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 | |
|---|---|---|---|---|---|---|
1151
Axos Financial
AX
$5.68B
| $68.8M | 0.01% |
1,273,728
+127,540
| +11% | +$6.71M |
|
1152
Columbia Banking Systems
COLB
$8.84B
| $68.8M | 0.01% |
3,557,015
+158,476
| +5% | +$3.26M |
|
1153
Hannon Armstrong Sustainable Infrastructure Capital
HASI
$5.2B
| $68.8M | 0.01% |
2,421,712
+113,733
| +5% | +$2.84M |
|
1154
RadNet
RDNT
$5.69B
| $68.8M | 0.01% |
1,413,197
+85,975
| +6% | +$3.46M |
|
1155
IDEAYA Biosciences
IDYA
$3.56B
| $68.7M | 0.01% |
1,565,715
+214,378
| +16% | +$9.22M |
|
1156
Adient
ADNT
$1.5B
| $68.4M | 0.01% |
2,077,613
+15,304
| +0.7% | +$521K |
|
1157
Freshworks
FRSH
$3.27B
| $68.3M | 0.01% |
3,750,350
+132,866
| +4% | +$2.75M |
|
1158
McGrath RentCorp
MGRC
$2.92B
| $68.3M | 0.01% |
553,492
+15,703
| +3% | +$1.9M |
|
|
SEM
1159
DELISTED
Select Medical
SEM
| $68.2M | 0.01% |
4,196,646
+121,603
| +3% | +$1.78M |
|
1160
Texas Capital Bancshares
TCBI
$4.32B
| $68.1M | 0.01% |
1,106,117
+18,760
| +2% | +$1.14M |
|
1161
Graham Holdings Company
GHC
$5.02B
| $67.6M | 0.01% |
88,009
+2,904
| +3% | +$2.08M |
|
1162
LCI Industries
LCII
$2.65B
| $67.5M | 0.01% |
548,723
+17,923
| +3% | +$2.11M |
|
1163
Axsome Therapeutics
AXSM
$10.9B
| $67.5M | 0.01% |
845,407
+23,103
| +3% | +$1.94M |
|
1164
COPT Defense Properties
CDP
$4.21B
| $67.5M | 0.01% |
2,791,050
+82,950
| +3% | +$2.02M |
|
1165
Rapid7
RPD
$773M
| $67.3M | 0.01% |
1,372,288
+42,429
| +3% | +$2.33M |
|
1166
Impinj
PI
$5.6B
| $67M | 0.01% |
521,894
+14,818
| +3% | +$1.56M |
|
1167
Park Hotels & Resorts
PK
$2.97B
| $66.9M | 0.01% |
3,825,938
+89,486
| +2% | +$1.45M |
|
1168
MYR Group
MYRG
$5.25B
| $66.5M | 0.01% |
376,302
+12,287
| +3% | +$1.89M |
|
1169
Cousins Properties
CUZ
$4.88B
| $66.4M | 0.01% |
2,763,431
+101,194
| +4% | +$2.36M |
|
1170
Huntsman Corp
HUN
$1.77B
| $66.1M | 0.01% |
2,538,681
+48,317
| +2% | +$1.2M |
|
1171
Q2 Holdings
QTWO
$3.92B
| $65.7M | 0.01% |
1,250,452
+38,511
| +3% | +$1.74M |
|
1172
SITE Centers
SITC
$165M
| $65.7M | 0.01% |
5,748,694
+137,228
| +2% | +$1.48M |
|
1173
Crinetics Pharmaceuticals
CRNX
$8.92B
| $65.6M | 0.01% |
1,401,403
+48,731
| +4% | +$1.91M |
|
1174
Sprout Social
SPT
$621M
| $65.5M | 0.01% |
1,097,608
+42,467
| +4% | +$2.58M |
|
1175
National Health Investors
NHI
$3.65B
| $65.3M | 0.01% |
1,039,307
+26,924
| +3% | +$1.52M |
|
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.