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 | |
|---|---|---|---|---|---|---|
1101
Bank OZK
OZK
$5.65B
| $56.7M | 0.01% |
1,658,356
+57,917
| +4% | +$2.43M |
|
1102
Impinj
PI
$4.96B
| $56.7M | 0.01% |
418,226
+17,799
| +4% | +$2.27M |
|
1103
ABM Industries
ABM
$2.86B
| $56.6M | 0.01% |
1,260,078
+48,908
| +4% | +$2.26M |
|
1104
Vishay Intertechnology
VSH
$5.32B
| $56.5M | 0.01% |
2,496,508
+102,242
| +4% | +$2.25M |
|
|
AL
1105
DELISTED
Air Lease Corp
AL
| $56.5M | 0.01% |
1,434,038
+50,218
| +4% | +$2.1M |
|
1106
AerCap
AER
$24.5B
| $56.4M | 0.01% |
1,009,596
+186,063
| +23% | +$11.1M |
|
1107
Cavco Industries
CVCO
$4.5B
| $56.4M | 0.01% |
177,570
-469
| -0.3% | -$130K |
|
1108
Ambarella
AMBA
$3.62B
| $56.3M | 0.01% |
727,700
+39,575
| +6% | +$3.39M |
|
1109
Teck Resources
TECK
$32.3B
| $56.1M | 0.01% |
1,519,735
-6,979
| -0.5% | -$277K |
|
1110
MGE Energy Inc
MGEE
$3.02B
| $55.9M | 0.01% |
720,096
+35,098
| +5% | +$2.54M |
|
1111
Sprout Social
SPT
$519M
| $55.9M | 0.01% |
918,147
+42,766
| +5% | +$2.62M |
|
1112
Albany International
AIN
$1.76B
| $55.7M | 0.01% |
623,680
+13,537
| +2% | +$1.37M |
|
1113
Werner Enterprises
WERN
$2.31B
| $55.7M | 0.01% |
1,223,477
+51,542
| +4% | +$2.34M |
|
1114
Strategy Inc
MSTR
$35.7B
| $55.5M | 0.01% |
1,899,230
+126,130
| +7% | +$3.08M |
|
1115
Amkor Technology
AMKR
$13.6B
| $55.5M | 0.01% |
2,131,804
-107,270
| -5% | -$2.93M |
|
1116
Wendy's
WEN
$1.5B
| $55.3M | 0.01% |
2,539,081
+87,066
| +4% | +$1.91M |
|
1117
Blue Owl Capital
OWL
$7.79B
| $55.2M | 0.01% |
4,978,337
+236,604
| +5% | +$2.83M |
|
1118
Moog Inc Class A
MOG.A
$13B
| $55.1M | 0.01% |
546,789
+22,223
| +4% | +$2.14M |
|
1119
Louisiana-Pacific
LPX
$5.43B
| $55M | 0.01% |
1,014,077
+21,996
| +2% | +$1.35M |
|
1120
Lumentum
LITE
$65.5B
| $54.9M | 0.01% |
1,017,174
+29,836
| +3% | +$1.66M |
|
1121
Varonis Systems
VRNS
$5.05B
| $54.8M | 0.01% |
2,108,492
+58,644
| +3% | +$1.53M |
|
1122
PagerDuty
PD
$860M
| $54.8M | 0.01% |
1,567,667
+68,598
| +5% | +$2.01M |
|
1123
Pacific Biosciences
PACB
$407M
| $54.8M | 0.01% |
4,731,109
+561,499
| +13% | +$5.58M |
|
1124
Shift4
FOUR
$4.24B
| $54.8M | 0.01% |
722,623
+22,867
| +3% | +$1.47M |
|
1125
Warner Music
WMG
$13.3B
| $54.6M | 0.01% |
1,637,626
-67,546
| -4% | -$2.27M |
|
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.