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 |
NVIDIA
NVDA
|
+$1.81B |
| 2 |
Microsoft
MSFT
|
+$1.34B |
| 3 |
Apple
AAPL
|
+$1.25B |
| 4 |
Amazon
AMZN
|
+$1.17B |
| 5 |
Alphabet (Google) Class A
GOOGL
|
+$480M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SPLK
Splunk Inc
SPLK
|
+$373M |
| 2 |
Amgen
AMGN
|
+$204M |
| 3 |
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
|
+$180M |
| 4 |
IMGN
Immunogen Inc
IMGN
|
+$160M |
| 5 |
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
|
+$109M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 29.47% |
| 2 | Financials | 12.91% |
| 3 | Healthcare | 12.22% |
| 4 | Consumer Discretionary | 10.6% |
| 5 | Industrials | 9.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1101
Korn Ferry
KFY
$4.28B
| $75.6M | 0.01% |
1,148,915
+27,510
| +2% | +$1.66M |
|
1102
Tanger
SKT
$4.52B
| $75.4M | 0.01% |
2,551,841
+137,139
| +6% | +$3.84M |
|
1103
FIVE9
FIVN
$2.54B
| $75.3M | 0.01% |
1,211,663
+58,719
| +5% | +$4.08M |
|
1104
Sterling Infrastructure
STRL
$16.7B
| $75.2M | 0.01% |
681,318
+19,927
| +3% | +$1.81M |
|
1105
Spire
SR
$4.85B
| $74.6M | 0.01% |
1,214,588
+73,643
| +6% | +$4.4M |
|
1106
Parsons
PSN
$5.08B
| $74.4M | 0.01% |
896,286
+30,192
| +3% | +$2.2M |
|
1107
Blackbaud
BLKB
$2.08B
| $74.3M | 0.01% |
1,002,142
+25,851
| +3% | +$1.97M |
|
1108
Organon & Co
OGN
$3.57B
| $74.3M | 0.01% |
3,951,404
+47,239
| +1% | +$811K |
|
|
SWTX
1109
DELISTED
SpringWorks Therapeutics
SWTX
| $74.1M | 0.01% |
1,504,703
+85,615
| +6% | +$3.96M |
|
1110
Ziff Davis
ZD
$1.98B
| $73.6M | 0.01% |
1,167,703
+47,703
| +4% | +$3.17M |
|
1111
CareTrust REIT
CTRE
$9.74B
| $73.5M | 0.01% |
3,014,599
+463,271
| +18% | +$10.5M |
|
1112
NorthWestern Energy
NWE
$4.43B
| $73.3M | 0.01% |
1,439,972
+43,085
| +3% | +$2.1M |
|
|
FOLD
1113
DELISTED
Amicus Therapeutics
FOLD
| $73.2M | 0.01% |
6,210,736
+259,441
| +4% | +$3.32M |
|
1114
Assured Guaranty
AGO
$3.34B
| $73.1M | 0.01% |
837,643
+12,519
| +2% | +$1.05M |
|
1115
Associated Banc-Corp
ASB
$5.91B
| $72.9M | 0.01% |
3,386,308
+97,917
| +3% | +$2.05M |
|
1116
Kilroy Realty
KRC
$4.42B
| $72.8M | 0.01% |
1,998,799
+53,283
| +3% | +$1.97M |
|
|
SFBS
1117
ServisFirst Bancshares
SFBS
$4.86B
| $72.8M | 0.01% |
1,096,633
+35,073
| +3% | +$2.23M |
|
1118
Progyny
PGNY
$2.2B
| $72.7M | 0.01% |
1,905,164
+73,741
| +4% | +$2.79M |
|
1119
Ameris Bancorp
ABCB
$5.89B
| $72.5M | 0.01% |
1,498,778
+36,943
| +3% | +$1.79M |
|
|
TGNA
1120
DELISTED
TEGNA Inc
TGNA
| $72.5M | 0.01% |
4,852,621
-908,087
| -16% | -$13.5M |
|
|
TXNM
1121
TXNM Energy Inc
TXNM
$5.94B
| $72.5M | 0.01% |
1,925,991
+64,442
| +3% | +$2.4M |
|
1122
Walker & Dunlop
WD
$1.53B
| $72.5M | 0.01% |
717,304
+19,632
| +3% | +$1.89M |
|
1123
Lazard
LAZ
$4.31B
| $72.4M | 0.01% |
1,728,970
+58,029
| +3% | +$2.26M |
|
|
JBTM
1124
JBT Marel
JBTM
$6.39B
| $72.4M | 0.01% |
689,777
+22,996
| +3% | +$2.29M |
|
1125
Coty
COTY
$2.48B
| $72.3M | 0.01% |
6,046,541
+256,327
| +4% | +$3.13M |
|
Similar funds
Geode Capital Management's Q1 2024 Portfolio in Review
As of Q1 2024, Geode Capital Management held 4,738 positions worth $1.08T, up 13% from $956B the previous quarter. Its ten largest holdings account for 28% of the portfolio.
Geode Capital Management deployed $32.6B of net new capital in Q1 2024, opening 85 new positions and adding to 3,720 existing holdings. Its largest new stake was Solventum: 2,733,775 shares worth $0.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was Amgen, an estimated $204M trimmed.
- Geode Capital Management's largest Q1 2024 buy was Solventum: 2,733,775 shares worth $0.
- Geode Capital Management added most to NVIDIA in Q1 2024, an estimated $1.81B increase.
- Geode Capital Management's biggest Q1 2024 reduction was Amgen, cutting an estimated $204M.
- Geode Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $373M.
- Geode Capital Management's ten largest holdings make up 28% of its $1.08T portfolio in Q1 2024.
- Geode Capital Management opened 85 new positions and closed 123 in Q1 2024.
- Geode Capital Management's portfolio value rose 13% quarter-over-quarter to $1.08T.
Based on Geode Capital Management's 13F filing for Q1 2024, filed 13 May 2024.