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 | |
|---|---|---|---|---|---|---|
726
Meritage Homes
MTH
$4.86B
| $145M | 0.01% |
1,647,690
-76,006
| -4% | -$6.15M |
|
727
MKS Inc
MKSI
$20.6B
| $144M | 0.01% |
1,085,184
+47,513
| +5% | +$5.52M |
|
728
Knight Transportation
KNX
$11.4B
| $144M | 0.01% |
2,628,559
+113,635
| +5% | +$6.41M |
|
729
Webster Financial
WBS
$12.8B
| $144M | 0.01% |
2,841,308
+145,282
| +5% | +$7.1M |
|
730
UiPath
PATH
$7.8B
| $144M | 0.01% |
6,365,829
+267,013
| +4% | +$6.25M |
|
|
CIVI
731
DELISTED
Civitas Resources
CIVI
| $143M | 0.01% |
1,885,197
+64,075
| +4% | +$4.29M |
|
|
ITCI
732
DELISTED
Intra-Cellular Therapies Inc.
ITCI
| $143M | 0.01% |
2,065,298
+63,507
| +3% | +$4.36M |
|
|
PARA
733
DELISTED
Paramount Global Class B
PARA
| $143M | 0.01% |
12,169,201
+545,702
| +5% | +$6.86M |
|
734
NNN REIT
NNN
$8.99B
| $142M | 0.01% |
3,332,941
+127,351
| +4% | +$5.3M |
|
735
Affirm
AFRM
$25.2B
| $142M | 0.01% |
3,821,486
+317,384
| +9% | +$12.7M |
|
736
Landstar System
LSTR
$6.21B
| $142M | 0.01% |
738,374
+50,748
| +7% | +$9.65M |
|
737
Watts Water Technologies
WTS
$13.1B
| $142M | 0.01% |
668,216
+31,944
| +5% | +$6.47M |
|
738
ATI
ATI
$31B
| $142M | 0.01% |
2,770,376
+70,962
| +3% | +$3.21M |
|
739
Morningstar
MORN
$7.53B
| $142M | 0.01% |
459,385
+20,347
| +5% | +$5.86M |
|
|
SWN
740
DELISTED
Southwestern Energy Company
SWN
| $142M | 0.01% |
18,675,800
+1,449,027
| +8% | +$9.84M |
|
741
First Horizon
FHN
$12.1B
| $142M | 0.01% |
9,191,518
+456,689
| +5% | +$6.56M |
|
742
Terreno Realty
TRNO
$7.49B
| $141M | 0.01% |
2,124,537
+161,247
| +8% | +$10.1M |
|
|
BECN
743
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $140M | 0.01% |
1,432,590
+146,268
| +11% | +$12.7M |
|
744
Zillow
Z
$7.56B
| $140M | 0.01% |
2,882,468
+67,643
| +2% | +$3.68M |
|
745
New York Times
NYT
$10.2B
| $139M | 0.01% |
3,207,759
+454,307
| +16% | +$20.7M |
|
746
KBR
KBR
$4.8B
| $139M | 0.01% |
2,182,908
+92,564
| +4% | +$5.27M |
|
747
Vail Resorts
MTN
$5.3B
| $139M | 0.01% |
624,475
+25,046
| +4% | +$5.57M |
|
748
Cognex
CGNX
$11.3B
| $139M | 0.01% |
3,273,425
+85,415
| +3% | +$3.33M |
|
749
PVH
PVH
$4.04B
| $138M | 0.01% |
982,244
+36,222
| +4% | +$4.64M |
|
750
Penumbra
PEN
$12.8B
| $137M | 0.01% |
615,849
+23,883
| +4% | +$5.9M |
|
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.