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 | |
|---|---|---|---|---|---|---|
851
Encompass Health
EHC
$11B
| $83.9M | 0.01% |
1,550,770
-12,575
| -0.8% | -$732K |
|
852
Portland General Electric
POR
$5.89B
| $83.8M | 0.01% |
1,713,775
+69,839
| +4% | +$3.34M |
|
853
Sonoco
SON
$5.8B
| $83.7M | 0.01% |
1,372,943
+52,411
| +4% | +$3.11M |
|
854
Jefferies Financial Group
JEF
$12.8B
| $83.7M | 0.01% |
2,636,819
-81,668
| -3% | -$2.95M |
|
855
Agnico Eagle Mines
AEM
$76.3B
| $83.5M | 0.01% |
1,626,516
+178,943
| +12% | +$9.19M |
|
856
Capri Holdings
CPRI
$1.9B
| $83.3M | 0.01% |
1,771,949
+972
| +0.1% | +$52.2K |
|
857
GameStop
GME
$8.62B
| $83.3M | 0.01% |
3,617,565
+121,916
| +3% | +$2.43M |
|
|
BCPC
858
Balchem Corp
BCPC
$5.57B
| $83.2M | 0.01% |
657,456
+29,020
| +5% | +$3.75M |
|
859
DT Midstream
DTM
$13.8B
| $83.1M | 0.01% |
1,683,278
+26,103
| +2% | +$1.35M |
|
860
Concentrix
CNXC
$1.56B
| $82.9M | 0.01% |
681,836
+50,527
| +8% | +$6.86M |
|
861
Black Hills Corp
BKH
$5.5B
| $82.8M | 0.01% |
1,312,779
+44,760
| +4% | +$2.95M |
|
862
Eagle Materials
EXP
$6.63B
| $82.8M | 0.01% |
564,073
-13,917
| -2% | -$1.97M |
|
863
Southwest Gas
SWX
$6.44B
| $82.7M | 0.01% |
1,324,858
+70,444
| +6% | +$4.49M |
|
|
TMHC
864
DELISTED
Taylor Morrison
TMHC
| $82.6M | 0.01% |
2,155,604
+197,730
| +10% | +$6.95M |
|
865
Fluor
FLR
$7.2B
| $82.4M | 0.01% |
2,666,979
+115,440
| +5% | +$3.97M |
|
866
Phillips Edison & Co
PECO
$5.34B
| $82.4M | 0.01% |
2,525,064
+99,756
| +4% | +$3.26M |
|
867
Aaon
AAON
$7.83B
| $81.8M | 0.01% |
1,268,954
+53,031
| +4% | +$2.92M |
|
|
CIVI
868
DELISTED
Civitas Resources
CIVI
| $81.7M | 0.01% |
1,195,680
+44,427
| +4% | +$2.88M |
|
869
Diodes
DIOD
$4.06B
| $81.6M | 0.01% |
879,282
+36,420
| +4% | +$3.26M |
|
870
e.l.f. Beauty
ELF
$5.18B
| $81.5M | 0.01% |
989,828
+111,328
| +13% | +$7.5M |
|
|
TGNA
871
DELISTED
TEGNA Inc
TGNA
| $81.4M | 0.01% |
4,814,662
+424,261
| +10% | +$7.94M |
|
872
Meritage Homes
MTH
$4.86B
| $81.4M | 0.01% |
1,393,538
+63,778
| +5% | +$3.43M |
|
873
Merit Medical Systems
MMSI
$5.12B
| $81.3M | 0.01% |
1,099,284
+50,359
| +5% | +$3.53M |
|
874
GXO Logistics
GXO
$6.03B
| $81.2M | 0.01% |
1,608,935
+53,532
| +3% | +$2.66M |
|
|
DEN
875
DELISTED
Denbury Inc.
DEN
| $81.2M | 0.01% |
926,465
+42,369
| +5% | +$3.56M |
|
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.