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 | |
|---|---|---|---|---|---|---|
1051
Agilon Health
AGL
$1.85B
| $60.6M | 0.01% |
102,122
+3,373
| +3% | +$1.89M |
|
1052
Lazard
LAZ
$4.29B
| $60.6M | 0.01% |
1,829,956
-31,940
| -2% | -$1.18M |
|
1053
KB Home
KBH
$3.61B
| $60.6M | 0.01% |
1,507,032
+38,284
| +3% | +$1.4M |
|
1054
Forward Air
FWRD
$473M
| $60.5M | 0.01% |
561,887
+5,785
| +1% | +$607K |
|
1055
Sensient Technologies
SXT
$5.49B
| $60.3M | 0.01% |
787,813
-47,050
| -6% | -$3.5M |
|
1056
STAAR Surgical
STAA
$1.16B
| $60.2M | 0.01% |
941,611
+39,645
| +4% | +$2.59M |
|
1057
Vontier
VNT
$4.74B
| $60.2M | 0.01% |
2,200,164
+63,221
| +3% | +$1.53M |
|
1058
LXP Industrial Trust
LXP
$3.57B
| $60.1M | 0.01% |
1,165,833
+34,823
| +3% | +$1.86M |
|
1059
Madrigal Pharmaceuticals
MDGL
$11.8B
| $60.1M | 0.01% |
248,057
+11,472
| +5% | +$3.13M |
|
1060
SPX Corp
SPXC
$10.9B
| $60M | 0.01% |
850,238
+38,065
| +5% | +$2.7M |
|
1061
Sabra Healthcare REIT
SBRA
$5.25B
| $59.9M | 0.01% |
5,211,729
+234,535
| +5% | +$2.9M |
|
1062
Independent Bank
INDB
$4.08B
| $59.9M | 0.01% |
913,343
+40,699
| +5% | +$3.11M |
|
1063
Vertiv
VRT
$108B
| $59.9M | 0.01% |
4,187,507
+137,438
| +3% | +$2.02M |
|
1064
Thor Industries
THO
$4.12B
| $59.9M | 0.01% |
752,229
+15,626
| +2% | +$1.38M |
|
1065
TriNet
TNET
$3.1B
| $59.9M | 0.01% |
743,104
+9,775
| +1% | +$765K |
|
1066
TD Synnex
SNX
$20.9B
| $59.9M | 0.01% |
618,361
+31,368
| +5% | +$3.12M |
|
1067
Leggett & Platt
LEG
$1.42B
| $59.7M | 0.01% |
1,871,492
+52,196
| +3% | +$1.76M |
|
1068
Avista
AVA
$3.22B
| $59.6M | 0.01% |
1,403,587
+50,537
| +4% | +$2.09M |
|
1069
ACI Worldwide
ACIW
$5.78B
| $59.6M | 0.01% |
2,207,837
+92,356
| +4% | +$2.44M |
|
1070
Teva Pharmaceuticals
TEVA
$40.6B
| $59.6M | 0.01% |
6,752,562
+207,161
| +3% | +$2.05M |
|
|
SRCL
1071
DELISTED
Stericycle Inc
SRCL
| $59.5M | 0.01% |
1,365,192
+45,771
| +3% | +$2.27M |
|
|
BECN
1072
DELISTED
Beacon Roofing Supply, Inc.
BECN
| $59.4M | 0.01% |
1,010,122
+45,623
| +5% | +$2.67M |
|
|
NEWR
1073
DELISTED
New Relic, Inc.
NEWR
| $59.3M | 0.01% |
787,009
+30,188
| +4% | +$2.04M |
|
|
PPLI
1074
People Inc
PPLI
$3.34B
| $59.1M | 0.01% |
1,396,590
+34,049
| +2% | +$1.46M |
|
1075
Otter Tail
OTTR
$3.83B
| $59M | 0.01% |
815,937
+28,248
| +4% | +$1.88M |
|
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.