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 | |
|---|---|---|---|---|---|---|
|
NARI
1076
DELISTED
Inari Medical, Inc. Common Stock
NARI
| $58.9M | 0.01% |
953,558
+42,475
| +5% | +$2.55M |
|
1077
FNB Corp
FNB
$6.86B
| $58.8M | 0.01% |
5,071,412
+233,391
| +5% | +$3.11M |
|
1078
AXIS Capital
AXS
$7.57B
| $58.8M | 0.01% |
1,077,670
+40,197
| +4% | +$2.34M |
|
1079
Kirby Corp
KEX
$6.99B
| $58.5M | 0.01% |
838,615
+26,341
| +3% | +$1.81M |
|
1080
Arcosa
ACA
$7.14B
| $58.4M | 0.01% |
925,293
+34,080
| +4% | +$2M |
|
|
FOCS
1081
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $58.3M | 0.01% |
1,123,938
+38,214
| +4% | +$1.84M |
|
1082
KE Holdings
BEKE
$18.6B
| $58.2M | 0.01% |
3,108,179
+88,914
| +3% | +$1.65M |
|
|
NSA
1083
DELISTED
National Storage Affiliates Trust
NSA
| $58.1M | 0.01% |
1,391,446
+34,308
| +3% | +$1.39M |
|
1084
Clarivate
CLVT
$1.23B
| $58.1M | 0.01% |
6,193,102
+166,790
| +3% | +$1.72M |
|
1085
Teradata
TDC
$2.56B
| $57.9M | 0.01% |
1,436,392
+46,989
| +3% | +$1.75M |
|
|
ESGR
1086
DELISTED
Enstar Group
ESGR
| $57.8M | 0.01% |
249,523
+9,294
| +4% | +$2.2M |
|
1087
TechnipFMC
FTI
$27.1B
| $57.8M | 0.01% |
4,233,807
+81,488
| +2% | +$1.1M |
|
|
CALY
1088
Callaway Golf Company
CALY
$3.45B
| $57.8M | 0.01% |
2,672,037
+112,384
| +4% | +$2.55M |
|
1089
Teladoc Health
TDOC
$1.26B
| $57.7M | 0.01% |
2,225,969
+56,421
| +3% | +$1.51M |
|
1090
Brink's
BCO
$4.7B
| $57.6M | 0.01% |
862,622
+41,016
| +5% | +$2.6M |
|
1091
Kilroy Realty
KRC
$4.51B
| $57.6M | 0.01% |
1,778,017
+62,998
| +4% | +$2.3M |
|
1092
Calix
CALX
$2.38B
| $57.5M | 0.01% |
1,072,787
+43,129
| +4% | +$2.35M |
|
1093
CONMED
CNMD
$1.49B
| $57.5M | 0.01% |
553,179
+22,207
| +4% | +$2.15M |
|
1094
Procore
PCOR
$8.37B
| $57.2M | 0.01% |
914,041
+27,794
| +3% | +$1.63M |
|
1095
Peabody Energy
BTU
$2.79B
| $57.2M | 0.01% |
2,234,198
+92,770
| +4% | +$2.46M |
|
1096
Rogers Corp
ROG
$2.38B
| $57.2M | 0.01% |
349,841
+16,405
| +5% | +$2.37M |
|
|
FOLD
1097
DELISTED
Amicus Therapeutics
FOLD
| $57M | 0.01% |
5,142,407
+251,979
| +5% | +$3.11M |
|
1098
Elanco Animal Health
ELAN
$13.2B
| $57M | 0.01% |
6,070,775
+142,802
| +2% | +$1.68M |
|
1099
COPT Defense Properties
CDP
$4.23B
| $56.9M | 0.01% |
2,401,507
+70,774
| +3% | +$1.82M |
|
|
COOP
1100
DELISTED
Mr. Cooper
COOP
| $56.9M | 0.01% |
1,387,751
+46,577
| +3% | +$2.04M |
|
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.