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 | |
|---|---|---|---|---|---|---|
1126
Western Alliance Bancorporation
WAL
$9.1B
| $54.6M | 0.01% |
1,532,463
+18,374
| +1% | +$1.13M |
|
|
SYNH
1127
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $54.6M | 0.01% |
1,531,949
+61,825
| +4% | +$2.24M |
|
1128
California Resources
CRC
$4.59B
| $54.6M | 0.01% |
1,416,979
+67,425
| +5% | +$2.79M |
|
1129
Westlake Corp
WLK
$10B
| $54.5M | 0.01% |
470,466
+19,466
| +4% | +$2.25M |
|
1130
Peloton Interactive
PTON
$2.81B
| $54.4M | 0.01% |
4,799,173
+387,278
| +9% | +$4.66M |
|
1131
Penske Automotive Group
PAG
$14.3B
| $54.4M | 0.01% |
383,527
-8,608
| -2% | -$1.15M |
|
1132
HUB Group
HUBG
$2.92B
| $54.4M | 0.01% |
1,295,658
+45,784
| +4% | +$2M |
|
1133
Cogent Communications
CCOI
$646M
| $54.1M | 0.01% |
849,596
+34,384
| +4% | +$2.21M |
|
1134
Rogers Communications
RCI
$18.2B
| $53.9M | 0.01% |
1,164,250
+44,852
| +4% | +$2.13M |
|
1135
Zurn Elkay Water Solutions
ZWS
$8.8B
| $53.8M | 0.01% |
2,516,982
+112,747
| +5% | +$2.48M |
|
1136
First Interstate BancSystem
FIBK
$3.72B
| $53.7M | 0.01% |
1,799,490
+72,525
| +4% | +$2.55M |
|
1137
Community Bank
CBU
$3.5B
| $53.5M | 0.01% |
1,020,099
+35,525
| +4% | +$2.08M |
|
|
FRC
1138
DELISTED
First Republic Bank
FRC
| $53.5M | 0.01% |
3,832,677
+133,835
| +4% | +$13.7M |
|
1139
Rapid7
RPD
$749M
| $53.1M | 0.01% |
1,157,015
+51,286
| +5% | +$2.18M |
|
1140
CNX Resources
CNX
$5.15B
| $53M | 0.01% |
3,307,489
-13,696
| -0.4% | -$218K |
|
1141
Herc Holdings
HRI
$5.66B
| $53M | 0.01% |
464,998
+21,298
| +5% | +$2.94M |
|
1142
Albertsons Companies
ACI
$5.76B
| $52.9M | 0.01% |
2,544,033
+364,495
| +17% | +$7.53M |
|
1143
Arrowhead Research
ARWR
$12.4B
| $52.8M | 0.01% |
2,078,527
+104,976
| +5% | +$3.3M |
|
1144
Plexus
PLXS
$7.38B
| $52.7M | 0.01% |
540,625
+27,465
| +5% | +$2.75M |
|
1145
Evolent Health
EVH
$345M
| $52.7M | 0.01% |
1,623,390
+62,313
| +4% | +$1.97M |
|
|
AEL
1146
DELISTED
American Equity Investment Life Holding Company
AEL
| $52.6M | 0.01% |
1,440,708
+72,598
| +5% | +$3.09M |
|
1147
Steven Madden
SHOO
$3.57B
| $52.5M | 0.01% |
1,459,269
+52,462
| +4% | +$1.82M |
|
1148
Grand Canyon Education
LOPE
$3.9B
| $52.5M | 0.01% |
461,039
-51,118
| -10% | -$5.76M |
|
1149
Unifirst Corp
UNF
$5.24B
| $52.5M | 0.01% |
297,821
-5,218
| -2% | -$1.02M |
|
|
AXNX
1150
DELISTED
Axonics, Inc. Common Stock
AXNX
| $52.5M | 0.01% |
961,886
+44,219
| +5% | +$2.58M |
|
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.