.4M |
|
507
American Airlines Group
AAL
$10.6B
| $209M | 0.03% |
14,197,531
+331,613
| +2% | +$5.17M |
|
508
Canadian Natural Resources
CNQ
$96.7B
| $208M | 0.03% |
7,418,716
+82,788
| +1% | +$2.34M |
|
509
Carnival Corporation Ltd
CCL
$39.4B
| $208M | 0.03% |
20,504,071
+469,764
| +2% | +$4.87M |
|
510
Eastman Chemical
EMN
$8.23B
| $207M | 0.03% |
2,463,133
+17,555
| +0.7% | +$1.51M |
|
511
Hubbell
HUBB
$25.2B
| $205M | 0.03% |
845,082
-7,767
| -0.9% | -$1.86M |
|
512
Bank of Montreal
BMO
$126B
| $205M | 0.03% |
2,280,228
+114,704
| +5% | +$10.9M |
|
513
Graco
GGG
$13B
| $203M | 0.03% |
2,787,027
-59,519
| -2% | -$4.13M |
|
514
Rollins
ROL
$18.4B
| $203M | 0.03% |
5,424,348
-129,943
| -2% | -$4.69M |
|
515
Scotiabank
BNS
$108B
| $203M | 0.03% |
3,993,499
+112,215
| +3% | +$5.76M |
|
516
Equity Lifestyle Properties
ELS
$12.7B
| $202M | 0.03% |
3,014,874
+72,954
| +2% | +$4.95M |
|
517
A.O. Smith
AOS
$8.25B
| $201M | 0.03% |
2,912,853
-16,656
| -0.6% | -$1.08M |
|
518
Sea Limited
SE
$68.1B
| $200M | 0.03% |
2,343,167
+64,565
| +3% | +$4.41M |
|
519
Palantir
PLTR
$301B
| $200M | 0.03% |
23,712,480
+747,652
| +3% | +$5.85M |
|
520
Allegion
ALLE
$13.7B
| $200M | 0.03% |
1,874,189
+45,157
| +2% | +$5.07M |
|
521
Molson Coors Class B
TAP
$7.86B
| $199M | 0.03% |
3,859,484
+38,966
| +1% | +$2.02M |
|
522
Yum China
YUMC
$16.6B
| $198M | 0.03% |
3,139,875
+4,886
| +0.2% | +$295K |
|
523
Pinnacle West Capital
PNW
$12.2B
| $197M | 0.03% |
2,489,492
-268,878
| -10% | -$20.3M |
|
524
Pentair
PNR
$10.7B
| $194M | 0.03% |
3,522,665
+83,740
| +2% | +$4.45M |
|
|
LSI
525
DELISTED
Life Storage, Inc.
LSI
| $191M | 0.02% |
1,460,185
+34,246
| +2% | +$3.96M |
|
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.