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 | |
|---|---|---|---|---|---|---|
1151
Clearway Energy Class C
CWEN
$4.86B
| $52.3M | 0.01% |
1,670,700
+592,148
| +55% | +$19M |
|
|
BPMC
1152
DELISTED
Blueprint Medicines
BPMC
| $52.3M | 0.01% |
1,162,640
+48,303
| +4% | +$2.18M |
|
1153
Cousins Properties
CUZ
$5.06B
| $52.2M | 0.01% |
2,439,413
+35,041
| +1% | +$853K |
|
1154
Hamilton Lane
HLNE
$5.56B
| $52.1M | 0.01% |
704,271
-42,897
| -6% | -$3.17M |
|
1155
Rush Enterprises Class A
RUSHA
$6.36B
| $52M | 0.01% |
1,428,304
+47,716
| +3% | +$1.73M |
|
1156
Progress Software
PRGS
$1.73B
| $51.9M | 0.01% |
902,982
+103,070
| +13% | +$5.74M |
|
1157
Omnicell
OMCL
$1.69B
| $51.7M | 0.01% |
880,970
+43,600
| +5% | +$2.4M |
|
1158
FormFactor
FORM
$8.92B
| $51.7M | 0.01% |
1,621,813
+20,624
| +1% | +$591K |
|
1159
Allegro MicroSystems
ALGM
$7.79B
| $51.6M | 0.01% |
1,074,641
-79,501
| -7% | -$3.23M |
|
1160
Associated Banc-Corp
ASB
$5.95B
| $51.5M | 0.01% |
2,866,025
+105,630
| +4% | +$2.31M |
|
1161
LCI Industries
LCII
$2.61B
| $51.5M | 0.01% |
468,828
+21,237
| +5% | +$2.32M |
|
|
RVNC
1162
DELISTED
Revance Therapeutics, Inc.
RVNC
| $51.4M | 0.01% |
1,596,514
+62,069
| +4% | +$1.93M |
|
|
JHG
1163
DELISTED
Janus Henderson
JHG
| $51.3M | 0.01% |
1,927,419
-161,402
| -8% | -$4.3M |
|
1164
Ollie's Bargain Outlet
OLLI
$4.74B
| $51.3M | 0.01% |
885,892
+26,656
| +3% | +$1.47M |
|
1165
Jackson Financial
JXN
$9.38B
| $51.3M | 0.01% |
1,371,602
+24,365
| +2% | +$1M |
|
1166
Interparfums
IPAR
$3.95B
| $51.2M | 0.01% |
359,766
+13,537
| +4% | +$1.67M |
|
1167
Boise Cascade
BCC
$2.98B
| $51.1M | 0.01% |
807,609
+9,774
| +1% | +$678K |
|
1168
UMB Financial
UMBF
$11.2B
| $51M | 0.01% |
883,608
+32,178
| +4% | +$2.62M |
|
1169
Dycom Industries
DY
$12.3B
| $50.9M | 0.01% |
544,003
+20,562
| +4% | +$1.91M |
|
1170
SiriusXM
SIRI
$10.3B
| $50.8M | 0.01% |
1,281,436
-299,319
| -19% | -$14.3M |
|
|
ARNC
1171
DELISTED
Arconic Corporation
ARNC
| $50.8M | 0.01% |
1,934,875
+74,487
| +4% | +$1.83M |
|
1172
Resideo Technologies
REZI
$3.97B
| $50.7M | 0.01% |
2,775,307
+125,468
| +5% | +$2.27M |
|
1173
Korn Ferry
KFY
$4.25B
| $50.7M | 0.01% |
979,950
+36,793
| +4% | +$1.99M |
|
1174
WD-40
WDFC
$3.15B
| $50.6M | 0.01% |
284,361
+1,748
| +0.6% | +$302K |
|
|
DISH
1175
DELISTED
DISH Network Corp.
DISH
| $50.6M | 0.01% |
5,430,671
+53,629
| +1% | +$676K |
|
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.