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 | |
|---|---|---|---|---|---|---|
1026
Hawaiian Electric Industries
HE
$2.2B
| $62.5M | 0.01% |
1,628,261
+29,485
| +2% | +$1.19M |
|
|
OSH
1027
DELISTED
Oak Street Health, Inc.
OSH
| $62.5M | 0.01% |
1,615,436
+53,262
| +3% | +$1.72M |
|
1028
Pinnacle Financial Partners Inc
PNFP
$16.5B
| $62.4M | 0.01% |
1,130,810
+34,637
| +3% | +$2.43M |
|
1029
Flowserve
FLS
$10.2B
| $62.4M | 0.01% |
1,834,348
+62,763
| +4% | +$2.1M |
|
|
HI
1030
DELISTED
Hillenbrand
HI
| $62.3M | 0.01% |
1,311,156
+54,561
| +4% | +$2.51M |
|
1031
Blackbaud
BLKB
$2.07B
| $62.1M | 0.01% |
896,767
+39,610
| +5% | +$2.37M |
|
1032
American States Water
AWR
$3.35B
| $62.1M | 0.01% |
699,119
+29,272
| +4% | +$2.67M |
|
1033
Cable One
CABO
$254M
| $62.1M | 0.01% |
88,466
+5,562
| +7% | +$4.05M |
|
1034
U-Haul Holding Co Series N
UHAL.B
$12.6B
| $62.1M | 0.01% |
1,198,493
+25,800
| +2% | +$1.46M |
|
1035
Elastic
ESTC
$7.39B
| $62M | 0.01% |
1,071,165
+43,990
| +4% | +$2.51M |
|
1036
Avnet
AVT
$7.59B
| $62M | 0.01% |
1,371,834
+26,746
| +2% | +$1.19M |
|
1037
Group 1 Automotive
GPI
$3.41B
| $61.9M | 0.01% |
273,603
+11,139
| +4% | +$2.36M |
|
1038
Terex
TEX
$7.55B
| $61.8M | 0.01% |
1,277,200
+57,944
| +5% | +$2.96M |
|
1039
Intellia Therapeutics
NTLA
$1.58B
| $61.7M | 0.01% |
1,655,391
+63,544
| +4% | +$2.49M |
|
1040
Goodyear
GT
$2.07B
| $61.6M | 0.01% |
5,594,092
+246,566
| +5% | +$2.73M |
|
1041
California Water Service
CWT
$3.11B
| $61.5M | 0.01% |
1,056,075
+54,957
| +5% | +$3.26M |
|
1042
MGIC Investment
MTG
$6.35B
| $61.4M | 0.01% |
4,533,242
+453,323
| +11% | +$6.11M |
|
1043
Bright Horizons
BFAM
$3.98B
| $61.4M | 0.01% |
797,048
+25,498
| +3% | +$1.96M |
|
|
FL
1044
DELISTED
Foot Locker
FL
| $61.2M | 0.01% |
1,541,108
+66,580
| +5% | +$2.78M |
|
1045
Cytokinetics
CYTK
$10.7B
| $61M | 0.01% |
1,734,696
+76,846
| +5% | +$3.13M |
|
1046
Alight
ALIT
$453M
| $61M | 0.01% |
330,986
+53,634
| +19% | +$9.85M |
|
1047
Coty
COTY
$2.56B
| $60.9M | 0.01% |
5,050,553
+147,754
| +3% | +$1.56M |
|
1048
Federal Signal
FSS
$8.09B
| $60.8M | 0.01% |
1,121,363
+52,496
| +5% | +$2.75M |
|
|
ENV
1049
DELISTED
ENVESTNET, INC.
ENV
| $60.7M | 0.01% |
1,034,347
+49,603
| +5% | +$3.08M |
|
1050
Element Solutions
ESI
$9.48B
| $60.6M | 0.01% |
3,140,513
+114,503
| +4% | +$2.26M |
|
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.