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 | |
|---|---|---|---|---|---|---|
726
Unity
U
$15.5B
| $105M | 0.01% |
3,227,804
+102,015
| +3% | +$3.28M |
|
727
FTI Consulting
FCN
$4.35B
| $104M | 0.01% |
526,831
+10,935
| +2% | +$1.9M |
|
728
Option Care Health
OPCH
$3.52B
| $104M | 0.01% |
3,271,566
+346,958
| +12% | +$10.4M |
|
729
Murphy Oil
MUR
$5.43B
| $104M | 0.01% |
2,806,617
+98,855
| +4% | +$3.95M |
|
|
PCH
730
DELISTED
PotlatchDeltic
PCH
| $104M | 0.01% |
2,093,061
+361,983
| +21% | +$17M |
|
731
Tenable Holdings
TENB
$3.93B
| $104M | 0.01% |
2,178,522
+101,172
| +5% | +$4.3M |
|
732
Brixmor Property Group
BRX
$9.61B
| $103M | 0.01% |
4,803,601
+143,837
| +3% | +$3.2M |
|
733
Ryman Hospitality Properties
RHP
$8.32B
| $103M | 0.01% |
1,150,898
+38,722
| +3% | +$3.43M |
|
734
Ingredion
INGR
$6.46B
| $103M | 0.01% |
1,014,901
-4,416
| -0.4% | -$441K |
|
|
AZPN
735
DELISTED
Aspen Technology Inc
AZPN
| $103M | 0.01% |
450,826
+14,374
| +3% | +$2.98M |
|
736
Carlyle Group
CG
$17.9B
| $102M | 0.01% |
3,297,514
+63,789
| +2% | +$2.13M |
|
737
ZTO Express
ZTO
$18.2B
| $102M | 0.01% |
3,577,396
-21,396
| -0.6% | -$584K |
|
738
NOV
NOV
$7.1B
| $102M | 0.01% |
5,512,002
+186,978
| +4% | +$4.04M |
|
739
The Ensign Group
ENSG
$10.2B
| $102M | 0.01% |
1,066,081
+45,370
| +4% | +$4.16M |
|
740
Toll Brothers
TOL
$14.2B
| $102M | 0.01% |
1,694,374
-65,569
| -4% | -$3.78M |
|
741
Amdocs
DOX
$5.91B
| $102M | 0.01% |
1,056,197
-105,844
| -9% | -$9.79M |
|
742
Applied Industrial Technologies
AIT
$13.1B
| $101M | 0.01% |
713,645
+30,430
| +4% | +$4.13M |
|
|
NATI
743
DELISTED
National Instruments Corp
NATI
| $101M | 0.01% |
1,931,946
+51,931
| +3% | +$2.6M |
|
744
Clean Harbors
CLH
$16.3B
| $101M | 0.01% |
709,762
+22,781
| +3% | +$2.97M |
|
745
Matador Resources
MTDR
$6B
| $101M | 0.01% |
2,117,531
+77,994
| +4% | +$4.39M |
|
|
P
746
Everpure Inc
P
$28.6B
| $101M | 0.01% |
3,954,085
+211,104
| +6% | +$5.7M |
|
747
ITT
ITT
$18B
| $101M | 0.01% |
1,167,398
+38,230
| +3% | +$3.36M |
|
748
UFP Industries
UFPI
$5.27B
| $101M | 0.01% |
1,258,702
+102,125
| +9% | +$8.74M |
|
749
Fox Factory Holding Corp
FOXF
$823M
| $101M | 0.01% |
828,182
+35,246
| +4% | +$4.05M |
|
750
Halozyme
HALO
$9.87B
| $100M | 0.01% |
2,631,387
+116,290
| +5% | +$5.45M |
|
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.