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 | |
|---|---|---|---|---|---|---|
676
Primerica
PRI
$9.89B
| $163M | 0.02% |
645,116
+34,153
| +6% | +$8.08M |
|
677
BJs Wholesale Club
BJ
$12.3B
| $163M | 0.02% |
2,154,443
+86,269
| +4% | +$6.01M |
|
678
SPS Commerce
SPSC
$2.64B
| $163M | 0.02% |
879,243
+34,816
| +4% | +$6.43M |
|
679
Mohawk Industries
MHK
$9.22B
| $163M | 0.02% |
1,244,145
-29,384
| -2% | -$3.3M |
|
680
Selective Insurance
SIGI
$5.73B
| $162M | 0.02% |
1,480,658
+63,305
| +4% | +$6.52M |
|
681
Ryman Hospitality Properties
RHP
$7.63B
| $162M | 0.01% |
1,398,016
+37,765
| +3% | +$4.34M |
|
682
HealthEquity
HQY
$8.75B
| $161M | 0.01% |
1,975,696
+82,772
| +4% | +$6.46M |
|
683
Annaly Capital Management
NLY
$17.4B
| $161M | 0.01% |
8,194,500
-991,477
| -11% | -$19.1M |
|
|
CHX
684
DELISTED
ChampionX
CHX
| $161M | 0.01% |
4,471,896
+105,601
| +2% | +$3.16M |
|
685
Boise Cascade
BCC
$3.02B
| $160M | 0.01% |
1,034,229
+29,200
| +3% | +$3.94M |
|
686
Paylocity
PCTY
$7.98B
| $160M | 0.01% |
932,358
+40,125
| +4% | +$6.63M |
|
687
Commercial Metals
CMC
$8.31B
| $159M | 0.01% |
2,700,886
+99,507
| +4% | +$5.27M |
|
688
Cytokinetics
CYTK
$10.4B
| $158M | 0.01% |
2,247,165
+157,040
| +8% | +$12.1M |
|
689
Core & Main
CNM
$8.71B
| $157M | 0.01% |
2,746,021
+666,253
| +32% | +$30.5M |
|
690
Bruker
BRKR
$8.14B
| $157M | 0.01% |
1,672,832
+29,732
| +2% | +$2.39M |
|
|
SGI
691
Somnigroup International
SGI
$13.7B
| $157M | 0.01% |
2,758,807
+114,912
| +4% | +$5.99M |
|
|
GTLS
692
DELISTED
Chart Industries
GTLS
| $157M | 0.01% |
950,611
+32,270
| +4% | +$4.33M |
|
693
Vaxcyte
PCVX
$8.64B
| $156M | 0.01% |
2,287,375
+313,869
| +16% | +$21.7M |
|
694
The Ensign Group
ENSG
$10.7B
| $155M | 0.01% |
1,246,362
+34,121
| +3% | +$4.09M |
|
695
Lear
LEA
$8.18B
| $155M | 0.01% |
1,071,720
+52,395
| +5% | +$7.17M |
|
696
Rambus
RMBS
$11B
| $154M | 0.01% |
2,490,521
+61,461
| +3% | +$3.89M |
|
697
Nextpower Inc
NXT
$15.7B
| $153M | 0.01% |
2,725,597
+1,669,569
| +158% | +$88.8M |
|
698
EastGroup Properties
EGP
$10.9B
| $153M | 0.01% |
852,494
+47,025
| +6% | +$8.48M |
|
699
Mueller Industries
MLI
$15.2B
| $153M | 0.01% |
5,681,874
+106,550
| +2% | +$2.63M |
|
700
Essent Group
ESNT
$6.33B
| $153M | 0.01% |
2,564,212
+206,450
| +9% | +$11.2M |
|
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.