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 | |
|---|---|---|---|---|---|---|
601
Cleveland-Cliffs
CLF
$6.4B
| $137M | 0.02% |
7,476,201
+150,571
| +2% | +$2.98M |
|
602
Fidelity National Financial
FNF
$13.9B
| $136M | 0.02% |
3,891,722
+89,721
| +2% | +$3.53M |
|
603
Paylocity
PCTY
$7.48B
| $136M | 0.02% |
683,021
+345
| +0.1% | +$67.9K |
|
604
Crown Holdings
CCK
$13B
| $135M | 0.02% |
1,639,053
+51,546
| +3% | +$4.36M |
|
605
First Horizon
FHN
$12.2B
| $135M | 0.02% |
7,607,918
-364,530
| -5% | -$8.1M |
|
|
EXE
606
Expand Energy Corp
EXE
$21.9B
| $135M | 0.02% |
1,777,160
+39,463
| +2% | +$3.25M |
|
607
Owens Corning
OC
$11.5B
| $135M | 0.02% |
1,400,910
+32,729
| +2% | +$3.1M |
|
608
Williams-Sonoma
WSM
$28.2B
| $135M | 0.02% |
2,213,914
-78,196
| -3% | -$4.88M |
|
609
Omega Healthcare
OHI
$14.7B
| $135M | 0.02% |
4,908,367
+681,892
| +16% | +$19M |
|
610
Kinsale Capital Group
KNSL
$8.21B
| $135M | 0.02% |
447,260
+5,005
| +1% | +$1.46M |
|
|
BKI
611
DELISTED
Black Knight, Inc. Common Stock
BKI
| $134M | 0.02% |
2,330,098
+61,118
| +3% | +$3.66M |
|
|
MASI
612
DELISTED
Masimo
MASI
| $134M | 0.02% |
726,018
+22,822
| +3% | +$3.85M |
|
613
Old Republic International
ORI
$10.5B
| $133M | 0.02% |
5,311,986
+621,094
| +13% | +$15.6M |
|
614
Healthcare Realty
HR
$7.12B
| $133M | 0.02% |
6,886,203
+830,439
| +14% | +$16.7M |
|
615
Chemed
CHE
$7.07B
| $133M | 0.02% |
247,002
-3,171
| -1% | -$1.62M |
|
616
Bruker
BRKR
$9.79B
| $133M | 0.02% |
1,682,457
-8,588
| -0.5% | -$620K |
|
617
Check Point Software Technologies
CHKP
$12.6B
| $133M | 0.02% |
1,021,873
-6,105
| -0.6% | -$777K |
|
618
TC Energy
TRP
$68.6B
| $132M | 0.02% |
3,383,456
+58,222
| +2% | +$2.37M |
|
619
Darling Ingredients
DAR
$9.5B
| $132M | 0.02% |
2,266,569
+77,186
| +4% | +$4.85M |
|
620
Repligen
RGEN
$8.3B
| $132M | 0.02% |
785,602
+25,836
| +3% | +$4.61M |
|
621
AptarGroup
ATR
$8.7B
| $132M | 0.02% |
1,109,607
-15,297
| -1% | -$1.74M |
|
622
Vail Resorts
MTN
$5.32B
| $132M | 0.02% |
564,557
+20,408
| +4% | +$4.92M |
|
623
Dell
DELL
$277B
| $131M | 0.02% |
3,262,908
-248,411
| -7% | -$10M |
|
624
Lear
LEA
$6.17B
| $131M | 0.02% |
938,963
+4,166
| +0.4% | +$576K |
|
625
Performance Food Group
PFGC
$18B
| $131M | 0.02% |
2,162,941
+77,455
| +4% | +$4.52M |
|
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.