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 | |
|---|---|---|---|---|---|---|
|
JBTM
1001
JBT Marel
JBTM
$6.9B
| $64.7M | 0.01% |
592,284
+27,477
| +5% | +$2.91M |
|
1002
Allison Transmission
ALSN
$10.2B
| $64.7M | 0.01% |
1,429,987
-28,974
| -2% | -$1.3M |
|
1003
Prestige Consumer Healthcare
PBH
$2.46B
| $64.5M | 0.01% |
1,030,512
+117,331
| +13% | +$7.33M |
|
1004
Columbia Banking Systems
COLB
$8.99B
| $64.5M | 0.01% |
3,011,174
+1,503,384
| +100% | +$41.8M |
|
|
SUM
1005
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $64.4M | 0.01% |
2,259,807
+88,634
| +4% | +$2.68M |
|
1006
SM Energy
SM
$7.44B
| $64.1M | 0.01% |
2,277,349
+79,806
| +4% | +$2.43M |
|
1007
ManpowerGroup
MAN
$2.55B
| $64.1M | 0.01% |
767,551
+19,090
| +3% | +$1.63M |
|
1008
Popular Inc
BPOP
$11.2B
| $63.9M | 0.01% |
1,109,854
+18,609
| +2% | +$1.21M |
|
1009
Sunrun
RUN
$2.63B
| $63.8M | 0.01% |
3,166,039
+105,843
| +3% | +$2.47M |
|
|
PINC
1010
DELISTED
Premier
PINC
| $63.8M | 0.01% |
1,970,214
+274,655
| +16% | +$8.99M |
|
1011
RH
RH
$3.56B
| $63.4M | 0.01% |
260,240
+1,771
| +0.7% | +$514K |
|
|
UCB
1012
United Community Banks
UCB
$4.33B
| $63.4M | 0.01% |
2,253,095
+230,256
| +11% | +$7.28M |
|
|
SNV
1013
DELISTED
Synovus
SNV
| $63.3M | 0.01% |
2,053,587
+42,010
| +2% | +$1.6M |
|
|
LSXMK
1014
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
| $63.2M | 0.01% |
2,916,258
+47,688
| +2% | +$1.26M |
|
1015
Integra LifeSciences
IART
$1.39B
| $63.1M | 0.01% |
1,099,609
+37,020
| +3% | +$2.09M |
|
1016
Hancock Whitney
HWC
$6.32B
| $63.1M | 0.01% |
1,734,094
+72,134
| +4% | +$3.37M |
|
1017
Broadstone Net Lease
BNL
$4.06B
| $63.1M | 0.01% |
3,709,021
+131,888
| +4% | +$2.3M |
|
|
ISEE
1018
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $63M | 0.01% |
2,587,857
+172,028
| +7% | +$3.77M |
|
1019
WIX.com
WIX
$2.79B
| $62.9M | 0.01% |
631,663
+24,227
| +4% | +$2.13M |
|
1020
Pembina Pipeline
PBA
$28.1B
| $62.9M | 0.01% |
1,915,601
-6,037
| -0.3% | -$204K |
|
1021
Kulicke & Soffa
KLIC
$4.91B
| $62.8M | 0.01% |
1,192,469
-5,755
| -0.5% | -$299K |
|
1022
Array Technologies
ARRY
$924M
| $62.8M | 0.01% |
2,871,300
+132,267
| +5% | +$2.71M |
|
1023
Ryder
R
$10.3B
| $62.8M | 0.01% |
703,493
+16,510
| +2% | +$1.52M |
|
1024
Chemours
CC
$2.7B
| $62.7M | 0.01% |
2,095,501
+20,074
| +1% | +$661K |
|
1025
Kosmos Energy
KOS
$1.44B
| $62.6M | 0.01% |
8,420,063
+362,646
| +5% | +$2.66M |
|
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.